Derby-based Rolls-Royce SMR has signed an exclusive agreement with the Dutch development company ULC-Energy to work together to deploy Rolls-Royce Small Modular Reactor (SMR) power stations in the Netherlands.
Rolls-Royce SMR and ULC-Energy believe nuclear energy can accelerate the transition to a clean, affordable, and reliable energy system in the Netherlands.
ULC-Energy intends to develop nuclear projects deploying modern, state-of-the-art, modular reactors that are based on proven technology. The Rolls-Royce SMR has been selected by ULC-Energy as its SMR technology provider of choice.
The Rolls-Royce SMR applies proven nuclear technology to provide affordable, secure, low carbon electricity and heat; building on capability and experience in manufacturing, energy systems and nuclear reactor design and construction.
90% of the Rolls-Royce SMR is built in factory conditions, limiting on-site activity primarily to assembly of pre-fabricated, pre-tested, modules which significantly reduces project risk and has the potential to drastically shorten build schedules.
By signing the agreement, the parties have formalised their alignment and will be working closely together to advance application of this technology solution over coming years.
Tom Samson, CEO of Rolls-Royce SMR, said: “This is an important and exciting step forward towards deploying Rolls-Royce SMRs in the Netherlands. Working under the agreement with ULC-Energy, as a developer who will deploy our technology, we will pursue a range of opportunities to provide affordable low-carbon energy for domestic and industrial uses.”
Dirk Rabelink from ULC-Energy said: “Challenging energy market conditions, particularly in Western Europe, have clarified the importance of having reliable and affordable energy systems. The Dutch Government believes that nuclear can and should play a meaningful role in the Netherlands. The Rolls-Royce SMR is ideally suited for the Dutch market. At 470 MW, and with a capacity factor >95%, each unit makes a meaningful difference and can be deployed efficiently to either supply power to the grid, or supply power and heat to dedicated industrial users.”
Secretary of State for International Trade, Anne-Marie Trevelyan, said: “It is fantastic to see UK firms like Rolls-Royce SMR leading the way on sustainable energy and exporting green technology around the world.
“We are truly proud to support leading UK companies which lead to international partnerships like this one, not only creating high-value jobs here in the UK and abroad, but also helping to wean the planet off harmful fossil fuels and move to reliable, safe, carbon-free energy. This is another essential step to meet our ambitious net-zero commitments.”
JW Doubleday shareholders agree to sell the business
The shareholders of Lincolnshire/Norfolk-based John Deere dealership group, JW Doubleday, have entered an agreement with Ben Burgess for the sale of the business.
In line with John Deere’s dealer of tomorrow strategy, Ben Burgess will formally acquire the Doubleday Group with all employees and existing Doubleday depots across Lincolnshire & Norfolk operating as part of the Ben Burgess group.
Founded in the early 1970s by John Doubleday the business has remained family owned, successfully growing for over 50 years and becoming a core part of the agricultural community. In 1982, the business became a main dealer for John Deere – as Deere was first growing its UK presence. JW Doubleday operates from locations in Swineshead; Holbeach, Kings Lynn and Old Leake. The company employs 54 staff.
Ian Doubleday-Collishaw, grandson of the founder, said: “This decision has not been taken lightly but we the Doubleday family, were determined to protect the future of our loyal team and the longevity of a reputable John Deere dealer across our trading area. We believe this is the correct decision for everyone involved.
“Ben Burgess share Doubleday’s values for providing premium brands backed by expertise and excellent standards of customer service. The combination of our joint processes, dedicated teams and the infrastructure already in place at Ben Burgess will deliver the best value to both our team and customers. We are confident the level of service you our customers are accustomed to will continue undisrupted.
“My family and I would like to take this opportunity to thank our dedicated team and our loyal customers, many of whom we consider our friends who have supported us throughout our 40 years as a John Deere dealer.”
Ben B Turner Dealer Principal at Ben Burgess said: “The Doubleday family have built a highly successful, strong and customer focused business over the past 50 years and were adamant that they wanted to pass their legacy over to a family business that shared the same values. We are enormously proud that they have chosen Ben Burgess to continue their outstanding work.
“The combined business will strengthen our position in the industry and enable the future investments required in facilities and technologies to proactively support our customers, offer greater opportunities and security to all our employees whilst continuing to grow in a responsible and sustainable manner. This growth will give the company a strong platform to enable our business to continue building on the great legacy of these two-family businesses.
“We aim to conclude the deal by the end of September to facilitate a quick and smooth transition for the benefit of all our staff and customers.”
Financial Services most desired destination for career changers, but retention challenge remains for sector
Almost a quarter (23%) of individuals looking to change career would consider working in financial services, making it the joint most popular sector alongside professional services for individuals considering a career change according to new data from KPMG UK.
