The East Midlands is positioning itself for significant economic growth with a £4bn Government investment designed to support business expansion, job creation, and infrastructure development. The investment will focus on a series of key projects across the region, including the Hartington-Staveley site in Chesterfield, Infinity Park in Derby, and The Explore Park in Worksop, all of which aim to attract businesses and provide new opportunities for local economies.
This funding, managed by the East Midlands Combined County Authority (EMCCA), is guided by the newly formed Inclusive Growth Commission. The commission, led by the Royal Society of Arts, is tasked with ensuring the region’s development benefits a broad spectrum of its population. The commission’s recommendations, due for publication in September, will inform the EMCCA’s Local Growth Plan, which outlines how the region will contribute to national economic objectives.
The strategy also includes developing transport corridors, such as the Derby-Nottingham Trent Arc, and sustainable tourism, stretching from the Peak District to Sherwood Forest. These projects aim to create 100,000 jobs, build 52,000 homes, and boost the region’s economy by £4.6bn.
Local leaders, including Mayor Claire Ward, have emphasised the importance of inclusive growth, ensuring that people across the region, including those in rural and deprived areas, have access to well-paid, secure jobs. Public transport improvements, with the eventual transfer of responsibilities from local councils to EMCCA, are a central part of this vision.
The Mayor’s approach focuses on fostering a healthy, active population capable of seizing the opportunities generated by these investments. A key part of this strategy is collaborating with health organisations to address public health challenges, including mental health and economic inactivity, to ensure that more people can participate in the growing economy.
Franklyn Yates Engineering, a Derbyshire-based provider of mechanical and electrical services, has entered administration due to severe cashflow problems. Specialising in industries such as power, water, and energy from waste, the firm’s struggles stemmed from difficulties with a key contract, leading to financial instability.
The company’s joint administrators, Tyrone Courtman and Gareth Harris from RSM UK Restructuring Advisory, were appointed on July 15. They are now focused on liquidating the company’s assets to maximise returns.
Following the administration, 25 employees were made redundant, and the company’s future remains uncertain. In 2023, Franklyn Yates Engineering reported assets valued at £5 million and net assets just under £2 million.
The Greenbank Group, which owns Franklyn Yates, has confirmed that other businesses within the group remain unaffected and continue to operate normally.
A housing project on a former Nottinghamshire colliery site has been approved, following the finalisation of developer Harper Crewe’s community contribution agreements. The development will see the construction of 126 homes at the Clipstone Colliery site on Mansfield Road.
The plans include a mix of 88 open-market and 38 affordable homes, ranging from one to five bedrooms. The development will also retain the historic Clipstone Headstocks, listed by Historic England, which stand as a reminder of the area’s industrial past.
The approval, granted in October 2024, comes after developer agreements to invest in local infrastructure. These include £150,000 for bus service improvements, over £174,000 for community facility enhancements in Clipstone, and £90,000 towards special educational needs services to increase capacity. The project will also contribute £123,000 to improving local medical facilities.
Initially, Newark and Sherwood District Council’s planning officers raised concerns about parking, roads, and the proximity of the new homes to the Grade II listed headstocks. Despite these issues, the planning committee gave the green light to the project, citing the community contributions as a mitigating factor.
Clipstone Colliery, which operated from 1922 to 2003, was once one of Britain’s most productive coal mines, producing nearly one million tonnes of coal annually at its peak.
Businesses and workers in the East Midlands are set to benefit from the UK’s trade deal with India, according to the Government, as new analysis shows the agreement will deliver a £130m boost for the local economy.
Both Prime Ministers met yesterday morning for the signing of the UK-India trade deal, expected to bring a £4.8bn increase to UK GDP each year.
740 East Midlands businesses exported goods worth £130m to India last year, which could grow under the new deal. The region’s high value manufacturing and automation sectors, for example, could see a boost thanks to lower tariffs on advanced manufacturing goods and on importing Indian textiles.
Business and Trade Secretary Jonathan Reynolds said: “The millions brought to the East Midlands each year from the deal we’ve signed with India will be keenly felt across local communities, whether that’s higher wages for workers, more choice for shoppers, or increased overseas sales for businesses.”
