Trade and assets of Derbyshire’s Nelson Distribution acquired
Kinaxia Logistics has acquired the trade and assets of Derbyshire-based Nelson Distribution, securing the jobs of all 170 staff employed in the business.
This acquisition follows Nelson Distribution’s parent company KNP Logistics Group filing a notice to appoint an administrator on Friday, September 22 2023.
Nelson Distribution, which is based in Belper, merged with Knights of Old in 2016 and generates annual turnover of £26m. KNP Logistics Group comprises Knights of Old, Nelson Distribution and Steve Porter Transport.
Kinaxia has stepped in to acquire Nelson Distribution’s 117-strong fleet, premises and customer base. All 170 Nelson Distribution staff are transferring to Kinaxia under TUPE arrangements.
Simon Hobbs, Chief Executive of Kinaxia, said Nelson Distribution would continue to serve its customer base as normal as part of the wider Kinaxia group.
He added: “We are pleased to have reached agreement to acquire the trading and assets of Nelson Distribution.
“It’s a good business and an excellent fit for Kinaxia. We share the same values, and Nelson Distribution is based in a good strategic location for our group.
“We are pleased to welcome the entire Nelson workforce and customer base to the Kinaxia family of businesses, and look forward to working with them and continuing to provide their customers with the great service they have been used to.”
Wilko pension fund deficit to be investigated
The Pensions Regulator is set to investigate wilko’s shareholders over dividends paid to themselves prior to the firm entering administration.
It comes as a £56m deficit in the wilko pension fund has been uncovered, according to reports from The Sunday Times.
The retailer’s administrators, PwC, think this deficit could be higher on a buy-out basis (£76m).
If wilko’s owners put the fund at risk, they could be made to pay any shortfalls.
Wilko’s pension scheme will be assessed by the Pension Protection Fund.
Pendragon receives revised take-over offer
Nottingham-based Pendragon has received a further unsolicited proposal from shareholder Hedin and PAG International to jointly acquire its entire issued and to be issued share capital.
The Board is considering the proposal, which offers 32 pence per share, in cash, upgraded from a 28 pence per share offer last week.
When rejecting the previous proposal Pendragon said: “The Board carefully considered the proposal, including taking advice from its advisers, and concluded that it fundamentally undervalues the company and is therefore not in the best interests of shareholders or other stakeholders.”
The news comes after Pendragon announced that it had agreed the terms of a proposed sale of the entire issued share capital of Pendragon NewCo 2 Limited (Pendragon NewCo) which will hold, either directly or indirectly through its wholly-owned subsidiaries, the company’s entire UK motor business and leasing business, to Lithia UK Holding Limited (Lithia), a wholly-owned subsidiary of Lithia Motors, Inc. for a gross aggregate consideration of £250 million. Lithia Motors is one of the largest automotive retailers in North America. Pendragon and Lithia Motors, Inc. have also agreed the terms of a strategic partnership with Lithia, including the rollout of Pinewood, the company’s dealer management software (DMS) business, to Lithia’s existing 50 UK sites and the creation of a joint venture to accelerate Pinewood’s entry into the highly attractive North American DMS market. As part of the transaction, Pendragon’s Pinewood division, which operates the company’s proprietary DMS business, would become a standalone entity, retaining Pendragon’s existing listing on the London Stock Exchange and creating a pure play Software as a Service (SaaS) business with an accelerated growth plan.Derby City Council calls on Government to take “swift and decisive action” to support train-maker
Derby City Council has called on the Government to take “swift and decisive action” to support train-maker Alstom, as it looks to ensure the future sustainability of its Derby site.
At a council meeting last week, support was given to a motion calling on government to make more contracts available for tender. While this is in no means a method of forcing contracts to be given to Alstom, the idea is to ensure it has the opportunity to compete for new projects.
The government has since said Alstom are welcome to participate in ongoing procurement processes. This could bridge a potential three year production gap, with orders for HS2 trains from Alstom’s Derby site pushed to 2026 and current orders running only until 2024.
With two thousand jobs at risk, due to delays with future contracts, including HS2, were the factory to close, the United Kingdom would become the only country within the G7 without the ability to design and manufacture its own trains.
