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PreviousMANUFACTURINGNEWSEastMidlandsBusinessLinkwww.eastmidlandsbusinesslink.co.uk10FormerRolls-RoycemanagerpowersupDerbyCollegeDerbyCollegehasappointedtheformerlearninganddevelopmentforapprenticeshipsmanagerfromRolls-Royceasdirectorofapprenticeshipsandengineering.NeilFowkesstudiedatMackworthTertiaryCollege,whichisnowpartofDerbyCollegeduringhisapprenticeship,andhasworkedinengineeringforthepast27yearsinitiallyatInternationalCombustionandthenRolls-Royce.DerbyCollegechiefexecutiveMandieStravinosaid:“OurcoreobjectiveistoworkwithemployerstoensurethetrainingsupportthatDerbyCollegeprovides–whetheratCollegeortheworkplace–meetstheirneedsbothnowandinthefutureandprovidesthemwiththeskillstobecompetitiveandgrow.“Neil’scredentialsofworkingwithaglobalbusinessandunderstandingemployers’trainingrequirementswillbeinvaluableaswedevelopourengineeringcurriculumforfuturedecadesandembracetheneedsofbusinesseslargeandsmall.”Nottinghamcigarettefactoryclosure"acynicalploy",saysUniteImperialTobaccohasusedincreasedEUregulationsas"acynicalploy"tocloseitsfactoryinNottingham,withthelossof540jobs,theUniteunionhassaid.UnitesaidthatImperialTobaccohadusedincreasedEUregulationsasa"cover"toshuttheplantandalsoitssiteintheFrenchcityofNantes.TherecentEUTobaccoProductsDirectivewillstopthesaleofpacksof10cigarettesand‘rollyourownpacks’below30grams.Asaresultofthislegislation,Unitewasexpectingtheclosureofsomemanufacturelinesandaknockoneffectonasmallnumberofjobs.UnitenationalofficerRhysMcCarthysaid:“Thisisshockingnewsthatwillhaveadevastatingimpactonnotonlyhundredsofworkers,theirfamilies,butalsoonthelocalcommunity.“WewillbegivingfullsupporttoourmembersoverthenexttwoyearsbeforethesiteclosesatthelatestinMarch2016.“WhatwewerenotexpectingwasthewholesaleclosureoftheNottinghamsiteandanendtoImperialTobaccomanufacturingcigarettesintheUKandmovingproductiontoeasternEurope.“WebelievethatImperialTobaccoiscynicallyusingtheEUdirectiveascovertodumponUKworkersandshipproductiontolowcostworkersineasternEurope.“ThecompanyhascallouslydecidedtodumpitsUKworkersandtheonlypeoplewhowillbebenefitingfromthismovearetheshareholdersandexecutivedirectorswhowilltrouserevenmoremoneyfromthiscost-cuttingexerciseoncethedusthassettled.“It’sanothernailinthecoffinforUKmanufacturingandalossofrevenuefortheexchequer.Wellpaidskilledjobsforordinaryworkingpeopleareonceagainunderthreat.“Inanotherexampleofsocialdumping,ImperialTobaccohasalsoannouncedtheclosureofitsmanufacturingsiteinNantesandUniteisalreadyintouchwithoursisterFrenchunions.“Socialdumpingisincreasinglybeingusedbygreedycorporations,asbosseslooktoincreaseprofitswhilesackingpeopleandshippingjobstolowwagecountries.“Wewillfightthisclosureandwillbeurgentlyseekingmeetingswiththecompany.”CurrentturnoveratImperialTobaccois£28.3bn(intheyearto30September2013)andoperatingprofitwasup29percentto£1.96bnoverthesameperiod.ImperialTobaccoattheNottinghamsitecurrentlyproducesLambertandButler,Richmond,EmbassyNo1,Regal,JPS,Superkings,GoldenVirginiaandAmberLeaf.MANUFACTURINGNEWS11CargopakhighrollersafterGermancontractwinANottinghamshirebusinesshasannouncedanorderfor2,000rollcontainersinGermanyanditsfirsteverordersinSpainandFinland,withhelpfromexportbodyUKTrade&Investment(UKTI).Tuxford–basedCargopakmake150,000ofthebespokemetalcageayearfortransportinggoodsinandoutofretailstores.ThenewscomesduringUKTI'sExportWeek-aweekofeventsdesignedtoeitherhelpfirmstostartexportingortoexpandtheirexportactivitytogrowtheirbusiness.Thefirmhopesthenewbusinesswillhelpitgrow,reducetheirdependencyontheUKandboosttheirreputationasacompanytotakeseriously.DrewHowat,exportmanager,said:“ThebusinesswasestablishedsixyearsagoandweexperiencedrapidgrowthintheUK,winningmajorblue-chipclients.