The UK already imports £11bn in goods from India but liberalised tariffs on Indian goods will make it easier and cheaper. For businesses in the East Midlands, this could mean potential savings in the region’s established manufacturing sectors, including machinery, equipment and automotive components.
India’s trade weighted average tariff will drop from 15% to 3% which means companies in the East Midlands selling products such as luxury knitwear to India will find it easier to sell to the Indian market.
Aligned with the UK’s recent Industrial and Trade Strategies, the Government says the deal will support the sectors which drive the most growth for the economy – such as precision engineering and high-value manufacturing in the East Midlands – will offer significant opportunities for rail manufacturing – for which the East Midlands is globally recognised – and unlock opportunities for transport experts in the region.
Established in 1784 in Lea Mills, Derbyshire, John Smedley Ltd is a manufacturer and retailer of luxury knitwear who will benefit from liberalised tariffs on imports of Indian textiles.
Bill Leach, global sales director, John Smedley Ltd, said: “India is one of the fastest growing luxury markets in the world, and we are very excited about the UK- India Free Trade Agreement coming to fruition.
“John Smedley knitwear is already sold in over 50 countries around the world, and now that the FTA has been signed, we shall very much look forward to ensuring that an ever-increasing number of discerning luxury consumers in India will enjoy greater access to The World’s Finest Knitwear.”
Preparatory works are underway for the £20 million Automated Distribution and Manufacturing Centre (ADMC) in Ashfield.
It is hoped the ADMC will be a national centre of excellence for automation and the jewel of a £100 million Innovation and Technology Park, bringing employment opportunities to the area.
The 2,800 sq m centre will support businesses of all sizes to design and implement bespoke automation strategies, boosting productivity, competitiveness, and long term economic growth.
Before work can begin on the building, major alterations to a road junction need to be completed alongside other associated works. The roadworks are set to start in the coming weeks.
Ashfield District Council leader, Cllr Jason Zadrozny, said: “This ADMC will become a magnet for businesses who recognise the need to embrace new technology to drive growth and improve. It will provide a legacy for generations to come and one that will attract more high skilled jobs to Ashfield.
“Regeneration is hugely important for Ashfield and our ambition to grow the District’s economy. We’re excited about work beginning and I look forward to seeing the centre take shape in the coming months.”
Nottingham Forest Football Club has announced a new partnership with NOCO, which will become the official battery power product partner for the 2025/26 season. As part of the deal, NOCO’s branding will be prominently displayed at the City Ground during all Premier League and domestic cup matches next season.
NOCO, a company established in 1914, is renowned for its advanced battery power solutions. Its product range includes jump starters, tyre inflators, battery chargers, and lithium batteries, all designed to deliver reliable power for both personal and professional use.
This partnership aligns with Nottingham Forest’s ongoing efforts to partner with innovative and reputable brands. The deal also signals NOCO’s expansion into the UK football market, enhancing its visibility in a key sector. Both organisations are expected to benefit from increased exposure throughout the season, with NOCO playing a pivotal role in supporting the club’s growth on and off the field.
Pennine Healthcare has introduced a programme offering valuable employment opportunities to individuals nearing the end of their custodial sentences. By welcoming three ROTL (Release on Temporary Licence) workers into its cleanroom operations, the company is supporting community reintegration while strengthening its workforce. These placements provide the workers with essential skills development and help rebuild their confidence, contributing to their successful re-entry into society.
The success of this initiative has garnered attention from the Department of Health & Social Care, with a video produced highlighting the positive impact on both the workers and Pennine Healthcare. The initiative is also benefiting the company, with enhanced community engagement and a commitment to inclusive growth.
This move aligns with Pennine Healthcare’s broader strategy to foster social responsibility within the UK manufacturing sector. The company remains dedicated to creating diverse employment opportunities while contributing to the long-term sustainability of the medical device manufacturing industry.
A new deli and wine bar, run by a well-known family who traded in Derby markets for 60 years, has secured space in Mickleover, following a letting by commercial property consultancy OMEETO.
Lyndsey Morgan, who ran a delicatessen in the former indoor Eagle Market, is the man behind Brooks Deli and Wine Bar in Station Road. The family opened their first deli and wine bar in Ockbrook two years ago, but say their second site in Mickleover will be much bigger.
