Forecourt operator acquires longstanding site in South Yorkshire

Tess Egginton
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Forecourt operator acquires longstanding site in South Yorkshire
Specialist business property adviser, Christie & Co, has sold Bawtry Road Service Station in Rotherham, South Yorkshire.
Located on Bawtry Road, a busy main road linking the M18 and M1 motorways on the outskirts of Rotherham, the business benefits in high volume fuel sales from passing and commuter trade. In addition to fuel, the business also includes a kiosk shop, which provides a range of convenience items. The business has been purchased by Mr. Tanvir, an existing forecourt operator with several sites in the North East. Mr. Tanvir purchased the business as he saw it as a perfect opportunity to expand his portfolio. He comments: “We intend to create a modern, Premier branded convenience store and expand the range of products on offer, including hot food and drinks to go.” Andrew Birnie, Director at Christie & Co who handled the sale, says: “Bawtry Road Service Station provided an excellent opportunity for a potential new owner, and we had a number of enquiries as soon as the business was listed. “We quickly secured a deal with the purchaser, Mr. Tanvir, who has exciting plans for the business going forward – I wish him the best of luck in this venture.”

Barnsley engineering company invests in expansion to meet global demand

Tess Egginton
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Barnsley engineering company invests in expansion to meet global demand
A Barnsley engineering company which designs and builds bespoke polyurethane processing equipment has invested in expansion of its manufacturing and stock facilities. CTM UK Ltd is a leader in the supply of polyurethane (PU) processing technologies to worldwide clients in a diverse range of sectors. It is a pioneer in the bespoke building of systems for offshore windfarm, oil and gas industries where PU is essential to seal and protect pipes and cables under the sea. The company’s growing global reputation as a specialist in this field has led to significant growth since 2002 and it has now invested in an upgrade of its premises, to give the business more room to grow. CTM has added a 100 sq m mezzanine floor to its existing 500 sq m unit at Zenith Park, enabling it to restructure its workshop, streamline production, expand storage space and increase the volume of spare parts it can hold in stock. The company’s £30,000 investment has been backed by a Business Productivity Grant, secured with the support of Barnsley Council’s Enterprising Barnsley programme. The grant, which covered a third of the cost of the project, is supported by the South Yorkshire Mayoral Combined Authority (SYMCA) and part-funded by UK Shared Prosperity Fund (UKSPF). Director of CTM UK Ltd, Shane Wootton, said: “Very few businesses worldwide do what we do, and we’ve built a global reputation over 30 years. We’ve always been committed to innovation and investment, and the only thing holding us back from doing more at this stage has been a shortage of space. “So, this expansion and restructuring of our site is a huge bonus. It has allowed us to optimise workflow and dramatically increase productivity.” CTM, which is led by Shane and his wife Ruth Wootton, estimates that the additional workspace and improved layout will enable them to work on more projects at the same time, speed up builds and increase productivity by 45-60 percent. It will also allow them to take on much larger system builds than they were previously able to handle. The larger storage area, which can accommodate much higher component stock levels, has already boosted the spare parts, repairs and servicing side of the business, with nearly 30 percent more orders being despatched daily. Mayor of Barnsley Cllr John Clarke JP, on an official tour of CTM’s expanded premises, said: “CTM is a small but mighty manufacturing Barnsley business which punches way above its weight in the global polyurethane equipment industry. “It’s impressive to see the CTM team use their experience, expertise and ‘can-do’ attitude to design, build and deliver whatever their customers need. It’s not surprising the company has become the preferred supplier across many industries and especially for offshore clients working in challenging environments. “We’re very proud to support CTM’s expansion at this time and look forward to seeing this innovative company continue to grow as part of Barnsley’s diverse industrial economy.” Shane said: “We’re very grateful for the support we’ve received from Enterprising Barnsley to back our investment. They’ve stepped up in these difficult times to help us secure finance which has enabled us to move faster with our plans to increase capacity and efficiency and achieve significant growth sooner.” Enterprising Barnsley has also backed staff development at CTM, supporting its new Business Unit Manager to hone skills in drafting and negotiating commercial contracts, along with enabling its design and programming team to expand and update their electrical schematic software know-how.

