Label manufacturer acquired out of administration

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Schades, a supplier of POS rolls and labels, and subsidiary of Harbour Investment GmbH in Germany, has acquired Hamilton Adhesive Labels (HAL) out of administration.
HAL, a Leicestershire-based private label manufacturer, has been working with brands across the UK and Europe for over 32 years, including some of the largest household brands.
Schades will acquire all assets, including inventory, intellectual property and customer contracts.
Schades intends to make the necessary investments to further strengthen HAL’s competitiveness and expand its sales and manufacturing capabilities.
Jack Hugill, Managing Director of Schades Ltd, said: “We are delighted to welcome Hamilton Adhesive Labels to the Schades family. This acquisition is a significant opportunity to strengthen our position in the label manufacturing market and deliver greater value to our customers.”
Jun Park, CEO of Schades Group, said: “We are very pleased because the Group is implementing a long-term transformation strategy to drive sustainable growth and the acquisition of HAL is a strategic fit, delivering significant synergies with our existing UK operations and strengthening the Group’s label business capabilities. “We made this acquisition through exceptionally quick process with our own resource and strengths.”

UK roadshow to visit West Northamptonshire’s small businesses

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Small businesses in West Northamptonshire will be put on the map by the Small Business Saturday campaign later this year, after plans were announced to bring its next national roadshow to the area this autumn. The Tour will visit local businesses in Northampton on Monday, 18 November 2024 as part of a month-long journey across the UK, telling the inspirational stories of the UK’s 5.5 million small businesses and spotlighting the real people and communities behind them. Supported by BT, the Tour will visit small businesses in over twenty UK towns and cities, undertaking ‘behind-the-scenes’ style scenes, interviewing local business owners and sharing these across social media. The Tour marks the official countdown to Small Business Saturday later in the year on 7 December. A grassroots, non-commercial campaign, Small Business Saturday celebrates small business success and encourages consumers to ‘shop local’ and to support businesses in their communities. Running for over a decade the campaign is backed by principal supporter American Express and has engaged millions of people and seen billions of pounds spent with small businesses across the UK on Small Business Saturday. Cllr Daniel Lister, Cabinet Member for Local Economy, Culture and Leisure at WNC, said: “We are so proud to be working with Small Business Saturday UK to bring a focus on West Northants and it is fantastic that our local businesses will be recognised by the national Small Business Saturday campaign. “This is a fantastic opportunity to showcase the unique and diverse businesses that make our community vibrant and thriving. Small businesses are the backbone of our local economy, and campaigns like this highlight their invaluable contribution. This is why we are so dedicated to supporting every local enterprise & providing funding to enable inclusive, sustainable growth across all of West Northants. “We encourage everyone to join us in celebrating and supporting these businesses, not only on 7 December, but throughout the year. Let’s continue to ‘shop local’ and ensure the success and growth of our small business community.” Alongside the roadshow, the campaign will also offer a month of dedicated free online support for small businesses in the UK. This includes daily webinars and mentoring covering a wide range of relevant topics, as well as insight sessions with small businesses and industry experts. Michelle Ovens CBE, director of Small Business Saturday UK, said: “Small Business Saturday has always been about supporting and celebrating the UK’s fantastic entrepreneurs and the amazing contribution they make to local communities all across the UK. “Small businesses sit at the heart of communities like West Northants forming the cornerstone of local economies. We are really excited to have Small Business Saturday’s Tour visit the area and shine an important light on all the fabulous small businesses here, as well as all across the UK, bringing to life their brilliant and unique stories and impact.” Travelling over 3,000 miles The Tour will make use of electric vehicles to reduce emissions and reflect the sustainable switches many small business owners are making, as part of their vital role in the race to net zero. Chris Sims, BT’s Managing Director for Small and Medium Enterprise, said: “Given the massive role that small businesses can play in helping to boost the UK economy it’s important that we give Britain’s entrepreneurs all the support they need to succeed. “The Tour is a brilliant way for small businesses across the country to get tailored support around growing their capability for the future. We are delighted to be supporting this effort once again, through our Skills for Tomorrow offering, which has helped over one million entrepreneurs grow their small businesses with free digital skills training.”

