New tourism strategy launched for Blaby District to boost local economy
Significant milestone for development of £8.5m Health and Wellbeing Hub in Worksop
Journeo achieves revenue and proft growth for fifth year running
Journeo, an Ashby-de-la-Zouch-based provider of information systems and technical services to transport operators and local authorities, has achieved growth in sales, profit before tax and recurring revenues for a fifth year running.
According to final results for the year ended 31 December 2024, revenue at the firm increased 8% to £49.6m, while profit before tax grew 33% to £5m.
Russ Singleton, CEO of Journeo plc, said: “Journeo has delivered another strong set of results, achieving growth in sales, profit before tax and recurring revenues for a fifth year running. The increasing adoption of our core IP is delivering a growing sales pipeline based on technology created and implemented by the operating companies within the Group.
“In addition to our financial performance, we have made significant operational improvements. We have formed the Journeo Design Centre to create new world-class products and made strategic investments for our next growth phase with new appointments to our Senior Leadership Team.
“We have also made steps forward in our ESG and carbon reporting and are progressing with a number of potential complementary acquisitions.
“We move forward into 2025 with confidence that we will continue to deliver stakeholder value as the Group benefits from Government-backed initiatives for the more sustainable, safer and more secure communities and transport of the future.”
Derby recruitment business hails 2024 as “extremely satisfying year”
“I am confident that our strategy of building a diverse group of subsidiaries partnering with companies heavily invested in long-term capital-intensive infrastructure sectors will continue to provide us with a layer of protection from the peaks and troughs of the traditional recruitment cycle.
“Our solid order book across rail maintenance and renewals, and smart meter roll out and upgrades alongside other key infrastructure programmes, provides some clear visibility of revenue in 2025 and I remain cautiously confident in our short, medium and long-term prospects.
“Once again, our excellent performance is as a direct result of the exceptional people that we employ across the Group. The accumulation of both industry and company knowledge, experience and operational capability, coupled with the continual and unbridled enthusiasm and energy of everybody combines to create the unique and distinctive culture which permeates every corner of the Group and differentiates us as a company.
“A big thank you to everybody for all your hard work.“
Morrisons to close cafés and counters, 365 jobs at risk
Morrisons is set to close 52 cafés, 18 market kitchens, 17 convenience stores, 13 florists, 35 meat counters, 35 fish counters, and four pharmacies due to rising operational costs. The supermarket chain stated that the affected services were no longer financially viable.
While most impacted employees will be offered redeployment within the company, 365 jobs remain at risk of redundancy. CEO Rami Baitieh described the closures as necessary to refocus investment on areas that customers prioritise.
East Midlands businesses show downbeat outlook in new research
- Half of businesses (54%) expect to put their prices up. This figure has shown little sign of improvement from 56% at the end of 2024
- Labour costs are the biggest driver of the pressure to put prices up
- 4 out of 10 expect profitability to worsen over the next 12 months. This figure has doubled from 2 out of 10 in Q3 2024
- 65% had difficulty finding suitable staff. The figure was 72% at the end of 2024
- Corporate Taxation
- Inflation
- Business Rates
Leicestershire wholesaler Crowndale joins Country Range Group
Crowndale Foodservice, a Leicester-based foodservice wholesaler, has joined the Country Range Group (CRG), expanding the buying group’s network to 16 member businesses and 18 wholesalers across the UK, Ireland, Jersey, and Coastal Spain.
In 1988, Crowndale initially supplied meats to retail butchers before expanding into the foodservice sector. The company now serves the public sector, hospitality, and event catering markets across the Midlands, delivering five days a week with a fleet of 15 vehicles.
The business has doubled its turnover since 2021 and is projected to reach £15 million in 2025. Crowndale’s director, William Boulger, said the partnership with CRG will help accelerate growth, particularly in the hospitality and profit sectors, by providing access to CRG’s buying power and product portfolio.
Frasers Group expands into five South Asian markets
Frasers Group has signed a new distribution deal with MAP Active to expand its Sports Direct brand into five new South Asian markets: India, the Philippines, Thailand, Vietnam, and Cambodia. The agreement also strengthens Sports Direct’s presence in Indonesia.
The partnership builds on Frasers’ existing relationship with MAP Active, a region’s leading sports and fashion distributor. The move aligns with Frasers Group’s strategy to accelerate international growth and tap into emerging markets with strong demand for sports retail.
Frasers CEO Michael Murray highlighted the long-term growth potential in these markets. At the same time, MAP Active’s Group CEO, V.P. Sharma, emphasised the collaboration’s role in enhancing brand engagement and customer experience in the region.