County accountancy firm makes north London acquisition

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Accountants and business advisers Duncan & Toplis has acquired London-based accountants ALG, milestone in the group’s largest period of growth in its 100-year history. The deal will see ALG rebrand, with all team members including directors Mark Hilton and Panos Michaelides remaining in their roles. The team will join their new Duncan & Toplis colleagues in the Finchley office, which opened in September 2024 following the company’s acquisition of Haines Watts North London. Damon Brain, CEO of Duncan & Toplis, said: “Last year, we began a new era of our company’s history with the launch of our Growing Together strategy. Now, this is another exciting step for us and I can’t think of a better way to celebrate the start of our centenary year.” Amilios Costa, Regional Director for London at Duncan & Toplis, added: “We’re very excited to be welcoming ALG to Duncan & Toplis – Mark, Panos and the team will bring a wealth of experience and expertise, helping us to maximise our potential here in North London.”

Government changes the rules on apprentice qualification

Up to 10,000 more apprentices will be able to qualify every year as the government Changs apprenticeship rules giving employers more flexibility over maths and English requirements. Rules slowing down the training of workers in key industries like construction will also be changed as the government reveals plans to turbocharge growth industries with reduced bureaucracy for apprenticeships and new leadership also appointed for Skills England. Businesses will now be able to decide whether adult learners over the age of 19 when they start their apprenticeship course will need to complete a level 2 English and maths qualification (equivalent to GCSE) in order to pass it. This means more learners can qualify in high demand sectors such as healthcare, social care and construction, helping to drive growth and meet government targets in key areas such as housebuilding. This could mean as many as 10,000 more apprentices per year will be able to complete their apprenticeship, unlocking opportunity in communities all over the country and breaking the link between background and success. It does not mean that apprentices won’t be assessed on core English and maths skills relevant to their occupation, but it does mean that apprentices will be able to focus more on their paid work. The minimum duration of an apprenticeship will be reduced to eight months, down from the current minimum of 12 months. Secretary of State for Education, Bridget Phillipson said:  ”Growing the economy and opportunity for all are fundamental Missions of our Plan for Change, and we are determined to support apprentices throughout this National Apprenticeship Week and beyond. “Businesses have been calling out for change to the apprenticeship system and these reforms show that we are listening. Our new offer of shorter apprenticeships and less red tape strikes the right balance between speed and quality, helping achieve our number one mission to grow the economy. ” Craig Beaumont, Executive Director at the FSB said: “It’s encouraging to see Government shorten the length of apprenticeships, and give employers the right to decide whether Level 2 English and Maths is needed. These flexibilities should help SME employers fill skills gaps faster.”

Nationwide Platforms empowers employees through apprenticeships

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This National Apprenticeship Week (10th – 16th February 2025), Nationwide Platforms is championing the value of lifelong learning through employees like Yetunde Adefila, a 40-year-old HR Business Partner who’s using an apprenticeship to sharpen her leadership skills and shape company HR strategy.

With an engineering background and a degree in computer science, she began her career in the technical sector. However, she soon realised she missed the human interaction element in her work, leading her to transition into HR in her late 20s. Since joining Nationwide Platforms as an HR Advisor three years ago, she has progressed rapidly, being promoted to HR Business Partner within a year.

While transitioning into her new role, Yetunde sought guidance from a mentor outside of work who recommended an apprenticeship to strengthen her leadership and strategic HR skills. Already holding a Level 7 qualification in HR Practices, Yetunde opted for a career-adjacent route, enrolling in a Level 5 Coaching Professional apprenticeship through KnowledgeBrief. Her apprenticeship is focused on coaching and influencing and takes 12 months to complete, involving online learning, bi-monthly meetings with a skills coach, portfolio development, and a final exam. Now two months in, she is already seeing improvements in her approach to HR strategy. “I absolutely love my role,” says Yetunde. “Every day is different, and I enjoy the gentle strategising that comes with it. HR is often the first place people turn to when they’re struggling at work. I want to be able to guide them effectively, balancing emotional support with strategic decision-making. I’m incredibly thankful for the opportunity to level up. I describe myself as a ‘certification freak’, but this apprenticeship is more than a qualification. It’s about applying frameworks in real-time and developing the soft skills that make a real difference. Balancing work, studies, and family life is no small feat, and Nationwide Platforms’ hybrid working policy has been crucial to maintaining this balance while still enjoying precious family time.”

Charlie Stanley, HR Director at Nationwide Platforms, said, “Nationwide Platforms champions internal career development through apprenticeships. By providing employees with the tools, flexibility, and support to advance their careers, the company is fostering a culture of continuous learning and growth. As we celebrate National Apprenticeship Week, Yetunde’s experience is a testament to the power of lifelong learning and the impact of investing in people. Nationwide Platforms is proud to play a part in helping employees reach their full potential, proving that career growth is always within reach.”

New Procurement Act set to reshape business operations

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The UK government will implement the Procurement Act 2023 on February 24, 2025, introducing changes to increase small business participation in public contracts. The government spends £400 billion annually on public procurement and has set a target to direct over £120 billion to small and medium-sized enterprises (SMEs). Only around 10% of contracts are awarded directly to SMEs, rising to 24% when subcontracting is included.

A key change under the new Act is the introduction of a Central Digital Platform to replace and enhance the Find a Tender service. The platform will centralise supplier registration, store core business details for multiple bids, and improve visibility into public procurement opportunities. Suppliers can manage profiles, track procurement notices, and set up tender alerts. The platform will also capture procurement data for future analysis.

All suppliers seeking public sector contracts must register on the new platform, regardless of previous registration on Find a Tender or Contracts Finder.

