Flurry of deals at Leicestershire business park

Tess Egginton
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Flurry of deals at Leicestershire business park
Three units have been sold, while offers have been placed on a further five, at Beauchamp Business Park, in Kibworth, Leicestershire. The development has been delivered by Clowes Developments and their team including IMA Architects, TanRo, Millward Consulting Engineers, Gateley Legal and Postins Project Services. Phillips Sutton and TDB Real Estate have been the agents marketing the scheme. Phase one of the development was a success with 80% of the units sold before construction even began. This boosted Clowes’ confidence to speculatively build out the remaining plots, including a terrace of four 2,540 sq ft units, known as ‘Unit F 1-4’, and phase two, which includes a courtyard of terrace units ranging from 2,271 – 4,789 sq ft. These units can also be combined to make a bigger space to meet the requirements of an end user. Within months of practical completion, CJB Printing have purchased F4, and private investors have purchased the other two units, with another under offer. Additionally, a terrace of four under Unit G2 are now under offer. Beauchamp Business Park is situated on a 15-acre site located on the outskirts of Kibworth between Leicester and Market Harborough on the A6. The site features a series of freehold and leasehold industrial units ranging from 1,270 sq ft to 16,272 sq ft. Kevin Webster, Associate Director at Clowes Developments, said: “We are delighted to announce further success at Beauchamp Business Park. Its popularity has continued to out-perform general market sentiment. Our agents have continued to do a great job.” Jack Brown, Director at TDB Real Estate, said: “The continued success of Beauchamp Business Park is a testament to the quality of the units Clowes and the wider team have developed. It is great to see interest from both local businesses and investors, showing the need for good quality small industrial units in the area.” Sam Sutton, Director at Phillips Sutton, added: “We are delighted that these further sales, and continued interest in the scheme, underline the strength of the location, and quality of the units, built by Clowes. We are looking forward to finalising more deals, with just five units remaining.”

Inaugural Construction & Property Padel Cup launches to raise money for Derby County Community Trust

Tess Egginton
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Inaugural Construction & Property Padel Cup launches to raise money for Derby County Community Trust
Derby-based project managers, construction cost consultants, and building surveyors Armsons Barlow are hosting the inaugural Construction & Property Padel Cup later this month, bringing together key industry players to raise money for Derby County Community Trust (DCCT). The tournament, which is being organised in partnership with DCCT and Clowes Developments, is taking place on Thursday 27 February at We Are Padel on Pride Park in Derby. 32 teams of two players from construction and property companies will compete for the championship trophy. This will be followed by networking, a trophy presentation, a raffle and refreshments. The event has attracted an impressive line-up of entrants, with teams entered from Miller Homes, BSP Consulting, PMI Developments, GCA Consulting Engineers, YMD Boon, Rodgers Leask, JLL, Chevin Homes, TanRo, Fisher German LLP, Jackson Purdue Lever, Geldards LLP, Marchini Curran Associates, DGMEP, ABA Consulting, CPW, FHP Property Consultants, Franklin Ellis Architects, Wise Living, Mapmatic, LSP Development, Greenhatch, Innes England, KH Legal, Pick Everard, MPS Services, BHBArchitects, Planning & Design Group, MEC and Morecrofts. Armsons Barlow and Clowes Developments are also entering teams. The tournament marks the launch of a series of fundraising initiatives taking place throughout the year in aid of DCCT, which is Armsons Barlow’s charity of the year for 2025. The Trust is the charitable arm of Derby County Football Club and is dedicated to enhancing lives and communities through sport, physical activity, health, and education. Commenting on the charity event, Josh Toon, director at Armsons Barlow, said: “We’re excited to launch the inaugural Construction & Property Padel Cup in partnership with Derby County Community Trust and Clowes Developments. “The event not only provides a fantastic opportunity to build relationships and enjoy some friendly competition, it’s also a fantastic way to support the vital work of DCCT. “We look forward to bringing industry professionals together for an exciting day of sport, networking, and fundraising. “Even if you’re not playing in the tournament, you’re welcome to come along, network and support your team!”