The desire to change career appears to be trending across the UK’s workforce, with over a third (35%) of workers throughout the economy considering new careers because of the rising cost of living, up from 31% during the Covid-19 pandemic in 2020.
The three most popular reasons why individuals would consider a career in financial services include high salary and bonus expectations (58%), a good work life balance (43%) and that the topic sounds interesting (36%).
However, despite being an aspirational sector to work in, a significant proportion (42%) of Financial Services workers will be looking to change career themselves within a year, down slightly from 44% in 2020 during the Covid-19 pandemic.
Among Financial Services workers looking for a new career, 30% want improved salary and benefits, 23% want more job security and 20% want more flexibility regarding working from home arrangements.
Karim Haji, head of Financial Services at KPMG UK, said: “Given the rising cost of living and the broader economic uncertainty, it makes sense that many individuals will be considering their current roles, career choices and where they live and work.
“This will provide a great opportunity for Financial Services firms to target talent, but also make sure that they are better demonstrating the benefits of working in the sector and their improved proposition for employees. Doing so will help firms attract and retain the best talent.
“Encouragingly, the number of financial services workers looking to change career has dropped slightly since the Covid-19 pandemic. Many financial services firms have already offered pay rises to their employees, but as important to many are the other benefits which firms have invested in to boost personal fulfilment, such as more training, mobility and development opportunities.
“In the competition for talent, Financial Services firms should consider extending the scope of their search to include non-traditional pools of talent which can help boost diversity and inclusion. This could mean investing more in return-to-work, military transition, apprenticeships or school leaver programmes.
“Since the Covid-19 pandemic, many Financial Services firms have also made positive changes to their working practices, including dropping some of their more conservative employee policies in line with other sectors. This will go some way in tackling outdated perceptions of the industry and help to attract a more diverse workforce.”
The main reason why individuals wouldn’t want to work in financial services is because they don’t know enough about the sector or what job opportunities there are (32%). Long hours (23%) and the belief that the topic sounds boring (29%) were other prominent reasons why individuals would not want to work in financial services.
Karim added: “There is a huge diversity of roles within the financial services sector, and I’d encourage prospective applicants to do their research and not be put off by old fashioned stereotypes.”
Plans approved for transformation of Swadlincote town centre
South Derbyshire District Council’s Planning Committee has approved plans which will see the transformation of an area of Swadlincote town centre.
At their meeting on Tuesday 23 August, members approved the scheme, planned by the council, which will see:
The remodelling of the former indoor market site in Midland Road to create a multi-function events space available to host community and public events. This will include facilities for staging events such as open-air performances and festivals.
When activities are not taking place, the site would provide further free public car parking.
Work will also be carried out to demolish the derelict structures and clear the land between Midland Road and Belmont Street, on the sites known as Sabine’s Yard and Bank House.
Councillor Kevin Richards, South Derbyshire District Council’s leader, said: “I am proud that the plans for the transformation of Swadlincote town centre are one step closer after being approved.
“The plans for the redevelopment of Swadlincote Market Hall will see the transformation of a building which is unattractive and not fit for purpose into a new site which will offer new opportunities for entertainment.
“The wider scheme will also offer more car parking spaces, a ‘pocket park’ and the regeneration of vacant, derelict sites.”
The proposal was approved by the committee following consultation with stakeholders and the public.
Have you got your tickets for the East Midlands Bricks Awards 2022?
With nominations closed and the shortlist announced, the final judging is now underway to determine the winners of the prestigious East Midlands Bricks Awards 2022.
The awards recognise and celebrate those behind the changing landscape of our region – the very best companies, teams, individuals and projects – showcasing the exceptional work carried out across the East Midlands over the past 12 months.
A glittering awards ceremony revealing the winners will take place on Thursday 15 September, at Trent Bridge Cricket Ground in the Derek Randall Suite.
Attend the event to see who clinches Contractor of the Year, Developer of the Year, Commercial Development of the Year, Residential Development of the Year, Sustainable Development of the Year, Deal of the Year, Most Active Agents of the Year, Architects of the Year, Excellence in Design, Responsible Business and of course Overall Winner.
The awards also present plenty of time to network, to develop relationships with property and construction professionals from across the East Midlands. Book your tickets here.
The event will begin at 4:30pm and continue until 7:30pm, with additional time thereafter for networking and celebrating.
The occasion will additionally feature John Forkin MBE DL, Managing Director at award-winning investment promotion agency Marketing Derby, as keynote speaker.
Complementary drinks and canapés will be served on arrival. Dress code is standard business dress.
