Sustainable refurbishment for Boyer’s Loughborough office

National planning consultancy Boyer (part of Leaders Romans Group) has reopened its Midlands office, based at Cedar Business Park, Normanton on Soar, Loughborough following a re-fit with sustainability at its heart. Boyer’s Loughborough sustainable office features solar panels, a biomass boiler and EV chargers. It has sustainable carpets and hard flooring made from 65% recycled material and low volatile organic compounds paint. Waste to landfill is minimised through an organised recycling and compostable waste system. Acknowledging the importance of the circular economy, Boyer will be re-using much of its original furniture and fittings. At the point at which these items are replaced, the same sustainable principles will be followed. David Hutchinson, director and head of Boyer’s Midlands office, said: “We are delighted to be the first of Boyer’s six offices to have undertaken a sustainable re-fit. “As planning consultants, we understand the impact brought about by climate change and our work is focussed on delivering sustainability through the built environment. So its entirely apt that we used this opportunity for a re-fit to put our strongly-held principles into practice in our own building. “The expansion of this office has resulted in the creation of the first regional hub accommodating our Land, Planning and New Homes services in a single office. This will enable collaboration between these linked services to better serve our clients and to help secure further growth across the region.” This, Boyer’s first sustainable refurbishment, is one of many within Leaders Romans Group (LRG), which is refitting many of its branches across its estate agency brands to focus on energy efficiency and recycling.

Plans to improve key city gateway get the go ahead

Plans to improve the eastern side of Derby city centre have been given the green light by planners. Derby City Council’s planning committee recently granted permission for the Eastern Gateway scheme. The project, which is part-funded by the Government’s Future High Streets Fund, will add extra shops and leisure outlets and create a new public boulevard to transform the area opposite the bus station and the eastern entrance to Derbion. The business case for the Eastern Gateway scheme, which will be delivered by Derbion, estimates that the regeneration will create new jobs, drive additional footfall and support the ongoing recovery of the city centre. John Forkin, Managing Director of Marketing Derby, which submitted a letter supporting the application, said: “We really welcome this as improving the city gateway from the bus station and two of the city’s largest hotels is long overdue. “The area has a footfall of over 12 million people which will only increase when the Becketwell Performance Venue opens in 2025.” The plans involve the removal of a section of the former Eagle Market building and the Castle and Falcon pub, opening up the streetscape and creating a vibrant new space. It will create a split-level area of landscaping, with a series of garden terraces with opportunities for seating at different levels, overlooking the street. It will also include durable play zones to offer a family friendly element to the scheme, with food and drink outlets and associated seating bringing further vitality to the site. A new double height Derbion entrance, which is designed to be welcoming and inviting to visitors, is also part of the scheme. A report prepared by planners ahead of the committee meeting stated: “The existing entrance on the corner of East Street and Morledge provides an uninviting arrival to the city. “The proposal seeks to create a welcoming ‘Eastern Gateway’ to the city centre from the Bus Station with new landscaping works. “These high-quality proposals will raise the overall design standard for Derby city centre and make a positive contribution to the character of East Street.” The city council was awarded £15 million by the Government back in December 2020, following a successful Future High Streets Fund bid to support the recovery of the city centre. Around £5 million of this funding has been allocated to the Eastern Gateway scheme. A share of the funding has also been invested in refurbishing the city’s Grade II-listed Market Hall into an attractive, flexible retail and leisure destination.

Midlands Care acquires Leicester care home

Midlands Care has acquired Gokul Vrandavan Care Home on Windsor Avenue in Leicester. This facility has been dedicated to providing culturally appropriate care to the Gujarati community, offering an Asian lifestyle that resonates with the local elderly population. This strategic opportunity has allowed Midlands Care to further its commitment to inclusivity and expand its range of care facilities to cater to the needs of local elders from diverse faith backgrounds. The newly acquired purpose-built home, consisting of 27 single en suite bedrooms, has merged with an existing residential facility to create a comprehensive care environment. The reason for acquiring this service was for the group to extend its services and become an inclusive regional organisation. Midlands Care also welcomes back Sailesh Raja, founder of Midlands Care, who will play a role in the ongoing leadership and management of the home. Additionally, Pradeep Patel, operations director, will provide expertise and support to maintain the highest standards of care whilst working with the existing staff team and Keilash Mcilwee, registered manager. Mr Shyamal Raja, Managing Director, said: “I vividly recall when my father visited the original building two decades ago. Evidently, he had a strong desire to acquire it, but he couldn’t make it happen for reasons beyond his control. “Over the years, he occasionally reminded me and Sagar about the immense potential this opportunity held to serve the local community, which he held dear. The building was purchased by Mr Pabari, who later acquired the land next door and built a purpose-built facility before joining into the original building.” Shyamal added: “Now, it brings me great joy to announce that, through a meticulously arranged, highly confidential off-market deal, we have completed the takeover of Gokul-Vrandavan Residential Home. The entire process was shrouded in secrecy, with my father completely unaware. Sagar and I orchestrated the service transfer from Mr. Pabari to Midlands Care, creating a wonderful surprise. “I eagerly anticipate the collaborative efforts ahead and the enhancement of the already exceptional level of care we provide to those entrusted to our care. Together, we will strive to positively impact the lives of our residents and the community we serve.”