Zombie companies increase in Midlands mid-market

Tess Egginton
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Zombie companies increase in Midlands mid-market
The number of Midlands mid-sized businesses at risk of becoming a ‘zombie’ company has risen, as rising costs and challenging economic conditions leave little breathing room for growth, according to new research from accountancy and business advisory firm BDO. In the last 12 months, one in six mid-sized businesses in the West Midlands (15.3%) have been deemed to be at risk of being so-called ‘zombie’ companies – an increase of 0.9 percentage points versus the previous year’s figures. This compares to 14.7% of businesses in the East Midlands – a figure which has risen from 13.2% since 2024. Nationally, 15.9% of mid-sized businesses are classed as ‘at risk’, a year-on-year increase of 3.5 percentage points. Zombie companies are those that generate just enough cash to continue operating and service their debt but not to invest in growth. The BDO tracker, which analysed more than 20,000 businesses with a turnover between £10m and £500m, found that very few sectors have been able to buck the trend, with all but two showing a notable increase in the number of ‘at risk’ businesses. UK-wide, real estate has the highest number of ‘at risk’ companies this year, with a quarter of the sector (25.1%) exhibiting signs of a zombie business. This is an increase of 10.1 percentage points versus the prior year, highlighting the ongoing impact that relatively high interest rates, economic uncertainty and supply chain disruptions are having on the sector. Leisure & hospitality has dropped one place to second, with 23.4% of businesses ‘at risk’. While mining and quarrying is the biggest riser in third, with the percentage of ‘at risk’ businesses in the sector increasing by 11.9 percentage points to 20.7% due to rising energy and input costs and weakening global demand for raw materials. Ben Peterson, partner at BDO LLP in the Midlands, said: “In light of the challenging economic conditions over the past 18 months, it’s no surprise that the number of mid-market businesses at risk of becoming zombie companies is on the rise in the Midlands. “Although many have managed to navigate a difficult post-Covid environment, rising borrowing costs and inflationary pressures have significantly impacted their financial stability. “Some of these companies cannot afford to wait for market conditions to improve, particularly in light of upcoming increases to employers’ national insurance contributions, the national minimum wage and the national living wage, all of which will have a direct impact on profitability.” Geographically, of the 12 UK regions, 10 have between 13%-18% of ‘at risk’ businesses. Greater London has the highest concentration (17.8% and up from 13.3% in 2024), followed by the North East (17.6%). Peterson added: “In general, mid-sized businesses have been hugely resilient in the face of geopolitical tensions, Covid-19 and Brexit. Over the last decade, these businesses have significantly contributed to UK GDP and overall employment numbers. “However, while resilient they are not invincible. There is now a proportion of businesses in the Midlands that will require more transformational action to ensure they can prime themselves to survive the coming economic turbulence – whether that’s short-term actions such as challenging the cost base and undertaking a rapid assessment of the business’ pricing strategy, to more medium-term actions, including rightsizing the organisational structure or divesting underperforming areas of the business. “Addressing these issues now will be fundamental to the business’ longer-term health and protect shareholder value.” BDO’s tracker defines businesses as at risk if they had a five-year annual compound turnover growth rate of less than 5% and an interest cover ratio in their latest financial year of less than two times. The data analysed was sourced from the latest publicly available financial data per Companies House.

Freeths names new Managing Associate for Leicester office

Stuart Pearcey
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Freeths names new Managing Associate for Leicester office
Law firm Freeths has launched its family offering  in Leicester with the appointment of Stephanie Kyriacou as Managing Asociate.
Stephanie, who joins from Shakespeare Martineau,  will help the firm bolster its legal offering within the East Midlands’ family sector, sitting alongside the well-established family team in Nottingham, which has tripled in size over the last three years.
Stephanie is recognised for her extensive experience in high-net-worth financial remedy divorce cases, having acted for clients with extensive property portfolios, complex asset bases, business owners, directors and doctors over the last 11 years.
Alongside this, she has advised extensively on wealth preservation matters such as pre and post nuptial agreements, for clients who wish to safeguard their assets in the event of relationship breakdown, together with assisting clients with the arrangements for the children.
At Freeths, Stephanie will work closely with Legal Director Nikki Aston who heads up the East Midlands team, and Senior Associate, Stephanie Clifton. This will extend towards Birmingham, covering the whole of the Midlands.
She said: “My new colleagues have already made me feel incredibly welcome and I look forward to playing a part in the firm’s continued growth and success. Nikki has tripled the size of the East Midlands family law offering in less than three years and it’s great to be working alongside her again, together with Stephanie Clifton, who is also exceptional in the family law field.”
Mark Keeley, Partner and Joint Head of Private Client Services, said: “Stephanie’s addition is key as we look to continue growing the practice both across the Midlands and nationally. I am confident that her expertise will help strengthen our offering and continue to provide the high level of client care that our firm prides itself on.”

New Leicestershire autocare centre creates 20 jobs

April Lara
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New Leicestershire autocare centre creates 20 jobs

HiQ and Carsa have opened a new autocare centre in Mountsorrel, creating up to 20 jobs. The site is part of a nationwide expansion strategy, adding to the companies’ existing dual-branded locations in Cannock and Halesowen.

The partnership combines HiQ’s autocare services with Carsa’s used car sales model. HiQ, backed by Goodyear, operates 190 centres across the UK, while Carsa has expanded to 10 locations since its founding in 2020.

The new centre integrates vehicle sales, servicing, tyre fitting, and MOT testing. A second site in Bolton has also launched as part of the expansion.