Thanks to our sponsors:
Shortlist for the East Midlands Bricks Awards 2022
Most Active Agent – sponsored by Blueprint Interiors Mather Jamie OMEETO BB&J Commercial Commercial Development of the Year – sponsored by Frank Key Broad Marsh Bus Station and Car Park – Galliford Try Construction Etiquette Park – Clowes Developments Nottinghamshire Police and Nottinghamshire Fire & Rescue Service joint HQ – Henry Brothers Responsible Business of the Year – sponsored by Press for Attention PR Cawarden Arc Partnership Phoenix Brickwork Residential Development of the Year – sponsored by Sterling Commercial Finance The Rise, Southwell – Stagfield Group Glenvale Park – Glenvale Park LLP Hindle House – KMRE Group Deal of the Year – sponsored by Blythin & Brown Insurance Brokers St James Securities – Phase Two of the Becketwell regeneration scheme in Derby – 3,500 capacity Becketwell performance venue with ASM Global Wells McFarlane, APB and Newton LDP – sale of 460 acres of land in North Leicestershire, making way for a new garden village Morgan Industrial Properties Limited – acquisition of the former Ewart Chain site in Shaftesbury Street, Derby Developer of the Year – sponsored by Ward Hockley Developments St James Securities HBD Architects of the Year – sponsored by OMS Swain Architecture Rayner Davies Architects CPMG Architects Excellence in Design – sponsored by Cawarden St. Peter’s Gate renovation – CPMG Architects Health and Allied Professions Centre at Nottingham Trent University – Pick Everard Brookside Farm – Chevin Homes Sustainable Development of the Year – sponsored by Viridis Building Services Refurbished HQ for LKAB Minerals – Scenariio Northern Gateway Enterprise Centre – Chesterfield Borough Council, Whittam Cox Architects, Robert Woodhead Group Broad Marsh Bus Station and Car Park – Galliford Try Construction Contractor of the Year – sponsored by RammSanderson Galliford Try Construction Cawarden Enrok Construction The Overall Winner, sponsored by Streets Chartered Accountants, will also be announced at the ceremony, who will be awarded a year of marketing/publicity worth £20,000.
To be held at:
Derbyshire housing association secures £102.5m funding deal to boost affordable housebuilding
Savills Financial Consultants has helped Peaks & Plains Housing Trust strike a £102.5m funding deal that will support the landlord’s plan to build around 500 new homes by 2028 to help address local housing need.
The finance package agreed with Aviva Investors and Barclays demonstrates continued investor demand for working with housing associations operating in UK regions.
The £72.5m private placement with Aviva Investors, along with a refreshed £30m revolving credit facility (RCF) with Barclays, will enable Peaks & Plains Housing Trust to deliver on its plans for communities across three local authority areas in Cheshire, as well as in Derbyshire, High Peak in the East Midlands, and the North West of England.
Jules Booker, director of resources at the 5,200-home association, said: “Thanks to the hard work of everyone involved in this deal, Peaks & Plains is now in a better position to be able to fund the new homes the members of our communities want and need.
“The new deal with Aviva Investors and Barclays has enabled us to restructure our existing loan portfolio and extend our existing liquidity lines. This has helped to make us an even more resilient organisation that can create great places to live in the areas in which we operate.”
Munawer Shafi, head of Structured Finance & Private Debt at Aviva Investors, said: “Social housing has an increasingly vital role to play in providing affordable homes to communities, and also offers investors a good deal of value relative to other sectors.
“As we continue to build our external client base, there has been a material uptick in the number of those who recognise the power of their investments to do good and create positive social outcomes, whilst also capturing financial returns.
“The ability of social housing to provide solid cashflows whilst having a positive impact beyond our business and into communities makes it a compelling sector for us to increase our exposure to and to continue our support of.”
Robert Hession, Barclays relationship director, said: “We’ve been with Peaks & Plains since its inception in 2006 and we’re delighted to continue our partnership and support. This new finance package will enable the business to continue on its growth trajectory, investing in existing homes, developing new social housing and delivering for its present and future residents.”
Mike Roche, director at Savills Financial Consultants, said: “It has been great to work on this new deal for Peaks & Plains Housing Trust, knowing that it will play a part in helping the team there to push ahead with plans that will benefit communities in Cheshire, Derbyshire and beyond. Here at Savills Financial Consultants, we continue to be heartened by investors’ interest in supporting housing delivery across the UK regions.”
Natalie Swales, senior solicitor at Devonshires, said: “We are delighted to have been able to support Peaks & Plains Housing Trust in securing this long-term funding with Aviva Investors. This will allow Peaks & Plains to deliver on its development ambitions over the coming years and increase the supply of good-quality social housing in and around East Cheshire and the High Peak for years to come.”
Shortlist revealed for the East Midlands Bricks Awards 2022
Business Link can now reveal the shortlist for this year’s highly anticipated East Midlands Bricks Awards – THE event for Property & Construction in 2022.
Showcasing the outstanding work of those behind the changing landscape of our region, the Bricks Awards features a diverse range of categories and a glittering awards ceremony that will host many of the region’s industry leaders. This event is also an ideal opportunity to celebrate and network with the very best in the business.