Plans approved for £120m residential development in Hull

Tess Egginton
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Plans approved for £120m residential development in Hull
Plans have been approved for a £120m development which will bring 450 new homes to a neighbourhood in Hull. A planning application by East Yorkshire-based housebuilder Beal Homes for a 52-acre site west of Richmond Way in Kingswood has been given the green light by Hull City Council. The “hybrid” application included full planning permission for the first 214 homes and associated works, as well as outline plans for a further 236 homes. The approved plans also include engineering works to raise the embankment on the nearby River Hull, and improved drainage measures, to enhance flood resilience for the whole of the Kingswood area. These works will also involve creation of a 3m-wide gravel riverside footpath and cycleway for local residents to enjoy on the crest of the raised embankment along the full eastern boundary of the development site. The development will also include provision of a large managed country park, planted with more than 800 trees, and Beal will make a financial contribution to enable 99 new primary school places. Hull City Council’s Planning Committee granted approval for the scheme, subject to conditions. Beal Land Director Chris Murphy said: “We’re pleased to have received planning consent to proceed with our latest major investment in Kingswood. “We have worked very closely with the local authority and statutory bodies to develop and refine these plans, which will bring much-needed new homes to the area and offer wider benefits to the local community. “Kingswood is a thriving and growing neighborhood with continuing high demand for new homes, which this development responds to. “As well as increasing the availability of high-quality homes in the area, the development will benefit the entire Kingswood community through the riverbank works and creation of a new footpath and cycleway on the raised embankment.” The full planning permission for the first 214 homes covers a range of two, three and four-bedroom house types, including terraced, semi-detached and detached homes.

North Yorkshire-based Reed Boardall sees rise in profits as extended cold store heads towards full utilisation

Tess Egginton
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North Yorkshire-based Reed Boardall sees rise in profits as extended cold store heads towards full utilisation
Reed Boardall, operators in the temperature-controlled food storage and distribution sector, has seen profits before tax rise to £2.51m in its latest financial results as it moves towards complete utilisation of its extended cold store. The increase in net profit to 1.9% of revenue (for the year ending March 2024) compared to 1.1% in the previous year, was achieved despite the highly competitive market as the business drove up volumes at its 168,000 pallet-capacity single site in Boroughbridge. Having completed a multi-million-pound project in 2021 to expand capacity and create an  extensive, modern cold storage facility, Reed Boardall is now seeing utilisation volumes, turnover and profit, increase across all areas of the business in the last 12 months. In addition to storage and transport, demand for the group’s dedicated ancillary services, such as blast freezing, picking and packing, have also grown. Marcus Boardall, chief executive of Reed Boardall, said: “After a tough few years which saw the industry reeling from the impact of Covid and then spiralling costs, we are now seeing the business entering calmer waters. It’s gratifying to start to realise the benefits of our significant investment in increasing capacity and strengthening our single site model. “While it continues to be a dynamic market with some of the major players moving between logistics providers, we are finding that the strength of our reputation for delivering product on time, every time, is attracting new customers as well as helping us to retain or expand our existing contracts. “Having served the country’s leading food retailers and manufacturers for over 30 years, it’s reassuring to see that customers are continuing to prioritise quality of service and seeking a reputable long-term cold storage and transport partner.” Reed Boardall group finance director Sarah Roberts added: “These latest encouraging financial results are a further demonstration of the success of our single site strategy which enables us to serve customers efficiently. “Over the last year, we’ve increased volumes, meaning that we expect to be operating full utilisation of our extensive cold storage facilities by the end of our current financial year in the spring. “During 2024, we have been less affected by labour shortages, largely due to the success of our inhouse driver training academy which has resulted in 80 new HGV drivers qualifying since our scheme began. We are continuing to invest in developing our dedicated team which is at the heart of our ability to provide exceptional service. “We pride ourselves on our innovation and look forward to further strengthening our customer relationships as we remain committed to being at the forefront of the industry. “We are approaching the year ahead from a position of strength, confident that our can-do attitude and solid reputation will continue to reassure some of the best-loved names in the British food sector that they are in the capable hands of a long-established, reliable partner.”