The new deli will be on the ground floor of the former Finewood Studio furniture shop. OMEETO completed the letting after the site was acquired by Derby’s MHL Commercial, which is sensitively refurbishing the site to create a hub for the community – including serviced offices, a Pilates reformer studio and an estate agency.
Chris Wright, OMEETO director, said: “Lyndsey from Brooks Deli is a well-known businessman in Derby, and we know that he’s going to bring something special to Mickleover.
“Residents in the village are excited to welcome the deli and wine bar to the area. We’ve all enjoyed the one in Ockbrook, so let’s see what the Mickleover deli will be like. What we do know, is that Lyndsey’s offering will be very well received in Mickleover, and exciting times are ahead this summer. Lyndsey has been a pleasure to work with, and we look forward to visiting.”
Brooks Deli and Wine Bar was set up by Lyndsey and his family after they left the Eagle Market. Expanding and opening in a second location was always Lyndsey’s plan and he had been searching for a suitable site.
Lyndsey’s dad, George, originally started the Morgan’s Sandwich Bar and Deli in Derby’s Market Hall in 1963. In 1988, the family-run businesses moved to the Eagle Market and traded under Lyndsey Morgan before he handed down the reins to his two sons, George and Thomas. They are now the third generation of the family to run the business.
Lyndsey said: “The building in Mickleover is a great location and we are very excited to be opening soon. The feedback we are receiving from people has been extremely positive and we really can’t wait to showcase the new site.
“After the success of the Brooks Deli and Wine Bar in Ockbrook, it is fantastic to be able to open a new venue in Mickleover.”
Tech firm Alton Valley has secured two major industry accolades, with the Pride Park-based company winning Managed Services Provider (MSP) of the Year (Up to £10m turnover) at the Technology Reseller Awards 2025, and Best IT Service at the 2025 Small Business Awards.
In addition to the company’s success, managing partner Carl Hamill narrowly missed out in winning Industry Leader of the Year at the Technology Reseller Awards.
Earlier this year, the firm announced record-breaking financial results, reporting a £7 million turnover and quadrupling its revenue over the past three years.
“This is a fantastic way to celebrate what’s already been an incredible year for our team and our clients,” said Carl Hamill. “Winning MSP of the Year and being named runner-up for Industry Leader is recognition of the passion, skill and dedication that defines everything we do. We’re proud of how far we’ve come – but even more excited about what’s next.”
“These awards are a reflection of our entire team,” added Carl. “From our engineers to our support staff, everyone at Alton Valley shares a commitment to delivering real value for our clients. We’re building something special here and this recognition helps validate that we’re on the right path.”
With the nomination deadline (Friday 15th August) drawing nearer for the East Midlands Bricks Awards 2025, last year’s winners have reflected on the prestigious event and are encouraging others to enter.
Attracting leaders from across the region, the 10th annual celebration of the property and construction industry is the perfect way for firms to raise their profile, reward teams, showcase successes and promote the work they are completing, all while reaching our audience of over 60,000 business readers and connecting with respected professionals.
It’s an opportunity to showcase exceptional new commercial and residential developments, those demonstrating a leading position in sustainability and design excellence; gain recognition as outstanding developers, architects, contractors, and agents, as well as for significant deals; and ensure efforts in corporate social responsibility are rewarded, from eco initiatives to charity work, to social value schemes.
Making a nomination is completely free – with finalists also winning free tickets to the awards ceremony.
See what last year’s winners had to say below:
Lee Parry, MD for Vistry East Midlands, which won Developer of the Year in 2024, shared: “It was a real honour to be given the title of Developer of the Year at the East Midlands Bricks Awards in 2024. These awards celebrate all that is good in property and construction across our region, and I’d encourage everyone to get involved to show how your business is making a difference in the sector.”
Russell Rigby, managing director at Rigby & Co, which took home Most Active Agent, said: “It is a real thrill and boost to be awarded the Most Active Agent of the Year award at the 2024 Bricks! The ceremony, and the award, generated a great deal of PR / media profile, which was very very helpful, and it also served as a great motivational boost to the team at Rigby & Co. I would encourage firms to enter and have a go!”
