Monday, July 21, 2025

East Midlands accountancy firm eyes further growth with new private equity partner

0
East Midlands accountancy firm Cooper Parry has revealed a new investment partnership with New York-based Lee Equity. Following two years of transformational growth, Lee Equity succeeds Waterland Private Equity as the firm’s capital partner. Waterland has supported Cooper Parry to broaden its capabilities and expand its presence across the country. The past two years has seen the business complete and integrate 11 transactions, including the acquisition of Haines Watts London and its associated audit and advisory businesses across the South-East, Thames Valley and the Midlands, UHY Manchester, London-based Cloud Orca, the fast-growing Salesforce consultancy and MacroFin, the award-winning NetSuite Alliance Partner. This M&A activity, coupled with a highly differentiated client experience and strong business development, has fuelled growth. Turnover has grown 4X over the last two years to £180m with sustainable organic growth exceeding 24% annually over the prior 3 years. Ade Cheatham, CEO of Cooper Parry, said: “This investment marks a monumental milestone in the CP journey, representing one of the largest deals of its kind in the global accountancy market. “Following an incredible period of sustainable growth, partnering with Lee Equity Partners is the next level game-changer. The scale of this deal will propel us further forward over the next five years, giving us the financial resources to create the UK’s next-gen professional services group. “After getting to know the Lee Equity team over the past few months, I’m so excited that we’re culturally aligned, share the same ambitious outlook and know that they really ‘get’ the opportunity we have in front of us. This is history-making news for everyone in the CP orbit – our people and clients alike. I can’t wait to bring our vision for 2030 to life.” Danny Rodriguez, a Partner at Lee Equity, said: “For over three years, Lee Equity has been in search of the right type of accounting and business advisory services firm to partner with. “We’ve found that in Cooper Parry, who has emerged as a market leader in the UK due to their exceptional management team, best-in-class organic growth rates, centralized business development function, and fully integrated approach to M&A. “We also found strong alignment with Cooper Parry’s entrepreneurial spirit and one-of-a-kind culture, which has attracted brilliant people who are disrupting the sector and who care deeply about their clients. We are extremely fortunate to partner with Ade and the rest of the Cooper Parry team as they embark on their next phase of growth.”

£20m commitment to fund business growth projects in Lincolnshire

0

An investment of £20m over four years will be made by the county council to fund business growth projects in Lincolnshire.

The council’s executive have agreed to use the council’s own money for economic development to encourage and support businesses to start up, grow and re-locate to the county. The money will be used to expand business parks, create new office spaces and to build a new facility supporting manufacturing companies to get the skills and expertise they need to thrive. Cllr Colin Davie, executive councillor for economy at Lincolnshire County Council, said: “We know that in many parts of the county there is a limited amount of suitable serviced land for businesses to grow or re-locate to. This investment means we can keep businesses in the county and provide around 3,000 new high quality jobs. “It also means that, with the devolution investment in Sleaford Moor Business Park, there will be significant investment in business infrastructure in every district of the county in the coming years.”

How to guarantee* to annoy a journalist: by Greg Simpson, founder of Press For Attention PR

0
Greg Simpson, founder of Press For Attention PR, shares his media relations ‘don’ts’. I write this with a tricorne perched jauntily upon my head. This stylish hat covers that of a PR consultant of some two decades, that of a published author on PR and that of a former business journalist. Hat collecting aside, I’ve learned a LOT over two decades in the PR trenches in terms of how to do things the right way. Especially when it comes to pitching the media. Funnily enough, that bit is not actually what PR is. Not solely anyway. That bit of PR is what we term ‘Media Relations’ and is part of the toolkit we use. You can add in events, awards, thought leadership, blogs, white papers, stunts, partnerships, CSR, the list goes on. However, for MOST of the people reading this who are not PR specialists, this is the bit you will want to master pretty pronto to begin making headway – Media Relations. Hint, that word ‘RELATIONS’ crops up a lot in PR. You need to start thinking win/win and ensuring that you are both contributing. Anyway, rather than a list of DOs, I thought, why not flag up some DON’Ts? To aid my memory (2 decades is a fair old whack you know), I have asked some reporters who I know well and who will remain anonymous, barring one, the reporter of this very parish, Tess Egginton. Let’s start with Tess then shall we? “Not providing photos with their stories” really makes life tricky for Tess. This means that she has to go off and find a pretty dull stock photo to illustrate the article. Of course, her other option is to simply move on. Tess is nice. Tess tries to help. I say, try to help Tess. If you want a reporter to cover your news, at least find the time to get a photo done. Even if it is your LinkedIn pic that’s been doing a lot of heavy lifting content wise for years. It puts a face to a name and makes it far more likely that someone will want to read the article. You have to remember that it is Tess’s job to educate, inform and entertain her audience. Make it as simple as possible for her to do that and you will reap the benefits. I actually have a story in my drafts as this is being typed where my client is helping another organisation but the other organisation will not provide a photo. They “don’t have any.” Well, get one! It’s £100, maybe £150 and the reward will be 10x over. Until the photo comes, we can’t run the story. Well, we could but guess what, it is less likely to gain coverage and if it does, it is likely that the third party will barely feature. That would be a shame but it would be down to them. There’s plenty more, in fact, this might be my second book! Try blind copying a list of reporters and see how effective that is. I mean, how to make it look like you REALLY care about that relationship! Or pitching a reporter that has never covered the angle you have. Not because there’s been an editorial oversight but because you are asking an insurance reporter to write about diet hacks. Or a lifestyle specialist to cover the latest ‘insight’ on pensions. How about calling a journalist to pitch them when their X profile specifically says not to? Do your research folks! Or keenly flagging a story about Cambridge to a reporter who covers Derby – I have seen this first hand many, many times. Not always Derby, obviously! The “did you get my email” chase is never very welcome. If it didn’t bounce back, then yes, they did. Now, they might not have seen it. So, a better chase-up would be to send a different photo or an extra quote to see if you can add value. Most annoying of all? I would say one that us PRs and journos both despair of…failing to deliver before the deadline or going AWOL. If you are working with a reporter on something, don’t ghost them. If you can’t do something, tell them. Don’t fail to show up on the first date! Media RELATIONS remember. *There are NO guarantees in PR! Some won’t care one little bit.   A former business journalist, Greg Simpson is the author of The Small Business Guide to PR and has been recognised as one of the UK’s top 5 PR consultants, having set up Press For Attention PR in 2008. He has worked for FTSE 100 firms, charities and start-ups and conducted press conferences with Sir Richard Branson and James Caan. His background ensures a deep understanding of every facet of a successful PR campaign – from a journalist’s, client’s, and consultant’s perspective.
See this column in the December issue of East Midlands Business Link Magazine here.