“Tocontinuethisgrowthwerealisedweneededtodevelopourexports.WeapproachedUKTIfairlyearlyon,undertakingthePassporttoExportcoursefollowedbyGatewaytoGlobalGrowth,alongsidekeepinginregularcontactwithourinternationaltradeadviserandtakingadvantageofeverylocalworkshopandseminar.“WealsoinvestedinaninternthroughtheInternationalStudentPlacementOffice(ISPO).UlrikeLaarmann,fromGermany,workedwithusforfivemonthsandwasoneofthekeydriverstoclinchingourexportorders.”ThebusinesshasalsosecureditsfirsteverorderinFinland-anelectronicsrecyclingcompanyhavebeguntotrialtheproduct.IfittakesoffCargopaksayitwillbesellingtobusinessplantsallovertheBaltics.ThebestintheworldSecretaryofStateforTransport,PatrickMcLoughlinhastoldanaudienceinDerbythattheUKhas"thebestengineeringskillsintheworld".McLoughlin,speakingatthelaunchofengineeringsupplychainfacilitatorEnscite,alsosaidthattheUKmade"ahugemistake"relyingsolelyontheCitytogeneratewealth.Enscite,whichworkstoimproveautomotivesupplychains,couldhelpEastMidlandsmanufacturingfirmsby"takingthebestlargecompanies'engineeringskillsandgivingthemtosmallerbusinesses,"addedMcLoughlin."There'salottobelearnedfrombigcompanies,"hesaid.Hewenton:"There'sstillahugeamounttodotorevampoureconomy.Wehavetoupskillpeopleintheengineeringsector,andmakesuretheymakethemostoftheopportunitiesavailabletothem.Youngpeopleneedtobeabletoseethattheycanearnagoodwagebyworkingintheengineeringsector."TheEnscitelauncheventwasattendedby150representativesfromthepublicandprivatesectororganisationsoperatinginthetransportengineeringsupplychain,Encite'spartnersandSMEsalreadyworkingwiththeorganisation,includingBowlerMotorsportandSDC.EnsciteistheneworganisationcreatedtosupportSMEsintheaerospace,automotiveandrailsectors'supplychain.ItisacollaborationbetweenDerbyCityCouncil,theUniversityofDerby,AstonUniversityandCranfieldUniversity.Enscitewilldeliverbusinessimprovementprogrammes,runsupplychainworkshopsandleveragefundingtosupportinvestmentsinnewtechnology-includingaccesstoa£1mTechnologyFund.ManagingdirectorofEnscite,ColinMcKinnon,said:"Nowistherighttimeforanorganisationdedicatedtotheengineeringsupplychain.ThesectorissetforsustainedgrowthandanincreasingnumberofUKcompaniesarelookingtore-shoreproductionintheUK,creatingjobswhilstcuttingproductioncosts."Manufacturingoptimismseesbiggestrisesince70s,saysCBIBusinessoptimismamongmanufacturerssawitssharpestimprovementsince1973,onthebackofstronggrowthinordersathomeandabroad,accordingtothelatestCBIquarterlyIndustrialTrendsSurvey.Thesurveyof405manufacturersfoundthatinthethreemonthstoApril2014,growthintotalorderbooksanddomesticorderswasthefastestsince1995.Exportordersgrewstrongly,whileinvestmentintentionsfortheyearaheadremainedparticularlyrobust.Outputgrowthwassolidagainforthesecondconsecutivequarter,whilenumbersemployedroseatthestrongestratesinceOctober2011.Firmsareupbeataboutthenextquarter,withgrowthexpectationsfordomesticordersandoutputalsothehighestsincethe1970s.Optimismaboutexportprospectsfortheyearaheadalsorosestrongly.Signsofacontinuedrecoveryinthemanufacturingsectorappeartobefeedingthroughtoinvestmentplansoverthenext12months,withplansforcapitalexpenditureonplantandmachinery(relativetolastyear)thehighestfor17years.Investmentplansforinnovationandtrainingandretrainingalsoremainrobust.KatjaHall,CBIchiefpolicydirector,said:“ConfidenceisrapidlyrisingamongBritishmanufacturers,witharealsenseofbusinessoptimism.