Frasers Group acquires online fashion retailer

Shirebrook-based Frasers Group has acquired online fashion retailer I Saw It First.

The business, which today has over 5 million consumers, has rapidly grown its digital presence since launching in 2017.

Frasers said it “looks forward to integrating I Saw It First” and that the business will “benefit from the strength and scale of Frasers Group’s platform and from the integration with Frasers’ recently acquired business, Missguided.”

Strong trading continues at Forterra

Forterra, the manufacturer of clay and concrete building products, has “delivered a strong performance in the first half of 2022 supported by a backdrop of robust market conditions.” The company noted that brick sales volumes were slightly ahead of the prior year and in line with 2019, limited only by capacity constraints rather than demand, with factories generally operating at capacity and with inventory levels remaining at record low levels. Results have also benefited from the firm’s ability to pass on cost inflation to customers, with two price increases delivered in the period. For the six months ended 30 June 2022, Forterra posted total revenue of £222.8m, an increase of £42.5m (23.6%) on the prior year (£180.3m) and an increase of £29.2m (15.1%) on 2019 (£193.6m). Meanwhile the company reported adjusted profit before tax of £37.3m, compared with a profit of £27.1m in 2021 and £32.7m in 2019, and a statutory profit before tax of £44.2m, compared with a profit of £29.1m in 2021 and £32.7m in 2019. Full year expectations have now slightly increased. Stephen Harrison, Chief Executive Officer, said: “Forterra delivered a strong performance in the first half of 2022, against the backdrop of robust market conditions. Sales volumes were slightly ahead, limited by capacity constraints rather than demand, with our factories generally operating at capacity and with inventory levels remaining at record low levels. “We also benefited from our ability to pass on cost inflation to our customers with two price increases delivered in the period, facilitating an improvement in margins relative to 2021 as a whole. “We continued to produce strong operating cash flows, enabling us to progress our strategic capital investment and innovation plans. Our strong financial position allows us to increase capacity, to better serve our customers; to focus on efficiency; and to reduce our carbon footprint, thus progressing our sustainability agenda. “We anticipate current trading conditions will continue in H2, despite growing macro-economic uncertainty. The temporary closure of our Wilnecote brick factory, ongoing capacity constraints and the closure costs and inefficiencies relating to the old Desford brick factory will influence H2 performance. Despite this, the performance to date and our expectations looking forward, lead the Board to anticipate a full year 2022 result slightly ahead of the Board’s previous expectations.”

Positive progress for Microlise despite challenges of global microchip shortage

Microlise Group, the Nottingham-based provider of transport management software to fleet operators, is witnessing positive progress despite the challenges created by the global microchip shortage. According to a half year update on trading for the six months to 30 June 2022, the group has seen strong recurring revenue growth with ARR increasing by 10.5% to £40.2m. Microlise has added 60 new customers in the period and expanded its partnerships with existing customers, including MAN Trucks in Malaysia. The business said full-year revenue and profit are to be in line with market expectations. The planned retirement of Bill Wynn, chief financial officer, in Spring 2023, has also been announced.

Nadeem Raza, CEO, Microlise, said: “2022 has shown the vital role Microlise plays in supporting the transport industry through a challenging period. A perfect storm of problems has hit the sector, including the pandemic, Brexit, driver shortages, and a fuel crisis. Fuel accounts for a third of all transport costs and Microlise’s technology gives customers greater visibility and control over their fleets’ fuel consumption.

“Our healthy commercial performance with new customers signing up and existing customers extending their relationships shows how critical Microlise is to our client’s fleet operations. The successful return of the Microlise Transport Conference further highlighted our position as a key industry component.

“Looking ahead, the group has a healthy pipeline of opportunities. We are focused on delivering our acquisition strategy and developing and expanding our product portfolio. In the long term, operators face growing pressure to ensure that fleets are efficient and sustainable. As a result, we are confident the business will meet expectations for the full year and deliver long-term value to our shareholders.”