Council sets sights on key puzzle piece to deliver vision for Greyfriars, Northampton

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West Northamptonshire Council (WNC) has taken an exciting step forward in delivering its ambition for the future of Greyfriars as it seeks to purchase the Corn Exchange. The Corn Exchange has stood empty in the heart of Northampton Town Centre for more than a decade. Many people enjoyed spending time at the former Cinema then Chicago Rock Cafe before closing its doors. WNC has worked with local residents and businesses through a two-stage public consultation to deliver the ambitious vision for Greyfriars. The 14-acre area is set to amplify a forgotten piece of the town into a new neighbourhood which will encompass multi-generational living, dedicated green space and entertaining space, while improving connectivity to the town centre with improved transport routes. The vacant Corn Exchange sits at the heart of the Greyfriars masterplan, providing a direct link between the new activities at Greyfriars and the core town centre, currently the Greyfriars area is severed off from the town centre and effectively an island. If the acquisition is successful and plans are approved, the Corn Exchange will be a cultural anchor for the Greyfriars project, creating a new performance and creativity hub and leisure destination, attracting significant footfall and investment into the town. Cllr Dan Lister, Cabinet Member for Local Economy, Culture, and Leisure at WNC, said: “We are passionate about transforming Northampton Town Centre into a vibrant hub where everyone across West Northamptonshire and beyond can shop, dine, and enjoy all that the area has to offer. The acquisition of the Corn Exchange is a pivotal step in the ambitious regeneration of the 14-acre Greyfriars site. “This long-neglected property, vacant for over a decade, occupies a key spot overlooking the soon-to-be revitalised Market Square and backing directly onto the Greyfriars site. We’re excited to move forward with this purchase, bringing it into our bold vision for Greyfriars, and breathing new life into the building as a dynamic community venue that will once again serve and inspire the local community.” The proposals to purchase the Corn Exchange will be considered by WNC’s cabinet on 17 September, and if approved for recommendation will be presented by WNC’s full Council on 26 September.

JD Sports warehouse to close in Derby

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Almost 200 jobs have been lost at a JD Sports warehouse on Derby Commercial Park, following the decision to close the distribution centre. Staff were told on Friday that they were being let go following a six week consultation period, according to BBC reports. A process is said to be in place to see if there are alternative roles within the business for employees affected. It follows the retailer signing a 20-year lease on the 514,000 sq ft distribution centre just three years ago.

Elsewhere in Derby, it was recently announced that JD will more than double the size of its existing 9,397 sq ft presence at Derbion. Set to open towards the end of this year, the new 20,175 sq ft flagship store will showcase brands including Nike, Adidas, The North Face, Jordan and EA7.

Focus presents £6,000 to BASE 51 after Yorkshire 3 Peaks Challenge

Multi-disciplinary consultancy Focus has handed over £6,000 to Nottingham-based charity BASE 51 after completing the Yorkshire 3 Peaks Challenge. The company undertook the challenge as part of Focus’s 30th anniversary celebrations. Founded in Nottingham in 1994 and now with offices in London and Leicester, the Focus team wanted to mark the occasion by helping a local charity. The donation will support BASE 51’s vital services, which provide crucial support and resources to young people in the Nottingham area, including mental health support, educational programmes, and recreational activities. The funds raised by Focus will help continue and expand upon these essential services that already have a positive impact on those in the local community. Recently, two representatives from Focus, Managing Partner Jason Redfearn and Senior Consultant George Jones, presented a cheque for £6,000 to BASE 51. This impressive total was made possible by the support and contributions from clients, friends, family, and the dedicated efforts of the Focus team. Jason Redfearn said: “Completing the Yorkshire 3 Peaks Challenge was an exhilarating experience for all of us, but the true highlight was the overwhelming support we received from our clients, friends, and family. We are deeply grateful for the generosity shown and are honoured to support BASE 51’s incredible work with this donation.” Verity Woods, Head of Fundraising & Events at BASE 51, commented on the donation: “We were delighted that Focus chose to support Base 51 with their Yorkshire 3 Peaks challenge, as a local charity the support of business makes a huge difference to our work – the money they raised will help provide over 80 hours of counselling for young people in Nottingham and Nottinghamshire. Thank you to everyone who took part and donated!” The Yorkshire 3 Peaks Challenge, which involves hiking over 24 miles and climbing three of Yorkshire’s tallest peaks—Pen-y-ghent, Whernside, and Ingleborough— in under 12 hours, was a formidable challenge for the Focus team. However, the sense of camaraderie and the motivation to support BASE 51 kept the team going.