“OurindustrialbaseisseizingabiggerroleintheUK’seconomicrecovery,withoutput,ordersandhiringallontheup."Therearestillbumpsintheroadahead,withonlyatepidrecoverylikelyintheEurozone,thepoundcreepinghigherandarapidlyevolvingsituationinUkraine.However,expectationsforgrowthinthecomingthreemonthsarepositiveandmanufacturersplantosignificantlyrampupinvestmentintheyearahead."www.eastmidlandsbusinesslink.co.ukEastMidlandsBusinessLinkAPPOINTMENTSEastMidlandsBusinessLinkwww.eastmidlandsbusinesslink.co.uk12CherryProfessionalhiresfouramid"skillsshortage"CherryProfessional,theBeeston-basedfinance,officesupportandHRrecruitmentbusiness,hasaddedfournewstaffdespitewhatitiscallingalackofskillsinthesector.CherryhashiredDannyGilbert,whojoinsasseniorHRconsultant;KostasPetrou,atraineerecruitmentconsultant–Finance;MelissaKilday,whojoinsCherryasmarketingexecutive;andIsaacWeaver,anapprenticeadministrator.ThenewarrivalstakethetotalworkforceatCherry,whichisheadquarteredinBeestonandhasanofficeinDerby,upto16.DanielleAsano,managingdirectoratCherryProfessional,saidthenewstaffhavebeenbroughtintorespondtoamarketthatisdesperateforskills–butshortonpeople.Shesaid:“We’redelightedtowelcomeDanny,Kostas,MelissaandIsaactoCherryProfessional.“Sincetheturnoftheyearwe’veseenabuoyantmarketplace,butonewhichisbeinghamperedbyaskillsshortageincertainareas.“It’sourjobtomakesureourclientsdon’tfallintothisgapbyofferingthemthebestpeople,andournewrecruitswillhelpustoensurethishappens.“WestartedanewHRdivisionlastAugust,andwe’vebeendelightedathowthat’stakenoff–thereisnowrealdemandforhighqualityHRpersonnel,whichisanotherbarometerthattheeconomyissurgingahead.”CherryProfessionalhastakenonthefournewstaffafterseeinganupturnincandidateslookingtomovejobs.Asanocontinued:“Aftersittingstillintheirjobsduringtherecession,professionalsarenowlookingtomoveagain.Similarly,clientsarereorganising,andgettingfreshbloodintotheirbusinessestohelpthemtakeadvantageoftheupturnintheeconomy.It’sexcellentnewsforCherry,forourclients,candidatesandthelocalandregionaleconomy.”AxestepsuptochairApartneratEastMidlandsbusinessadvisoryandaccountancyfirmPKFCooperParryhasbeenappointedaschairfortheregion’sassociationwhichdealswithfamilyinheritanceandsuccessionplanning.TaxpartneratPKFCooperParrySarahAxehasbeenselectedasthechairforSTEP(SocietyofTrustandEstatePractitioners)intheEastMidlands.Axesaid:“I’mthrilledtohavebeenselectedastheregionalchairpersonforSTEP.Myroleaschairwillinvolvechairingcommitteemeetings,callingthemeetings,arrangingbranchprogrammelectures,bringingnewinitiativestothetableandmakingtheEastMidlandsbranchmoresuccessfulbyinvolvingmoreofits250members.“ThiswillbeachallengingnewroleformyselfanditisalsoanambitiousmoveforSTEPEastMidlands.I’mveryexcitedaboutthefutureoftheassociationintheregionandlookforwardtocontributingtoitssuccess.”MarriottflitstoFHPLivingEstateagentIanMarriotthasleftFrankInnesafter15yearsandjoinedFHPLivinginmovethatisbeinghailedasa"shake-upoftheWestBridgfordpropertyscene".DavidHargreaves,foundingdirectorofFHPandFHPLiving,said:“ThisisabigcoupforFHPLivingandwearedelightedthatIanisjoiningthecompany.ThereareonlyahandfulofagentsouttherewiththeincredibleknowledgeandcontactsthatIanhas.Wewerekeentogethimonboardatthisreallycrucialtimeforthepropertyindustry,whenthereissomuchopportunity.