Transformation of Rowntree’s Factory completes in York

Tess Egginton
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Transformation of Rowntree’s Factory completes in York
Latimer, the development arm of Clarion Housing Group, has completed its flagship project to transform the iconic Rowntree’s Factory into an £80m residential development called The Cocoa Works – delivered by the principal contractor for the scheme, Henry Boot Construction. The famous site, which was established in 1890 and was home to some of the nation’s most loved confectionery brands including KitKat, Aero, Smarties and Milkybar, has been redeveloped into 279 apartments – 30 per cent of which are affordable homes. As part of the development, the former Joseph Rowntree Memorial library has been re-imagined as a co-working and meeting space for residents, including a concierge. A new William Sutton pavilion, named after the Victorian social housing visionary who played a crucial role in establishing what is now Clarion Housing Group, has also been created and is home to independent York café CAVO, alongside a flexible, bookable communal space for residents. Ryan O’Loughlin, Director at Henry Boot Construction, said: “The Rowntree’s Factory is an iconic part of York’s heritage and we’re proud to have delivered its transformation to The Cocoa Works. This ensures the story of this beloved building continues for decades to come with a residential development of outstanding quality. “We are also extremely proud of the work we have done within the local community, supporting some incredible charities and other initiatives over the last three years.” Richard Cook, Chief Development Officer at Clarion Housing Group, said: “Our work to breathe new life into the Rowntree’s Factory has been a huge endeavour of which everyone involved can be really proud. “We all understand just how important the Rowntree’s Factory is to York’s heritage. It created some of the country’s best loved confectionery and was a major employer in the city, with a founder in Joseph Rowntree who was ahead of his time when it came to championing workers’ rights and social value. “That’s why we made a promise to honour this important legacy through our redevelopment of the factory. We wanted to do more than just build homes at The Cocoa Works. “We aspired to deliver more by sympathetically redeveloping the factory to sit at the centre of a vibrant and diverse neighbourhood which provides quality homes, amenities and shared spaces to help foster a genuine community. “With The Cocoa Works now complete, it gives me tremendous pride to be able to say we’ve delivered on that promise.” Despite its important cultural status, the Rowntree’s Factory fell out of use after production at the factory halted in 2006. It was left standing unused and derelict for more than a decade before Latimer secured planning permission to redevelop the site in 2017.

Government must create right conditions for business, says BCC

Stuart Pearcey
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Government must create right conditions for business, says BCC
It’s crucial that Government creates the right conditions for businesses to stay competitive and grow in communities across the UK, according to Shevaun Haviland, Director General of the British Chambers of Commerce. Responding to the Prime Minister’s Plan For Change announcement she said it was good to hear the Prime Minister double down on his commitment to grow the economy and highlight the importance of reforming the planning system. She said: “The target of 150 new infrastructure projects is one that business will welcome, with its potential to boost regions and reinvigorate supply chains – but there is still a huge gap between the what and the how and when. “With a bruising budget forcing many firms to revisit their investment and hiring plans, the pathway to this promised growth needs to accelerate. “The cost-of-living crisis and the cost of doing business – are two sides of the same coin. They can’t be dealt with in isolation. Boosting private sector investment is fundamental to improving the cost of living.  

Yorkshire and Humber insolvency-related activities fall by a third in November

Tess Egginton
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Yorkshire and Humber insolvency-related activities fall by a third in November
Insolvency-related activities fell sharply across the country in November, according to the latest research from the UK’s insolvency and restructuring trade body, R3. In Yorkshire and the Humber, insolvency-related activities, which includes liquidator and administrator appointments and creditors’ meetings, were down by almost a third (29%), falling from 309 in October to 220 in November. Insolvency-related activities dropped across every English region as well in Northern Ireland, which saw a 53% fall, with only Scotland seeing an increase (of 9%). Outside of Greater London, the North West had the highest number last month, at 382 – a figure that was down 13% on the previous month. While insolvency-related activities decreased in November, R3’s analysis, which is based on data from business intelligence and credit checking provider Creditsafe, also revealed a decrease in the number of start-ups across the country in the same month. In Yorkshire and the Humber there was a 16% decline in the number of start-ups, at 3,843, compared with 4,570 in October. Northern Ireland saw the highest percentage decrease in entrepreneurial activity with a fall of 28%, while the South West saw a drop of 22%. Dave Broadbent, chair of R3 in Yorkshire and partner at Begbies Traynor in York and Teesside, said: “The fall in the numbers of start-ups is concerning, and is likely to be an extension of the general business confidence plunge that we have witnessed in the aftermath of the Autumn Budget. “While entrepreneurs and businesses take time to absorb the consequences of the Budget for their future plans, the hope is that announcements early in 2025 on tax reform, industrial strategy and infrastructure may help boost growth and provide a lift to start-up numbers too.” He added: “In the meantime, for businesses facing financial problems, whether as a result of the Chancellor’s Budget announcements or otherwise, we would always urge them to seek advice from qualified professionals to achieve the most positive outcome possible.”