Leicester hotel secures funding package

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Assetz Capital, a provider of property-secured finance, has successfully structured a funding package of £9.95m facility for VOCO Leicester Hotel financed with Atom bank. Last year, hotel management company Kew Green Hotels announced their plan to reflag two existing properties in Leicester and Manchester under IHG’s VOCO brand. The group acquired management of Hotel Brooklyn Leicester and Hotel Brooklyn Manchester and has signed a franchise agreement with IHG to rebrand them as VOCO properties during 2024. David Hehir, relationship director at Assetz Capital, said: “I enjoyed playing a vital role in structuring this finance package with Atom bank to ensure its successful delivery for the Voco Leicester Hotel. “Following Assetz Capital recent completions of an IBIS Styles Hotel in Glasgow for £5m, it is positive that we have expanded our reach structuring this fantastic hotel in Leicester. We would also like to pass on our thanks to Paul Goodman of Goodman Corporate Finance for his help with the transaction.” Andrew Fraser, chief commercial officer at Assetz Capital, said: “We are pleased with the commerciality and speed shown by Atom on this £9.95m transaction. Assetz Capital and Atom bank have now completed a series of deals including office investments, leisure assets and now a branded hotel chain. “The transaction completed in less than 12 weeks from initial discussion. We look forward to continuing to work further with Atom bank in the real estate space providing loans up to £10m.” David Castling, head of intermediary distribution at Atom bank, added: “Our capability to fund loans of up to £10m in size at speed across the whole of the UK, reinforces our ongoing appetite to support the whole SME debt spectrum from small to large loan sizes. “Assetz Capital and Atom bank’s collaborative approach ensured a smooth and efficient transaction, and we look forward to providing further funding to companies like VOCO in the future.”

Housebuilder acquires land for new homes in Leicestershire village

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Housebuilder Allison Homes East Midlands is set to bring 50 new homes to the Leicestershire village of Stanton-under-Bardon. Situated off Main Street, the five-acre site will become home to 50 two, three and four bedroom mixed tenure properties, including 15 affordable homes and five homes that will be available through the First Homes scheme. The homes will be designed and developed using materials that reflect the local vernacular within Stanton-under-Bardon. A range of biodiversity initiatives will also be implemented on site to encourage nature to grow and thrive. New trees will be planted and the open space on the development will include an attenuation basin seeded with wildflowers. The housebuilder will also be retaining the existing public footpath within the site and supporting the Stanton-under-Bardon community, with financial contributions to the area’s NHS, education services, library and public transport in Coalville. Construction work on the site is scheduled to commence in early 2025 and complete in summer 2026. The Stanton-under-Bardon development will be built alongside schemes in Shepshed and Anstey. Karl Edwards, Operations Director at Allison Homes East Midlands, said: “We are going from strength to strength at Allison Homes East Midlands, and I am incredibly proud of the team for securing our third parcel of land, following the acquisition of sites in Shepshed and Anstey earlier this summer. “We have worked incredibly hard with Mather Jamie and Caddick Land on this acquisition, and we are now looking forward to getting started on site and providing the people of Stanton-under-Bardon with a sustainable, new community.”

Flint Bishop strengthens national presence with strategic acquisition of Walker Morris’ Banking & Finance Recoveries division

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Flint Bishop, a leading law firm, has made a significant move in the legal sector by acquiring the entire Volume Banking & Finance Recoveries division from the wider Banking & Finance team of Walker Morris LLP, welcoming 34 new staff to the business. The strategic acquisition also marks Flint Bishop’s entry into the Leeds market and substantially enhances the firm’s capabilities in broader litigation and recoveries work, along with establishing a firm footprint to develop its full legal services offering across the UK. The Walker Morris team, known for its national reputation and inclusion on several bank panels, was carefully selected by Flint Bishop for this strategic move into the financial services sector. The acquisition propels Flint Bishop into the bank recovery and litigation arena, positioning the firm as one of the top legal providers to major banks and financial institutions. Flint Bishop has revealed plans for significant investments in staff, systems, and technology to further expand its national presence in this sector. The acquisition brings numerous senior-level experts into the fold, increasing the firm’s total staff to over 280. As part of the transfer, Justin Coley will assume the role of Head of Recoveries, whilst Rebecca Calland and Ellen McLean have been promoted to the position of Partner. Other key figures joining from Walker Morris include banking litigation senior associates Georgina Davis and Olena Jarockyj. Flint Bishop has also recruited banking litigation specialist Kate Hicks, currently with Yorkshire Building Society and formerly with DLA Piper and Walker Morris, to lead the Finance Dispute Resolution team, which will manage complex and contested banking litigation matters. Niall Gilhooley, former Chief Executive of Ascent, a division of Irwin Mitchell, who joined Flint Bishop two years ago, will serve as overall Debt Services Division Head. Qamer Ghafoor, Chief Executive of Flint Bishop, said: “This strategic acquisition positions Flint Bishop as one of the UK’s top legal firms specialising in volume banking litigation and recovery-related work. It dramatically strengthens our Litigation, Debt and Property Services business by expanding our reach in the financial services market.” Jeanette Burgess, Managing Partner at Walker Morris, said: “This strategic move allows us to focus on complex banking and finance litigation and other main practice areas, while ensuring the clients within our Recoveries division will continue to receive high-level service they are accustomed to. We wish the team great success in their new home.” Ghafoor added: “The acquisition presents a prime growth opportunity and an excellent location for all our practice areas to capitalise on and have a presence. Not only will it grant us access to new markets and clients, but it will also introduce us to a thriving city for recruiting additional skilled lawyers to enrich our firm’s capabilities in existing and new practice areas. “I am highly committed to growing the firm across all commercial and private client practice areas, providing opportunities for all, and ensuring our full-service offering thrives across all three locations: Derby, Birmingham, and now Leeds, with other planned locations on the horizon. With a fantastic team backing us, we’re in a prime position to introduce the Flint Bishop brand into new sectors across the UK and make a significant impact.” This bold move signals Flint Bishop’s ambition to become a dominant force in the UK banking litigation and recoveries arena, setting the stage for accelerated growth and market leadership in the coming years.