John McCay (right) hands over the Sustainable Development of the Year award to Clare Swaine and Ian Taylor of Henry Brothers Construction at the East Midlands Bricks Awards 2024
Sustainable Development of the Year winner, Henry Brothers Construction added: “We were absolutely thrilled to pick up the award for Sustainable Development at the East Midlands Bricks last year for Alfreton Park School. This was a very special project to us, which will have a lasting impact on the local communities, and we were so pleased that this was recognised by the judges. It was great to attend such an informal and relaxed networking & awards evening.”
Architects of the Year winner, Matthew Montague Architects stated: “Winning a Bricks Award was a real highlight for our team. It’s a great feeling to have your work recognised by others in the industry — and the event itself is such a positive celebration of what’s being achieved across the region. We’d absolutely encourage others to put themselves forward.”
Tom Sewell, regional director at Stepnell, Responsible Business of the Year winner, said: “Winning the Responsible Business award at the 2024 East Midlands Bricks Awards was an incredibly proud moment for the Nottingham team at Stepnell, recognising our dedication to responsible practices and commitment to sustainable development in the region. The awards are a fantastic opportunity to connect with others in the industry and celebrate regional excellence. I would wholeheartedly encourage businesses from across the East Midlands property and construction landscape to get involved.”
Robert Maxey of heb Surveyors is handed the Deal of the Year award by Simon Prescott of Tutum Consulting at the East Midlands Bricks Awards 2024
Robert Maxey, partner at heb Surveyors, last year’s Deal of the Year winner, commented: “It was an honour to take home the Deal of the Year award at the East Midlands Bricks Awards 2024, especially because the other nominees in the category were so strong! It was extremely pleasing to see recognition of our team’s efforts and the event provided a great boost to morale. Celebrating excellence in our region’s property and construction sector, and offering a great chance to catch up with local professionals, I’d encourage other businesses to get involved with an entry, to showcase your business and the impact it is making in the industry.”
Michael Sims, Managing Director of Clegg Construction, Contractor of the Year winner, reflected: “We were thrilled to have won Contractor of the Year at last year’s Bricks Awards — a fantastic event celebrating the achievements of the construction industry within the East Midlands. Huge thanks to Business Link for putting together such a memorable night, and to our amazing team and clients for their continued support!”
Richard Evans of Distinctive Developments, who took home the awards for Residential Development of the Year, Excellence in Design and Overall Winner, said: “We were delighted to win not just one but three awards from East Midlands Bricks at last year’s awards event. For a small business like ours, recognition and endorsements of the quality of our work make all the blood, sweat and tears that go into development and construction, worthwhile.”
Tim Hubner of G F Tomlinson and Nick Pettit of Lincoln College Group receive the Commercial Development of the Year award from Chris Sharman of Global HSE Group at the East Midlands Bricks Awards 2024
Adrian Grocock, Group Managing Director at Commercial Development of the Year winner G F Tomlinson, said: “It’s a fantastic awards event that we enjoy being part of and have had previous success, including winning the Commercial Development of the Year for the Air and Space Institute in Newark last year and receiving the accolade of Overall Winner from all the categories a few years previous. The East Midlands Bricks Awards brings together hard-working individuals and colleagues to celebrate all that is good in the local construction industry, and we are proud to have been recognised amongst our peers for our work in the region. We congratulate the Bricks team on the 10th year anniversary of the awards.”
To nominate your (or another) business/development for the East Midlands Bricks Awards, please click on a category link below or visit this page. Entry is free – with finalists also winning free tickets to the awards ceremony.
Categories include:
All finalists will have the chance to take home the Overall Winner award, which this year comes with a grand prize of a year of marketing/publicity worth £20,000, with the opportunity to split or gift the marketing to a charity of your choice.
Nominations will close on Friday 15th August.
New for this year, all entrants will also have the opportunity to be featured on our dedicated nominee showcase on the East Midlands Business Link website, providing space for marketing your achievements.
Winners will be revealed at a glittering awards ceremony on Thursday 2nd October (4:30pm – 7:30pm) at the famous Trent Bridge Cricket Ground – an evening also offering an opportunity to establish new connections with property and construction professionals from across the region over nibbles and complimentary drinks.
Attendees will additionally hear from keynote speaker Councillor Nadine Peatfield – Leader of Derby City Council, Cabinet Member for City Centre, Regeneration, Strategy and Policy, and Deputy Mayor of the East Midlands.