New images show transformational impact of Broad Marsh Green Heart in Nottingham

New images released by Nottingham City Council show the major transformation due to begin later this year in the city centre with the creation of a wildlife-rich Green Heart. Work on the Green Heart is due to begin this Autumn as a key element of the vision developed by world renowned Heatherwick Studios for the city’s Broad Marsh area and the site of the former shopping centre. The design of the Green Heart is unique to Nottingham and has been developed by Townshend Landscape Architects along with Nottinghamshire Wildlife Trust, with Heatherwick Studio retained as a strategic design advisor. Nearby on Collin Street, work has already begun on a new public space outside the new Central Library building as part of a playable cities initiative to create child friendly spaces in the city centre. Local school children were consulted on the design which will feature specially designed swings and seating so the space can be somewhere families gather and spend time together. When Collin Street reopens, there will be a traffic-free route connecting the Green Heart and Lister Gate with the new people-friendly, green public space created on Sussex Street next to Nottingham College which features a mini amphitheatre, a skateable space and a multi-use games area. It will enhance biodiversity by introducing green ecologically rich areas and diverse natural spaces providing habitats and food for wildlife, forming a green infrastructure network linking across the wider Broad Marsh area from Nottingham Castle through to the Island Quarter site and beyond. The design carves into the site creating pathways, pocket spaces and seating for people to use and enjoy, bringing nature back through ecologically rich planting. A key aim is to put the ‘marsh’ back to the Broad Marsh, introducing new urban wetlands on land that was once a marshland ecosystem to capture, slow and filter rainwater, potentially preventing flooding and creating pockets of biodiversity.
Townshend Landscape Architects
Sandstone, the rock on which Nottingham Castle was built and into which the city’s unique cave system was cut, will be used for paving and seating. A long bench will arc through the planting and marsh allowing people to sit, enjoy and experience nature. Leader of Nottingham City Council, Cllr David Mellen, said: “More green space was by far the most popular response when we asked people what they would like to see happen around Broad Marsh as part of the huge Big Conversation engagement exercise the council ran a couple of years ago. “Anyone who has visited the area recently will see how much it has changed with lots of greenery, pedestrianised areas and seating. The creation of the Green Heart will take the transformation of Broad Marsh a major step further and be a beautiful addition to the city centre which is unique to Nottingham. I’m particularly pleased that Collin Street will be a family friendly space that people can enjoy right outside the new Central Library.” Gary Alden, Senior Associate at Townshend Landscape Architects, said: ”We have worked closely with Nottingham City Council and local stakeholders to design a place that encapsulates what we collectively coined ‘Nottinghamness’, creating a place that is part of, and inspired by Nottingham. “Expressing the sandstone, and creating a ‘marsh’ to manage rainwater, is a nature-led solution providing an urban wetland ecosystem for wildlife and people to enjoy. “From what the spaces once were, this has been a massive undertaking by Nottingham City Council. We are thrilled to see people enjoying the newly created public spaces on Sussex Street, and are excited that work has now started on Collin Street and then the Green Heart later this year.”

Sales slip at Eurocell

Eurocell, the manufacturer, recycler and distributor of window, door and roofline PVC products, has seen a dip in sales in the first half of 2023, against “an exceptionally strong” comparative period. According to a trading update for the six months ended 30 June, reported group sales were £184 million, down 2% on the first half of 2022, with volume 6% lower. The company said: “Against a challenging backdrop and an exceptionally strong 2022 comparative period, we have delivered some resilience in the group’s sales performance for the first half.” Eurocell added: “Last year, in a change to historical seasonal patterns, sales volume and profit generation was weighted towards H1. This reflected strong demand in the RMI (repair, maintenance and improvement) market in the first half, followed by a slowdown in smaller discretionary RMI work in H2. “For 2023 we anticipate a heavy weighting towards H2, with sales returning to a more normal seasonality and profits in the second half benefiting from lower input prices (including raw materials and hedged electricity) and operational cost savings already implemented.”

Van Elle reports record revenues

Van Elle, the ground engineering contractor, has reported record revenues and improved profitability in its results for the year ended 30 April 2023. Revenue grew to £148.7m from £124.9m in the prior year, while pre-tax profits hit £5.4m, increasing from £3.6m. The company noted that the strong trading momentum has continued into its new financial year, with all divisions operating at high activity levels. Mark Cutler, Chief Executive, said: “I am delighted to report a strong set of results, building on last year’s excellent progress as we emerged from the pandemic. “The breadth of the group’s expertise, strength of balance sheet and depth of resource allows us to offer the best value to our customers, with whom we are forging closer long-term partnerships. “The actions taken over the last three years are starting to deliver sustainable results that put us firmly on-track to deliver our medium-term financial objectives. “I want to extend my sincere thanks to our employees, suppliers and customers for their hard work and support over the last year.”

Revenue grows while pre-tax profits dip at Breedon

Breedon Group, the construction materials group, has reported a “strong” first half in its unaudited interim results for the six months ended 30 June 2023. Revenue at the company grew to £742.7m from £671.1m in the first half of 2022, however pre-tax profits dipped to £56.5m from £59.5m. Breedon noted it expects to be eligible for inclusion in the FTSE 250 and FTSE-All share indices at the next index review in September 2023.

Rob Wood, Chief Executive Officer, said“In the first half our vertically-integrated and local operating model has again come to the fore, leveraging our long-term customer relationships and deep market knowledge. Our first class team has operated with great agility to deliver a strong start to 2023 for which I thank them sincerely and we are well-positioned for the second half of the year.

“The long-term structural dynamics driving infrastructure spending and housebuilding in GB and Ireland have not changed. To ensure we can efficiently and sustainably meet long-term demand for our essential construction materials, we have re-doubled our focus on those factors under our control; keeping our people safe and well while minimising the cost of production and maximising the value of the extensive portfolio of assets we own and acquire.

“By emphasising the operational factors we can influence, we will ensure we remain competitive and continue to deliver outstanding results. By challenging our procedures and practices, we can be sure we will be in the strongest possible position when our end-markets return to growth.”

Vehicle retailer cuts headcount by 10%

Motorpoint Group, the independent omnichannel used vehicle retailer, has reduced its headcount by 10% as part of “streamlining [its] organisational structure.” In a trading update the Derby company said the move will result in annualised savings of £3m.   

Meanwhile the group’s performance has improved throughout the first quarter of its new financial year, which is expected to continue in Q2.

In a statement to London Stock Exchange, Motorpoint said: “The impacts of high inflation, rising interest rates, and consumer uncertainty continue to affect demand for used cars.

“However, like others in the industry, we are encouraged by the growing number of vehicle supply options which, coupled with our increased use of data to determine optimum selling prices, has resulted in an improvement in retail margin. This will, in part, be tempered by lower finance commission as consumer uptake for finance reduces due to increased APR rates.

“The group has also focused on the costs of the business to ensure they are aligned with current market activity and, utilising the investment in technology to date, we are able to maintain a lower headcount as we conserve cash and return to profitability, whilst ensuring we are ready to invest for growth as more favourable market conditions return.

“The group continues to be confident it will emerge in a normalised market as a leaner and more valuable business ready to seize a significant opportunity.”

Revenue rises at Mortgage Advice Bureau

Revenue is on the up at Derby-based Mortgage Advice Bureau (MAB), despite a tough environment of interest rate rises, reduced affordability, and cost of living increases. According to a trading update for the six months ended 30 June 2023, group revenue was up 21% to £116m, growing from £96.5m in the same period of 2022, with organic growth of 1% despite the market seeing a 40% drop in new mortgage approvals following the mini-budget in September 2022. Peter Brodnicki, CEO of MAB, said: “We had hoped to be in a period of interest rate stability as we entered Q3, followed by a resumption in organic adviser growth in Q4. Instead, we find ourselves in an environment of continuing interest rate rises, reduced affordability, and cost of living increases, all of which are naturally impacting consumer confidence. “Despite strong underlying demand for property, some buying decisions are understandably being delayed by our customers until we have a more stable economic and interest rate environment. “Despite the additional market pressure, I am delighted with how MAB is performing and how our market share continues to grow. Re-mortgages and increasing numbers of product transfers currently represent around 60% of our written transaction volumes. “This will deliver MAB a greater number of re-financing opportunities in the medium term, with the group’s advisers performing particularly strongly in this area. “Despite the signs of a market recovery being further off than we expected three months ago, business efficiency continues to increase, adviser productivity has been maintained, and all strategic initiatives continue to progress well. The group is well positioned to deliver further growth as the market recovers.”

Rolls-Royce upgrades profit expectations for 2023 following strong first half

A strong first half of the year has seen Rolls-Royce upgrade its profit expectations for 2023. In a new trading update the Derby company highlighted “significantly improved first half results” with higher underlying operating profit of £660m-£680m, reflecting “continued end-market growth and [Rolls-Royce’s] focus on commercial optimisation and cost efficiencies across the group.” Looking ahead, the company has raised its full year guidance, expecting underlying operating profit of £1.2bn-£1.4bn in 2023.
Rolls Royce says its multi-year transformation programme has delivered strong initial results, while an increased focus on costs and productivity has helped to offset the impact of inflation and mitigate supply chain pressures. Tufan Erginbilgic, CEO, said: “Our multi-year transformation programme has started well with progress already evident in our strong initial results and increased full year guidance for 2023. There is much more to do to deliver better performance and to transform Rolls-Royce into a high performing, competitive, resilient, and growing business. “Despite a challenging external environment, notably supply chain constraints, we are starting to see the early impact of our transformation in all our divisions. Better profit and cash generation reflects greater productivity, efficiency and improved commercial outcomes.”