Leicester maintains position as highest ranking East Midlands city in PwC’s Good Growth for Cities Index

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Six of the seven cities in the East Midlands included in PwC’s Good Growth for Cities Index are out-performing the UK average on income distribution, measured by the ratio of median to mean income, an indicator of wealth equity. The Demos-PwC Good Growth for Cities Index ranks 51 of the UK’s largest cities (generally considered those with populations of at least 350,000 people), plus the London boroughs as a whole, based on the public’s assessment of 12 economic measures, including jobs, health, income, safety and skills, as well as work-life balance, housing, travel-to-work times, income equality, high street shops, environment and business startups. Leicester maintained its position as the region’s highest ranking city (20th), despite slipping down slightly from 16th position in the previous index. Derby, Lincoln, Nottingham, Northampton and Peterborough have all seen an increase in overall rankings on the index, with Northampton achieving the biggest increase, moving from 42nd to 39th. The full East Midlands rankings are below:
  • Leicester – 20th
  • Peterborough – 22nd
  • Derby – 23rd
  • Lincoln – 24th
  • Nottingham – 35th
  • Northampton – 39th
The report states that the East Midlands is expected to see slightly slower economic growth compared to the UK average in both 2023 and 2024, with a predicted growth rate of 0.7% in 2024, and 1.6% in 2025. This compares to the UK average of 1.0% in 2024 and 1.7% in 2025. Alex Hudson, East Midlands Market Senior Partner, PwC, said: “The outlook for the East Midlands is promising, with our cities generally performing well in this year’s analysis. Leicester has historically been a top performer in the index and it’s pleasing to see other cities including Derby and Nottingham move up the rankings this year. Equally, improvements on jobs, income distribution and environmental scores highlight sustainable growth in the East Midlands with more opportunities to come. “That said, the report indicates that the East Midlands slightly lags behind the UK average in areas like income, house prices, and predicted economic growth. With the new East Midlands devolution deal, this should be seen as a roadmap for opportunity, identifying where ongoing support can significantly improve key public priorities.” Across the East Midlands, improvements were made in jobs, income distribution and environment, and are either above or in line with the UK average for home ownership, transport and skills. The highest priority for those living in the region is income, followed by safety and work life balance. Jobs, environment and income distribution are also top priorities, scoring above the UK average.

Viking Park, Congleton continues to progress with food retailer’s opening

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Food retailer, Aldi has completed the build and fit out for its new food store at Viking Park, Congleton. The 2-acre fully serviced plot located in the retail zone of the mixed-use development is home to the single storey 20,000 sq ft purpose-built food retail facility. The exterior of the building has been designed to sympathetically reflect its green surroundings, a design code condition which has been applied across the scheme. Aldi has invested an estimated £7.5m in Congleton and has delivered the new store less than nine months after construction began. Bryn Richards, Aldi Real Estate Director said: “Opening our new store at Viking Park, Congleton, marks an exciting milestone for Aldi. We are proud to have delivered this high-quality facility in record time, providing the community with access to our award-winning range of products at unbeatable prices. “This significant investment not only underscores our commitment to Congleton but also supports local jobs and the wider economy. We look forward to welcoming customers through our doors and becoming a key part of the Viking Park development.” Marc Freeman, Director, Clowes Developments (UK) Ltd added: “The official opening of this store will bring the retail element of this development to life. The timing coincides well with our lead construction contractors, Roe Developments, gearing up to begin building the next stage of roadside convenience, a Starbucks, Greggs and KFC. “Additionally, we will be starting to construct a 20,000 sq ft builders merchants and speculatively building a further 9,000 sq ft industrial unit which will be available on an all-enquiries basis. We anticipate all units will be open for business March 2025.” Elsewhere on the mixed-use scheme, residential developer, Bloor Homes, are progressing well with the construction of their homes. On completion, Viking Park will deliver up to 175 homes, a 20,500 sq ft supermarket/roadside convenience, as well as 36,800 sq ft office facilities and 219,500 sq ft of industrial units.