The East Midlands Bricks Awards 2025
What: The East Midlands Bricks Awards 2025
When: Thursday 2nd October (4.30pm – 7.30pm)
Where: Derek Randall Suite,Trent Bridge Cricket Ground, Nottingham
Keynote speaker: Councillor Nadine Peatfield – Leader of Derby City Council, Cabinet Member for City Centre, Regeneration, Strategy and Policy, and Deputy Mayor of the East Midlands
Tickets: Available hereDress code: Standard business attire
Thanks to our sponsors:
Listed companies in the Midlands issued 14 profit warnings in the first half of 2025, one fewer than the same period last year, according to the latest EY-Parthenon Profit Warnings Report.
Companies in the region issued seven warnings in the second quarter, the same as Q1 and one more than Q2 2024, when six warnings were issued.
Nationally, the number of profit warnings issued by UK-listed companies in Q2 2025 rose by 20% to 59 compared to the 49 issued during the same period last year. Over the last 12 months, nearly a fifth (19%) of UK-listed businesses have issued at least one profit warning.
Industrials and Construction sectors lead Q2 warnings
The FTSE sectors with the highest number of profit warnings in the Midlands during Q2 2025 were Industrial Support Services – which includes business service providers, industrial suppliers, and recruitment companies – and Construction and Materials, with two warnings each.
Construction and Materials also had the highest number of warnings in the Midlands for the first half of the year, with three in total.
Dan Hurd, EY-Parthenon turnaround and restructuring strategy partner in the Midlands, said: “While the region experienced a slight decrease in total warnings in the first half of 2025 compared to last year, the consistency of seven warnings in Q2 signals persistent volatility.
“The fact that the Construction and Materials sector led the warnings in the Midlands, with three in total, highlights the specific challenges facing these industries. This trend reflects a broader national narrative, where a significant rise in profit warnings indicates that many UK-listed companies are navigating turbulent waters.
“The concentration of warnings in sectors such as Industrial Support Services and Construction underscores the diverse pressures businesses are facing. This mix of performance suggests that while some companies are adapting to the current economic conditions, others are still struggling to find their footing.
“Emphasizing strategic flexibility will be vital for those seeking to maintain growth and manage risks in an increasingly challenging market environment.”
The leading factor behind profit warnings during the second quarter was policy change and geopolitical uncertainty, cited in nearly half (46%) of warnings. This marked a significant increase from just 4% in Q2 2024, and the highest percentage recorded for this cause in more than 25 years of EY’s analysis.
The proportion of profit warnings to cite contract and order cancellations or delays in Q2 remained at a record 40%. One in three warnings (34%) cited tariff-related impacts, including weaker demand, supply chain disruption, and exchange-rate volatility.
Jo Robinson, EY-Parthenon partner and UK&I turnaround and restructuring strategy leader, added: “The latest profit warnings data reflects the scale of persistent uncertainty and how heavy it continues to weigh on UK businesses. While this uncertainty has been a recurring theme since mid-2024, it has intensified so far this year – driven largely by geopolitical tensions and policy shifts – compounding pressure on both earnings and forecasts.
“While the announcement of global tariffs has clearly played a part in amplifying uncertainty, they are just one factor among broader geopolitical and policy upheaval. These pressures are often interlinked and, combined, they are having a significant effect on companies’ confidence, decision-making and spending.
“Whether the rise in profit warnings is cyclical or structural remains to be seen, and we still expect earnings pressure to ebb and flow with the macroeconomic backdrop. As companies operate in a risk and forecasting environment that is challenging to navigate, they must adopt a measured, scenario-based approach that balances both agility and strategic clarity.”
The National Infrastructure & Service Transformation Authority has unveiled an updated Infrastructure Pipeline, which includes significant investment for rail projects in the East Midlands. A total of £50bn is earmarked for 29 rail schemes over the next decade, with several key initiatives in the East Midlands, such as capacity improvements and electrification. These efforts are part of a broader £530bn infrastructure programme, encompassing 780 projects across the UK.
The pipeline, published on July 17, provides an overview of current and future rail developments but does not introduce new policies. It aims to help supply chain businesses plan for future demand and invest in necessary skills and capacity. Notable projects in the East Midlands include the electrification of the Kettering to Wigston line and the ongoing East Coast improvements.
