Blueprint Interiors invests in team
Topps Tiles sees sales growth but warns of £4m cost increase
Topps Tiles reported a 4% increase in sales to £127.7 million for the six months ending March 29, driven by strong March trading. The company noted a slowdown in January but saw improvement through the quarter, with underlying growth accelerating from 3.3% in Q1 to 4.4% in Q2.
Trade sales were a key driver, with total trade revenue for the Topps Tiles brand rising 12% yearly. The number of active traders grew by 11% to 146,000. In contrast, homeowner sales remained weak as consumers remained cautious about major home improvement spending.
The company expects an additional £4 million in costs due to rising wages and national insurance contributions.
Topps Tiles is also appointing a new CEO after Rob Parker announced his departure in January.
Management remains focused on strategic initiatives, including expanding digital services for trade customers and broadening its product range, to support future growth.
Leicester council plans £2.1m cuts to libraries and community centres
Leicester City Council has outlined plans to reduce costs by £2.1 million by restructuring library and community centre services. The proposal includes transferring 11 facilities to community organisations while retaining 12 sites as “multi-service centres” and keeping the city’s Central Library.
The council cited severe budget pressures, stating it must save £23 million to balance its finances. While job losses are possible, no specific redundancy figures have been provided.
Under the plan, several neighbourhood and recreation centres—including Belgrave, Coleman, Netherhall, Braunstone Frith, and Rushey Mead—could be transferred to external groups. Libraries in Evington, Knighton, and Rushey Mead, along with the Tudor Centre, Eyres Monsell Community Centre, and Gilmorton Community Rooms, are also under consideration for transfer.
With its library relocated, the St Matthew’s Centre may close, while the Fosse Neighbourhood Centre in Newfoundpool could be sold. The council plans to invest £1 million in the 12 sites it will retain, with five locations—including Beaumont Leys Library Hub and Highfields Library Hub—set to operate with staff hours 40 per week. Additional self-service hours will be available at select locations. Seven other sites, including Aylestone Library and Westcotes Library Hub, could operate for 30 hours per week.
The public consultation on the proposals runs until 29 June. Assistant Mayor Vi Dempster stated that while the services are highly valued, financial constraints require operational changes. She encouraged residents to participate in the consultation process.
A government spokesperson acknowledged councils’ financial challenges, highlighting a £69 billion funding allocation for local authorities across England, including a potential £35.6 million increase for Leicester City Council.
Motorpoint hails “strong return to profitable growth”
Motorpoint Group, the independent omnichannel vehicle retailer, has hailed a “strong return to profitable growth” in a trading update for the year ended 31 March 2025.
The Derby business expects to report a profit before tax for the year within the ranges of £4m to £4.3m, representing significant improvement on a £10.4m loss in the prior year.
In early December the firm opened its 21st store, in Norwich.Motorpoint has also announced a share buyback to repurchase up to 3m ordinary shares, with an aggregate purchase price of no more than approximately £4m.
Mark Carpenter, Chief Executive Officer of Motorpoint Group PLC, said: “Having returned to profitability in the first half of FY25, I am very pleased with our performance across the full year, delivering profitable growth and significantly outperforming the wider used car market.
“We recommenced our new store opening programme with the Group’s 21st store opening in Norwich in December 2024. Notwithstanding the ongoing consumer and macroeconomic environment, Motorpoint is in a strong position to grow further, and I am cautiously optimistic for the FY26 outlook.
“I am also pleased to announce a further share buyback programme, following the successful completion of last year’s £5 million buyback. This reflects both our ability to generate strong cash flow whilst achieving sustainable growth, and our focus on delivering attractive returns to shareholders.”
Ash & Lacy strengthens position in automotive industry with Vestatec acquisition
Haines Watts sells trio of East Midlands offices to TC Group
East Midlands industrial landmark ready to welcome back manufacturing
Dains relocates Nottingham office to support East Midlands growth
Dains Accountants is moving its Nottingham office to Cubo, Standard Court, starting 1 April 2025. The move follows the end of its lease at Butt Dyke House and aligns with the firm’s strategy to expand its presence in the East Midlands.
The new location, part of a redevelopment of the former Nottingham General Hospital site, offers modern office space to support collaboration and flexibility. It also provides improved transport links and energy-efficient facilities, reinforcing the firm’s sustainability efforts.
Colin Peacock, Partner at Dains Nottingham, said the move reflects the firm’s commitment to growth and creating a high-quality environment for employees and clients. The new office will host client meetings, workshops, and networking events, strengthening engagement with local businesses.
Dains, established in 1926, advises private companies, SMEs, and entrepreneurs. The Nottingham relocation is part of its broader effort to invest in workspaces that attract top talent and support evolving client needs.
Council plans land purchase to support new food waste collection service
Derby City Council is considering purchasing a 7.5-acre brownfield site on Stores Road to accommodate infrastructure for a new weekly food waste collection service, set to launch in April 2026. The land will house a Highways Hub, freeing up space at the existing depot, which is already operating at capacity. The purchase is part of the Stores Road Depot Scheme under the Council’s Capital Programme.
Under new ‘Simpler Recycling’ regulations, local authorities must introduce separate weekly food waste collections. Derby currently provides fortnightly collections mixed with garden waste. To meet the new requirements, £1.6 million in capital funding from Defra will support the purchase of 14 collection vehicles, food waste caddies, and staff. An additional £500,000 in revenue funding will be provided in March 2025 to assist with public awareness efforts.
The new service aims to improve waste management efficiency, reduce disposal costs, and increase recycling rates. Food waste collected in caddies will be processed separately rather than sent to landfills. As the council develops the service, businesses involved in waste management, transport, and infrastructure may see contract opportunities.
Travis Perkins reports £77m loss, plans strategic overhaul
Travis Perkins has posted a £77m pre-tax loss for the year ending December 2024, reflecting tough market conditions and declining demand. Revenue fell by 4.7% due to weaker performance in its Merchanting division, as the construction sector struggled with high inflation, interest rate hikes, and reduced consumer confidence.
In response to these challenges, CEO Pete Redfern stepped down in March 2025 due to health issues, with chair Geoff Drabble taking over leadership on an interim basis. Drabble highlighted the urgent need for the company to refocus its operations, particularly in customer engagement and supplier relationships, to regain trust and better align with market demands.
Despite the ongoing challenges, Drabble is optimistic about the future. With the right leadership and a clear customer-centric strategy, Travis Perkins is well-positioned to capitalise on a potential recovery in the construction sector. The company will focus on efficient capital use, strengthening its core advantages, and re-engaging with the workforce to meet future demand.