Link ICT boost IT support team
Derby-based IT and telecoms support company Link ICT has appointed a further IT support technician as a result of growth from the education sector.
Connor Staton, who lives in Mansfield, joins the company having gained three years experience working on a graduate programme following his graduation from Sheffield Hallam University where he gained a Bachelors degree in computer networks.
In his new role, Connor will provide on-site IT support expertise to Link ICT school clients based in Chesterfield and North Nottinghamshire.
Connor said: “A lot of IT support roles are based at a single office with little interaction with hardware and setup. This role is more complex and as well as being on the front line supporting users whilst on site, I will also deal with a more diverse range of hardware and software which will allow me to learn a range of new skills.”
In his spare time Connor enjoys most sports including football, motorsports and American Football. He is also a gaming enthusiast and has set up and commentated on international events such as Dreamhack Summer, Dreamhack Rotterdam, GameForce Brussels, EGX London, the Commonwealth Esports Championship in Birmingham and student esports championships for universities and schools/colleges across the UK.
Staveley Waterside regeneration project gets green light
Approval has been granted for the Staveley Waterside project, which will revitalise the Staveley Canal Basin site.
£2.664 million has been earmarked from the Staveley Town Deal fund, to enable Derbyshire County Council to construct a 2-storey building, offering flexible space for new and existing small businesses, some retail use, and a food and beverage opportunity, with indoor and outdoor dining space, along with an access road, and mooring space.
A total of 11 units are planned within the centre, each equipped with kitchen and restroom facilities, while a new 40-metre footpath is planned along Hall Lane.
The project aims to encourage more visitors to use the canal and will also create space for around ten new businesses. Proposals were unanimously approved recently by councillors at Chesterfield Borough Council’s planning committee.
Councillor Tony King, cabinet member for clean growth and regeneration at Derbyshire County Council, said: “We’ve put together proposals for an exciting new development, which will help to bring jobs to the area and boost the visitor economy.
“Derbyshire County Council has been working alongside partners over a number of years to improve the Staveley Basin area and the Staveley Town Deal has given us a great opportunity to turn our ideas into reality, using our expertise from Markham Vale to create high-quality business accommodation as well as a visitor destination that people from near and far can enjoy.”
The Staveley Town Deal is a £25 million fund, which will bring forward multiple employment sites, and bring higher-level skilled jobs to the area.
As part of the Staveley Town Deal, Chesterfield Canal Trust is working on the restoration of the canal by extending it from the existing limit at Eckington Road. As well as improving outdoor space and creating new leisure infrastructure, it is expected that the restoration project will lead to a 20% increase in visitors to the Staveley area boosting the amount of money spent in the local economy.
Connect with the property industry this Thursday at the East Midlands Bricks Awards 2023!
Taking place on Thursday 28 September, the highly anticipated East Midlands Bricks Awards 2023 is just days away.
Set to celebrate the region’s property and construction industry, the event is also an ideal networking opportunity, presenting a chance to form new connections with business leaders from across the East Midlands, as well as hear from guest speaker Matt Wallace, Director of Estates and Building Services at Leicester City Council.
Attend the glittering awards ceremony to see who takes home the title of Contractor of the Year, Developer of the Year, Commercial Development of the Year, Residential Development of the Year, Sustainable Development of the Year, Deal of the Year, Most Active Agents of the Year, Architects of the Year, Excellence in Design, Responsible Business and of course Overall Winner.
A highlight in the business calendar, book your place at the awards now to avoid disappointment!
The event will begin at 4:30pm and continue until 7:30pm. Complementary drinks and canapés will be served on arrival, kindly sponsored by Nicholas Associates Group. Dress code is standard business dress.
After winning deal of the year at last year’s event, Richard Foxon, Managing Director at Newton LDP, said: “My colleague Sam Jones and I thoroughly enjoyed the East Midlands Bricks Awards 2022. The event was well attended, with some prestigious awards up for grabs. The evening offered a great opportunity to network with like-minded property folk, whilst enjoying the backdrop of Trent Bridge Cricket Ground. Many thanks to all the organisers and sponsors.”