The award ceremony announcing the winners will take place on Thursday 15 September, at the famous Trent Bridge Cricket Ground.
Book your place at the awards now to avoid disappointment!
The event will begin at 4:30pm and continue until 7:30pm, with time thereafter for networking and celebrating. The occasion will additionally feature John Forkin MBE DL, Managing Director at award-winning investment promotion agency Marketing Derby, as keynote speaker.
Complementary drinks and canapés will be served on arrival. Dress code is standard business dress.
Thanks to our sponsors:
Shortlist for the East Midlands Bricks Awards 2022
Most Active Agent – sponsored by Blueprint Interiors Mather Jamie OMEETO BB&J Commercial Commercial Development of the Year – sponsored by Frank Key Broad Marsh Bus Station and Car Park – Galliford Try Construction Etiquette Park – Clowes Developments Nottinghamshire Police and Nottinghamshire Fire & Rescue Service joint HQ – Henry Brothers Responsible Business of the Year – sponsored by Press for Attention PR Cawarden Arc Partnership Phoenix Brickwork Residential Development of the Year – sponsored by Sterling Commercial Finance The Rise, Southwell – Stagfield Group Glenvale Park – Glenvale Park LLP Hindle House – KMRE Group Deal of the Year – sponsored by Blythin & Brown Insurance Brokers St James Securities – Phase Two of the Becketwell regeneration scheme in Derby – 3,500 capacity Becketwell performance venue with ASM Global Wells McFarlane, APB and Newton LDP – sale of 460 acres of land in North Leicestershire, making way for a new garden village Morgan Industrial Properties Limited – acquisition of the former Ewart Chain site in Shaftesbury Street, Derby Developer of the Year – sponsored by Ward Hockley Developments St James Securities HBD Architects of the Year – sponsored by OMS Swain Architecture Rayner Davies Architects CPMG Architects Excellence in Design – sponsored by Cawarden St. Peter’s Gate renovation – CPMG Architects Health and Allied Professions Centre at Nottingham Trent University – Pick Everard Brookside Farm – Chevin Homes Sustainable Development of the Year – sponsored by Viridis Building Services Refurbished HQ for LKAB Minerals – Scenariio Northern Gateway Enterprise Centre – Chesterfield Borough Council, Whittam Cox Architects, Robert Woodhead Group Broad Marsh Bus Station and Car Park – Galliford Try Construction Contractor of the Year – sponsored by RammSanderson Galliford Try Construction Cawarden Enrok Construction The Overall Winner, sponsored by Streets Chartered Accountants, will also be announced at the ceremony, who will be awarded a year of marketing/publicity worth £20,000.
To be held at:
Light Science Technologies bolsters team with new appointments
AgTech specialist Light Science Technologies (LST) has made two new appointments to its team to continue advancing its strategy of growth.
New recruit Jessica Browne joins as electronics engineer, having previously worked as an engineer at various companies including GeoSLAM and Microlise. With a wealth of technical knowledge, she brings her 25 years’ experience specialising in designing and developing microcontroller-based products.
Her new position will see her take on an R&D function, where she will be responsible for the design of electronics for LST’s burgeoning grow lighting and sensor product portfolio, as well as having input into type approvals, software and firmware design.
James Swords also joins as new project manager, leveraging more than 15 years’ experience at large aerospace companies, starting off as a technical apprentice straight from school.
Previously he worked at established hydraulics and energy absorption device firm TA Savery & Co Ltd / Oleo International as development manager, taking on the operational lead for the expanding UKAS accredited test laboratory for rail and elevator products. In a newly created role at LST, among other responsibilities he will be tasked with overseeing new projects and implementing efficient processes to actively manage and communicate resource.
Simon Deacon, CEO and founder of Light Science Technologies, said: “I believe Jessica has the experience and expertise to help lead our R&D function and execute on the company-wide vision for innovation and growth going forward. Her breadth of design engineering knowledge will play a key role in LST’s development of its lighting and sensor products for the Controlled Environment Agriculture (CEA) market.
“James’ recruitment is an important part of LST’s ongoing strategy to develop and strengthen its project management capabilities. With his track record in coordinating major projects and operations as a mechanical engineering manager, he is the person ideally equipped to step into this new role to support our clients across indoor farming with their project requirements and to streamline technical operations to ensure efficient delivery to the highest standard.”
Established in 2019, the firm currently employs 18 staff at its HQ and inbuilt lab facilities in Hilton, Derbyshire.
Freeze energy prices for firms or risk business failures, warns East Midlands Chamber
An energy cap for businesses must be introduced and prices frozen at an affordable level for at least the next year, says East Midlands Chamber – as it warns against a “cost-of-doing-nothing crisis” that will result in business closures and redundancies.
