Fresh prepared food firm acquires humous brand

Bakkavor Group, the provider of fresh prepared food with a number of sites in Lincolnshire and Newark, has acquired Moorish, the UK humous brand. The Moorish brand was founded in 2012 by Julie Waddell and the product range includes the award-winning, UK-first, smoked humous. Today Moorish products are distributed across a number of major supermarket outlets and independent retailers, with revenue of over £2m. Moorish will sit alongside other brands that Bakkavor is working with, including Pizza Express, The Delicious Dessert Company, The Pizza Company and more recently Pinch. The Managing Director of Moorish, Andy Atherton, will remain in a consultancy role to support the brand transition to Bakkavor’s new ownership. Julie Waddell, founder of Moorish, said: “Since starting from my kitchen table in 2012, it’s been quite a journey to see the business grow into what it is today. I’m incredibly proud of what Moorish has achieved and have thoroughly enjoyed growing the brand and product range from scratch to success with my team. “I feel very fortunate that for the last 12 years my job has been to create innovative, delicious products that are loved by consumers across the UK. In Bakkavor, there are so many great opportunities still to explore with the brand and I will enjoy watching Moorish flourish as the new owners take it to the next level.” Mike Edwards, CEO of Bakkavor Group plc, said: “The high-quality, innovative Moorish products will be a great addition to our existing brands and will complement our existing dips business. “The Moorish brand has so much more potential than just humous and we are excited about expanding it into other relevant Bakkavor categories in the future. We’d like to congratulate Julie, Andy and the team on the great brand they have built and are looking forward to it growing further under our ownership.” A corporate finance team from Dow Schofield Watts’ Leicester office led by partner Harry Walker, director Fahim Kassam and associate director Daniel Chouciño, together with a legal team from Gunnercooke in Leicester led by Jahid Ali, advised the shareholders of Moorish. Bakkavor Group plc were advised by a team from Gowling WLG’s Birmingham office, led by Chris Towle and Andreea Serban. Commenting on the deal, Harry Walker added: “We’re really pleased to have found a fantastic partner for Moorish moving forwards. Working with Julie, Andy and the team to prepare the business for sale and then identify the right home has been a pleasure. We are looking forward to seeing Moorish in even more outlets in the future and continuing to enjoy their amazing products!”

Works progressing on new £3.6m medical centre in Leicestershire

Midlands contractor, G F Tomlinson,  is progressing works on the new Barwell Medical Centre in Leicestershire. The new two-storey doctor’s surgery, located off High Street, Barwell, will replace the existing centre on Jersey Way, which is at capacity and unable to meet the growing demand for its services from the local community. Due for completion in June 2024, the new medical centre will provide modern healthcare facilities to many more local people, with demand expected to grow from its current 6,400 to 11,000 users over the next five to ten years. The additional space at the new centre will allow it to provide a greater range of much-needed health services, including physiotherapy and mental health support. The new L-shaped building will consist of 12 consulting rooms, a space for minor surgical procedures with recovery facilities, a health promotion area, as well as 52 car parking spaces and six cycle racks. The centre will be constructed to BREEAM Excellent standards, ensuring the long-term sustainability of the new Medical Centre. Demolition works at the unused brownfield site have already taken place which saw the removal of a former vehicle workshop and warehouse. Adrian Grocock, Group Managing Director at G F Tomlinson, said: “To be delivering this new contemporary medical facility which will enable more local people to access vital medical care, as well as its expanding specialist services, is a privilege. “G F Tomlinson is vastly experienced in the delivery of healthcare schemes and understand the incredibly important role they play in the local community. The team and I are looking forward to seeing this significant facility progress over the coming months.”