“IanhaslotsofnewideastobringtotheteamatFHPLivingwhichalreadyhasatalentedseniorteamincludingSteveParker,JasonCook,JulesHunt,AnnTaylorandOliverMarshall.”PriortohistimeatFrankInnes,MarriottwasatTheNottinghamforsixyearsandfouryearsattheHalifaxbeforethat.LindaisTaylor-madeforexpandingBlusourceBlusource,therecruitmentfirmfortheprofessionalservicesandcommerceandindustrymarkets,isexpandingagainwiththerecruitmentofamarketingandbusinessdevelopmentmanager.LindaTaylorjoinsBlusourceatitsNottinghamheadquarters,afteracareerinindustrywhichhasseenherworkatthelikesofBIPChemicalsandpackagingcompanyPPPayne.Taylorsaid:“IlovethewaythatBlusourcebuildsrelationshipswithpeopletoensurethattheyalwaysgetthebestfortheirclients–anethosIhavealwaysusedthroughoutmycareer.“IthinkthatBlusourceisuniquelyplaced,havingabaseinmostkeylocationsinthecountry.Theethosofthecompanymeansthatwehaveastrongdatabaseofclientsandenjoycloserelationshipswiththem.Blusourceisadynamiccompanywhichbenefitsfromawealthofexperienceinourpersonnel,ensuringthebestpossibleplacementsforall.“WiththeadditionsBlusourcehasmadetoitsownworkforce,anditsownexcellentreputation,itmeansweareideallyplacedtocaterfortheneedsoftheemergingmarketplacenowthatoureconomyisgrowingagain.”AndrewSpringhall,chiefexecutiveofBlusourcesaid:“WealwayslooktoattractthebestpeopletoBlusourceandLindacertainlyfitsthebill.Shewillbringenergytotherole,andusehervastarmyofcontactsandnetworkingskillstodrivethebusinessforward.“ThisisaveryexcitingtimeforBlusource,asweexpandthroughouttheUK.WewillhaveaLondonofficebeforetheendoftheyear,andLindawillbecrucialtopromotingthegreatworkthatBlusourcedoesinassistingbusinessesinfindingtherightpeoplefortherolestheyareseekingtofill.We’resureshe’llbetheperfectfitforus.”BlusourcerecentlyannouncedthatithasopenedofficesinCambridgeandReading.APPOINTMENTSwww.eastmidlandsbusinesslink.co.ukEastMidlandsBusinessLink13MacDonaldjoinsteamatAdamsonJonesAdamsonJones,theNottingham-basedfirmofpatentandtrademarkattorneys,hasaddedChrisMacDonaldtoitsgrowingphysicalsciencesandengineeringteam.PriortojoiningAdamsonJonesMacDonaldtrainedandworkedataLondon-basedfirm,wherehequalifiedasaUKcharteredpatentattorneyandEuropeanpatentattorney.SimonCooper,managingdirectorofAdamsonJones,said:“Chrisisaverywelcomeadditiontotheteam.Chris’sengineeringbackground,andhisspecificexperiencewithawiderangeoftechnologies,willaddfurtherdepthtoourexpertiseintheengineeringsector."Wearealsointheprocessofrecruitingapatentassistanttotheteam.Thiswillenableustomeettheincreasingdemandforourservicesfromengineeringcompanieswishingtoprotecttheirvaluableintellectualproperty.”NewFDforBSSIndustrialLeicestersupplierofindustrialheatingandpipelinesolutions,BSSIndustrial,hasappointedStephenHopsonasitsnewfinancedirector.StephenjoinedBSSinFebruary2014frompuboperatorMitchellsandButlers(M&B),wherehewasheadofinvestorrelations.HopsonreplacesBSSIndustrial’spreviousfinancedirector,StephenHarris,whohasbeenpromotedtotheroleofdivisionalfinancedirectorfortheTravisPerkinsContractMerchantingDivision.Hopsonsaid:“BSSisamarketleadingcompanythatstandsforqualityandexcellentcustomerservice.GiventherapidexpansionwearecurrentlywitnessingintheUK’scommercialandindustriallandscape,itisanexcitingtimetobejoiningthebusiness.Iamlookingforwardtohelpingtogrowthebusinessfurtherinthefuture.”ChrisHufflett,BSSIndustrial’smanagingdirector,added:“StephenhasgainedanimpressivelevelofexperienceduringhistimewithMitchellsandButlers,whichwillcertainlybeofvaluetoBSSIndustrialaswecontinuetoexpandourbusinesstocaterforthegrowingdemandsofourcustomers.OnbehalfofthecompanyI’dliketowelcomeStephentoBSSandwishhimthebestofluckinhisnewrole.”BakerTillyhiresinternationaltaxspecialistforEastMidlandsAccountancyfirmBakerTilly,hasrecruitedtaxspecialistSukiKaurasassociatetaxdirectorcoveringitsEastMidlandsofficesinLeicesterandNottingham.AlawgraduateoftheUniversityofLeicesterandwith16yearstaxexperience,KaurjoinsBakerTillyfromEYinCambridgewhereshewascorporatetaxseniormanagerinthetaxteam.Beforethatshewastaxmanager–internationalcorporatetaxatKPMG,workingbothintheUKandCanada.Kaursaid:"ThesearereallyexcitingtimesforBakerTillyfollowingitsmergerlastyearwithRSMTenon,andI’mdelightedtobehere.MynewroleoffersmethechancetodevelopprofessionallyandprogresstheBakerTillytaxofferingtoitsgrowingnumberofclientsacrosstheEastMidlands."SimonHart,midlandsregionalmanagingpartneratBakerTillysaid:"It’sgreattohavesomeoneofSuki’sexperienceandcontactsonboardatBakerTilly.Sheoffersusahighleveloftaxadvicetoourcorporatepartnersandisextremelyclient-focused."Herinternationalbackgroundwillalsobenefitourclientswhoexport,haveoperationsoverseasorwhoarelookingtomarketsabroad."CuffeoncallatDomesticandGeneralDomesticandGeneralhasappointedanewcontactcentremanagertojoinitsNottinghamteam.ShirleyCuffe,whomanagesmorethan55contactcentreagentsandfiveteamleadersaspartofhernewrole,previouslyspent11yearsatMidlands-basedfinancialservicesbusinessCPPGroup.Cuffesaid:“Domestic&Generalhasagreatcommitmenttodevelopingitspeopleandputtingitscustomersattheheartofeverythingitdoes.It’sthesecorevaluesthatattractedmetothebusiness.“Ialreadyfeelagreatsenseofprideinbeingpartofacompanywhichworkswithsomanywell-knownbrandnamesandthatthroughcontinuedhighstandardsofperformance,attractsmoreandmorebusiness.ItfeelslikeanexcitingtimetobejoiningDomestic&GeneralandIamveryoptimisticaboutmyfuturehere.”CuffejoinsDomestic&General'sTalbotStreetoffice,whichemploysaround1,000people.EastMidlandsBusinessLinkwww.eastmidlandsbusinesslink.co.uk14DEALS2020TrusteesacquiresAlexanderForbesTrusteeServicesManchester-basedtrusteecompany2020TrusteeshasacquiredNottingham-basedAlexanderForbesTrusteeServices(AFTS)foranundisclosedsum.2020TrusteesCEOAntonyMillersaystheacquisitioncomplementsandextendshiscompany'sexistingskillset.Hesaid:“Overthelast12months2020hasexperiencedunprecedentedgrowthwithover30clientsandthousandsofmembersnowbenefitingfromourhighquality,cost-effective,pragmaticandcommercialapproachtotrusteeship.”Thenewlycombined2020brandwillserviceover100clients,withassetsofunder£1mtoover£1bn.ItwillbeoneofthelargestprofessionalindependenttrusteecompaniesintheUK,comprisingastaffof23,including7actuaries.Milleradds:“Theacquisitiongivesgreaterscale,depthofresourceandgeographicalcoverageandprovidesasignificantplatformforfurthergrowthforthe2020brand.“Thecomplementaryskillsofthetwobusinessesmeanwenowhaveexperienceofclientsofallsizes,coveringdefinedbenefitanddefinedcontributiondesigns,straightforwardorcomplexfundingandinvestmentstrategies,andbothhealthyongoingsponsorsandthoseinfinancialdistress.Inthelongertermthiswillcementourpositionasthetrusteecompanyofchoicefortheindustry.”Prismsoldin£30mMBOLDChascompletedwhatitiscallinga"significantinvestment"tosupportthe£30mMBOofPrismUK,whichhasaregionalservicecentrebasedinLeicestershire.LDChascompletedwhatitiscallinga"significantinvestment"tosupportthe£30mMBOofPrismUK,whichhasaregionalservicecentrebasedinLeicestershire.FollowingtheMBO,thecompany,whichismanufacturerandproviderofspecialistmovementandhandlingsolutions,willbeknownasPrismUKMedical.ThedealwithLDCincludesadditionalfundingalongsidetheinitialinvestmenttoaccelerategrowth,throughorganicexpansionandstrategicacquisitions.Initially,PrismwillfocusonthedevelopmentandexpansionofitsexistingproductandserviceofferingwithintheUKmarket,expansionintokeyEuropeanmarketsandtargetanumberofacquisitionopportunities.MartinDraper,chiefinvestmentofficeratLDCsaid:“InPrismwearepartneringwithahighqualitymanagementteamledbyStuartMeldrumandabusinessoperatinginanattractivemarketdrivenbystrongfundamentals,includinganageingpopulationandtheneedtodeliverhealthcaremoreeffectivelyinthecommunity.Themanagementteamhassuccessfullyimplementedastrategicplantocapitaliseonthemarketopportunitygoingforwardandwewillworkcloselywiththemtoacceleratethebusiness’expansionstrategy.