It believes the cap would give companies the financial headroom to make key investments that will make the necessary productivity gains in order to dampen inflationary pressures until a longer-term solution is found.
The chamber of commerce for Derbyshire, Leicestershire and Nottinghamshire has also joined the British Chambers of Commerce network in creating a five-point plan for Government to support businesses via the following measures:
- Ofgem to be given more power to strengthen regulation of the energy market for businesses
- Temporary cut in VAT for energy from 20% to 5% to reduce costs for businesses
- Covid-style support by introducing a Government emergency energy grant for SMEs
- Temporarily reverse the increase in national insurance contributions and put money back into the pockets of businesses and workers
- Government to immediately review and reform the shortage occupation list to help bring down wage pressures and fill staffing vacancies
Burton abuse charity appeals to businesses for support after seeing rise in demand for its services
A Burton charity offering emotional support for victims of sexual abuse is appealing to businesses to help ensure it can carry on its vital work, after seeing a rise in demand in 2022.
The Sexual Abuse and Rape Advice Centre (SARAC) has launched a new corporate sponsor scheme offering the opportunity for businesses to become involved in a very important local charity.
SARAC has helped thousands of sexual assault survivors, including men, women, non-binary people and children, over nearly 30 years of running its services in East Staffordshire and South Derbyshire.
The only specialist rape advice and sexual abuse centre covering the area, it was formed in 1994 by a group of local women who were shocked at the lack of local support for those dealing with the aftermath of sexual abuse during childhood or as adults.
National figures from Rape Crisis show that one in four women and one in 20 men have endured sexual assault of some kind as an adult, while one in six children have been sexually abused.
SARAC offers help for all those aged over 11 who have been through sexual abuse, with the aim of reducing their post traumatic suffering.
The charity’s counsellors are trained to a high standard to offer specialist, face-to-face emotional support. It also runs an outreach service working in local schools and colleges to educate young people and reduce incidence of sexual violence, as well as raising awareness of the availability of the charity should anyone need it.
SARAC holds a prestigious Queen’s Award for Voluntary Service, as well as The Staffordshire High Sheriff’s Award. It has reported a rise in demand in its services in 2022, delivering support to the same number of survivors in the first half of this year as in the whole of 2021.
SARAC is inviting businesses to support its services so it can employ more people, offer more therapeutic services, increase its training and support for local communities, and do more research, as well as offer more prevention and education programmes.
Between 2020 and 2021, SARAC helped 218 adults plus 83 children and young people. During that year more than 30 volunteers supported the charity with more than 2,700 hours of their time.
Catherine Miles, CEO of SARAC, said: “Our charity offers a vital service to help people carry on with their lives after suffering the acute trauma of sexual-related assault. Figures from Rape Crisis show that sexual assault is so prevalent in today’s society that literally anyone could be affected. With that in mind, our charity has never been more important. We want to be there to offer our services to anyone who needs them.
“Absolutely anyone can be referred or refer themselves to our service. Some of those we see come to us for years after the trauma they have undergone.
“Now more than ever, we really need support ourselves so we can carry on with helping others. Sexual abuse is a tough topic but for those who have been through this type of trauma, the acute mental distress can last for years. Counselling has been proven to help people come to terms with what has happened and carry on their lives, as well as reduce the likelihood of repeating abuse down the generations. It’s really vital that we can carry on with our work so we’d love to hear from local businesses who feel our service is something they would like to support.”
SARAC is launching a range of schemes enabling businesses to support their services. Corporate options include adopting SARAC as a charity partner for the year, and encouraging staff to take part in active fundraising such as sponsored cycle rides or other activities.
The charity also offers the opportunity for businesses to take a more ‘hands off’ approach, which could include giving employees the chance to donate part of their salary to SARAC, and matching any donations given with one from the company.
Catherine said: “We have devised a range of schemes which we hope will attract local companies to support us. It would be wonderful to think that with the help of firms in our area, we can continue to offer SARAC’s important services, and expand them, so that we can carry on with our aim of spreading education, awareness, and support for many years to come.”
Businesses which are interested in supporting SARAC are asked to contact Catherine at: Catherine.miles@sarac.org.uk
Building set to be replaced as planning permission granted for new student flats
With planning permission granted for new, 10-storey student accommodation on Talbot Street, Nottingham, East Midlands-based engineering consultancy Howard Ward Associates (HWA) has been appointed as civil and structural engineer on the development through repeat work with long established clients, McLaren Property.
The scheme, which will house 318 student beds, will replace the former Domestic and General office building located on the site.
HWA has given pre purchase advice on engineering site constraints such as contamination, site levels and services.
To support the planning application HWA provided a contamination preliminary risk assessment, transport assessment and travel plan, flood risk and SuDS strategy alongside civil and structural engineering design.