Nottingham City Council sets out £17.91m of savings in budget proposals

0
Nottingham City Council has set out initial budget proposals for next year in a newly published report. Council Leader, Councillor Neghat Khan, says the proposals are about “getting our house in order and putting the Council on a sustainable financial footing.” The report will be considered by the Council’s Executive Board on 17 December before views are sought from local residents, businesses and partner organisations on savings and other proposals as part of an extensive six-week public consultation. “We know that the people of Nottingham want a council that gets the basics right and delivers the best local services we can afford, while also looking to the future so the city reaches its full potential,” said Cllr Khan. “As a council, we continue to face huge pressures in caring for the elderly and disabled, supporting families and looking after children in our care and homelessness. Together these pressures are squeezing out other services. “This budget is about getting our house in order and moving the council to a financially sustainable position. Taking the tough decisions to lead the city forward doesn’t mean we can’t afford to be ambitious. It means we can’t afford not to be.” Further work is continuing to identify ways in which a balanced budget for 2025/26 and a robust Medium Term Financial Plan (MTFP) can be achieved. This work, along with the Government’s provisional Local Government Finance Settlement due to be announced on 19 December will be reported to Executive Board in January. The final Budget and MTFP will go to the Executive Board in February for recommendation to the Full Council in early March. Initial proposals being considered on 17 December include £17.91 million of savings and income proposals to help balance the budget and enable the Council to invest in essential priority services. These include: Council wide saving and income proposals of £10.788 million that require consultation including:
  • Effective management of vacant posts through an initiative to manage vacancies more prudently.
  • Reduce costs and improve efficiency by streamlining layers of management and team sizes.
  • Improve productivity and manage staffing budgets by reducing sickness rates and enhancing performance management.
  • Introduce commercial expertise to reduce third-party spending and improve procurement processes
  • Conduct a council-wide IT review to rationalise applications, systems, licenses, and subscriptions, ensuring business continuity and cost savings.
  • Improving digital access through development of the website and digital forms, shifting demand to more efficient service delivery.
Savings and income proposals of £7.122 million that do not require consultation Adult Social Care savings of £3.584 million including:
  • Improving early intervention and prevention.
  • Ensuring the services citizens have chosen are in line with their eligible needs.
  • Reviewing provision of support hours to ensure needs are met appropriately and recommissioning care to the right contracted level.
  • Reviewing social care transport including eligibility, how it is charged for and ways in which it is commissioned.
  • Reviewing high-cost care packages to ensure best value outcomes for citizens.
  • Realigning and reviewing grant income the Council receives for adult social care.
Children’s Integrated Services savings of £2 million
  • Operating model redesign to optimise efficiencies
Other savings of £1.538 million including:
  • Redesigning Sport and Leisure services to reduce the Council subsidy.
  • Making the museums and galleries service financially sustainable by increasing revenue, reducing costs and establishing a charitable development trust and exhibitions company.
  • A revised events programme refocussed towards cost neutral or commercial events.
  • Reducing the amount the Council subsidises the Theatre Royal Concert Hall through a ‘front of house’ restructure and the introduction of a new ticket insurance product for customers.
  • Generating income through a new contract for bus shelters and advertising display units across the city.
  • Repaying external market borrowing earlier than planned.
Cllr Khan continued: “We have been honest about the financial challenges we have faced, and we will continue to be open about what we will do and how we will do it. Through this budget and our ambitious vision for Nottingham, we will deliver a renewed council that focusses on delivering for local people so that we lead Nottingham to the future with renewed pride and optimism. “It is never easy to balance the budget and there has never been a more important time to get this right. Councils right across the country are facing unprecedented pressures and demand, with people relying on vital services throughout their daily lives. That is why we must be ambitious about renewing the Council and look to lead Nottingham forward. “Our promise is to deliver a ‘one council’ approach by being more efficient in the way that we work, modernising outdated practices and focussing on delivering good services and positive outcomes. We will renew this council. Nottingham deserves a council that delivers good local services and sets an ambitious vision for a city where people want to live, work and study. In getting this budget right, we will focus on delivering just that. “We must become a renewed council and get our house in order so we can refocus on delivering for local people, empowering our communities, tackling climate change, providing safe and affordable housing, enhancing education and skills and working with partners across our city to put Nottingham first.”

East Midlands output broadly stagnates, but decline in employment softens in November

0
Latest Regional Growth Tracker survey data from NatWest signalled only a slight upturn in business activity across the East Midlands private sector in November. The headline NatWest East Midlands Business Activity Index dropped to 50.1 in November, down from 50.4 at the start of the fourth quarter. The latest data indicated a broad stagnation in output across the region’s private sector, with the headline figure well below the series average. Growth in output was linked by firms to orders for specialised products and stockbuilding. Weighing on the expansion, however, was economic uncertainty which dampened customer demand, according to panellists. East Midlands firms indicated a further contraction in employment midway through the fourth quarter. Although companies noted that planned redundancies and cost management solutions drove the decline in workforce numbers, the pace of decrease was only fractional. Average cost burdens increased at a steeper rate during November. Moreover, the rate of inflation was the joint-fastest since July (equal with September). Despite subdued demand conditions, East Midlands businesses increased their selling prices again. Output charge inflation was reportedly driven by the pass-through of higher costs to customers. Lisa Phillips, Regional Managing Director, Midlands and East, Commercial Mid Markets, said: “East Midlands firms signalled sustained efforts to expand business activity in November, despite demand conditions weakening. “Efforts to support output and hopes of growth in activity in the coming year led to a much slower pace of decline in employment. Moreover, the pace of job shedding was the softest in 2024 so far. “Encouragingly, firms were able to raise their selling prices again, and at a solid pace. Although margins were squeezed by a faster uptick in costs while output charges increased at a softer rate, companies were able to partially pass-through higher input prices to customers.” Performance in relation to UK Of the 12 monitored UK regions and areas, only six signalled a Business Activity Index reading above 50.0 in November. Of these six, the East Midlands recorded the slowest upturn. Nevertheless, the UK average only indicated a marginal expansion in output at the national level. November data indicated a second successive monthly fall in new orders at East Midlands firms. The pace of decline quickened to the fastest since June, but was only marginal overall. Anecdotal evidence suggested that the decrease in new business was due to weaker domestic and foreign client demand, and economic uncertainty. The fall in new orders contrasted with the UK average, with only Wales and Northern Ireland recording sharper declines. Nonetheless, East Midlands companies continued to anticipate an increase in output over the coming year in November. Panellists hope for stronger demand conditions over the next 12 months, although the degree of confidence dipped to the lowest in 2024 to date. As has been the case since October 2022, East Midlands firms recorded a decrease in backlogs of work in November. The pace of decline quickened to the joint-fastest since September 2023 (alongside June 2024). That said, the rate of job shedding was the slowest in 11 months and weaker than the UK average. Meanwhile, the pace of input cost inflation was quicker than the UK average, as companies noted that greater input prices were due to higher material, wage and utility costs. The rise in selling prices was slower than the series average and the UK trend, however.