East Midlands Bricks Awards 2023
When: Thursday 28 September 2023, 4:30pm – 7:30pm
Where: The Derek Randall Suite, Trent Bridge Cricket Ground
Keynote speaker: Matt Wallace, Director of Estates and Building Services at Leicester City Council
Dress code: Standard business attire
Tickets: Available here
Parking: Due to the Notts V Middlesex 4 day County Championship fixture, parking will likely be limited at Trent Bridge on the day, therefore parking has been made available for Bricks guests at the Notts Sports Club, Holme Road, NG2 5AA (by Nottingham Rugby Football Club), quoting “Bricks Awards” to any parking and gate stewards.
Thanks to our sponsors:
To be held at:
Shortlist for the East Midlands Bricks Awards 2023
Most Active Estate Agent – sponsored by OMS
BB&J Commercial
Mather Jamie
FHP Commercial Development of the Year – sponsored by MKMHBD – Power Park, Nottingham
Henry Brothers Construction – SportPark Pavilion 4, Loughborough
Bolsterstone Group Plc, Chesterfield Borough Council – One Waterside Place, Chesterfield Responsible Business of the Year – sponsored by Press for Attention PR Cawarden G F Tomlinson Aspbury Planning Limited Residential Development of the Year – sponsored by Sterling Commercial FinancePhoenix Brickwork UK Ltd – St Marks student accommodation, Lincoln
Elms Developments – Elms Phase Two Ltd
St James Securities, Grainger – The Condor, Derby
Deal of the Year – sponsored by Mather JamieRushton Hickman Limited – Branston Locks deal
Bassi Group Nottingham Ltd – Job saving Pizza Hut takeover
Rigby & Co – Aida Factory deal
Developer of the Year – sponsored by WardChevin Homes
Clowes Developments
Brackley Property Developments
Architects of the Year – sponsored by Blueprint InteriorsIMA Architects
Matthew Montague Architects
Influence Landscape Planning and Design
Excellence in Design – sponsored by CawardenChevin Homes – Amber Farm
Marchini Curran Associates – Phoenix cinema and art centre
Trident Construction Services – Lark Hill Retirement Village refurbishment
Sustainable Development of the Year – sponsored by Viridis Building Services LtdHBD – Power Park, Nottingham
Henry Brothers Construction – SportPark Pavilion 4, Loughborough
Elms Developments – Elms Phase Two ltd
Contractor of the Year – sponsored by RammSanderson CawardenEE Smith Contracts
Bowmer + Kirkland
The Overall Winner, sponsored by Streets Chartered Accountants, will also be announced at the ceremony, who will be awarded a year of marketing/publicity worth £20,000.
To be held at:
Manufacturing output falls further, with volumes tipped to be flat through to the year’s end
Manufacturers reported that output volumes declined more quickly than expected in the three months to September, according to the CBI’s latest Industrial Trends Survey. Output volumes are expected to stagnate over the next three months.
Following eight consecutive months in which expectations for selling price inflation have eased, manufacturers reported that growth in selling prices would pick up again in the three months to December. However, barring last month’s survey, selling price expectations remain at their weakest since early 2021.
The survey, based on the responses of 292 manufacturers, found:
- Output volumes fell in the three months to September (weighted balance of -10%, from -19% in the three months to August). Output is expected to be unchanged in the three months to December (0%).
- Output fell in 9 out of 17 sub-sectors in the three months to September, with the decline driven by the motor vehicles & transport equipment, chemicals and paper, printing & media sub-sectors.
- Total order books were reported as below “normal” in September to a broadly similar extent to August (-18% from -15%). This left the level of total order books below the long-run average (-13%). Export order books were also seen as below “normal,” having also deteriorated from last month (-23%, from -18%). This brought them below the long-run average (-18%).
- Expectations for average selling price inflation rose marginally in the three months to September (+14%, from +8% in the three months to August), ending a streak of eight consecutive months in which expectations had eased. Selling price expectations were comfortably below the multi-decade high seen in 2022 (+80% in March 2022), but moved back above the long-run average (+7%).
- Stocks of finished goods were seen as more than “adequate” in September (+10% from +7% in August – long-run average +12%).