The release of the pipeline has been welcomed by industry leaders, who see it as a step towards more stable, long-term infrastructure planning.
East Midlands business leaders have confidence in the strength of the economy and in the growth expectations for their own business – despite high operating and people costs and the expectation of additional taxes later this year, according to data from Grant Thornton UK’s latest Business Outlook Tracker.
Key indicators from the survey of East Midlands mid-sized businesses show that business leaders are optimistic about the UK economy, with 88% of respondents expressing a positive outlook.
Though UK labour statistics in June reported falling vacancies and increased unemployment – recruitment investment intentions remain strong, with 88% of businesses expecting to either increase or maintain investment in recruitment over the next six months.
Mid-market businesses regard high operating and staffing costs as a significant challenge, potentially exacerbated by the increases in employer National Insurance and National Minimum Wage contributions introduced in April.
Among East Midlands respondents, 80% said these changes had caused them to reduce or freeze hiring, and 78% said they had to cut jobs. The majority (82%) also expect further tax increases before the end of the year.
Despite these pressures, businesses feel supported by government strategy: 86% of respondents agree government policy promotes economic stability; 72% agree government policy supports business growth; 78% agree that the Industrial Strategy will support the growth of their business; 90% of the mid-market businesses expect revenue growth for the next six months to remain steady; 70% expect profits to increase in the next six months.
The positive outlook aligns with findings from Grant Thornton’s East Midlands 200 2025 report, which tracks the region’s fastest-growing companies. These 200 businesses have collectively generated over £10 billion in revenue and achieved an average profitability growth of 33%, demonstrating the region’s underlying economic strength.
Matt Buckingham, practice leader for Grant Thornton UK in the Midlands, said: “East Midlands businesses have grown used to operating in uncertain conditions. From Derby’s advanced manufacturing to Nottingham’s thriving tech and life sciences sectors, the region continues to push forward despite ongoing pressures – from global trade disruptions to shifting domestic policies.
“That’s not to say it’s without difficulty. Rising costs, particularly following April’s National Insurance and Minimum Wage increases, remain a concern. And while there’s a sense of cautious optimism around government direction, many anticipate further tax burdens ahead.
“Still, the region’s businesses are pressing on with plans for growth. Recruitment remains a priority, and we’re seeing firms respond with agility – reviewing pay structures, managing pricing, and investing strategically to maintain performance.
“These trends are evidenced in our East Midlands 200 2025 report, which highlights the strength and determination of the region’s fastest-growing companies. Despite continued headwinds, the East Midlands’ entrepreneurial spirit is clearly as strong as ever.”
Warner’s Distillery, a farm-grown spirit company based in Northamptonshire, has secured a significant partnership with La Martiniquaise-Bardinet, one of France’s largest spirits groups.
The partnership sees La Martiniquaise-Bardinet acquiring a majority shareholding in Warner’s Distillery.
With the backing of the spirits house, Warner’s will maximise the potential of their portfolio in UK and global trade.
Warner’s, known for flavoured gin and farm-grown botanicals, will continue to operate under the leadership of founders Tom and Tina Warner, ensuring the brand’s core values and operations remain intact.
Tom Warner, co-founder of Warner’s Distillery, said: “This partnership allows us to stay true to our roots, creating incredible drinks with real purpose, while giving us the strength to scale that mission globally.”
Fellow co-founder Tina Warner-Keogh added: “La Martiniquaise-Bardinet shares our unique United in Spirit values driven by a commitment to quality, authenticity, people and planet. We couldn’t ask for a better partner to help us take Warner’s to the next level.”
For La Martiniquaise-Bardinet, the partnership brings a dynamic new brand into their global portfolio, which includes spirits brands such as Glen Moray Speyside Single Malt Scotch Whisky, Bardinet Brandy, Cutty Sark Blended Scotch Whisky and St James Rum.
Christophe Pichambert, international director for La Martiniquaise-Bardinet, said: “We are very proud to see Warner’s Distillery join the LMB group of companies alongside our portfolio of internationally renowned brands.
“Warner’s Gin is a true gem of the English craft gin landscape with its farm-grown and distilled botanicals. Our goal will be to help Tom and Tina bring their wonderful spirit to the world, with respect for their pioneering spirit and exceptional passion.”