Over 150 new homes to be built in Mastin Moor

0
Contracts have been exchanged to enable the building of more than 150 new homes in Mastin Moor, near Chesterfield. Vistry Group is expected to start development on land south of Bolsover Road in High Ridding, after exchanging contracts with The Devonshire Property Group. The 11 acre site, which was previously agricultural land, will provide approximately 165 mixed tenure homes on the second phase of the wider Mastin Moor development, which will eventually deliver 650 homes alongside a local centre with retail and health facilities, as well as a community garden. Vistry Group has submitted a reserved matters application for 165 homes to Chesterfield Borough Council, with a determination expected in 2025. Devonshire Property Group has already constructed the main site infrastructure, in addition to an innovative Construction Skills Hub south of the site. The hub will offer sector specific training on the live construction sites in Mastin Moor, providing opportunities for future generations of builders to develop their skills. Harron Homes occupies phase one of the wider development, building new homes on a 16 acre piece of land to the south west. Rob Spittles, Managing Director of Vistry East Yorkshire, said: “We are delighted to have exchanged contracts on this parcel of land and to be contributing to the growing community in Mastin Moor. “We know there is a need for high-quality homes in the area, as well as properties that offer a mixed-tenure for a variety of buyer needs, and look forward to adding this offering to the wider development in the future.” Andy Byrne, Director at the Devonshire Property Group, said: “We’re delighted to have Vistry on board to deliver another phase of homes at The Riddings in Mastin Moor. What we really like about Vistry is their mixed tenure model, providing homes for sale, rent and affordable housing. “This helps to create a truly sustainable community, something that is important to the Devonshire Group. Once complete the overall development will provide over 50 acres of new parkland, a new local centre and an extension to the existing community gardens. We wish Vistry well with their planning application and look forward to welcoming them on site in 2025.”

Plans approved for Newark employment space

0
Outline planning permission has been granted at Overfield Park, Newark for commercial development. The consent allows up to 130,000 sq ft of industrial, storage, distribution, R&D and office employment space, where it is expected up to 120 new jobs will be created. Overfield Park is a 21-acre site off Godfrey Drive, at the intersection of the A1, A17 and A46. Newark and Sherwood District Council’s planning committee approved the development, with detailed design for individual units, including sustainable build features such as solar panels, low carbon materials and EV charging points, to be submitted during the detailed design stage. Travel plans will also feature in future reserved matters planning applications, to help promote and secure sustainable travel provision for site occupants. Dean Bower, Senior Development Manager, Lindum Group, said: “This is another big milestone at Overfield Park, adding to the previously developed Farol dealership, Wirtgen UK head office and Starbucks restaurant. “New build development of this bespoke nature is limited in the area and this planning permission will allow further high-quality complimentary development to be delivered in the next 12-18 months to meet occupier demands.”