Masterplan revealed for Nottingham’s Broad Marsh

The Masterplan to transform the Broad Marsh area of Nottingham has been unveiled. It progresses on from just an idea of the Broad Marsh Vision, to show exactly what the area needs and what would successfully work when developing the scheme. It shows how the area could look when creating new homes, offices, leisure and green spaces. The Masterplan shows how to transform the area to create opportunities to live and work in the area, bring investment and employment for local businesses. This plan will help realise the bold vision for the site created with Heatherwick Studio following the Big Conversation, an extensive public consultation which attracted more than 3,000 responses and 12,000 comments. Key elements of the Broad Marsh vision include:
  • 1,000+ new homes
  • Around 2,500 new jobs
  • Around 20,000 sqm office & commercial & leisure
  • Excellent Public Realm
  • Retention of part of old shopping centre’s structural frame to provide opportunities for innovative new spaces including NHS CDC and a Caves visitor attraction.
The Masterplan has been created by major international architecture and design practice BDP and property advisor JLL, after Nottingham City Council appointed them to develop the plan for one of the largest and most significant city centre projects anywhere in the UK. The plan will be used to help the council continue its dialogue with Homes England and the new EMCCA to de-risk and prepare the area ready to take to the market. Cllr Neghat Khan, Leader of Nottingham City Council, said: “The plan shows we are committed to finding a solution for Broad Marsh and attracting investment to support the transformation. We will continue to work with partners to find the investment and developers needed to deliver our vision. “The surrounding area has changed dramatically, from the new Central Library, bus station and car park plus new pedestrian areas along Sussex Street and Collin Street with its new play area. “We also have plans for the new NHS Community Diagnostic Centre in part of the old shopping centre and one of the biggest transformations is happening right now, with work on the Green Heart due to finish this summer. This is a significant improvement for the people of Nottingham.” The Broad Marsh sits at the heart of the council’s current c£4bn regeneration programme. Currently building work is happening to create the new wildlife-rich Broad Marsh Green Heart. A new green space will be a place to enjoy nature with 38 semi mature trees, 34 of them newly planted, plus areas of colourful planting, a new ‘marsh’ area and several footpaths and places to sit. The Green Heart is also a key pedestrian route, so there will be a main path creating a clear and direct route from the train station to the city centre. This pedestrian route will be well lit at night and will be the route to all the other seating areas during the day and a place for people with limited mobility to stop and rest. The Green Heart is the latest piece of the wider Broad Marsh public realm redevelopment. Most recently, a new play space was opened on Collin Street, which features specially designed swings, a play trail with timber stepping blocks, balancing walkways, a seesaw and green planting. This new play space is part of a Playable Cities Initiative and supports the city’s journey to become a UNICEF Child Friendly City. As well as the new play space, Collin Street is now fully open for people to walk through, with a traffic-free route connecting the Green Heart and Lister Gate, with the new green public space on Sussex Street next to Nottingham College, which features a mini amphitheatre, a skateable space and a multi-use games area. The Broad Marsh regeneration has already seen the development of a new Central Library, Car Park and Bus Station, as well as a new Nottingham College city hub, which has transformed streets and public spaces in the area by increasing footfall, particularly supporting businesses on Lister Gate. Recently, it was revealed that a new state-of-the-art Community Diagnostic Centre will be located on the Broad Marsh regeneration site and will be run and staffed by Nottingham University Hospitals NHS Trust. The CDC will be a one-stop shop which support GPs by providing direct access to diagnostics services such as MRI, CT, x-ray, ultrasound, echocardiography, ECG, and lung function testing. The Broad Marsh Masterplan was unveiled at a special Nottingham event at UKREiiF last night, hosted by Marketing Nottingham and Nottinghamshire’s Invest in Nottingham. Urban Design Director, David Rudlin, is overseeing the Broad Marsh Master planning process. He said: “This project represents a pivotal moment for the city of Nottingham. Building on previous work, we have created a viable scheme that will deliver a lively and creative new urban quarter breathing new life into this important city centre site. “We are also seeking sustainable solutions on how to reuse part of the shopping centre’s existing concrete frame to support the development of a range of new spaces that will offer services that will benefit the community.” Megan Powell Vreeswijk, CEO of Marketing Nottingham and Nottinghamshire, said: “Unveiling the Broad Marsh Masterplan presents an unparalleled opportunity for investment and growth for Nottingham. “This transformative project is set to reshape Nottingham’s landscape, creating a welcoming gateway into the city centre, with over 1,000 new homes, 20,000 sqm of office and leisure space, and around 2,500 new jobs. “The retention of the old shopping centre’s structural frame for innovative spaces, including an NHS Community Diagnostics Centre and a Caves visitor attraction, further underscores the vision driving this redevelopment and highlights the importance of tourism and innovation in our region. “Team Nottingham, which is headed up by Marketing Nottingham and Nottinghamshire’s Invest in Nottingham, are looking forward to launching the Broad Marsh Masterplan at this week’s UKREiif investment event in Leeds alongside other exciting development sites across the region.” Phil Farrell, JLL’s development director for the Midlands, led their input into the master plan process. He said: “JLL have been supporting Nottingham City Council for a number of years on Broad Marsh. We were delighted to work with BDP, a world class master planner, to bring this concept to life. “Broad Marsh is one of the largest urban regeneration projects in the UK today, and certainly the most transformative.  It sits at the very centre of the city connecting the retail core and office quarter to the emerging areas around the railway station and river. “Broad Marsh will become the heart of the city; delivering a modern employment, residential and leisure experience, sensitively integrated into world famous heritage. JLL are proud to have been involved in ensuring this master plan is both aspirational and commercially viable.”