The project provides an opportunity to regenerate an inner-city site in an area which is closely linked to Nottingham Trent University.
Over the last five years, Wollaton Street, adjacent to Talbot Street, has been extensively redeveloped, providing areas which resemble an extension of the university campus. The purpose-built student accommodation provides social benefit by relieving pressure on community housing.
Dan Bailey, Managing Director at HWA, said: “We are delighted to be working on the Talbot Street development following planning approval – refurbishing the former Domestic and General building into quality student accommodation for an area closely linked to Nottingham Trent University.
“The site presents great opportunity to give a worthwhile contribution to the ongoing regeneration efforts in the inner city. We have been involved providing pre purchase due diligence on engineering matters and support through the planning phase for this student resi with McLaren Property, along with planning consultants Savills who navigated gaining the permission.”
HWA will be working alongside Leonard Design, Chord Consult, Pulse Consult, and Evolve in the following phases, with the project programmed to complete for occupation in the 2025 academic year.
New Managing Director for Nottingham Trams
Nottingham Trams Limited, which oversees the operation and maintenance of the city’s tram network for the Nottingham Express Transit (NET), has appointed Chris Wright as its new Managing Director.
In his new role at Nottingham Trams Chris will take responsibility for the strategic leadership of the city’s tram system to ensure its safe operation, oversee the company’s budget and be the primary contact for key stakeholders of the business.
Chris was previously commercial director for East Midlands Railway, which saw him lead teams responsible for marketing, retail and external relations and act as the primary interface with the Department for Transport to manage contracts and new business opportunities.
Prior to this Chris held senior roles as fleet director at East Midlands Trains, engineering and commercial director at Vossloh Kiepe UK and depot manager for London Midland’s Soho and Tyseley maintenance depots.
Alistair Gordon, Chief Executive of Keolis UK and Dubai, said: “The experience and expertise that Chris brings to our business is significant and will be valuable in meeting the current challenges.
“He will be leading an excellent and well-regarded team and I am looking forward to working with Chris to ensure that he has the resources and talent to continue to deliver the best service possible for communities across Nottingham.”
Commenting on his appointment, Chris said: “I am pleased and proud to have been appointed to this role. I look forward to working with all our stakeholders to ensure the continued success of the network.
“I am also excited to have the support of Keolis Group and its international experience as an important added value to delivering service excellence. I particularly look forward to working with the team at Nottingham Trams who have been a part of building a valued public asset for the city.”
Record revenues for Leicester joinery and fit-out company
A Leicester-based joinery and interior fit-out contractor, which has posted the highest annual revenues in its history, has £60 million of secured work for the new financial year.
EE Smith Contracts, which is celebrating its 125th birthday this year, has recorded a turnover of £61.5 million for the year to March 31, 2022.
This record-breaking activity has been secured partly by working on multiple prestigious developments including The Peninsula London hotel overlooking Hyde Park Corner and the completion of 15 super-prime apartments in Knightsbridge in London.
Profits have bounced back strongly following COVID-19 and are forecast to exceed pre-pandemic levels for the year ahead.
EE Smith Contracts enters the new financial year with £60 million of secured work, with significant flagship opportunities for the months ahead.
The business, which employs 285 staff, has reduced carbon emissions by over 20 per cent in the last year despite the growth in activity at its sites in Leicester and London by investing in a new £125,000 extraction system.
There is also continued growth in long-established apprenticeship programmes, with 35 new apprenticeships having been recruited since the outbreak of COVID-19.
Neil Simpson, finance director at EE Smith Contracts, said the company has enjoyed record-breaking liquidity through the year, giving it a secure platform for the coming years.
He said: “The annual results to March 2022 have delivered the highest annual revenue in the company’s history which is due to the hard work and unwavering commitment of our staff.
“We are in advanced discussions regarding a few contracts in the high-end residential and hotel markets which remain stable despite a challenging economic backdrop.
“All this is the best possible way for the business to celebrate its 125-year history which is a history built on employee training and development and investment in cutting-edge technology, and delivering best-in-class craftsmanship.
“EE Smith Contracts has a long history of training youngsters and a significant number of our current employees are former apprenticeships who have stayed with us because it is a family environment.
“We have established great links with London colleges and have 30 apprentices on our sites in London who are learning from among the finest craftspeople in the country. The London labour market is very dynamic and we’re building the EE Smith Contracts family environment on those sites as well to retain our apprentices and provide a pathway for their career.
“Further reductions are forecast in our carbon emissions following significant investment in carbon saving technology in the last six months because this is an area which is really important to us.
“Overall, after evaluating the cost of the pandemic, which we estimate cost the business £3.8 million, to reach a stage where profits are now healthier than pre-COVID is testament to the high standard of our work and the high calibre of our staff.”