MTMS extends its partnership with GTR to keep the UK’s busiest railway moving

April Lara
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MTMS extends its partnership with GTR to keep the UK’s busiest railway moving
UK rail depot maintenance firm MTMS has been tasked with helping keep the UK’s busiest railway running smoothly after it signed a new three-year contract with train operators Govia Thameslink Railway.
The Midlands-based firm has maintained the equipment at depots serving GTR’s network for a number of years and the new contract has an option to extend to 2029.
MTMS looks after more than half of the UK’s depots and GTR is one of its biggest customers, with 18 depots based at locations stretching from Peterborough down to Eastbourne and including Bedford, Selhurst in South London and Bognor Regis in West Sussex.
Collectively, the depots provide stabling and servicing for GTR’s 516-strong train fleet, which serves a 1,300km network delivering 340 million passenger journeys a year.
MTMS’s contract comprises a wide range of responsibilities, including maintaining carriage wash machines and controlled emission toilets, provision of a comprehensive asset list, carrying out electrical installation condition testing on equipment and providing a planned CWM flail/brush replacement programme.
The core of the service delivery is servicing the 513 required PPM’s across the GTR estates and provide a 24/7 365-days-a-year reactive callout service.

Henry Boot Construction expands into East Midlands under new leadership

April Lara
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Henry Boot Construction expands into East Midlands under new leadership

Henry Boot Construction is expanding its presence in the East Midlands under new Managing Director Lee Powell. The company, historically focused on South Yorkshire, is targeting projects in Derby, Nottingham, and Lincolnshire, aiming to capitalise on the region’s student housing demand and industrial growth. Powell also sees opportunities in Teesside and plans to balance the company’s portfolio with more private sector work, shifting from its current 77% reliance on public sector contracts to a 50:50 split.

Powell, who joined from GMI Construction alongside Finance Director James Smith and Commercial Director Chris Weathers, intends to diversify into industrial, logistics, build-to-rent, student accommodation, and urban regeneration projects. He also highlights growing demand for thermal efficiency and building performance consulting.

The construction sector has faced significant challenges, with over 4,000 insolvencies in 2024, but Powell sees opportunities emerging as major contractors exit the market. Henry Boot has secured three prison projects following the collapse of a Tier 1 competitor. While inflation has stabilised, material costs remain volatile, with some declines in steel and reinforcement bar prices but continued increases in insulation and plasterboard.

Powell envisions Henry Boot evolving into a construction consultant, advising developers on cost-effective and efficient building designs. His strategy focuses on value engineering rather than undercutting competitors on price, positioning the company as a long-term partner for clients navigating a changing market.

ProBiotix secures exclusive supply deal in China

April Lara
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ProBiotix secures exclusive supply deal in China

ProBiotix Health, a UK-based life sciences company specialising in probiotic solutions for cardiometabolic health, has signed an exclusive supply agreement with Kemin China Technology Co Ltd (KCG). The deal grants KCG the rights to sell ProBiotix’s proprietary probiotic strain, LPLDL®, as a cardiometabolic health supplement ingredient in China, Hong Kong, and Macau, with potential expansion into other regions.

Under the agreement, ProBiotix will supply LPLDL® in bulk, and KCG will market it under a co-branding arrangement. China’s cardiovascular disease burden affects over 330 million people, and the country’s probiotic supplement market, valued at $2.3 billion in 2024, is projected to reach $3.6 billion by 2028.

KCG is a subsidiary of Kemin Industries, a U.S.-based global ingredient supplier with more than $1 billion in revenue and over 500 patents. The partnership is expected to create a long-term revenue stream for both companies and expand ProBiotix’s presence in the Chinese market.

Tesco opens security hub to combat retail crime

April Lara
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Tesco opens security hub to combat retail crime

Tesco has launched a new security hub in Daventry, Northamptonshire, as part of a multimillion-pound investment to address rising retail crime. The facility will operate 24/7, monitoring CCTV footage and sharing intelligence with police to tackle shoplifting and staff assaults.

Retail crime costs UK businesses an estimated £1.8 billion annually. The new hub is designed to strengthen security measures and improve collaboration with law enforcement. Tesco has not disclosed the total investment but emphasised its commitment to staff and customer safety.

Rockingham Cars expands EV lineup with Leapmotor partnership

April Lara
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Rockingham Cars expands EV lineup with Leapmotor partnership

Rockingham Cars has become an official dealer for Leapmotor in Corby, joining the Chinese electric vehicle (EV) brand’s push to establish 80 UK dealerships by the end of the year.

Leapmotor’s UK lineup includes the C10, a mid-sized SUV with a 261-mile range priced at £36,000, and the compact T03 city car, which offers a 165-mile range. The partnership stems from a joint venture between Leapmotor and Stellantis, which owns Abarth and Fiat.

Rockingham Cars, in operation since 1978, has a long-standing relationship with Stellantis brands and is recognized for strong customer service. It ranked second in JudgeService’s 2023 list of the UK’s top 20 dealerships, achieving a 99.53% customer satisfaction score.

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