Rolls-Royce’s transformation on track

Rolls-Royce’s transformation is on track after a strong start to the year, building on a record performance in 2023.

Chief Executive Tufan Erginbilgic stated: “Our work to transform Rolls-Royce into a high-performing, competitive, resilient and growing business is continuing with pace and intensity as we execute on the granular strategy we set out last November.

“We are driving growth, delivering contractual improvements and improved margins, unlocking efficiencies and creating value across the Group. We have had a strong start to the year, despite continued industry-wide supply chain challenges.

“This builds on our record performance in 2023 and provides further confidence in our guidance for 2024. The focused investments we are making will continue to drive growth and create value for all our stakeholders in the mid-term and beyond.”

In a new trading update the business said it was continuing “to demonstrate a strong track record of delivery,” adding: “Our operating profit and cash growth reflects an underlying performance improvement driven by the impact of our strategic initiatives, notably commercial optimisation including contractual improvements, cost efficiency actions, and the effective management of ongoing supply chain challenges.” Rolls-Royce’s full year 2024 guidance is unchanged, with a broadly balanced weighting for both profit and cash flow across the year. The business also noted it has reduced its gross debt position by repaying a EUR 550 million bond from underlying cash and cancelled its last remaining UKEF-supported undrawn loan facility, both enabled by a more resilient and growing cash delivery.

In positive news for its Civil Aerospace division, long-term service agreement large engine flying hours (EFH) have returned to 100% of 2019 levels in the four months to 30 April, driven by the continued recovery of international traffic in Asia and Rolls-Royce’s growing fleet.

Furthermore, the momentum of new widebody business wins has continued with VietJet and Starlux orders announced during the Singapore Air show. In addition, IndiGo, one of the fastest growing airlines in the world, recently agreed to order 60 Trent XWB engines.

In Defence, the long-term growth of the business has been underpinned by several recent contract awards, while in Power Systems, a strong position in the data centre market is providing growth opportunities as Rolls-Royce sees higher demand from artificial intelligence and cloud services providers. Demand for governmental applications also remains high as states increase their investments in defence capabilities.

Following Rolls-Royce’s announcement of proposed organisational changes in October 2023, the business said is it now “on track to deliver the annualised sustainable benefit of around £200 million by the end of 2025. Consultation is advanced and continued progress is expected during the remainder of the year as we implement a simpler and more strategically focused agile organisation.”

