Spring boost for East Midlands as entrepreneurs move out of reverse gear

Michael Fisher
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Spring boost for East Midlands as entrepreneurs move out of reverse gear

A sharp hike in the number of start-up businesses in the East Midlands should give the local economy a much-needed boost, but business owners should remain cautious as they head into the summer months.

This is according to the Midlands branch of national insolvency and restructuring trade body R3 and is based on a monthly analysis of regional start-up data from business intelligence provider Creditsafe.

The figures indicate that there were 2,651 businesses set up in the East Midlands in March, which is a substantial rise of 18.67% compared to the previous month and is the highest monthly number of start-ups the region has seen since April of last year.

The data also shows, however, a 16.13% rise in insolvency-related activity in the East Midlands, which includes liquidator and administrator appointments as well as creditors’ meetings.

The number of East Midlands companies with late payments on their books has also risen, standing at 24,419 for the month of March.

R3 Midlands Chair Stephen Rome, a partner at law firm Penningtons Manches Cooper in the region, said: “It’s encouraging to see some green shoots of recovery starting to emerge, particularly as we are currently facing so much economic uncertainty.

“It is important, though, to see everything in context as the economy remains hugely challenging, not least with this month’s introduction of National Insurance and National Minimum Wage rises. As a result, enquiries for restructuring and insolvency support are increasing as directors look to take specialist advice about their business finances.

“R3’s advice to any directors worried about the viability of their company, start-up or otherwise, is to seek professional help and to do it as soon as possible. Many R3 Midlands members offer a free initial consultation to those who wish to explore their options.”

Leicestershire’s Tyron Runflat signs commitment to support ex-service men and women

Michael Fisher
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Leicestershire’s Tyron Runflat signs commitment to support ex-service men and women

Inventor of the world’s only multi-piece rubber Runflat system, Tyron Runflat, has signed the Armed Forces Covenant, a commitment demonstrating its dedication to supporting ex-service men and women.

Headquartered in Loughborough, the firm is marking its support for the Armed Forces community by signing the pledge, which highlights the business’s support through future employment opportunities for veterans and their families.

Tyron Runflat, known for its innovative run-flat tyre systems, has worked extensively within the defence industry around the world, with its products fitted on both military and civilian vehicles. The firm’s staff are based at its Thailand factory, in Pattaya, as well as its Loughborough headquarters.

Director at Tyron Runflat, Peter Simson, said of the news: “Signing the Armed Forces Covenant is a proud moment for everyone associated with Tyron Runflat.

“It emphasises our commitment to offering fair employment opportunities and support for those leaving the Armed Forces, which can be something many workplaces often overlook.

“We’re proud to be supporting armed forces veterans and their families by signing the Covenant. For us, this is a way to acknowledge the sacrifices made by service men and women, all while reinforcing our commitment to fostering equal opportunities for all members of our team. We’d love to see more businesses following suit and supporting this important pledge by signing it as well.”

Since 2001, Tyron Runflat has made it its mission to provide reliable and cost-effective tyre safety solutions. For example, the Tyron MultiBand locks the tyre onto the wheel rim in the event of a blowout, preventing catastrophic loss of control, giving the vehicle’s occupants the ability to get to a safe location.

Dack Motor Group acquires MotorServ UK to preserve operations and jobs

April Lara
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Dack Motor Group acquires MotorServ UK to preserve operations and jobs

MotorServ UK, formerly the largest independent garage in Solihull, has been acquired by Dack Motor Group in a strategic move designed to stabilise operations and protect jobs amid a downturn in the automotive sector.

Established in 2014, MotorServ UK grew to a £9.3m turnover business by 2022, offering MOTs, servicing, and community-focused initiatives. However, an 85% drop in used car transactions in 2023 and a 45% decline in servicing revenue over two years forced a shift in direction. The founder has exited the business, triggering the sale.

The Solihull site will continue operating under Dack Motor Group, which already runs facilities in Lincoln, Northampton, and Coventry. Dack plans to integrate the new site with upgraded systems and processes, and a rebrand is expected.

As part of the acquisition, all jobs at MotorServ UK are being retained, and further roles may be created under the new ownership. Once the transition is complete, MotorServ UK Ltd will be formally liquidated, with Dack assuming all staff and assets.

Loughborough student accommodation plan heads to key vote

April Lara
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Loughborough student accommodation plan heads to key vote

This week, Charnwood Borough Council will decide whether to approve a revised student accommodation scheme in Loughborough, following months of public objections and planning revisions.

The project proposes a six-storey block housing 167 student beds on Browns Lane, replacing the existing building on the site. The original plan, submitted in May 2023, proposed 211 beds over eight storeys but was withdrawn after 170 objections. A revised version initially offered 183 beds, later scaled down to 167 after further consultation.

Despite ongoing opposition—87 objections remain—the council’s planning officers have recommended approval. Residents’ concerns include the building’s scale, impact on nearby homes and landmarks, flood risk, pressure on roads and parking, and fears over antisocial behaviour.

To address flood concerns, the plan includes a “blue roof” system to manage rainwater, with all bedrooms above ground level. The ground floor would house communal facilities, cycle parking, and refuse areas designed to be flood-resilient.

The proposal includes two staff-only parking spaces and 83 cycle spaces, 54 for residents. Students must book time slots for loading and unloading on move-in days to reduce traffic disruption.

Planning officers argue the scheme could ease pressure on local housing by increasing purpose-built student accommodation, improve surveillance in the area, and boost local economic activity due to increased footfall near the town centre. The final decision now rests with councillors.

Derbyshire council seeks mixed-use redevelopment of HQ site

April Lara
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Derbyshire council seeks mixed-use redevelopment of HQ site

Derbyshire County Council has lodged a formal application to redevelop its County Hall site in Matlock into a major mixed-use scheme incorporating residential units, commercial space, and a hotel, as well as a new net-zero carbon headquarters.

The proposed plans include converting existing buildings into apartments and a hotel, building 50 new homes, and adding retail and office space designed to attract local business activity. The development would also involve demolishing several outbuildings, removing two disused footbridges, and restoring heritage assets such as the Winter Gardens.

Council planners say the aim is to consolidate operations into a modern, sustainable facility while opening up the wider site for investment-led regeneration. Derbyshire Dales District Council has requested planning and listed building consent.

While the proposal supports commercial growth and housing supply targets, it has drawn resistance from some local residents concerned about the scheme’s scale. Objections have focused on traffic congestion, inadequate parking, flood risk, and pressure on local services. However, none of these concerns have yet stalled the application process.

The redevelopment marks a broader trend of local authorities repurposing legacy properties to generate long-term value, reduce environmental impact, and stimulate local economies. The project’s success could set a precedent for similar public sector transformations across the UK.

Royal Mail cuts domestic flights as it shifts to greener, more reliable road transport

April Lara
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Royal Mail cuts domestic flights as it shifts to greener, more reliable road transport

Royal Mail has removed 18 domestic flights from its network, transitioning to road-based operations to improve service reliability and cut emissions. The final flight in the reduction plan departed East Midlands Airport on 5 April.

This operational shift is projected to reduce annual emissions by around 30,000 tonnes of CO₂ equivalent and supports Royal Mail’s commitment to reach Net Zero by 2040.

Road vehicles will now distribute mail on routes previously covered by air, offering greater resilience against weather-related delays. The change also aligns with evolving e-commerce demands, with parcel sizes increasing significantly—Royal Mail reports a 30% rise in average parcel size over the past six years and a doubling in large parcels.

To support the shift, Royal Mail has upgraded its road fleet. Its HGVs are increasingly powered by Hydrotreated Vegetable Oil (HVO), a low-emission diesel alternative. The business also operates the UK’s most significant electric delivery fleet, with over 6,000 EVs in service.

The remaining domestic flights in Royal Mail’s network must meet its Universal Service Obligation, ensuring next-day delivery to all UK addresses. Changes to operational timing, including later starts at delivery offices, have enabled this broader switch from air to road transport.

Lincoln University ranked in UK Top 10 for student start-up businesses

Michael Fisher
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Lincoln University ranked in UK Top 10 for student start-up businesses
The University of Lincoln has maintained its position in the UK top 10 for student start-up businesses, according to the Higher Education Statistics Agency (HESA). This recognition highlights the institution’s commitment to fostering entrepreneurship among its students and graduates. HESA’s analysis, which looked at data spanning 2014 to 2024, revealed that the University has supported the establishment of more than 1,000 student businesses during this period. Students and graduates have access to an extensive range of business incubation support services, from workshops, digital resources, and working spaces, to funding and networking opportunities – these have been crucial facets to the University’s support success. Reece Leggett, Business Incubation and Growth Manager at the University of Lincoln, said: “We’re incredibly proud to see the University of Lincoln once again placed in the top 10 for student startups. Working closely with students and graduates, my team and I provide a service which encourages entrepreneurship, helping budding young business owners to shape their vision into something tangible. “The Student Enterprise team, alongside colleagues across the University, feel fortunate to work with students and graduates across all levels and disciplines who are determined, passionate, and show true entrepreneurial spirit. This not only benefits our university community but also has positive impacts across our region and business ecosystem. “We’re excited about the planned activities to support these startups thrive and to witness the impact they’re making, not just in Lincolnshire but also nationally and internationally.” Oliver Whitehead, third-year student at the University of Lincoln and owner of Synx Games Ltd, explained: “I can’t speak highly enough of the support offered through Student Enterprise, and I was pleased to see Lincoln had once again ranked in the UK top 10 universities for graduate start-ups.” “I’ve personally benefitted from multiple streams of support through Student Enterprise; particularly their 1-2-1 mentoring, networking events and access to grant funding, and would recommend their services to any student or graduate looking to start a business.”