Suppliers of health food and wellness products enter administration
Administrators have been appointed to Tree of Life UK Limited and Health Stores (Wholesale) Limited.
The companies form part of the UK’s largest independent health food and wellness products distribution platform, supplying a broad range of third party and owned brand goods, food and drink, personal care, and vitamins, minerals and supplements.
206 employees are located across the two company sites in Newcastle-under-Lyme and Nottingham.
Over recent months, the group has faced a number of challenges including an unexpected sales decline following the loss of a large customer, and unprecedented market conditions that have impacted on financial performance. Despite significant efforts by the company to avoid insolvency, the directors reached the conclusion that it was in the best interest of creditors for the company to be placed into administration.
Chris Pole and Ryan Grant from Interpath Advisory were appointed to Tree of Life UK Limited and Health Stores (Wholesale) Limited, on 22 August 2022.
Across the two companies, of the 206 employees, 63 were retained to assist the administrators in the realisation of assets and the performance of their statutory duties. The remaining 143 members of staff have been made redundant.
The joint administrators are exploring a number of options including seeking a buyer for the businesses, their assets and intellectual property.
Chris Pole, Managing Director at Interpath and joint administrator, said: “Regrettably, the loss of business from a key customer, together with the effects of the well documented economic headwinds, including inflationary pressures, have been incredibly challenging for Tree of Life UK Limited and Health Stores (Wholesale) Limited.
“Our immediate priority is to assist those members of staff who have been made redundant, and provide them with the information they require to make approproate claims.”
Wowcher takes ground floor suite at Derby office building
Wowcher has taken a new 5 year lease on a ground floor suite measuring 3,919ft² at Pentagon House, Sir Frank Whittle Road, Derby.
Pentagon House is a multi tenanted office building providing modern accommodation across four floors. The building benefits from a staffed reception, air conditioning and on site parking.
Darran Severn, director at FHP Property Consultants, says: “It was a pleasure to deal with Wowcher. We first discussed an office relocation with them back in 2021 and it is great to have now found them suitable accommodation. There has been significant investment in the building recently and it really shows. The modern reception leads to newly refurbished open plan office space which benefits from showers and individual WC’s.
“In addition to the Wowcher letting, a 786ft² pavilion suite has been let to Dovedale Logistics and another entire wing is under offer of which we hope to release further details shortly.”
Mark Roberts of Loxton Developments, who own the property, says: “Pentagon House is one of the most prominent office buildings in Derby city centre overlooking Derbyshire County Cricket ground. The suites are refurbished with kitchens and data cabling so ready to occupy now with minimum fit out required.
“With an EPC of B the building is very energy efficient which is increasingly important to tenants. We are delighted to welcome some new tenants to the building which previously has been occupied by Alstom, Citi and Balfour Beatty.”
Innes England acted as joint agents.
MRZ Logistics UK secures new 21,000ft² Nottingham premises
Chris Proctor of FHP Property Consultants, on behalf of the landlord, Abbeyfield Estates Limited, has let 4 Padge Road, Beeston, Nottingham to MRZ Logistics UK Limited on a new 10 year lease term.
The modern warehouse unit provides MRZ Logistics with the expansion space to take on further contracts for their growing e-commerce and 3PL fulfilment business.
Chris Proctor of FHP Property Consultants said: “Having dealt with MRZ Logistics for a number of years, I am delighted to finally have found them the right home for their expanding business. It has been a pleasure working with Winne and Jun and I am pleased that the result of this letting has ended with a happy tenant and happy landlord.”
Innes England were joint agents on this transaction.
Skanska secures contract to deliver A46 Newark Bypass improvement scheme
Skanska has signed a contract with National Highways to deliver the A46 Newark Bypass improvement scheme.
The contract will lead to the upgrade of a four-mile (6.6km) stretch of the A46 Newark Bypass, an important route connecting the M1 and Leicester to the A1 and central Lincolnshire, and is identified as a strategically important scheme in the Government’s Road Investment Strategy. The scheme is expected to cost between £400 – £500 million.
Skanska will undertake the design and construction of the widening of the A46 to a dual carriageway, providing two lanes in each direction between the Farndon and Winthorpe junctions. Works will also include the construction of a new five-arm roundabout at Winthorpe and traffic lights at Farndon junction to improve traffic flows during peak hours. A new bridge will be built to take traffic over the A1, and a flyover installed at Cattle Market.
“We’re really excited to be delivering these important improvement works for National Highways,” said Jonathan Willcock, Managing Director of Skanska’s Infrastructure business.
“We have established a collaborative and trusted relationship with our key customer and this contract builds on our current projects at M42 junction 6 and the A428.
“We’ll be working with National Highways and our design partner, Mott McDonald, to bring together a really strong and integrated team, alongside our wider supply chain.