Historic 19th century Derbyshire hospital building sold to residential developer

An historic 19th century Derbyshire hospital building has been sold to a residential developer. Newholme Hospital, in Bakewell, which originated as a workhouse in 1841 and is now being decommissioned by the NHS, has been sold by property consultancy Fisher German to an undisclosed residential developer. Fisher German acted on behalf of NHS Property Services Ltd to market Newholme Hospital after it became surplus to requirements following the announcement of a new £11 million NHS integrated health hub which is being constructed on land adjoining the site and is expected to open later this year. Despite turbulent market conditions as a result of rising interest rates and the complexity of the site, including five Grade II listed buildings, Fisher German has now completed the sale. The hospital is expected to close when all current health services transfer into the new integrated health hub. Newholme Hospital was marketed as a development opportunity, with potential to transform the site, including its Grade II listed buildings, into residential accommodation. The developer will be revealing its proposed plans for the site in the coming months. Rupert Collis, of Fisher German, said: “We are extremely pleased to complete the sale of Newholme Hospital on behalf of NHS Property Services Ltd. “We worked closely with NHS Property Services throughout the process, as well as with its planning consultants Planning and Design Group, who produced an in-depth development brief which provides guidance to support the redevelopment of Newholme Hospital and was in-turn endorsed by the Peak District National Park Authority. “This was a particularly challenging site due to the restrictions around the development of Grade II-listed buildings, but we were able to secure a purchaser with a strong reputation in the industry. “The deal also highlights the returning buyer confidence in the commercial development market now that interest rates have stabilised. “The developer has not yet revealed its plans for the site, but we are confident that any proposed scheme will be highly positive for Bakewell. “It would also sit alongside what will be a modern new NHS facility for those living in Bakewell and the surrounding area.”

£8m Early Stage Angel Investment Fund launched for Derbyshire and Nottinghamshire businesses

D2N2 LEP Chair Elizabeth Fagan announced the launch of D2N2 LEP’s Early Stage Angel Investment Fund at the UK’s Real Estate Investment and Infrastructure Forum (UKREiiF) in Leeds yesterday. Speaking at the interactive panel session ‘Focus on the East Midlands, our Time is Now’, alongside East Midlands Mayor Claire Ward, Elizabeth said: “I’m delighted to announce today that we are launching our Early Stage Angel Investment Fund here in Leeds at UKREiiF. “The purpose of the Fund is to stimulate investment and growth in ‘early stage’ companies – those that have been trading between six and 24 months – that are based in Derby, Derbyshire, Nottingham or Nottinghamshire (the D2N2 region). “D2N2 LEP is contributing £4 million to the Fund and this will be match-funded by our investment fund manager, Haatch. Our aim is that over the longer term, these funds will be re-invested in the programme, to catalyse investment and growth for further early stage companies.”

Swift deal sees redevelopment of Burton property

Rushton Hickman has successfully appraised, marketed and sold 114-116 High Street, Burton upon Trent on behalf of client Great Central Properties Ltd, within a timeframe of just two months. Regional Contractors Ltd has acquired the freehold of 114-116 High Street, Burton upon Trent, with plans to redevelop the first floor into residential apartments and modernise the ground floor for retail purposes. Taylor Millington, the surveyor responsible for the transaction, said: “It is always positive news when a transaction progresses swiftly, resulting in a mutually beneficial outcome for all parties involved. “Given the significant amount of interest the property got within the first week, we were able to quickly negotiate a strong deal for our client along with an agreed quick turnaround.” Taylor continued: “The property requires extensive redevelopment to transform it into a mixed-use investment, but this is something that Regional Contractors Ltd were happy to take on. “The modernisation of the retail shops will bring continued growth and addition to the busy high street and the repurposing of the upper floor into residential accommodation will help bring much needed homes to the market.” Great Central Properties Ltd said: “I cannot express my sincere appreciation for the outstanding work the team at Rushton Hickman have done in marketing and facilitating the sale of our commercial property. “The dedication, professionalism and strategic approach to marketing the property have been instrumental in attracting potential buyers. The comprehensive marketing campaign, including the well-designed promotional materials and online presence, showcased the property in the best light possible. “The team’s prompt communication, attention to detail and proactive approach exceeded my expectations and I want to express my gratitude for all the hard work, commitment and the positive attitude that was brought to every aspect of this sale. “I look forward to the opportunity of working together in the future, on my next purchase.”

East Midlands company introduces new leadership team to help promote fire safety

As part of a continuous drive for innovation and excellence in fire safety, Firechief® Global is excited to announce the formation of a new Senior Leadership Team. This strategic move will improve organisational structure and enhance leadership capabilities, supporting Firechief® Global’s mission of making the world a safer place.

The vision at Firechief® Global has always been clear – to create a world where everyone can live and work free from the fear of fire. To help bring this vision into reality, the Senior Leadership Team will be focused on strategic growth, product innovation, and delivering the superior service levels that customers value so highly.

