LATEST ARTICLES
Plan for new North Yorkshire community gains inspector’s approval
Online retailer of doors and windows enters administration
Solar monitoring firm raises £150,000 to roll out service in US
Shipley-based SportsShoes sees record £93.3m revenues
Sheffield to open new city centre event venue in 2026
A new £14.4m event venue will soon replace vacant buildings in Sheffield’s city centre. Located at 20-26 Fargate, the venue is set to open in the second half of 2026 after some delays.
The venue will feature a 200-person live event space, with a café and bar on the ground floor. The upper floors will be dedicated to co-working areas and meeting rooms. It is designed to host a variety of community-driven events, such as exhibitions, workshops, and talks. Sheffield City Council, working with Creative Arts Development Space, has finalised the project schedule, with construction set to begin by the end of August.
The development aims to revitalise the area and provide space for local talent, from emerging musicians to first-time artists. The space will also serve as a hub for meetings that could shape the city’s future.
The project is expected to create local employment opportunities and is part of the city’s broader transformation into a dynamic centre for living, working, and entertainment. With nearby venues like Cambridge Street Collective already drawing visitors, the addition of the new space is expected to further boost Sheffield’s appeal.
Aspire surpasses £50m revenue mark, setting new growth target for 2030
Aspire Technology Solutions has achieved a significant milestone, surpassing £50 million in revenue for the financial year ending February 2025—two years ahead of its original 2027 target. The company, which provides managed IT, cybersecurity, and modern workplace solutions, reported a 28% increase in revenue compared to the previous year, reaching £50.9 million. Adjusted EBITDA also saw an impressive 33% rise to £8.8 million, up from £6.6 million in FY24.
Key to this growth is Aspire’s long-term service relationships, which accounted for 83% of its revenue. The company invested £1.7 million in technological advancements, including private cloud and network enhancements, as well as new AI-powered tools aimed at improving service speed and resolution times.
Founded in 2006, Aspire has steadily expanded its customer base and workforce. The company welcomed 250 new customers over the past year and now employs over 300 experts. Customer satisfaction remains a top priority, with Aspire’s Net Promoter Score (NPS) of 87.2 well above industry standards.
In addition to organic growth, Aspire has made strategic acquisitions, including the purchase of CloudCoco Limited in October 2024 and Cloud Cover IT in December 2023, both aimed at strengthening its regional presence in key areas like Leeds and Glasgow.
Private equity firm LDC, part of Lloyds Banking Group, has supported Aspire’s growth with a significant minority stake. Aspire is now focused on its next goal—reaching £100 million in turnover by 2030. This target reflects the company’s ongoing commitment to customer satisfaction, innovation, and infrastructure development as it continues to expand in the IT services sector.
ebuyer faces administration after struggling with declining sales
Ebuyer, the UK’s second-largest PC retailer, is facing administration following financial challenges. The company, which has been operating for 26 years, recently received a winding-up petition from its landlord, Urban Logistics Acquisitions 6 Ltd.
The retailer, known for selling PCs, components, and accessories, reported a turnover of £175 million in 2022, employing over 200 people. However, by 2023, its turnover had dropped to £136.5 million, with the company incurring operating losses of £1.8 million. In response, ebuyer reduced its workforce by around 50 employees as part of cost-cutting measures aimed at improving profitability.
The company’s latest financial statement, covering the year ending December 2023, pointed to a broader downturn in the electrical products and components market. The statement revealed a 22% decrease in year-on-year turnover, prompting the business to implement efficiency initiatives to address the financial strain.
Ebuyer’s acquisition in April 2023 by UK investors Mark Reed and Rich Marsden has yet to reverse the company’s fortunes. The company now faces uncertainty as it navigates these difficult trading conditions.
North Yorkshire to adopt new parking principles for sustainable development
North Yorkshire is set to introduce a unified approach to parking management aimed at fostering sustainability and supporting local economic growth. The new principles aim to create a fair and customer-focused service, replacing the outdated policies from former district and borough councils.
Central to the plan is the integration of electric vehicle infrastructure and enhanced transport connectivity to support communities. The principles focus on providing value for money, ensuring that parking services are self-sustaining and contribute to the council’s financial resilience. With 170 car parks in the region, the aim is to standardise policies across the county, ensuring consistency and fairness for motorists.
The principles will guide the development and management of parking facilities in North Yorkshire, addressing issues such as congestion, air quality, and accessibility. The strategy takes a balanced approach, considering the needs of urban centres and rural areas, and focusing on improving town centre vitality.
If adopted, the principles will be rolled out in three stages, starting with a review of parking tariffs and followed by the development of localised town parking strategies. These plans will include full consultation with stakeholders throughout the implementation process.
Harrogate office redevelopment hits major milestone
The £10.5 million redevelopment of Copthall Bridge in Harrogate has secured 50% occupancy shortly after its launch, demonstrating strong demand for high-quality, flexible office space.
The building, which had been vacant for over six years, has been revitalised by workspace provider WorkWell to meet modern business needs. With a focus on hybrid working models, employee well-being, and productivity, the site offers facilities such as breakout zones, soundproofed booths, meeting rooms, and wellness spaces.
Tenants already signed include local mobile communications firm Mobile Tornado, Danish publishing tech company Chronos Hub, leadership consultancy Primeast, software firm Grateful, and wealth management group S&W.
WorkWell’s regional expansion includes plans for up to 10 new sites across the North within the next decade, indicating a wider belief in the strategic importance of well-designed office spaces. The success of Copthall Bridge highlights the increasing need for premium office environments in the region.
Leeds College of Building among key sites for construction skills training
The UK Government has identified Leeds College of Building as one of the ten new technical colleges set to play a pivotal role in training 40,000 construction workers by 2029. This initiative, backed by a £100 million investment, aims to address the skills shortage in the construction sector and support the Government’s target of delivering 1.5 million new homes.
Leeds College of Building, known for its longstanding expertise in construction education, will be a central hub for training workers in vital trades such as bricklaying, carpentry, plumbing, and electrical work. The initiative seeks to upskill both current industry professionals and newcomers, enhancing the overall workforce to meet growing demand.
In addition to the Leeds-based college, the Government plans to recruit 100,000 new construction workers annually through the Construction Skills Mission Board, aiming to reduce the sector’s reliance on foreign labour while promoting regional growth. This initiative is crucial in reversing the recent decline in the number of construction firms offering training, as highlighted by a recent survey showing a drop from 57% in 2011 to 49% in 2024.
Leeds College of Building’s involvement underscores the city’s strategic importance in shaping the future of construction skills training, contributing to local economic growth and supporting the industry’s long-term objectives.