Investor partners with leadership in buyout of video game publisher

Emona Capital LLP has partnered with leadership in the buyout of video game publisher Secret Mode. Founded as part of Sheffield-based Sumo Group in 2020, Secret Mode’s portfolio of titles features numerous critical, commercial, and award-winning hits across multiple genres, including Still Wakes the DeepA Little to the LeftWobbledogs, and Eternal Threads. Emona Capital, a financial investor with deep expertise in the gaming industry, has a portfolio that includes world-renowned PC and console studios such as Relic Entertainment and Amber Studio. Secret Mode marks its first investment in game publishing. In partnership with Emona Capital, Secret Mode will operate as an independent publisher, focused on supporting indie PC and console games. Secret Mode’s current leadership, Ed Blincoe and James Schall, has the full backing of Emona and will remain at the helm, leading the company as it enters its next phase. Ed Blincoe at Leamington Spa-based Secret Mode said: “Secret Mode is deeply passionate about the creativity and innovation within the indie space, and so we are thrilled to be partnering with Emona Capital and to fully focus on the independent publishing scene. “I also want to express our gratitude to Sumo not only for believing in Secret Mode’s original vision and overseeing our startup years, but for granting us this opportunity to become a fully independent entity.” James Schall at Secret Mode said: “By becoming independent, we can now put all our efforts into uncovering the indie gems that gamers never knew they needed in their lives. “We are committed to bringing our players the very best indie titles; not just of the future, but also by helping them discover existing indie masterpieces that have undeservedly flown under the radar in years gone by. “We are working hard to empower independent developers across the globe, and hope to make some exciting announcements on this front in the coming months.” Dominik Dolenec, Managing Partner at Emona Capital, said: “Secret Mode has made great waves in its formative years as a publisher of independent games. We look forward to supporting Secret Mode’s mission within the independent games sector across PC and consoles.” Michael Moriarty, Partner at Emona Capital, said: “We are excited to build upon our commitment in the gaming ecosystem by investing in Secret Mode. This partnership strengthens our portfolio and adds skills and experience that complement our existing studios.”

Doncaster trade park acquired for £7.85m

Northern Trust Company Ltd has acquired Wheatley Hall Trade Park in Doncaster for £7.85 million. The multi-let trade park totals 49,282 sq ft across 12 units, with sizes ranging from 2,470 sq ft to 5,164 sq ft. Strategically located on a key arterial route, Wheatley Hall Trade Park sits at the heart of Doncaster’s prime industrial and out-of-town retail area. The site is adjacent to Wheatley Centre Shopping Park and next to Northern Trust’s existing Crompton Business Park. Jonathan Houghton, Property Portfolio Executive at Northern Trust, said: “We are extremely pleased to have added Wheatley Hall Trade Park to our growing portfolio. Its prime location on a key arterial route and its proximity to our existing Crompton Business Park makes it a perfect fit for our strategic vision. “This acquisition strengthens our footprint in Doncaster and enhances the flexible business space options we can offer to new and existing occupiers. This latest acquisition underscores Northern Trust’s continued investment across key regional markets.” Dan Hodge, Regional Property Director at Northern Trust, added: “Wheatley Hall Trade Park is a high-quality asset that complements our existing properties in Yorkshire. The estate’s modern units and excellent transport links make it an attractive location for a wide variety of trade operators. We are committed to supporting local economic growth by continuing to provide adaptable business space.” Richard Gale, Partner at Allsop LLP, acted for Northern Trust on the acquisition.

York logistics firm celebrates award win

A growing logistics firm in York is celebrating success after receiving a national award. Celkom Transport Ltd collected the ‘Brand Ambassador Award’ at a Shareholder Gala hosted by national pallet network Pallet-Track, held at Celtic Manor Resort in Newport.

The independent transport and warehousing company received the award in recognition of its efforts to build its reputation and promote its services. Celkom Transport was also highly commended for the Outstanding Growth Award, following a major expansion and investment in a new 50,000sq.ft. warehouse at its York site, which it has fully refurbished.

The new warehouse facility enables the business to provide greater storage and fulfilment options for its customers, while also creating five new jobs, as part of the company’s wider growth plans.