“We’re taking the lead for this project from the preliminary design stage, which enables us to more closely align design, consultation and buildability activities. This will help us to identify opportunities to optimise productivity, reduce cost and carbon emissions and deliver the project safely – while leaving a positive legacy for the local community.”
The works will deliver improved capacity to address traffic congestion on the A46 around Newark-on-Trent and provide better links to the A1 and M1. It will boost productivity and economic growth through providing a more reliable and resilient road network. The scheme is due to open for traffic in 2028.
National Highways senior project manager, Phil Boffey, said: “We’re delighted to have reached a major milestone in the development of the A46 Newark Bypass, with the appointment of Skanska to deliver this much-needed upgrade.
“This scheme will bring relief for the communities enduring the current congestion, as well as drivers using this key trade corridor.
“We are determined to ensure that, as far as possible, the improvements work for the community as a whole and will continue to consider the views of road users and local people as we work with Skanska in the design and delivery of this upgrade.”
Skanska won the project through the National Highways Regional Delivery Partnership (RDP) framework, for which it is a Delivery Integration Partner for the East of England and Midlands regions.
Leicestershire logistics warehouse acquired for £35m
Urban Logistics, the last mile logistics focused REIT, has acquired a Leicestershire logistics warehouse as part of a wider £90 million swoop.
The 249,211 sq ft logistics warehouse is two miles from the M1 at Beveridge Lane, Bardon. The purchase price paid was £35,385,000.
The unit is let to DHL Supply Chain Ltd on a lease expiring in 2027.
Richard Moffitt, Chief Executive, said: “During recent market volatility we have been deliberately patient in our deployment, and that patience has been rewarded by our ability to acquire these properties in prime locations on advantageous terms.
“Our occupational market, with its focus on supply chains for essential goods, remains strong with continued upward pressure on rents. We firmly believe that, at any stage in the property cycle, if we improve lease lengths we will see yield compression.
“We therefore see substantial potential valuation increases in these acquisitions, driven by our asset management plans.”
Bookings flood in for the East Midlands Expo
As bookings for the East Midlands Expo flood in, register to attend the event for free now!
Returning on Monday 14 November 2022, the established event of over 20 years offers an ideal day for networking and business generation, and is already seeing more bookings than last year.
Event organiser Tina King said: “It is great to see so many exhibitors and delegates engaging with networking and exhibiting again following Covid restrictions.”
The expo, for which Business Link is a proud partner, is well targeted and aimed at the construction, property, business, investment, finance, professional services and related B2B markets.
Taking place at the East Midlands Conference Centre, Nottingham, the exhibition will open to attendees at 9am, with a seminar taking place between 10:45am and noon.
A special networking lunch (for which tickets can be purchased here) will then take place between 12:15pm and 2:15pm, and the exhibition will close at 3:30pm.
From property agents to developers, architects, contractors, investors, PR firms, and more, see the list of current exhibitors here.
For more information on exhibiting at the event click here.
To register to attend the event for free click here.
To secure tickets for the networking lunch click here.
Netherfield-based educational resources supplier acquires online Scandinavian nursery brand
Educational resources supplier Findel has acquired online Scandinavian nursery décor, furniture and baby toys brand Scandibørn for an undisclosed sum.
The Netherfield-based company will use its ownership of Scandibørn to further expand its early years offer, which is a key element of the company’s future growth plans. By joining the Findel family of brands, Scandibørn will further strengthen the company’s ethos of supporting children and growing education for generations.
All Scandibørn’s 38 employees, including the company’s founder Grace Tindall, have transferred to Findel and the Scandibørn brand and website will continue as they are.
Findel Chief Executive, Chris Mahady, said: “Scandibørn is a leading online brand for 0–4-year-old babies and toddlers which provides us with the ideal platform for further growth within the early years marketplace.
“We are very pleased to welcome Scandibørn to the Findel family. We believe the brand has tremendous untapped potential and are confident we can realise it by creating sustainable profitable growth with the support that being part of Findel will deliver.
“We will work closely with the company’s existing suppliers to further evolve Scandibørn’s offer for the benefit of our customers and the children who are the ultimate benefactors of what we provide.”
Scandibørn was founded in 2016 and has its head office in Melton Mowbray. Findel’s origins as an educational resources supplier can be traced back to 1817. Today, its brands and websites offer more than 32,000 products to educators and parents based in the UK and overseas with the business exporting to 130 countries.
In addition to its distribution centre and offices in Netherfield, the company has its headquarters in Hyde, Greater Manchester, and employs around 300 people in total.
Scandibørn founder, Grace Tindall, said: “I am extremely pleased for us to become part of the wider Findel family of brands. We are all excited by the opportunities it brings to further enhance and grow the Scandibørn brand in the early years marketplace.”
Findel is backed by private equity firm Endless, which supported a management buy-out in April 2021.
Findel was supported on the transaction by law firm Walker Morris.