Anna Leach, CBI deputy chief economist, said: “Output in the manufacturing sector weakened over the past quarter and is expected to flatline at best through the rest of this year. With order books having been below their long-run average for 8 out of the last 9 months, manufacturers see little prospect of a recovery in the final months of the year.
“Materials and financing costs are high and squeezing manufacturers and their customers alike. The Autumn Statement provides an important opportunity for the Government to lay the foundations for a sustainable recovery through a broad focus on tax incentives for investment, support with upskilling workers and help for firms to make the most of green growth opportunities.”
Mayor opens Chesterfield’s new centre for talking therapies
A new mental health centre to increase the support available in the community has been officially opened by the Mayor of Chesterfield.Councillor Mick Brady and Mayoress Suzie Perkins met Derwent Rural Counselling Service (DRCS) leaders, trustees and staff and toured the new DRCS base for talking therapies in the town, formerly the Register Office on New Beetwell Street.The centre, which has been totally refurbished by the charity which is one of the largest third sector provider of counselling services in the region, will offer resources, care and treatment for people who have experienced mental health challenges. People can access the centre via their GP, healthcare practitioner, or a self-introduction.Mayor Brady said: “What a fantastic facility. Not only has it brought one of Chesterfield’s most distinctive buildings back into use, but it provides an opportunity for people, in and around the town, to access the mental health support they need at a high street facility, which is so crucial for many people in these difficult times.”The three storey centre includes office space, numerous treatment and consulting rooms, meeting rooms and relaxation space to help cope with the increased demand for DRCS services in the area.Janette Smeeton, CEO at DRCS, said the new hub would allow the charity to offer greater access to mental health services and ensure patients receive the care and treatment required.“As well as a series of consultation rooms where people can be seen by mental healthcare professionals on a one-to-one basis, we also have areas for group sessions, which can be of real benefit to some people.”DRCS’ experienced therapists are now operating from the building, which also offers options for businesses to rent rooms and floorspace, with disabled access via new state of the art lift.Mark Serby, chair of DRCS Trustees, added: “One of DRCS’ key drivers for this new building was that DRCS didn’t want it to be seen as a typical medical-type facility, such as a hospital or health centre, as they didn’t want any stigmas attached to it.“This new centre offers a variety of services and hopefully a brighter future for its users.”The Beetwell Street hub is part of ambitious plans for DRCS which operates a large team of freelance and employed staff based at seven centres across the county covering the Amber Valley, Erewash, Chesterfield, Buxton, Matlock, Ashbourne, Derby, Swadlincote and the Peak District. Over the last 30 years, DRCS has offered talking therapies for common mental health conditions such as depression, anxiety, stress and long term conditions through pathways including counselling, CBT and guided self-help. In the last eight years, DRCS has been in partnership with Derbyshire Healthcare Foundation Trust to deliver the NHS talking therapies for anxiety and depression service, throughout Derbyshire.
Leicester construction event to build relationships
Team Leicester and Met Events will launch their first property and construction lunch on Friday, October 6 at The City Rooms, Leicester.
The lunch will feature a keynote address from Richard Sword, Strategic Director at Leicester City Council, and Andrew Smith, Director of Planning Development and Transportation. Present at the event will be other leading figures from local authorities within the county as well the wider property and construction industry. The speakers will discuss the latest development progress in the city, the challenges faced, and the future masterplan for the City Centre.
“We are delighted to be working with Met Events to deliver this important event,” said Rob McGuinn, Director of Team Leicester. “This is a great opportunity for businesses to connect with key decision-makers in the city and learn about the latest developments in the property and construction sector. We are expecting nearly a hundred people to be in attendance to hear about the future opportunities and growth of our region.”
Julie Merryweather, Director at Met Events, said: “The Property and Construction events are a great way to learn about the latest developments in the sector, and network with other professionals. We have been overwhelmed by the positive response so far with attendee numbers surpassing our initial expectations.”
The lunch is open to all businesses involved in the property and construction industry and is sponsored by multi-disciplinary consultancy Pick Everard. Tickets are available online at Leicester Property and Construction Lunch (met-events.co.uk)