The York-based firm already provides an invaluable 24/7 operation for its customers, using a diverse transport service from vans to temperature-controlled HGVs.

Lukasz Komamicki, director at Celkom Transport, said: “We are proud to be awarded this trophy in recognition of our efforts to promote our services and the benefits of palletised freight distribution via the Pallet-Track network.

“We work hard to be brand ambassadors for the service Pallet-Track provides by educating our customers and supporting our fellow network members.  It is very rewarding to be recognised in this way and to be able to celebrate our success as a growing business.”

The awards for Celkom Transport celebrate its contribution to the national Pallet-Track network, which enables independent logistics and hauliers’ companies to work together to transport freight efficiently around the UK.

Stuart Godman, CEO of Pallet-Track, said: “Celkom Transport consistently goes the extra mile to promote its services and the Pallet-Track brand and network as a whole, so it’s little surprise they were, very deservingly, honoured with the Brand Ambassador Award at our recent Shareholder Gala.

“They have been committed to improving their own brand, while also supporting their fellow network Shareholder Members, demonstrating their use of marketing and branding for maximum impact, proving a valuable addition to the Pallet-Track network. Congratulations to Lukasz and the team at Celkom, who I am certain will continue with its trajectory of sustained growth as a very valued Shareholder Member of the Pallet-Track network.”

Hull’s KWL enters housebuilding market with new division

Hull-based construction firm KWL has expanded into housebuilding with the launch of KWL Homes, aiming to meet the rising demand for quality housing. The firm, owned by Hull City Council, is starting with a 27-home development at Matheson Close near Sutton Golf Club, offering a mix of two, three, and four-bedroom houses designed for a range of buyers.

With £51 million in turnover last year and a workforce of 500, KWL is positioning this expansion as both a business growth strategy and an investment in Hull’s economic future. The company plans to integrate an apprenticeship programme to train new tradespeople, addressing industry skills shortages.

Estate agency William H Brown has been appointed to manage sales, while Sangwin Architects is overseeing the design, which prioritises contemporary aesthetics and practical living.

KWL, established in 2007, provides maintenance and refurbishment services to over 23,000 homes in the Hull area. The firm also owns a small portfolio of rental properties and focuses on restoring vacant homes to support urban regeneration.

Adderstone Living expands with new Leeds office to meet social housing demand

Affordable housebuilder Adderstone Living has opened a new office in Leeds to expand into Yorkshire. The move aims to support growing demand for regionally based social housing development.

Founded by Stephen McCoy and Peter Galbraith, Adderstone Living works with major social housing providers such as Karbon Homes, Gentoo, and Places for People. The company offers land-led solutions, including site sourcing, scheme design, and planning approvals.

The Leeds office, located in Carrwood Park, will be led by regional director Rick Long, who brings extensive experience in residential housebuilding. The expansion follows strong growth and aligns with government efforts to address the housing shortage.

Adderstone Living is also expanding in the North West and recently launched a £16 million, 70-unit scheme in East Cowton. To support its regional diversification, the company is actively securing framework agreements, including a place on the Homes England Delivery Partner Panel (DPP).

Challenges such as planning delays and environmental regulations remain, but the company’s in-house planning team is working to mitigate disruptions and ensure project efficiency.

Severfield shares plunge 48% after second profit warning

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Severfield, the North Yorkshire-based structural steel group, saw its share price drop by 48% to 26.4p following a second profit warning in challenging market conditions.

The company now expects underlying pre-tax profit for the year ending 29 March 2025 to be between £18m and £20m. This follows a warning in November 2024, when Severfield highlighted a challenging trading environment in the UK and Europe.

Project delays continue impacting revenue, with a major contract initially scheduled to begin in January, which is now postponed to early FY26. The company’s UK and Europe order book stood at £403m as of 1 February 2025, down from £410m in November, with £281m scheduled for delivery within 12 months.

Severfield has implemented cost-cutting measures but has not secured enough short-term work to cover overheads in Q4. The company expects continued uncertainty, with delays in client decision-making and a lack of primary “anchor” projects affecting FY26 performance. As a result, it now anticipates profits for FY26 will fall below revised FY25 expectations.

Despite near-term challenges, Severfield has secured large projects for FY27 and sees future opportunities in data centres, industrial manufacturing, and commercial office developments, particularly in London. The company also aims to capitalise on long-term growth sectors, including green energy.

Councils urged to ease business rate burden as retailers face rising costs

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The British Independent Retailers Association (Bira) urges UK councils to adopt targeted business rate relief schemes to support struggling high streets, following Barnsley Council’s £5 million initiative.

Barnsley’s plan, set to launch in April 2025, will grant 100% business rate relief to qualifying retail, leisure, and hospitality businesses for a year. Bira CEO Andrew Goodacre called it a model for other councils, arguing that surplus business rate revenue should be reinvested in local businesses.

Independent retailers face mounting financial pressure from rising costs, reduced tax relief, and higher National Insurance contributions. Goodacre warned that without intervention, more businesses could be forced to close.

Sherburn-in-Elmet town centre begins £800,000 upgrade

North Yorkshire Council has started a six-month upgrade of Low Street in Sherburn-in-Elmet, aiming to improve infrastructure and support local businesses. The £800,000 project, funded in part by the UK Shared Prosperity Fund, includes resurfacing damaged pavements, adding parking bays, installing benches, updating signage, and creating a new town centre map.

The upgrades are designed to make the area more attractive and functional for businesses, residents, and visitors. Work will be carried out in phases to minimise disruption, focusing on the stretch between The Swan pub and C & G Starkey Family Butchers.

The initiative has support from Sherburn-in-Elmet Town Council and local business owners, who see it as a way to enhance the town’s appeal and economic viability. The project was designed by Align Property Partners, a consultancy working with North Yorkshire Council.

Bradford College wins prestigious national education award

Bradford College has won ‘The Bell Foundation Award for Excellence in ESOL’ category at the 2025 Association of College’s Beacon Awards. The College was the only winner from Yorkshire or Northeast England. The national Beacon awards celebrate the best and most innovative practice in further education colleges and demonstrate the far-reaching impact of colleges on their students and the communities they serve. The award is in recognition of Bradford College’s ESOL (English for Speakers of Other Languages) provision, developed in partnership with the Royal Shakespeare Company. Learning and development is structured around Shakespeare’s works, and around 235 learners engaged with the project last year. ESOL learners learn about plays, performance, and language, which underpins English development. As well as language skills, students learn about themselves, their new community, and English heritage in a positive and engaging way that instils pride. They develop confidence, improve their mental health (often after significant trauma), and become empowered by their newfound skills. The College was also a finalist in ‘The Edge Award for Excellence in Real World Learning’ category for the Ambition HUB enhancement programme.  Ambition HUB gives students a genuine career edge as well as a vocational qualification, as an extraordinary layer of additional learning enhances Level 3 programmes. Cross-curriculum integration brings diverse subjects and professionals together to collaborate on engaging employer-led projects, such as hairdressers working with Yorkshire Building Society. The unique Ambition HUB model leads to a Level 3 qualification but also invaluable life experiences. Sarah Towan, Bradford College Vice Principal – Recruitment & Communications, said: “We are so delighted that staff and students’ hard work and outstanding innovation in learning has been recognised. The Beacon awards showcase the very best education has to offer in the UK, so this is a testament of our college’s fierce ambition to do the very best for our community. “It was incredible that two Bradford College initiatives were selected as finalists, but to have one win and be recognised as being at the forefront of education excellence is exceptional. Well done to everyone involved.”

EGO Technology acquires Ucan Secure IT to expand recycling capabilities

Burton-on-Trent-based IT disposal firm EGO Technology has acquired Bradford-based Ucan Secure IT, expanding its footprint in secure and sustainable IT recycling.

Founded in 2010, Ucan specialises in recycling redundant IT equipment, including laptops, hard drives, mobile phones, and printers. It operates as a zero-landfill organisation serving businesses, schools, and universities across the UK.

EGO Technology says the acquisition strengthens its position in IT asset disposal (ITAD) by integrating Ucan’s recycling capabilities, which focus on recovering valuable materials such as rare earth metals. The move is part of a broader strategy to enhance UK-based IT recycling solutions that ensure compliance and reduce environmental impact.