“Aspartofthetransaction,theteamwillbefurthersupportedbytheappointmentofAlanPilgrimasnon-executivechairmanandJamesBuckleyasnon-executiveDirector.PreviouslyCEOofAllianceMedicalandchairmanofCancerPartnersUK,PilgrimhasasuccessfultrackrecordofworkingintheUKandinternationalhealthcaresector,whileBuckleywaspreviouslyCEOofTunstallGroupandbringssubstantialM&Aexperienceinthissector.”ThetransactionwascompletedwithsupportfromanumberofMidlands-basedadvisorsandfunders,includingDeloitte,whoprovidedfinancialduediligence,andGateley,whoactedaslegaladvisertoLDC.ThevendorwasadvisedbyClearwaterCorporateFinanceandSGHMartineau,andmanagementwereadvisedbyCattaneo.BankingfacilitieswereprovidedbyHSBCinBirminghamwhoprovidedapackageofseniordebtplusgrowthcap-exfacilitiestosupporttheacquisition.DE22settocreatenewjobswithDEGFcash–usede22picAdesignagencyissettomoveintolargerpremisesandcreatefivenewjobsthankstoa£28,000grantfromDerbyEnterpriseGrowthFund(DEGF).DE22CreativehasbeenbasedatBanksMillStudio,runbytheUniversityofDerby,sinceitslaunchin2010andfollowingseveralaccountgains,isnowplanningtomoveintonewly-refurbishedofficesatChestnutHouseinFriarGate.Themovewillpavethewayfortherecruitmentofmoregraphicdesignersandaccounthandlersinthenexttwoyears.DE22CreativefounderandmanagingdirectorMartinGriffithssaid:“Wehadplannedtocontinueself-fundingourgrowthstrategybutwerefastrunningoutofspaceatBanksMillandneededtoaccelerateourexpansionplans.“Asacreativeagencythatverymuchfocusesonthereturnoninvestmentinmarketingforclients,weweredelightedthatDEGFrecognisedthesameattributesinourrobustbusinessplanandtrackrecordofsupportingbranddevelopmentforanumberofbusinessesbothlocallyandnationally.“Withthefundingnowinplacetomatchourowninvestment,wehopetomovetothenewofficesinearlyMayandstartrecruitingforstaffinthenearfuture.“IhopethattheDEGFsupportsendsoutaclearmessagethatcreativeindustriesareblossominginthiscityandshowscompaniesinthisregionthattheyhavetheexpertiseandresourcestosupporttheirdesignandmarketingneedsontheirdoorstep.”SupportedbytheGovernment’sRegionalGrowthFundandrunbyDerbyCityCouncil,the£20mDEGFaimstosupportgrowthandjobcreationinbusinessesinthecityandsurroundingareathroughamixofloansandgrants.DEALSwww.eastmidlandsbusinesslink.co.ukEastMidlandsBusinessLink15TeamEastMidlandstheperfectprescriptioninmedicaldealAgroupofprofessionalservicesexpertsfromtheEastMidlandshasadvisedonadealwhichsawanemployeebuy-outofTeamConsulting,theCambridge-baseddesignerofmedicaldevices,includingtheEpipen,anautoinjectorusedfortheemergencytreatmentoflife-threateningallergicreactions.Thebuy-outwasledbyTeamConsulting'schiefexecutiveofficer,DanFlicos,andchiefoperatingofficer,ColinMathews,andinvolvedover80percentofstaffbuyingequityinthecompany.Legaladvicewasprovidedbytop50lawfirm,GateleywithNottinghamCorporatepartner,MarkRutherford,leadingacross-disciplineCorporate,Tax,EmploymentandPensionsteam.DebtfundingwasprovidedbyStuartWatsonoftheRBSCorporateTransactionsTeamandcolleaguesatRBSNottingham.Dains'corporatefinancepartner,SimonBursell,said:"Team’sgrowthhasbeenbuiltontheiruncompromisingapproachtohighqualityproductsandinvolvingallstaffinthebusiness.Thisprofessionalismhasresultedinthiscomplexdealthatmeetstheneedsofthenumerousstakeholderswhilstmaintainingtheethosandculturewhichissocriticaltothesuccessofthebusiness.”MarkRutherford,corporatepartneratGateley,added:"Theoperativewordinthisdealis'Team'.Withsomanystakeholdersinvolvedinthetransaction,effectivecommunicationandteamworkwasalwaysgoingtobethemostimportantingredientinconcludingthebuy-outsuccessfully.Eachoftheadvisersinvolvedhasexcelled."StuartWatson,directoratRBSCorporateTransactionsTeamsaid:“WeareverypleasedtohavehadthisopportunitytoworkwithTeamConsultingtofundthestaffbuy-out.Ourloanstructurereflectedtheforecastedcashgenerationofthebusinessratherthanrelyingonamoretraditionalsecuritybasedapproachanddemonstratesourabilitytoprovideacompleteandflexiblefundingsolution."LegaladvicetothesellingshareholderswasprovidedbyChrisGarnettandKellyPrestidgeofShoosmiths’Nottinghamoffice.TaxadviceforthedealwasprovidedbyDainsandthefinancialduediligencewasundertakenbyJulianCloughofMazarsinNottingham.GeldardsprovidedlegaladvicetoRBS.GeldardsadvisesUSpharmagrouponmultimillionpoundacquisitionLawyersbasedattheNottinghamofficeofGeldardshaveadvisedProfessionalCompoundingCentersofAmerica(PCCA)onitspurchaseofagroupofcompaniesinadealworth£23.5m.US-basedPCCApurchasedthreepharmaceuticalcompaniesfromUDGHealthcarePLC,anIrishcompanyquotedontheLondonStockExchange.Thetrioofcompanies-SpecialsLaboratoryHoldingsandCraig&Hayward,andArjunProducts–allspecialiseinthemanufactureanddistributionofunlicensedmedicinesknownas'specials'tothepharmacyandhospitalmarkets.HughStrickland,acorporatepartneratGeldards,ledthefirm’slegaladviceforPCCAandsaid:“ThiswasacomplicateddealwithahardtimetabledrivenbytheSeller'squotedcompanystatusandthebuyer'sUSlocations,whichmeantplentyofconferencecallsatoddhoursoftheevening.“We’redelightedtohavehelpedPCCAontheseacquisitionsasthecompanylookstoexpanditsmarketintheUKandEuropeandwehopetobeabletoworkwiththemagaininthefuture.”FASTEST40EastMidlandsBusinessLinkwww.eastmidlandsbusinesslink.co.uk16WaterstriumphsatEastMidlandsFastest40DominicWatersofWatersHomeshastriumphedattheEastMidlandsFastest40Awards.Infrontofanaudienceofaround120businessleadersattheGalleriesofJusticeinNottingham,WaterstriumphedintheOwner-ManagedcategoryandwascrownedtheOverWinneroftheEastMidlandsFastest40.DominicWatersandTomRedgate(RotheraDowson)Sponsors:FASTEST40www.eastmidlandsbusinesslink.co.ukEastMidlandsBusinessLink17Waters,whorunstheLeicestershirehouse-buildingcompany,dedicatedhisawardstohisbrother-whoco-ownsthebusiness."Thisisarealsurprise,butI'mabsolutelydelightedtocomeawaywithnotone,buttwoawardsthisevening,"hesaid.JasonHathawayofEHLSolicitorsinLoughboroughwasthewinnerintheProfessionalServicescategory.Hiscolleague,IanMorris,said:"WeareveryproudofJasonwinninghiscategory,especiallyagainstsuchhugeplayersinourmarketplace."SamMetcalf,editorofEastMidlandsBusinessLink,added:"ManycongratulationstobothDominicandJason.Theentriestotheawardswereofanextremelyhighstandard,sotheycanbothbeproudoftheirachievements."OurindependentpanelofjudgesunanimouslyagreedthatbothDominicandJasonaretwoofthebrightestyoungbusinessstarsintheEastMidlands,andI'msurewe'llallbefollowingtheircareersverycloselyoverthecomingmonthsandyears."TheEastMidlandsFastest40waskindlysponsoredbyRotheraDowson,CherryProfessionalandTankPR.LouiseStewart(TankPR),DominicWaters,MartinStone(TankPR)JasonHathawayandDanielleAsano(CherryProfessional)HS2EastMidlandsBusinessLinkwww