Headed up by the Managing Director, the Senior Leadership Team is a compact team of 4 individuals, each bringing a wealth of experience and a unique perspective to the table. The team consists of:

Laurie Pollard – Managing Director

With more than 2 decades of experience in the fire safety industry, Laurie is keenly aware of the devastation and damage that fire can cause and is passionately driven to make the world a safer place through market-leading fire safety solutions. Laurie leads from the front in building on the past 20 years to develop strategic growth plans, creating a high-performance team focused on delivering results.

Ian Poole – Sales and Marketing Director

With experience across multiple sectors, including the care sector, Ian is highly motivated to help care for and protect others. He leads Firechief® Global’s sales and marketing teams, championing education and awareness of fire safety in both commercial and domestic environments.

Sean Hutchinson – Operations Director

With a robust background spanning 30 years in procurement, Sean brings a wealth of experience to the operational management of Firechief®. A CIPS member since 2006, Sean is driving improvements across the full operations team, including supply chain, fulfilment, compliance, and new product development. Sean enjoys developing strategic partnerships with partners across the operations function. 

Chetan Thakar – Finance Director

With more than a decade of experience leading the Finance team at Firechief® Global, Chetan has developed a robust and sustainable financial structure at Firechief® Global. Carrying a degree in Accountancy & Finance, Chetan plays an instrumental role in steering strategic financial planning and ensuring the financial health of the company.

Freeports sign green freight corridor initiative

Freeport East and East Midlands Freeport have formed a new partnership to support a green freight corridor that will help decarbonise transport and drive enhanced skills and employment initiatives along the length of one of the UK’s most important transportation routes. The Memorandum of Understanding (MOU) was signed by Freeport East CEO, Steve Beel, and Tom Newman-Taylor, CEO of East Midlands Freeport, on Wednesday 22 May at UKREiif. The MOU underlines both parties’ commitment to working with a range of public and private sector partners, particularly in the logistics sector, to deliver a greener transportation corridor. Building on the opportunities created by the Government’s recently published Freeports Delivery Roadmap, the initiative will emphasise the need for greater investment to support the decarbonisation of transport flows between the two freeport locations. By working together, the freeports will accelerate the technologies, business models, innovation and infrastructure needed to drive decarbonisation by utilising green hydrogen, electric charging systems and novel technology applications, such as digital twins. Green Corridors are already an established part of the maritime decarbonisation sector. Delivering a green corridor initiative between the UK’s largest container port and the heart of the Midlands logistics Golden Triangle, offers the opportunity to combine maritime and land transport decarbonisation initiatives to reduce the carbon footprint of goods entering and leaving the UK.
Every day, over 5,000 trucks and daily freight trains leave the ports in the Freeport East area, of which the majority head towards the Midlands and onwards to others part of the UK. The largest of these ports, Felixstowe, is the main gateway to the UK from the Far East and a range of global destinations. East Midlands Freeport, which is centred on the Golden Triangle for logistics, road, rail and the UK’s largest dedicated air cargo operation at East Midlands Airport provides significant opportunities to drive clean fuel applications that will influence the whole of the UK.
Projects already underway that will support the corridor include development of green logistics infrastructure in Felixstowe, Stowmarket and East Midlands Gateway. Freeport East is also developing a Green Hydrogen Hub that will support clean fuels for transport decarbonisation while East Midlands Freeport is supporting the transition of the UK’s last coal fired power station at Ratcliffe on Soar to a clean energy production hub. The Government has set an ambitious target of growing rail freight by at least 75% by 2050 alongside delivering a net zero rail network. It is investing in zero emission HGV demonstrators ahead of a planned phase out of non-zero emissions HGV sales by 2040. Benefits of a green corridor would not only support the UK’s aspirations on net zero, but also help minimise the impact of freight transport in places like Cambridge, Ipswich and Leicester. The parties have also identified the opportunity to strengthen collaboration on skills developments – East Midlands Freeport is progressing plans for a Future Energy Skills Hub and £17m has been invested in a Zero Carbon Innovation Centre, while Freeport East is looking to develop new innovation and skills centres in Stowmarket and Harwich. The Green Corridor initiative will drive a new focus on the demands for transport and energy planning, green logistics and operation of new vehicle fleet and fuels, all of which will require new skills for the future. Tom Newman-Taylor, Chief Executive of East Midlands Freeport, said: “This exciting initiative illustrates how Freeports can be forerunners in the decarbonisation of transport and industry. We’re looking forward to working with Freeport East and our partners to deliver greener freight along this important corridor. With large-scale clean energy investments we can drive demand and opportunities for greener logistics, using our central location to deliver widespread change.” Steve Beel, Chief Executive of Freeport East, said: “Our Green Corridor initiative reflects the commitment of our freeports and industry partners to deliver more sustainable and decarbonised transportation. For goods travelling into and out of the UK, to destinations ranging from Europe, to the Far East and the rest of the world, this will facilitate greener logistics through the Ports of Felixstowe, Ipswich and Harwich to the heart of the UK economy and beyond.”

