Nottingham Venues partners with The British Deer Society
Leicestershire sees record number of registered businesses
The number of registered companies in Leicestershire has reached an all-time high of 78,116, up from 75,930 at the end of 2023. Over the past year, 11,209 new businesses were established in the county, according to the Inform Direct Review of Company Formations, which used data from Companies House and the Office for National Statistics.
Leicester led business growth with 5,801 new companies, followed by Charnwood (1,399) and Blaby (868).
Despite economic uncertainty, regulatory changes, and geopolitical instability, business activity in the region has remained strong, reflecting resilience among local entrepreneurs.
Derby IT provider expands into business sector with Cosy Direct partnership
L.E.A.D. IT Services, a Derby-based tech support provider for nearly 250 schools and trusts across the UK, has expanded into the business sector by partnering with Cosy Direct.
Cosy Direct, a supplier of sustainable nursery and educational equipment, is receiving enhanced IT support from L.E.A.D. IT, including additional helpdesk services, networking, and cyber security solutions. The partnership aligns with Cosy Direct’s expansion into new markets.
L.E.A.D. IT has also been involved in community initiatives, including volunteering at Derby Kids’ Camp, a charity supported by Cosy Direct’s CEO, Peter Ellse.
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£140m boost for East Midlands communities
Breedon snaps up US construction materials and surfacing solutions business
Breedon, the East Midlands-based construction materials group, has acquired Lionmark Construction Companies in a £187m deal.
Lionmark is a Missouri-headquartered construction materials and surfacing solutions business with a focus on road infrastructure end markets. The acquisition is expected to more than double Breedon’s US revenue and diversify its US product offering into asphalt and surfacing.
In the twelve months ended 30 November 2024, Lionmark recorded unaudited revenue of $246m and unaudited adjusted EBITDA of $31m.
Andy Arnold, Managing Director, Breedon US, said: “The acquisition of Lionmark represents a significant milestone in the development of our US business. Lionmark is extremely complementary to our existing operations, diversifying BMC’s product to supply asphalt and surfacing solutions into an attractive market which is well-positioned for future growth.”
Rob Wood, Chief Executive Officer, said: “The acquisition of Lionmark will more than double our US revenue, is expected to be immediately earnings enhancing for shareholders while allowing Breedon to maintain a conservative and flexible balance sheet to pay dividends and make further bolt-on acquisitions across each of our platforms as opportunities arise.
“In a year we have built a US business of scale that is already on a pro-forma basis the equivalent size of our Irish business. We are delighted to welcome our new colleagues to Breedon and look forward to working with them as we continue to expand Breedon’s presence in the United States.”
The news came alongside Breedon’s results for the year ended 31 December 2024, in which underlying revenue grew 6% to £1.57bn and underlying profit before tax grew 4% to £150.8m.Revenue and profit drop at Ibstock
Revenue and profit have dropped at Ibstock, the manufacturer of building products, according to results for the year ended 31 December 2024.
Revenues reduced by 10% to £366 million, from £406 million in 2023, principally reflecting lower sales volumes in the core business during the first half of the year. Market demand improved progressively throughout 2024, with revenues in the second half of the year 3% ahead of the equivalent period in 2023 and 6% ahead of the first half. Amidst subdued market conditions, statutory profit before tax declined from £30 million in 2023 to £21 million, reflecting a lower trading performance and an exceptional charge of £12 million. Looking ahead, Ibstock noted that trading in the early weeks of 2025 has been solid, with sales volumes ahead of the comparative period.Joe Hudson, Chief Executive Officer, said: “Our continued focus on the active management of capacity and margin ensured we delivered a resilient performance in 2024. As expected, we saw a progressive improvement in sales volumes through the second half with demand supported by our leading service and supply proposition.
“The effective management of pricing and volumes throughout the year underpinned resilient margins combined with market share gains through the latter part of the 2024 year.
“Against this backdrop, I am also pleased to report strong progress against all elements of the Group’s strategy with lower cost, more efficient and sustainable capacity in place to support market recovery, and continued progress towards our ambitious sustainability targets.
“We expect an improvement in market volumes in 2025, with momentum building through the year. Ibstock is well-positioned for a market recovery, and the fundamental drivers of demand in our markets remain firmly in place.
“We see a significant opportunity for a new era in housebuilding in the UK and with the investments we have made and our market leadership positions, the Group remains well placed to support and benefit from this over the medium term.”