.eastmidlandsbusinesslink.co.uk18HS2–istheEastMidlandsontherighttrack?TherecentreportfromSirDavidHiggins,ChairmanofHS2confirmedthedeliverabilityoftheproject,butwillsuccessivegovernmentslisten?And,moreimportantly,isbusinessbehindthescheme?IntheEastMidlands,reactionismixed.Aformidablecoalitionofcitieshasunitedtopressforthedeliveryofthe“onceinacenturypromise”ofHS2.ThemovebyprominentcityleadersfollowsthereleaseofthereportbyHiggins.CoincidingwiththeHS2BoardmeetingtakingplaceinNottingham,theCityCouncilLeadersofNottingham,Sheffield,Leeds,Liverpool,DerbyandManchesterhavelaunchedanewConnectedCitiescampaigngroup,speakingwithoneclearvoicetopresskeynationaldecisionmakerstocommitdeliveringHS2tothenorth.ConnectedCitiesisbuiltuponastronglocalconsensusamongstkeybusinessandpoliticalleadersfromeachcity.ConnectedCitiesmarksakeyinterventionthatmaybecomeaturningpointintheongoingnationaldebateonHS2.Thecampaignisanunprecedentedexampleofmajorcitiesjoiningforcesincommoncause,withthemostseniorlocalpoliticiansinthelandworkingtogethertoseizethisonceinacenturychancefortheircitiestorealisetheirenormouspotential.ThecityleadersareunitedintheirvisionofHS2asadrivingforcebehindfuturegrowth,prosperityandjobcreationacrossEngland.RecentanalysissuggeststhatHS2willsupport70,000jobsoutsideLondonandgenerateupto£7.8billionofoutputperyearinthecityregionsoutsideLondonwhichwillbeservedbyPhaseTwoofthescheme.CouncillorJonCollins,LeaderofNottinghamCityCouncil,said:“Nottinghamisdelightedtobepartofaunitedstrongnorthernvoicewhichrecognisesthathighspeedrailisamustifwearetomaximiseourcompetitiveness,prosperityandopportunitiesforourcitizensandbusinesses.Thelinkbetweengoodconnectivity,goodtransportandeconomicgrowthisbeyonddoubt.“IfweareseriousaboutjobsandHS2www.eastmidlandsbusinesslink.co.ukEastMidlandsBusinessLink19growthinthiscountrythenitisvitalthatthemainpartiesremainunitedonHS2.Nothingotherthanconsistentunityandcommitmentwilldeliverthisvitalscheme.ConnectedCitiesisimportanttoensurethenorthisheard.”However,therearethosewhoremaindoubtfulthatHS2willhaveanyimmediatebenefitstotheEastMidlands.SimonTaylor,realestatepartneratGateley‘sLeicesterofficefindsitdifficultdifficulttoenvisageHS2havinganysignificanteconomicbenefitfortheEastMidlandsbeyondashorttermboostinconstructionjobs.Hesays:“TheprimarybeneficiarywillbeLondon,aseffectivelywecouldseepeopleinthekeyserviceindustriesformanenlargedLondoncommuterbeltthattakesintheEastMidlandsregion.Althoughthatmightboosthousepricesandcashtospendinpeoplespockets,itisdifficulttoseethistranslatingintomorejobsandbusinessesintheregion.TheargumentthatbusinesseswillmovetotheEastMidlandsbecauseofcheaperwagesandabetterlifestyleandinfrastructuresimplyhasn’theldtrue.Whilstwecanliveinhope,itislikelythatthenaturalgravityofLondonwillprevail.”RosamundEvansoflawfirmBarkerEvansisalsosceptical.ShesaysthatalthoughtheUKneedsgoodinfrastructuretobeabletocompeteinternationallythedirectbenefitsforsmallerbusinessesinNottinghamarehardtoidentify.“ForthelegalsectorintheEastMidlands,HS2mightbenefitthebiggerlawfirmswhohavethekindofprofilethatneedsaLondonpresencebutfromthepointofviewofsmallerregionallawfirmstherealareaofgrowthinthenext10yearsisgoingtobetheinternet,”shesays.“ThefactthatyouwillbeabletoreachLondonafewminutesfasterisunlikelytohaveanythingliketheimpactthatinvestmentinfasterbroadbandspeedsandbettertelecommunicationswouldhaveinNottingham.TheneedforlawyersfromNottinghamtoberushingtoLondononaregularbasishasbeendiminishingforsometimeespeciallyas20Next 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