Rolls-Royce Nuclear Skills Academy set to open doors this autumn

A new academy dedicated to nuclear training in Derby is set to welcome its first set of apprentices this autumn at Infinity Park. Earlier this year, Rolls-Royce Submarines announced plans to open a dedicated training facility as part of its initiative to boost nuclear capability in the UK. The engineering giant will introduce an extra 200 apprenticeships each year for at least the next 10 years to create a pipeline for nurturing talent. The iHub innovation centre – which is owned by the Council and managed by Connect Derby – is to be re-purposed in time to open its doors in September for new apprentices. There is strong interest already, with more than 1,200 applications for the initial 200 places. Offers have been made to over 180 people. At its next meeting on 3 August, Derby City Council Cabinet will be asked to note negotiations to finalise a partial take-up of the building in September for the first-year intake, working towards a full lease in 2023. The Nuclear Skills Academy will be supported by industry and education experts, including the Nuclear Advanced Manufacturing Research Centre (Nuclear AMRC) – currently building a new £15 million research facility on Infinity Park in Derby – the National College for Nuclear, the University of Derby as well as Derby City Council. The Council is working with existing iHub office tenants to manage their move to other provision within the Connect Derby estate and to find alternative premises for the current workshop tenants. Councillor Chris Poulter, leader of Derby City Council, said: “This is an exciting opportunity for the people of Derby. Apprenticeships aren’t restricted to young people; they’re also open to those who want to re-skill or are looking to change career or who would struggle to pay for their higher-level degrees. All apprentices are paid from the start. “A skills academy can also support key employers in the city and help to secure future talent for decades into the future.” Led by the University of Derby, the new apprenticeships will range from technician to advanced degree level and will be spread across four courses: Nuclear Engineering Degree Apprenticeship, Business Degree Apprenticeship, Nuclear Engineering Technician Apprenticeship and Advanced Engineering Apprenticeship. The new apprentices will provide a regular flow of new nuclear expertise to support Rolls-Royce’s commitments to the UK Submarines programme. For 60 years, Rolls-Royce has provided the power for all the Royal Navy’s nuclear submarines from its base in Raynesway, Derby. Their work ensures submariners have the power to protect the UK’s interests at home and further afield.

Celebrate the prowess of the East Midlands’ property and construction industry with leaders from across the region

Taking place on Thursday 15 September, at the Trent Bridge Cricket Ground, the East Midlands Bricks Awards 2022, a highlight in the business calendar, will celebrate the region’s property and construction industry while providing a brilliant opportunity to connect with local decision makers over canapés and complimentary drinks. The event, taking place from 4:30pm – 7:30pm, will also feature John Forkin MBE DL, Managing Director at award-winning investment promotion agency Marketing Derby, as keynote speaker, as well as award-winning mind reader, magician, and professional mentalist Looch, who will bewilder and astonish guests during the evening’s networking.

Tickets can now be booked for the awards event – click here to secure yours.

With nominations closing on Friday 19 August for East Midlands Business Link’s annual Bricks Awards, there’s not long left to submit your entries for the prestigious event – showcase your business, team and projects. 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. To submit a business or development please click on a category link below or visit this page.
The Overall Winner of the East Midlands Bricks Awards 2022 will also be awarded a year of marketing/publicity worth £20,000. Find out who last year’s winners were here.  
Thanks to our sponsors:                                      

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Frozen food distributor appoints new commercial manager

Northamptonshire-based frozen food distributor Central Foods has promoted Oliver Sampson to commercial manager. Oli joined Central Foods in 2013, originally working in sales and business development. His new appointment has been made to support the catering sector’s gradual bounce back from COVID. Central Foods Managing Director Gordon Lauder said: “Oli has been with us at Central Foods for more than nine years and, in that time, he has brought commitment, professionalism and expertise to each role that he has had within the company. I’m delighted to announce his appointment as commercial manager as the food service sector continues its bounce back from the effects of COVID. “Central Foods is in a strong and buoyant position to serve its food service customers by continuing to offer top quality frozen food from our manufacturing partners, as well as our ever-expanding range of own-brand products, and Oli will play a key role in supporting the directors as we move forward.” Oli, who has worked within the food and drink industry for most of his career, will continue to oversee Central Foods’ business with Brakes, the UK’s largest frozen food distributor, as well as taking on additional commercial duties within the company. He said: “As a small, family business Central Foods is an inspiring place to work and somewhere I can make a real difference, and I am very proud to have been appointed to the position of commercial manager. The food service sector has gone through challenging times in recent years, but this is an exciting point to be taking on a new role as we look to the future.”

