Geldards has advised Derbyshire-based Arctic Cabins on its transition to an Employee Ownership Trust (EOT). A family-run business established over twenty years ago by owner Gareth Parkinson and his Finnish wife Virpi, Arctic Cabins takes inspiration from the Scandinavian lifestyle which places sturdy wooden shelters, often with a central BBQ, in communities and national parks as refuges to be used by the community. The trend for homeworking since the pandemic, coupled with a gardening boom, has seen the demand for practical home office solutions and additional living space skyrocket, and Arctic Cabins have experienced a huge surge in demand for their versatile wooden cabins as a result. Manufactured in Derbyshire, the company relies on its skilled carpenters and craftspeople to produce a high quality range of cabins and BBQ huts and its product range has grown over the years, to include the Cabin Master brand which offers bespoke insulated garden rooms which are hand crafted to customers’ exact specifications. Protecting the hard-won business legacy built up by a dedicated workforce over the decades, was a primary consideration for Gareth when planning for his exit from the business. Keen to secure the future of the business, protect staff jobs and retain highly skilled employees, a transition to an Employee Ownership Trust was the right solution for Arctic Cabins. An Employee Ownership Trust hands ownership of the business to employees, rather than a sale on the open market, and trustees are appointed to ‘look after’ shares in the business on behalf of the employees. The rise in popularity of Employee Ownership Trusts has grown enormously over the past two years, with business owners becoming alive to the benefits that EOTS can offer. They prove to be an effective model to realise a succession plan for business owners, which puts employees at the heart of the decision. Geldards advised Arctic Cabins on the formation of an Employee Ownership Trust and the purchase by the EOT of the entire share capital. Andrew Evans, partner at Geldards, said: “It was great to be instructed by Gareth and the team at Arctic Cabins as long time clients of the firm, and take them through the challenges of a transition to employee ownership. The positive feedback from the initial presentation to all the staff and the enthusiasm of the employee trustees emphasised the suitability of Arctic Cabins for employee ownership. I look forward to continuing to work with Arctic Cabins in the future.”

Nottingham specialist pharmaceutical services company, Oncimmune Holdings, has revealed a new plan for delivery of refocused growth and changes to its board and executive leadership team. It comes after the recent divestment of Oncimmune Limited to Freenome Holdings, Inc., which strengthened Oncimmune’s cash position and provides its ImmunoINSIGHTS services business with guaranteed minimum revenues for at least the next two years from Freenome, as well as allowing Oncimmune to restructure and partly repay its loan with IPF Partners. It also follows losses widening to over £11m at Oncimmune, with administrative and research & development expenses jumping, in the firm’s 2022 financial year, despite a slight revenue rise. Oncimmune’s Board believes the company is now poised to enhance shareholder value by: refocusing commercial efforts towards higher value customers and Oncimmune’s core services offering, continuing to penetrate key customers with whom Oncimmune has long term contractual relationships, partnering with key technology suppliers on cross-selling opportunities, launching new biomarker tools as well as novel service offerings for measurement of certain biomarkers, and carefully controlling and optimally utilising its operational cost base and central overheads. As part of the refocussing of Oncimmune’s business, Dr Adam M Hill will be stepping down as CEO and as a director of the company. Pending the appointment of a permanent successor, the Board has appointed Ron Kirschner, the company’s general counsel and company secretary, as acting CEO, and a director of the company. The company is actively recruiting for additional resources in its leadership team. Alistair Macdonald, Oncimmune’s chairman, said: “The Board would like to thank Adam for his foresight, perseverance and hard work, often in challenging conditions, over the last five years. I also welcome Ron to his new role. “Since joining Oncimmune three years ago, Ron has been an instrumental part of the company’s operational and strategic leadership, providing close support to the Board throughout. The Board is grateful to Ron for stepping up to lead the company as it refocuses and as it builds a new senior executive team. “Certain of the company’s shareholders have recently engaged the Board and executive team to contribute their views on the future strategy of the company, for which I am grateful. The Board believes that the plan we set out today is the one best designed to capitalise on the company’s resources and create value for all shareholders. “I, and the rest of the Board, will continue to engage with our wider stakeholders to ensure that we remain attentive to all views as we deliver best-in-class service offerings to our customers. “Whilst the current headwinds in our sector are expected to lead to a tough end to our financial year ending August 2023, the Board believes that the company now has a solid foundation in place from which to launch the new plan to deliver growth through FY2024 and beyond.” Adam Hill, Oncimmune’s outgoing Chief Executive Officer, said: “I am delighted to have had the opportunity to lead Oncimmune for the last five years. As I transition to a new opportunity, I look forward to seeing the new team drive the next stage of the organisation’s journey.”

Providing an ideal opportunity to shout about your business’s achievements, enter the East Midlands Bricks Awards 2023 NOW – ahead of nominations closing on Thursday 31 August. The prestigious event, organised by East Midlands Business Link Magazine, is an independent awards and publicity programme recognising development projects and people in commercial and public building across the region – from office, industrial and residential schemes, through to community projects such as leisure schemes and schools. The annual awards attract leaders from throughout the East Midlands and are the perfect way for businesses to promote themselves and those they work with. Indeed winning one of these awards will add considerably to a company’s or individual’s brand and enhance their commercial reach significantly. Award categories include: most active estate agent, commercial development of the year, responsible business of the year, residential development of the year, developer of the year, deal of the year, architects of the year, excellence in design, sustainable development of the year, contractor of the year, and overall winner. Winners will be revealed at a glittering awards ceremony on Thursday 28 September, at the Trent Bridge Cricket Ground – an evening that will also provide plenty of time to forge new contacts with property and construction professionals from across the region.

After winning the most active agent award at last year’s event, Amy Bidell, director at Mather Jamie, said: “Apparently this category had so many entries that whittling it down to the three finalists was really hard to do, but we were told that we were chosen as the outright winner because of the our impressive track record of supporting clients to maximise the value of their property assets for the longest timeframe.

“Judges were also impressed by our commitment to the community, particularly our fundraising efforts during our 30^th anniversary year when over £55,000 was raised for local charities.”

She added: “It would not be right to accept this award without giving credit to everyone in our commercial, development and agricultural teams who have worked so hard to make this award win possible by providing a high level of strategic land development advice as well as rural and commercial agency and property management services.”

To nominate your (or another) business/development for the East Midlands Bricks Awards 2023, please click on a category link below or visit this page:

Book your tickets now

Tickets can now be booked for the East Midlands Bricks Awards 2023 – click here to secure yours. The special awards evening and networking event will be held on Thursday 28 September 2023 in the Derek Randall Suite at the Trent Bridge Cricket Ground from 4:30pm – 7:30pm. Connect with local decision makers over canapés and complimentary drinks while applauding the outstanding companies and projects in our region, and hear from Mike Denby, Director of Inward Investment and Place Marketing at Leicester City Council, our keynote speaker. Dress code is standard business attire. Thanks to our sponsors:                                                             To be held at: