Investment firm acquires York-based tour operator

Duke Street has realised its investment in York-based tour operator Great Rail Journeys (GRJ) through a buyout led by Vitruvian Partners. With Vitruvian’s support, the management team of GRJ, led by CEO Dave Riley, will continue their growth trajectory, with a particular focus on the UK, US and other source markets. GRJ was founded in York in 1973 as a family-run business focused on rail tours for UK travellers in the UK and around Europe. In recent years the business has grown total transaction values (TTV) from £88m in FY18 to c.£175m in the current financial year, by extending its range of tours, team and source markets to also become a major player in the US market, and for American travellers exploring the world with GRJ’s tours and guides. GRJ offers a curated portfolio of multi-modal, premium tours – by rail, river and more – with 400 itineraries to over 40 countries globally, predominantly catering to the 55+ demographic. Since 2018, Duke Street has invested significantly to provide the platform for the business to scale globally. Dave Riley, CEO of Great Rail Journeys, said: “I would like to thank the Duke Street team for their support over the last seven years. The business has transformed in that time becoming the leading multi-source travel business in our sector. “We’ve tripled the size of our US business, achieved market leading growth in the UK, and grown beyond rail with the addition of our European river cruises and wider land touring programme. “For 50 years, we’ve set the standard in escorted tours for both new and returning customers and I am excited about the next chapter of our journey. I look forward to working with Vitruvian to deliver on our growth ambitions.” Jason Lawford, partner, Duke Street, said: “Great Rail Journeys has been a highly successful investment for Duke Street. Under our ownership, we have supported the business to unlock its full potential through several growth initiatives. “Together with an exceptional management team, we have implemented a digital transformation programme, expanded the business to the US through a strategic acquisition, diversified into the river cruise and luxury travel markets, and consolidated the brand portfolio. “Profits have since doubled, and the business’s bottom line continues to accelerate. We wish the new owners and the management team behind this well-loved travel brand the very best for the future.” Ben Johnson, partner at Vitruvian Partners, said: “We are excited to partner with Dave and his team and share their ambition for the company to become the global market leader in escorted travel, catering in particular for those at a stage in life with time to enjoy discovering magical destinations by rail and river. “We recognise in Great Rail Journeys a business with many growth avenues and a very attractive demographic to continue to serve. We look forward to working with the team in the years ahead.” Duke Street was advised by DLA Piper (legal), Harris Williams (corporate finance) and Seven Dials City (communications). Vitruvian Partners was advised by Clearwater (corporate finance and debt advisory). Mayer Brown provided legal advice, alongside due diligence support from FTI Consulting, CG Consultancy and Palladium.

Amazon tests mobile-only discount storefront in UK

Amazon is piloting its low-cost shopping feature, Haul, in the UK, marking the service’s first international expansion beyond the US. The move positions Amazon more directly against budget e-commerce challengers like Temu and Shein.

Haul is a mobile-only channel offering products priced at £20 or less, with most under £10. It will appear within the existing Amazon app and is being tested with a limited group of users ahead of a wider rollout in the coming weeks.

The offering includes incentives such as free delivery on orders over £15 and a 5% discount for orders above £50. However, delivery times can extend up to two weeks, a departure from Amazon’s typical speed.

For Amazon’s UK operation, this signals a strategic pivot toward the value segment, an area where rival platforms have gained significant ground by undercutting traditional marketplaces. The test may also help Amazon gauge consumer appetite for price-capped, lower-margin goods within its core ecosystem.

Haul has previously attracted regulatory attention in the US over its handling of import tariffs, but Amazon has since stated it would not display these costs to customers. The UK launch avoids this issue entirely for now.

United Carpets and Beds taps McCann Leeds for media overhaul

Retail chain United Carpets and Beds has appointed McCann Leeds to handle its full media planning and buying operations, marking a strategic shift in its marketing efforts.

The Rotherham-based company will rely on the agency to deliver integrated campaigns across digital and traditional platforms. The move is part of a broader effort to modernise its brand presence and improve media performance.

McCann Leeds was selected following a competitive process, based on its ability to blend data-led planning with commercially driven creative strategy. The agency is expected to play a key role in refining the retailer’s growth strategy and helping it compete more effectively in a crowded home retail market.

Funds secured for delivery of £14.5m care home in Halifax

Octopus Real Estate, part of Octopus Investments, has agreed a forward funding deal for the development of a new care home in Hipperholme, Halifax. The £14.5m purchase will provide 72 much-needed beds to an area with a significant undersupply. The new care home is designed to meet the highest standards of modern care facilities. It will be an all-electric home powered by air source heat pumps and will include solar panels, targeting BREEAM ‘Excellent’ and EPC ‘A’ ratings. The forward funding is being provided to Burghley Care, the joint venture partnership between care home operator Park Lane Healthcare, and specialist developer Torsion Care. The new care home is expected to reach practical completion in August 2026. Max Weitzmann, investment director – care homes, Octopus Real Estate, said: “This new care home will not only provide much-needed beds in Hipperholme, but will also set a national benchmark for sustainable and high-quality care facilities; of key importance to Octopus as we are committed to delivering 100% net zero care homes by 2040. “The agreement marks the continuation of our relationship with well-positioned developer Torsion Care, whilst providing an excellent opportunity to bring Park Lane Healthcare into the Fund, along with Burghley’s strong pipeline of sites across the region.” Chris Lane, chairman, Park Lane Healthcare, said: “This project marks an exciting milestone for Park Lane Healthcare as part of our joint venture with Torsion Care. Through Burghley Care, we’re combining decades of operational expertise with innovative development capability to deliver a new standard of care. “The purpose-built home in Hipperholme is just the beginning of what we believe will be a transformational pipeline across the region, offering the highest quality care and addressing increasing demand for residential support.” Ian Ward, managing director, Torsion Care, said: “We are proud to announce this forward funding deal with our funding partner Octopus Real Estate and the formation of a new joint venture partnership with Park Lane Healthcare under the Burghley Care brand. “This joint venture marks an exciting new chapter for our business, as we work towards delivering high-quality, purpose-built care environments that meet the evolving needs of our ageing population. “The support and confidence shown by Octopus Real Estate reflects our shared commitment to long-term, sustainable care solutions. Together with Park Lane Healthcare, we look forward to creating homes where residents feel safe, valued, and truly at home.”

Casper River unveils UK’s most inland shipping port in Leeds

Casper River and Canal Transport (Casper River), the Humber inland waterway freight transportation company, has unveiled the UK’s most inland shipping port in Leeds. The 1.5-acre site located in Stourton Wharf, owned and managed by commercial and industrial property specialist Towngate PLC, will see more than 5,893 heavy goods vehicles removed from UK roads for each water-based vessel in operation – easing congestion, reducing the likelihood of road-based accidents, minimising traditional port costs, and eliminating approximately 1,434 metric tonnes of CO2 emissions per barge. The news comes eight months after Casper River was first incorporated as a subsidiary of Casper Chartering, providing an in-house logistical solution to keep freight on water for longer throughout Europe. While the company already has dedicated mooring facilities in Rotherham and Burton Upon Stather, Stourton Wharf marks its first self-operated inland waterway, streamlining commercial freight transportation capabilities for its customers. Situated on the Aire and Calder navigation between Castleford and Leeds, the port is designed to handle a variety of bulk cargoes – including steel, aggregates, cement, grain, and scrap – from sea to canal to end user. The opening of the site follows an extensive three-month renovation, completed with the support of landlord Towngate PLC. Along the 45-metre-long wharf, Casper River has cleared overgrowth, levelled the ground with aggregate to access moored vessels, demolished fifty metres of a ten-foot-tall brick wall, relocated site gates, and commissioned informative signs. “Waterborne freight transport is a significantly more efficient, cost-effective, and sustainable option, but the misuse of our nation’s waterways means it’s not used as much as it should be,” said Sean Taylor, vessel operator at Casper River. “This is why we’re on a mission to revive the UK’s inland waterways and freight barges, and we’re already witnessing growth with partners who are just as committed to remedying the challenge as we are. “Each vessel will save the equivalent of the average annual carbon footprint of 174 homes. And if initial trials go well with our first cargo barge – an ex-Humber Princess oil tanker called the MV Off-Roader – we’re hoping to discharge four barges each week at Stourton Wharf.” Casper River is already considering additional developments to the site. Soon, the company plans to use on-shore energy to power its vessels when they moor alongside the wharf. In addition to decreasing noise pollution for neighbouring homes and businesses, this will reduce the carbon emissions of its operations even further. Jake Wilde, facilities manager at Towngate PLC, said: “Casper had been working with the Canal and River Trust to source the right location for the scheme. But with so many of the UK’s wharves in decline and lacking the right mooring facilities for commercial barging, it was a difficult feat – until they were eventually pointed in our direction. “With three private wharves running along our Stourton Wharf facility, it proved the perfect location, conveniently situated just a five-minute drive from the M1 motorway and the heart of Leeds City Centre. We’re pleased to have supported Casper River with the sizeable renovation, and look forward to facilitating the business’ ongoing expansion from our site.” Keen to meet expected capacity requirements, Casper River is already in discussions with partners regarding additional fleet tonnage, supporting the growth of inland commercial barging throughout the Humber.