Nottinghamshire BIPC announces record year for supporting local businesses

Specialist library-based centres to support local entrepreneurs in Nottinghamshire have reported a record year after giving more than 1,000 instances of free business support to Nottingham’s start-up and small businesses owners – over half of them women. Business & IP Centre Nottinghamshire (BIPC) has seen a dramatic increase in activity, with 469 instances of business support delivered between January and March 2022 alone, following the recruitment of a team of advisors and recent openings of four BIPC locals in Bulwell, Beeston, Mansfield and Sutton-in-Ashfield libraries. BIPCs support local entrepreneurs to start, manage and expand successful small businesses, and from March 2021 to March 2022, over 1,000 attendees received free business support from the Nottinghamshire Centre. 39% of these attendees were aspiring entrepreneurs seeking to start their own business and 53% were looking to grow an existing business. The direct face-to-face support available at BIPCs can open up the path to entrepreneurship for anyone with a business idea, regardless of their background. Consistently, over half of those who use a BIPC to set up a business are women, 14% have a disability, and a third are from under-represented ethnic backgrounds. More than triple the national averages for business ownership in the UK, this diverse user base speaks to the accessibility and community-based ethos of this library-based support. The Nottinghamshire Business & IP Centres, led by Nottingham City Council Library Service working with Inspire, is part of a national network of over 100 regional and local Centres working with the British Library. Each Centre, including Nottinghamshire, is equipped with a core set of resources, such as up-to-date market research and business databases. These core resources are brought to life by BIPC Nottinghamshire’s tailored and highly individual programme of events, networking opportunities, workshops and one-to-ones, delivered in collaboration with local business leaders, role model entrepreneurs and community partners such as Potter Clarkson, Rogers Spencer, Summit Creative and Smorgasbord. Last year the success of Nottinghamshire was expanded to Bulwell, Mansfield, Beeston and Sutton-in-Ashfield libraries. This was part of a wider national expansion of library-based business support from 14 BIPCs to over 100 regional and local Centres across England, including in Nottinghamshire, thanks to £13million in Government funding awarded to the British Library. Liz Jolly, chief librarian, British Library, said: “At their heart, libraries are trusted spaces with professional staff who have a mission to connect people with information. From Glasgow to Brighton, our Business & IP Centres harness the power of libraries, bringing in expertise from the local community to help people from all walks of life turn an idea into a successful business. “Over the last year, the BIPC network has hugely outperformed its growth targets and helped to safeguard thousands of jobs through the ongoing challenges of the pandemic. We know that businesses started with the support of our libraries are nearly twice as likely to survive beyond three years than the national average. These remarkable results are living proof of the part libraries can and are playing towards boosting their local economies.” Councillor Pavlos Kotsonis, portfolio holder for leisure, culture and planning at Nottingham City Council, said: “With the recent launch of our BIPC local in Bulwell, it is exciting and positive that libraries can now play a new role in terms of harnessing the potential of businesses and make an important contribution to economic regeneration. “It now is up to us to make the most of the great resources available through our BIPC local and encourage as many people as possible to take advantage of what they can offer. We are delighted our offer has now expanded to Nottinghamshire and look forward to sharing the BIPC programme with Inspire Libraries so we can bring our strategies and service offerings closer together. “There’s no such person as a typical entrepreneur. Coming through the doors of our libraries are people from a wide variety of backgrounds. Expectant mothers, young people, elderly people, those who are out of work, people with disabilities, graduates, those with no qualifications at all. Anyone with a business idea – irrespective of their circumstance or background – is welcome to use our services and get help to get started or grow.”

Major refurbishment on the menu for Derbion’s Food Terrace

Derbion is investing more than £2 million into the refurbishment of its food court, introducing a fresh new look, additional seating and new brands, including Popeyes. The investment will increase seating capacity from approximately 650 to 800 to meet growing demand from visitors, with the area being renamed the Food Terrace to reflect its brighter and lighter atmosphere. New flooring and lighting will be introduced to create a refreshed environment, and new mobile charging points, recycling stations and baby and children feeding facilities including microwaves and bottle warmers will be incorporated into the designs. The refurbishment works have started are set to be completed by Autumn 2022, with the area remaining open for customers throughout. Derbion will be bringing a number of new additions to the Food Terrace, to sit alongside its existing variety of grab and go options and standalone restaurants. The first new opening will be famed American fried chicken brand, Popeyes Louisiana Kitchen. Alongside the investment into the Food Terrace, the adjacent washroom facilities on Level 2 are currently being refurbished with the revamp including a full refresh of the male, female and disabled toilets, as well as the parent room. Adam Tamsett, centre director at Derbion, said: “Our food court has always been a hugely popular destination within the centre, and this demand has only increased over the past two years. Alongside our daytime visitors, the area remains a busy early evening destination, supporting the Showcase Cinema De Lux, Hollywood Bowl and Paradise Island Adventure Golf, as well as Derby Theatre. “The refurbishment will enable us to extend our seating area to welcome even more visitors to our revamped Food Terrace to enjoy a breadth of choice in a contemporary, welcoming environment. “We are committed to our continued investment in the centre to ensure that it meets the changing needs of our customers. The Food Terrace is the next step of that evolution, and we’re looking forward to getting started on this exciting phase of development at Derbion.”