Property consultancy welcomes new regional sales manager

A property consultancy has welcomed a new regional sales manager to further strengthen the firm’s presence in the Midlands and the north of England. Fisher German has appointed Stacey Matthews as a regional sales manager who will work alongside Ellie Lockwood, Regional New Homes Manager for the South in its New Homes team, led by Ella Pearson, Head of New Homes. Stacey is based at Fisher German’s Ashby office and will have a presence at the firm’s Market Harborough, Chester and Knutsford offices. She has extensive experience in the property sector, having spent more than five years working for a national housebuilder where she progressed to be its go-to area sales manager before moving on to work for a Derbyshire-based developer. Her new role will see her provide a comprehensive sales and marketing service to developers on new homes instructions across the Midlands and the north of England. Stacey said: “I’m extremely pleased to join Fisher German’s New Homes team, and everyone has been incredibly welcoming. Having been brought up around building projects and doing renovations from 19 years of age, new homes is something I have always had an interest in. “I originally worked for a housebuilder on behind-the-scenes sales before moving to on-site sales and progressing to area sales manager in the South Midlands area. After taking a career break to raise my two children I heard about the position at Fisher German and thought it was the perfect opportunity. “It’s an incredibly varied role where I’m already dealing with multiple developments, and there is so much to learn. It’s an exciting time to be joining Fisher German. The firm’s growth potential is excellent, and it’s fantastic to be part of this.” Ella Pearson, Head of New Homes, added: “We are delighted to welcome Stacey to the team. Her appointment comes at a time when our New Homes team needs to grow, aligning perfectly with our overall growth strategy. “Stacey’s extensive experience and enthusiasm for the sector will be invaluable as we continue to expand our presence in the Midlands and the north of England.”

Company fined after HMP Lincoln inmate dies from Legionnaires’ disease

A company has been fined after it failed to manage the risk of legionella bacteria in the hot and cold water systems at HMP Lincoln. The Health and Safety Executive (HSE) investigation followed the death of an inmate. Amey Community Limited has now been fined £600,000 after pleading guilty to a health and safety offence. Graham Butterworth died on 5 December 2017 after contracting Legionnaires’ disease while serving a prison sentence at HMP Lincoln. Water samples from Mr Butterworth’s cell and nearby shower blocks tested positive for legionella days after the 71-year-old died. HSE guidance states any risks of exposure to legionella needs to be identified and managed. The investigation, carried out by HSE inspector Aaron Rashad, found Amey Community Limited, which provided facilities management services at HMP Lincoln, failed to act on a risk assessment carried out in 2016, failed to put in place a written scheme for preventing and controlling legionella risks, failed to ensure that appropriate water temperatures were maintained and failed to monitor water temperatures in the water system in October and November 2017. This allowed legionella bacteria to multiply rapidly. Amey Community Limited pleaded guilty to breaching Section 3(1) of the Health and Safety at Work etc. Act 1974. The company was fined £600,000 and ordered to pay £15,186.85 in costs at Lincoln Magistrates’ Court on 3 December 2024. HSE inspector Stacey Gamwell said: “There is a legal duty to keep workers and inmates safe in prisons. The occupants of HMP Lincoln had been put at risk of legionella bacteria and developing Legionnaires’ disease because of Amey Community Limited’s failures. “Companies such as Amey Community Limited need to ensure they have identified any risk of legionella and have suitable and sufficient arrangements in place for managing the risk and control measures they have implemented.” This HSE prosecution was brought by HSE enforcement lawyer Andy Siddall and supported by HSE paralegal officer Helen Jacob.

Pair of Chesterfield pharmacies sold to growing group

0
Specialist business property adviser, Christie & Co, has sold a pair of Chesterfield pharmacies trading under John Dent (Chemist) Ltd. The two community pharmacies; Dents of Chesterfield on Windermere Road and Dents Pharmacy in Saltergate are well-established, modern, health centre-integrated pharmacies with over 100 years of trading history. Together, they dispense an average of 16,000 items per month. The pharmacies were put up for sale in Administration in late 2023. The group was placed under offer and sold to Sachin Tammewar of SSS Healthcare Limited, a multiple pharmacy operator based in South Yorkshire who now owns five branches. Carl Steer, Director – Pharmacy at Christie & Co, says: “It is always regrettable to see any business enter Administration but more so with such a long-established brand. “We were tasked with attracting a buyer on the best terms as soon as possible and quickly gained multiple offers. We agreed a sale with the benefit to the Administrator of the buyer entering the pharmacies on a management agreement. “The pharmacy sales market has proven resilient across the Midlands in 2024, with records sales achieved by Christie & Co. Sales have been well-represented across every type and size from independent sellers of one business through to our successful sale of numerous pharmacies sold as part of Project Echo for a national operator. “As we go into 2025, we expect more operators seeking to sell from the independent sector, which will be well-served by our large database of first-time buyers and acquisitive small-medium sized groups seeking new opportunities.” John Dent (Chemist) Ltd was sold for an undisclosed price.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close