Regeneration of Leicester’s market place under review

Plans for the regeneration of Leicester’s market place could be under review, now that the demolition of the old market infrastructure has revealed the potential of the historic space. The removal of the old roof and the heavy wooden stalls has opened up views of the attractive heritage buildings that surround the market area and highlighted the dramatic scale of the space, prompting City Mayor Peter Soulsby to question whether reintroducing new permanent infrastructure onto the site would be the right thing to do. Council officers have now been tasked with drawing up alternative proposals, which would see Leicester’s market traders moving to a purpose-built location next to the Food Hall – and would allow the former market site to revert to its original purpose as an important meeting place in the heart of the city centre. Archive photographs from the early 20th century show the market area as a vast open space where people would gather for political rallies or national celebrations. Market stalls would be packed away when not in use, leaving the space free for festivals and other special events – a flexibility that the City Mayor is keen to see restored. “I’m sure I’m not the only one who watched the old market roof come down and was blown away by what was revealed,” he said. “As the demolition team cleared the site, I was struck by the scale of the space and the quality of the surrounding architecture. “It made me ask myself if we were missing an opportunity to do something really special. “If we install new permanent infrastructure on the site – with stalls that would be used for just eight hours a day, six days a week – we won’t be able to use this extraordinary space for anything else. And once those new stalls are in place, they’ll probably be there for the next 30 years. “We therefore have a once-in-a-generation opportunity to do something quite bold – and that’s to reconsider our plans and create the impressive, flexible space for large-scale public events that we currently don’t have in Leicester city centre.” Under the new proposals, the city council would demolish the unattractive 1970s buildings at 12-20 Market Place to create a wide cut-through to Cank Street. The space created would accommodate a mix of market stalls and container units in a modern trading environment, protected from the elements by a roof. City Mayor Peter Soulsby said: “I met with representatives of the market traders this morning (Wednesday) to explain my shift in thinking and to talk through the ideas. “While I fully appreciate their concerns about work being paused on site, I hope I was able to convey that I believe we have an opportunity to make a good scheme even better. “The proposed location for Leicester Market is a brand new cut-through that would link Market Place with Cank Street and the shops and bars of St Martin’s Square. Footfall would therefore be high – and the market’s proximity to the popular Food Hall would create a strong food-themed destination. “With Marks & Spencer announcing the closure of its Gallowtree Gate store, and with city centres everywhere becoming less reliant on traditional retail, it’s clear that Leicester city centre must keep evolving to ensure that it continues to be somewhere that people want to visit – and want to invest in. “This new proposal would provide our market traders with the clean, contemporary and attractive market area they need – and provide the city with a striking open space that could become home to the Christmas ice rink, the summer beach, live performances, outdoor cinema, food and drink festivals, national celebrations, and even open-top bus parades for our brilliant sports clubs. “Of course there’d be work to do to upgrade and refurbish the beautiful old buildings that surround the space, and to attract the cafés and bars that would help to animate it, but our intention would be to seek funding to support the conservation work and to work with development partners to bring new life to the area. “I’m now convinced that the right thing to do is to pause work on the current scheme to give people a chance to have their say, and I look forward to hearing those views.” Any comments on the new ideas for Leicester Market can be emailed to TheMayor@leicester.gov.uk by Friday 14 June.