Collingwood Engineering boost capabilities and workforce with a UKSPF capital grant

A local company based in Barton Upon Humber has grown substantially over the last few years. Collingwood Engineering has expanded its capabilities and service offering with further investment with help from a UKSPF capital grant in a new Haas CNC lathe as well as a new Haas Mill. They have also increased their workforce further by employing two very experienced machinists with over 60 years of combined experience between them, expanding on the services offered to local and national companies. Collingwood Engineering also received a marketing grant in the last quarter of 2024 that has enabled them to have a local media company, ‘Know Media’, come into the business to support them and together produce a new promotional video, which highlights their new investment as well as their existing machinery. The new promotional video can be viewed on the company website https://www.collingwoodengineering.co.uk/. Collingwood Engineering continues to invest in new machinery to keep up with clients’ evolving needs. What’s next for Collingwood Engineering!

Lincoln railway safety tech start-up secures £2m investment

The company behind a wearable safety solution, which helps to improve the safety of railway staff and prevent avoidable incidents, has raised £2m from Praetura Ventures and Blackfinch Ventures, as it aims to expand into new sectors and global markets. Lincoln-based Tended has created an innovative geospatial positioning device to alert rail workers when they exit designated safe zones, allowing them to maintain a safe distance from onsite hazards, such as open lines and in-use heavy machinery. Train companies are often fined millions for track deaths and near misses. And while near misses are at record lows, they do still occur, with 22 taking place in the 23/24 fiscal year, according to the Rail Safety and Standards Board’s latest Annual Health and Safety Report. To improve safety across the board, Tended, which has recently secured a seven-figure contract with Network Rail, uses rail industry geospatial data to generate positioning information with a high level of precision. This replaces traditional and unscalable ways of ensuring worker safety, including paper-based diagrams and verbal briefings. Another major customer is Siemens Mobility, which has been working with Tended for the past two years and is now embedding Tended’s geofencing technology nationally into its business-as-usual processes. The tech giant has also been working with Tended to develop new functionality that will play an integral role in worksite management. Tended’s technology can issue an alert within 0.25 seconds, giving workers adequate time to move out of harm’s way or respond to a potential danger, mitigating the risk of potential injury or fines. The company’s solution also provides rail companies with asset tracking, providing a bird’s eye view of their worksites that makes it easier to identify and correct unsafe activities before they become incidents. The £2m round has been led by Praetura’s EIS Growth Fund, with Tended also raising money from its existing investor Blackfinch Ventures and angel investors. The funding will be used to strengthen the business’s IP portfolio, release the next generation of its wearable device and increase its headcount across sales and engineering. Praetura partner Andy Barrow joins Tended’s board, alongside Ijaz Khan from Blackfinch Ventures. Together, Andy and Ijaz bring key experience including from other board positions across software businesses in their growth phase. Since raising the investment, Tended has also begun its expansion into Ireland, Northern Ireland and the Netherlands, with the business working alongside influential leaders within the rail sector – including Irish Rail and Translink – to digitise worksites and put safety at the forefront. Leo Scott Smith, CEO and founder of Tended, said: “Our mission is to put an end to preventable accidents and fatalities. Working with top-tier investors and partners, we’re pushing the boundaries with geospatial technology and developing some exciting new capabilities that are moving us closer to this mission. “These include Blackfinch and our new investor Praetura, and their backing will enable us to accelerate our company growth and expansion into new markets and territories. “Expanding our geographical footprint will enable us to bring our technology to new customers and industries that can greatly benefit from our solutions. We’re excited to capitalise on these new opportunities while continuing to drive the business forward.” Andy Barrow, partner at Praetura Ventures, said: “Railway infrastructure relies on constant maintenance and the continued efforts of trackside staff to ensure services operate smoothly and safely. This is why companies must do everything in their power to protect those who work on the railways. “Tended instantly inspired us with its approach to advanced geospatial technology, which is already having a profound impact on the safety of trackside workers. This investment also marks our latest foray into transport and using technology to improve infrastructure. “We’re looking forward to working closely with Leo and the team, living by our ‘more than money’ ethos to help the business attract more major clients and contracts in the UK and around the world.” Richard Harley, ventures director at Blackfinch Ventures, said: “Blackfinch Ventures have been working closely with Tended for several years now, and have seen the team pivot twice as they adapt their solution and capabilities to the environments and sectors that will benefit from their technology. “The company has been awarded multiple long duration contracts, strengthened its expertise and now has a unique position within the rail safety network. We are delighted to be part of this continued evolution and growth that’s helping to protect workers around the world.”