Inclusion strategies in the workplace can improve decision-making and innovation, East Midlands Chamber and emh group find

Breaking down the “fear factor” around diversity via education and making adjustments to how new staff are recruited are among the practical changes employers can make to create more inclusive workplaces. These were some of the key findings by East Midlands Chamber and housing association emh group at a roundtable they jointly hosted to gather more intelligence about how to support businesses in establishing an equality, diversity and inclusion (EDI) strategy. It follows research published in March that found 48% of East Midlands businesses have a dedicated EDI policy in place, with 68% saying it can contribute to successful business plans and 55% agreeing it was an important part of their leadership strategy. Better workplaces, improved decision-making and increased innovation were among the benefits cited by companies engaged with EDI. The roundtable, held on Tuesday at emh group’s office in Coalville, featured input from organisations including law firm Freeths, ER Recruitment, De Montfort University, manufacturer Hardy Signs and social enterprise Access Rating. Following on from the session, the Chamber and emh group will work with other partners to develop greater support for those wanting to do more to develop an inclusive workplace. East Midlands Chamber director of resources and EDI lead Lucy Robinson said: “It’s become increasingly clear that engagement with EDI is no longer just another bullet point in a company’s benefits package but is now business-critical. “At a time when four in five East Midlands businesses attempting to recruit are struggling to fill roles, we should be doing all we can to widen our labour pool by being more inclusive in our approaches to recruitment – beginning from how we advertise jobs and conduct interviews. “A happy workforce is also one that is more likely to stay in a job. We’ve heard lots about the ‘great resignation’ post-lockdown so creating a more inclusive work environment – where people are given a continuous education that encourages open discussion and breaks down the unconscious biases we all have – will go a long way to helping organisations retain their best people.” Chan Kataria OBE, Chief Executive at emh group, said: “Diversity is a unique selling point for the East Midlands, which has the most diverse communities outside London. “This is something we recognise at emh group, which is why we have engaged in a variety of initiatives in recent years – from supporting more women to take up boardroom positions to deploying the ‘Rooney rule’ to put forward more people from minority backgrounds in interviews for senior positions. “After gathering some very useful data, we now want to go beyond the numbers and understand how we can showcase businesses already succeeding in this area and share best practice so that our region can become a standard-bearer for the EDI discussion.”

Profit and revenue up at Ibstock despite industry-wide inflation and supply chain challenges

Ibstock, the manufacturer of clay bricks and concrete products and solutions, has hailed a strong first half performance, despite industry-wide inflation and supply chain challenges, resulting in robust profit and cash generation, giving the firm confidence for the full year. According to interim results for the six months ended 30 June 2022, revenue increased by 28% to £259 million, up from £202 million in the same period last year. Meanwhile the Leicestershire-based company posted a statutory profit before tax of £51 million, growing from £39 million. Ibstock noted that trading in the early weeks of the second half is encouraging, with resilient demand across end markets. Joe Hudson, Chief Executive Officer, said: “I am very pleased with the group’s first half performance, delivering profit and cash both significantly ahead of the prior period, supported by sustained robust demand across all our end markets and good operational execution. “We continue to manage inflation and supply chain pressures well and are making good progress with our strategic development plans, with investments in new capacity progressing well, and good momentum in Ibstock Futures, as we focus on the delivery of our ambitious medium term financial targets. “Our market backdrop remains encouraging in the early weeks of the second half – demand is firm, asset utilisation is high and industry inventories remain low – and the strong first half performance gives us confidence in the full year outcome. We have a clear strategy based on both core and diversified growth and will continue to apply our dynamic and disciplined approach to capital allocation. “While we remain mindful of the broader macroeconomic uncertainties, the Board now expects to deliver adjusted EBITDA for the full year modestly ahead of the expectations signalled in April.”