Warner’s were advised through the process by Brodersen & Co, Browne Jacobson LLP & Mike Hughes Advisory. La Martiniquaise-Bardinet were advised by Cortus Financial Advisors & Paris-Smith Solicitors.
Sam Sharp, partner at Browne Jacobson, said: “This is a significant milestone for Warner’s Distillery, enabling them to drive their business both in the UK and internationally, while continuing to innovate within the spirits industry. It was a pleasure to give our expertise in the industry to help another British brand expand globally.”
Breedon Group’s shares dropped over 7.5% on July 23 after the company issued a trading update, warning that its full-year results are expected to fall at the lower end of market forecasts.
The construction materials firm posted a 7% increase in total revenue, reaching £815.9 million, largely due to its March acquisition of US-based Lionmark. However, like-for-like revenue and underlying EBITDA saw a decline of 3% in the first half of the year.
Profit before tax dropped by 25%, settling at £34.9 million, with EBITDA margins shrinking by 130 basis points to 14.1%. The company cited weak market conditions in the UK and adverse weather conditions in the US as factors contributing to the downturn.
Despite these setbacks, Breedon remains optimistic about the long-term outlook, citing major infrastructure programmes in the UK, Ireland, and US that will continue to support demand. The company is also focusing on strategic acquisitions in the US, where it sees significant potential in infrastructure-driven growth.
Concentrix Corporation has relocated to new offices at Cardinal Square in Derby.
The business has taken over 6,000 sq ft within Nurton Developments’ landmark office scheme, relocating its people just a short distance from its previous base.
The relocation is part of Concentrix’s continued commitment to the city. The newly leased space has undergone a significant fit-out to create a modern and accessible working environment, with Luke Torr, associate director, UK region real estate explaining: “The central Derby location was key to our decision.
“Cardinal Square not only allows us to maintain our roots, but also provides a high-quality, modern workspace that embraces an inspiring workplace culture.
“The hidden green oasis at the heart of the scheme complete with table tennis, pétanque, and outdoor meeting pods adds immense value by promoting wellbeing and supporting our goal to attract and retain talent.
“By choosing Cardinal Square, we were able to continue to anchor our presence in Derby, offering seamless access to excellent local amenities that enhance employee lifestyle. As we settle into this innovative space, we look forward to fostering an environment that propels our people forward.”
David Dyas, asset director at Nurton Developments, said: “We’re delighted to welcome Concentrix to Cardinal Square to help retain them in the city.
“We’ve struck up a really good working relationship and their decision to relocate here reflects our flexible approach to securing lettings and the ongoing demand for well-situated, high-specification office space in Derby.
“Their new offices offer room for growth and reflect their global status as an innovative and forward-thinking business who is willing to invest significantly in the future of the company and its people.”
Darran Severn of FHP Property Consultants, who acted as joint letting agent on the deal alongside Innes England, added: “There is a definite drive from occupiers seeking better quality office space across the city of Derby.
“Within the last nine months we have let over 13,000 sq ft within Cardinal Square to local Derby businesses and we have a further 2,271 sq ft currently under offer, with space for further companies looking for room to grow.”
Contractor Henry Brothers Construction has been appointed to build the new Broad Marsh Community Diagnostic Centre (CDC) in Nottingham, where enabling work is due to start on Lister Gate at the end of this month.
This key stage in the programme follows the formal signing of contracts between Homes England – the new landlords of the site – and Nottingham University Hospitals NHS Trust (NUH) – who will run and staff the centre.
The new NHS facility is one of a number of CDCs being funded by the Department for Health and Social Care, which aim to improve population health outcomes and efficiency, as well as reduce waiting times and health inequalities.
Ian Taylor, MD of Henry Brothers Construction, said: “Henry Brothers Construction is proud to have been appointed as part of the team delivering the new Community Diagnostic Centre which is being created in the heart of the Broad Marsh regeneration development in the centre of Nottingham.
“Henry Brothers has wide experience of delivering exciting public sector schemes in the health sector and we look forward to working closely with Nottingham University Hospitals NHS Trust to develop this CDC which will play an important role in reducing the backlog of patients waiting for diagnostic tests.”
Arup are the structural and civil engineers on the scheme, which has been designed by Leonard Design.
The CDC will open in 2026 and once at full capacity will provide up to 140,000 appointments annually. It is also expected to create 75 new jobs across a range of disciplines including consultant radiologists, radiographers, imaging assistants, physiologists and administrators. When the unit is at full capacity it will employ 135 staff.
An unexpected month-on-month dip in the number of corporate insolvencies in England and Wales is bringing respite to East Midlands businesses and signals hope that the summer months will bring a significant boost to trade.
This is according to the Midlands branch of the UK’s insolvency and restructuring trade body R3, and comes on the back of latest figures published by the Insolvency Service which show that corporate insolvencies decreased by 8.4% in June to a total of 2,043, compared to May’s total of 2,230, and fell by 15.9% compared to June 2024’s figure of 2,430.
R3 Midlands chair Stephen Rome, a partner at law firm Penningtons Manches Cooper in the region, said: “For the first time in many months we have seen a reduction in corporate insolvencies, now dipping to their lowest level for June since 2022.
“While a single month of data does not indicate a long-term trend, it may signal that some directors are holding back from taking formal action for now, either due to improvements in trading conditions or in the hope that the summer months will bring a sizeable increase to their business.
“It should be borne in mind, however, that the broader economic mood remains subdued. Businesses and households alike are low in confidence and, as a result, key decisions are on hold and a “wait and see” attitude is being adopted.
“With GDP growth declining for the second month in a row in May, and unemployment levels recently increasing, it remains to be seen how this economic trend will impact our region over the longer term.
“R3’s message to anyone who is worried about finances is to seek advice as soon as possible. We’ve seen countless examples of businesses reaching out too late – so many of them could have achieved a more positive outcome if they had acted sooner.
“Most R3 members will give prospective clients a free initial consultation to learn more about their situation and outline the potential options open to them to improve it.”
Market Harborough Building Society (MHBS) has appointed John Vickers as its head of savings and branch operations – a newly created role.
John joins MHBS with extensive experience in financial services, having led customer-facing teams and operational functions across the sector.
In his new role, he will be responsible for overseeing the Society’s community-based branches across Leicestershire and Northamptonshire, it’s contact centre, and back-office operations. He’ll work closely with colleagues to enhance the Society’s savings proposition.
He will also play a key role in growing the Society’s presence through local engagement and its Thrive! programme, which focuses on giving back through projects that support customers and strengthen communities.
John said: “I’m delighted to be joining MHBS at such a pivotal time. The Society has a strong reputation for putting members at the heart of everything it does. I’m looking forward to building on that foundation, reinforcing our local presence, developing meaningful partnerships, and continuing to deliver a first-rate service.”
Demand from third-party logistics (3PL) providers continued to underpin the UK industrial market in the first half of 2025, with 3PLs accounting for 59% of all big-box take-up, totalling 6 million sq ft of grade-A space, and predominantly choosing the Midlands region.
New research from real estate consultancy Avison Young highlights the resilience of the logistics sector, with 3PL take-up levels just 2% below the five-year average, despite wider economic uncertainty.
The Midlands remains the most active region, capturing 61% of 3PL leasing activity in H1 2025, reaffirming its position as the UK’s logistics heartland. Since 2021, nearly three-quarters (74%) of all 3PL space has been taken in the region, underlining its long-term appeal for large-scale occupiers.
Across the wider market, prime headline rents continue to rise, particularly in the Northwest, Southwest and Scotland, where average increases reached 4% over the period.
Looking at longer-term trends, 3PLs have accounted for 43% of all UK big-box take-up over the past five years, totalling 31 million sq ft. The top ten 3PL providers alone account for 12.2 million sq ft, or 39% of that total, reflecting the scale and continued importance of the sector’s largest operators. Among the most active is DHL, while Amazon’s footprint in the period stems from a single, large-scale transaction.
David Willmer, managing director, industrial at Avison Young, said: “While macroeconomic headwinds persist, the fundamentals of the logistics market remain strong. We’re seeing sustained demand from 3PLs for modern, well-located space, particularly in the Midlands, which continues to lead the way.
“Headline rents are holding firm, with prime rents rising by an average of 4% in the Northwest, Scotland and the Southwest, reflecting continued confidence in key regional markets. The sector continues to present opportunity for both landlords and occupiers.”
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