County Council plans £20m investment to boost business growth

Stuart Pearcey
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County Council plans £20m investment to boost business growth

An investment of £20m over four years will be made by Lincolnshire County Council to fund business growth projects in the county.

The council’s executive have agreed to use the council’s own money for economic development to encourage and support businesses to start up, grow and re-locate to the county. The money will be used to expand business parks, create new office spaces and to build a new facility supporting manufacturing companies to get the skills and expertise they need to thrive. Cllr Colin Davie, executive councillor for economy at Lincolnshire County Council, said: “We know that in many parts of the county there is a limited amount of suitable serviced land for businesses to grow or re-locate to. This investment means we can keep businesses in the county and provide around 3000 new high quality jobs. “It also means that, with the devolution investment in Sleaford Moor Business Park, there will be significant investment in business infrastructure in every district of the county in the coming years.” The decision is based on the acknowledgement that the Lincolnshire economy has several important sectors providing value locally whilst contributing to national propsperity. These include food manufacturing, defence, and advanced manufacturing. Each of these sectors presents significant economic opportunity, but potential growth is constrained by the availability of suitable sites. Similarly, small businesses in some parts of the county say their growth is constrained by the availability of sites or business units that they can grow into.

New industrial units to be built near Holbeach

Stuart Pearcey
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New industrial units to be built near Holbeach
A new-build scheme of 22,000 sq ft of industrial & office space on a 1.23 acre site just north of Holbeach has been launched. The scheme is Stirlin Innovation Park, which received planning approval earlier this year for a dozen high-specification purpose built industrial business units. The South Lincolnshire FEZ is home to a range of public and private sector partners involved in pioneering further developments in the county’s key AgriTech sector, including the University of Lincoln. According to agents Eddisons, the development offers the chance to be in a central part of the UK Food Valley where, in producing 30 per cent of the country’s vegetable & salad production, satellite and associated business opportunities look set to grow further in the AgriTech sector. Work on site is expected to start early next year, with the units scheduled for completion later in 2025.

Mercia passes £5m milestone from Northern Powerhouse Investment Fund II

Tess Egginton
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Mercia passes £5m milestone from Northern Powerhouse Investment Fund II
Mercia Debt – which manages part of the Northern Powerhouse Investment Fund II (NPIF II) – has marked a key milestone, having provided over £5m in debt finance since the launch of the fund earlier this year. Mercia has provided a total of £5.5m in business loans to 17 companies covering a wide range of sectors, with the majority based in Yorkshire and Humber. They include Change Accountants in York, Thornton Park Farm near Sowerby Bridge which is setting up a glamping site, Ilkley-based Talk Straight which provides broadband and cloud services to schools, Leeds cybersecurity firm Xentra, Lab Systems Furniture of Hull and Birkenhead-based energy and environmental consultancy Inteb. Pete Sorsby, Fund Principal at Mercia Debt, said the new fund had generated strong interest from the business and advisory community, with many more deals in the pipeline. “Debt funding plays a critical role in supporting business growth,” he said. “Our mission is to help SMEs in the North to access the finance they need, particularly those that might otherwise not receive it. “Mercia provided over £77m in debt funding to almost 300 companies through the first Northern Powerhouse Investment Fund (NPIF I) which resulted in some fantastic growth stories. The latest fund builds on the success of NPIF I, however the maximum loan amount has increased to £2m and the fund has additional flexibility which enables us to support a wider range of business sectors. “We have also worked hard to build our networks and extend our reach into different areas and communities to make them aware of the funding available. As a result we are already seeing a more diverse mix in terms of the type of businesses, founders and locations. We are looking forward to working with them as they build their business and to speaking with other ambitious entrepreneurs seeking funding for growth.”
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