How to plan a product video for maximum impact
Land transferred for next phase of Derby’s Castleward development
Chesterfield temperature sensor manufacturer snapped up
SDI Group, the AIM-listed group focused on the design and manufacture of scientific and technology products for use in digital imaging and sensing and control applications, has acquired Peak Sensors, a manufacturer of temperature sensors in a £2.4m deal.
Peak is based in Chesterfield with a 5,300 sq ft leasehold facility, and has approximately 14 employees.
Revenues for the year ended 31 March 2023 were £2.1m, with EBIT of c.£330,000.
Peak will join the group’s Sensors and Controls division.
Ken Ford, chairman of SDI, said: “The acquisition of Peak is a further step in our group growth strategy, demonstrating again the opportunities to acquire businesses with high quality products with export growth potential.
“The acquisition is expected to be earnings enhancing in the first full year of ownership. We are delighted to welcome Roshan Aucklah, Peter Smith and their staff at Peak to the SDI Group.”
Kimberley Levelling Up Project takes step forward as planning permission approved at historic site
- The creation of an eastern earth ramp at the Viaduct.
- The creation of a cycle path and pedestrian access on this new ramp.
- A Visitors Centre which will include educational facilities, a shop, toilets, and a seating area in the summer.
- Cycle racks.
- Car Parking facilities for visitors.
New owner sought for Derbyshire pharmacies in administration
Second round of £1.2m East Midlands Create Growth programme opens to businesses
Applications have opened for the next cohort of a £1.2 million support programme for East Midlands creative businesses.
Companies are being encouraged to apply for the second phase of Create Growth, which is funded by the Department for Culture, Media & Sport (DCMS).
It comes as 23 East Midlands businesses completed the first cohort of the regional business growth accelerator.
The inaugural cohort, made up of firms from across Leicester, Leicestershire, Derby and Derbyshire, and Lincoln, Greater Lincolnshire and Rutland, have benefited from a programme of focused support over the last eight weeks.
Participants ranged from marketing and design agencies to architects, theatre companies to video producers.
Businesses completed an initial business health check, attended a full-day business bootcamp – which included opportunities to network, and logged on to eight virtual masterclasses covering themes including leadership, marketing, sales, finance and business planning.
As well as the 90-minute masterclasses delivered by industry experts, all participants were also assigned a mentor offering five hours of free support.
Guy Lewis, Director at programme delivery partner CDI Alliance, said: “Our first cohort were enthusiastic, engaged and committed to the programme.
“We’ve had some really encouraging feedback about the bootcamp session, masterclasses, and support offered throughout the programme, and look forward to seeing what’s next for the businesses who took part in Cohort One.”
All of the participating businesses now have the option to complete a fully funded 12-hour investment readiness workshop, helping to prepare their firms for growth.
To be eligible for Cohort 2 of the East Midlands Create Growth programme, businesses must:
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Have turnover growth of 10% year-on-year over approximately 3 years (including either prior to or during the Pandemic)
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Employ a minimum of 2 people over the last two years (full-time, part-time or freelance)
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Have created a revenue generating product, launched a new platform or service, or reached a market of scale
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Generated sales revenue in the last 2 years
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Be trading or registered within Leicester, Leicestershire, Derby, Derbyshire, Greater Lincolnshire, or Rutland.