7 subtle ways to make your company culture stand out
The Access Group appoints new Managing Director of Access PaySuite
He has a strong track-record in starting and scaling businesses within fast-growing, tier-1 technology companies and is passionate about delivering exceptional customer experiences and driving continuous innovation at scale.
Before joining Access PaySuite, Giulio was executive vice president of Payments-Platform-as-a-Service at Ingenico. Before that, he held senior leadership roles at Amazon, RetailMeNot, PayPal, and eBay across Europe. He has an MBA from Columbia Business School and London Business School.
Giulio said: “This is an exciting time to be joining Access PaySuite and I am keen to contribute to the Group’s exceptional growth and help propel and deliver success across the division.
“I am looking forward to working with a likeminded team at The Access Group globally to continue to drive innovation on behalf of our customers and partners in the ever-evolving payments landscape.
“I am committed to ensuring that we continue to deliver exceptional service and value to all our customers and stakeholders and look forward to the opportunities ahead.”
The Access Group CEO, Chris Bayne, added: “I am delighted to welcome Giulio as Managing Director of Access PaySuite, he will be responsible for the strategic and operational development of the division and has the skillset, drive and passion to make a great success for both our customers and our people.
“I would also like to take the opportunity to thank Andrea Dunlop for helping build Access PaySuite to the organisation it is today. Her hard work and dedication has laid the foundations for the future of payments at Access PaySuite, and we can continue to build on that.
“I am delighted that she has committed to remaining with The Access Group and PaySuite division as a non-executive director and will be supporting Giulio with both FCA and regulatory support and M&A strategy and we are looking forward to the value she will bring in her new role.”
Rights to offshore wind innovation for sale after administrators appointed
The rights to an innovative product in the offshore wind market, Gravity Tripod™, are up for sale after Michael Roome and Dean Nelson, Business Recovery and Restructuring Partners at PKF Smith Cooper, were appointed as administrators of East Midlands-based OWLC Holdings Limited on 26 February 2024.
OWLC Holdings Limited own the rights to Gravity Tripod™, a unique and internationally patented design for an offshore subsea foundation structure.
Following the appointment of administrators of OWLC Holdings Limited, an accelerated sale of business has commenced with the aim of finding a purchaser for Gravity Tripod™, which management believe can deliver an average of 11-12% reduction in the cost of electricity generated by offshore wind.
The Gravity Tripod™ is a unique design for an offshore subsea foundation structure, requiring little or no seabed preparation.
It uses concrete in place of steel, which allows the Gravity Tripod™ to expand the supply chain and deliver an offshore wind solution that is quicker, cheaper and more environmentally friendly than traditional monopoles or jackets. The patent is registered in a number of key geographies worldwide.
Michael Roome, Business Recovery and Restructuring Partner at PKF Smith Cooper, said: “Our aim is to maximise returns for creditors by seeking a sale of this unique design in the offshore wind market.
“If you are interested in purchasing the company, please contact me as a matter of urgency. We will keep stakeholders and the press informed of any developments as matters progress.”
Full occupancy reached on Nottingham’s Castlebridge Office Village
Streets Chartered Accountants reflects on the Spring Budget
Post Budget Webinar
Today Streets hosted its post Budget webinar in which it provided details of the announcements along with an update on topical issues affecting business clients and private individuals for the new tax year 2024/25.
This presentation was recorded and is now available on demand for those who weren’t able to join live. Click here to catch up.
A Budget built on loss leaders or a leadership that might have lost its way? Was it more ‘Middle Lidl’ than Middle England? The headline grabbing announcement from the Chancellor Jeremy Hunt’s Spring Budget, and perhaps his last before an election, was the 2% cut in rate of National Insurance. This second cut follows a similar cut given in last year’s Autumn Statement and comes with an election looming. Read more.More families will be eligible for Child Benefit
What has previously been thought to be an unfair system, with eligibility for Child Benefit being withdrawn when one parent earns more than £50,000, now sees a welcome change.Read more.
Guide to The Spring Budget 2024 The 2024 Spring Budget contained some important announcements and confirmed a number of changes planned for the new tax year. Following this, Streets put together a report containing the latest tax and financial information, which is available to download using the link below. Currently, if one partner earns more than £50,000, child benefit starts to be gradually withdrawn, and where the individual earns more than £60,000, they do not receive child benefit at all.Expanding your team with staff augmentation services in the UK
Emerging opportunities: The business boom in the East Midlands
Contractor appointed to build new Staveley canal bridge
Banking Hub coming to Moor Market in Kirkby
Nottinghamshire manufacturer sold to Portuguese company
Duke Capital, a provider of hybrid capital solutions for SME business owners, has revealed the successful exit of its investment in Meteor HoldCo Limited, the 100% owner of Fabrikat (Nottingham) Ltd, a manufacturer of street lighting columns and guard rails.
The exit comes three years after Duke’s financing solution enabled Fabrikat’s established management team to become majority equity owners.
Fabrikat is being acquired by Metalogalva – Irmãos Silvas, SA, a Portuguese company in the area of engineering and steel protection with more than 50 years of history and operations spanning across 14 countries and four continents.
Neil Johnson, CEO of Duke Capital, said: “Fabrikat is a real success story for Duke and a great case study for why Duke’s capital is a perfect fit for individuals seeking to execute an MBO.
“Our capital allowed long-standing employees of a strong business to step up into large equity ownership positions and in that role, they continued to prove themselves as great stewards of the business, creating value for all stakeholders. In turn, we are pleased to build on our already robust track record of achieving above-average returns on exits.”
Duke had invested a total of £6.2 million in Fabrikat to date.
Paul Allen, CFO of Fabrikat, said: “We would like to thank Duke Capital for buying into our vision in a way which motivated us to drive significant growth in the company. Duke’s capital enabled us to execute the MBO while the team supported us by becoming partners in our growth and success.
“Initially we went through a very competitive process but only Duke Capital’s offer allowed us to keep 70% of the business that we had spent years crafting as the senior management team. And to top it off, we were able to keep control of the timing of the sale and the counterparty to whom we entrust the future of Fabrikat and our employees.”