Quickline opens Leeds hub to accelerate rural broadband and skills growth

Internet provider Quickline has launched a new operational and training facility in Leeds to support the expansion of high-speed broadband in rural areas across Yorkshire.

The site will be key in Quickline’s delivery under Project Gigabit, a government-backed initiative to connect remote communities with gigabit-capable broadband. The new hub is intended to streamline logistics and reduce travel for field engineers, improving operational efficiency and lowering carbon emissions.

In addition to functioning as a logistics centre, the facility includes a purpose-built training centre for apprentices and a dedicated space for student engagement. The focus is on building skills in STEM and digital literacy to prepare future workers for careers in telecoms and infrastructure.

The investment highlights the growing role of regional infrastructure in supporting national digital goals and creating pathways for workforce development in underserved areas.

Volkswagen shuts down Heycar after heavy losses

Volkswagen Financial Services is closing down its used car platform Heycar after years of mounting losses and weak revenue.

Launched in the UK in 2019 to rival Auto Trader and Motors, Heycar never gained market traction. It reported a £30 million loss in 2022 and £22.4 million in 2023, with revenue falling to just £7.4 million.

The platform, which listed nearly 100,000 vehicles, will shut down operations in Germany by mid-May, with the UK business expected to follow. Around 126 staff, mostly in the UK, are at risk of redundancy.

VWFS plans to reuse Heycar’s technology in a new venture focused on digital tools for the automotive sector. Dealerships using Heycar will need to move listings to other platforms or their own sites.

UK firms rush into AI adoption amid skills gap and regulatory risks

UK businesses are rapidly integrating artificial intelligence tools into their operations, with adoption doubling from 9% in 2023 to 18% by early 2025, according to the Office for National Statistics. Among larger employers, nearly one in three are now using AI technologies. However, this surge in uptake is unfolding without the in-house expertise to understand or manage the systems being deployed fully.

This trend is occurring against the backdrop of a severe digital skills shortage, which government figures estimate is costing the UK economy £63 billion annually. The gap in technical knowledge is particularly problematic in regulated industries—such as finance, insurance and healthcare—where decisions must be traceable and justifiable to both customers and regulators.

Many AI systems being implemented rely on self-learning algorithms that process large volumes of data to identify patterns and generate predictions. While powerful, these models often lack transparency. They produce results without a clear rationale, making it difficult for businesses to explain or challenge their outputs. This presents a significant compliance risk in regulated sectors, primarily when decisions affect credit approval, medical outcomes, or employee assessments.

There is growing concern that businesses may unknowingly introduce invisible errors into their operations. Without the ability to audit or interpret how an AI model arrives at a decision, firms could miss critical mistakes or fail to correct them in time. Regulators are also tightening their expectations, demanding that automated systems be able to provide clear, auditable justifications for their decisions. At the same time, employees and customers increasingly resist accepting AI-driven outcomes that appear arbitrary or lack human oversight, putting overall trust in the technology at risk.

In response, some research teams are working on ways to make AI more transparent and accountable. They focus on developing tools to explain how models work, flag potentially harmful decisions, and ensure human oversight remains in place for high-impact cases. These initiatives aim to help businesses draw clearer boundaries around AI use, reduce the risk of misuse, and align with regulatory expectations.