Frasers Group expands Sports Direct into Australia and New Zealand

April Lara
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Frasers Group expands Sports Direct into Australia and New Zealand

Frasers Group is partnering with Australian footwear and apparel wholesaler Accent Group to launch Sports Direct stores across Australia and New Zealand. Over the course of a 25-year agreement, Frasers Group will target up to 100 locations.

The move is part of Frasers’ international growth strategy and will increase Sports Direct’s total store footprint by around 14%. The rollout will begin with an initial 50-store launch, backed by proceeds from an increase in Accent Group’s stake. Frasers recently lifted its shareholding in the company to 19.57%.

The store network will carry a mix of Frasers-owned labels such as Everlast, Slazenger, and Karrimor alongside global brands such as Nike, Adidas, and Under Armour. Accent will lead local operations, leveraging its existing infrastructure and brand relationships to support the expansion.

This marks a deeper integration between the two businesses. Accent also acquired Frasers Group’s MySale marketplace, consolidating Frasers’ retail interests in the region.

Frasers operates more than 500 Sports Direct stores in the UK, 170 in Europe, and 35 in Malaysia. Early investor response was positive, with Frasers shares rising slightly following the announcement.

West Northamptonshire businesses gain support for innovation and growth

April Lara
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West Northamptonshire businesses gain support for innovation and growth

Over 130 businesses in West Northamptonshire have received direct support through the Growth and Innovation Programme, a 10-month initiative delivered by the University of Bedfordshire and West Northamptonshire Council. Funded by the UK Shared Prosperity Fund (UKSPF), the programme was designed to help established businesses adopt new strategies, technologies, and sustainable practices.

The support included tailored consultancy, academic-led student projects, and subsidised graduate placements. More than 30 expert-led workshops, covering topics such as digital transformation, sustainability, and strategic planning, were also held.

A £325,000 grant fund was allocated to 30 selected businesses to help them invest in technology, product development, and operational upgrades to improve their long-term resilience and competitiveness.

The initiative has reinforced the value of collaboration between higher education and local government in providing practical support to the business community.

Aerocom (UK) addresses growth with expanded sales team

April Lara
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0
Aerocom (UK) addresses growth with expanded sales team

Pneumatic tube system specialist Aerocom (UK) Ltd has hired two new business development managers following a period of sustained growth.

The Nottingham-based firm has signed up university graduates Ritika Sabharwal and Dan Lalli to help drive up sales across several product sectors and to manage Aerocom’s growing customer base.

The company, which celebrates its 25th anniversary this month, is one of the UK’s largest suppliers of pneumatic tube systems (PTS) but has also seen huge growth in sales of its ground-breaking fire suppression devices and automated guided vehicles (AVGs).

Tom Hughes, managing director of Aerocom (UK), said:

“I’m delighted to welcome Ritika and Dan on board and I wish them both every success with Aerocom (UK).”

Ritika (23), studied her BSc in biomedical sciences at the University of Hertfordshire and has spent time working as a biomedical scientist in both NHS and private pathology laboratories. She has also worked in a range of part-time sales roles, including her family’s own retail business in Birmingham.

Ritika said:  “Joining Aerocom has been an exciting step for me. It’s a role that allows me to combine my scientific background with my passion for people and communication.

“I’m especially excited about the potential of our innovative fire safety solutions to make a real difference in people’s lives.”

After working in tech and software sales in London and studying philosophy at University College London, Dan (27) has moved back to his hometown of Derby to take up his new role at Aerocom (UK).

“It’s a real privilege to be working here,” said Dan. “Aerocom (UK) is a company known for its impressive portfolio of forward-thinking products and services, so I’m proud to be a part of it.”

“Our success is the result of thoughtful research into new and upcoming product areas,” said Tom.

“We’ve made some very good product decisions up until now and we are always thinking ahead in terms of diversification. I’m confident Ritika and Dan can bring their own ideas and expertise to the team.”

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