Workplace supplier Slingsby seeks buyer amid falling sales

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HC Slingsby, a workplace equipment provider with origins dating back to 1893, has announced it is seeking a buyer. The West Yorkshire-based company, which specialises in manufacturing and distributing industrial and commercial equipment, has launched a formal sales process and is inviting potential offers for its entire issued share capital.

Founded by Harry Crowther Slingsby, the company initially focused on producing handling and lifting equipment before expanding its product range. Slingsby became a publicly listed company in 1961 and moved to the AIM stock market in 2005. Today, it offers over 40,000 products for workplaces across various industries.

The decision to pursue a sale follows a strategic review of its options. However, the company stated that it is not currently in discussions with potential buyers and has not received formal approaches.

Slingsby has struggled financially, reporting lower sales and increased costs. In October 2024, the company revealed an 8% drop in revenue over the first nine months of the year. The decline was linked to reduced customer spending, rising operational expenses, and weaker demand for seasonal goods. Additional uncertainty around tax and regulatory changes further impacted performance, resulting in an unaudited pre-tax loss of £530,000 by the end of September.

Nicholas Associates Group acquires Hull-based Smart Temporary Solutions

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Nicholas Associates Group (NA Group), a talent management firm with an annual turnover exceeding £86 million, has acquired Hull-based recruitment agency Smart Temporary Solutions Limited. The move expands NA Group’s presence in the industrial and manual labour staffing sector and strengthens its nationwide service offering.

Smart Temporary Solutions specialises in temporary and temp-to-perm staffing for blue-collar industries. The acquisition aligns with NA Group’s strategy to enhance its workforce solutions across the UK.

David Kitney, founder of Smart Temporary Solutions, is stepping away from the business following the acquisition. He expressed confidence that NA Group’s leadership will continue to support the agency’s clients, candidates, and employees.

NA Group, headquartered in Rotherham, operates several brands, including Stafforce, The Apprentice Employment Agency, and Graduate Career Solutions.

Incommunities appoints new Director of People

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Bradford-based housing provider Incommunities has appointed Dr Bilal Mohammed as its new Director of People. Bilal brings extensive experience in people and transformation leadership across a variety of sectors, including retail, e-commerce, technology, and higher education. He joins the organisation from University Academy 92 (UA92), a higher education institution based in Manchester co-founded by Gary Neville, where he served as Director of People and Operations. Bilal has also held senior positions at Asda, Apple, and Carwow, and has provided consultancy to major brands such as Lloyds, Gymshark, O2, Shell, and Sainsbury’s. He sits as a non-executive director on the board of Løci, a British urban-lux apparel brand. Bilal also serves as a board advisor to the Apple EMEA leadership board. Speaking about his appointment, Bilal said: “I’ve spent much of my career in highly commercial, high-growth organisations, where the focus was primarily on commercial success. My decision to join UA92 was a turning point in my career, as I began to align my work with organisations that prioritise social impact and purpose. “One of the key reasons the role at Incommunities appealed to me is because the organisation’s values resonate deeply with me – its commitment to delivering high-quality, safe homes with a strong social mission, and its work to make a difference in a region that is home to me. “The organisation is in an exciting position, having undergone a significant reset and built strong foundations upon which it can grow. I’m excited to join an energised and passionate team, and I’m looking forward to helping shape and deliver a sector leading experience for all our people, customers, and communities.” Sara Sheard, Executive Director of Business Operations at Incommunities, added: “Bilal’s wealth of experience in leading people strategies in complex organisations will be vital as we continue to strengthen and develop our workforce, ensuring that we meet the needs of our customers and communities, whilst creating a great culture and experience for our colleagues. “A key part of Bilal’s role will be leading the next phase of our EDI journey, working closely with our Board, colleagues, and customers to ensure we build a truly inclusive and empowering culture. His expertise will be invaluable as we continue our progress.”

Stove supplier secures £125k investment package

An investment package of £125k is supporting ambitious growth plans for Whitby and Guisborough-based Heritage Stoves, a family-run firm supplying wood burning and multi-fuel stoves.

This funding supports Heritage Stoves following the acquisition of Heritage Hearthstone Fires & Stones, which has been operating since 1997. Following the acquisition, Heritage Stoves will supply and install premium wood-burning and multi-fuel stoves from leading brands to domestic and business customers.

Founded in May 2024 by husband-and-wife duo Daniel and Stephanie Bird, Heritage Stoves brings together the couple’s skills. Daniel’s a qualified heating engineer, and Stephanie, with four years of experience managing the Guisborough office of Heritage Hearthstone Fires & Stones, was approached by its retiring owners to take over the business due to her deep familiarity with its operations.

Daniel said: “This investment marks an exciting new chapter for Heritage Stoves. Acquiring Heritage Hearthstone allows us to build on a trusted legacy while driving local economic growth. We’re committed to offering exceptional products and services to both consumers and businesses.”

The investment, provided by NPIF II – BEF Smaller Loans which is managed by the Business Enterprise Fund (BEF) as part of the Northern Powerhouse Investment Fund II (NPIF II), includes additional support from BEF’s Community Investment Enterprise Fund 2 (CIEF2), backed by Lloyds Bank and Big Society Capital, as well as the British Business Bank’s Start Up Loans programme.

Antony Nicholson, investment manager at BEF, said: “Daniel and Stephanie’s vision, combined with their industry expertise, demonstrates the transformative potential of strategic investment in local businesses. This is precisely the kind of venture NPIF II is designed to support.”

Lizzy Upton, senior investment manager at British Business Bank, added: “Securing finance to accelerate growth is a key part of a business’ journey, and this funding from NPIF II will play a transformational role in helping Heritage Stoves expand its operations following the acquisition. While allowing the company to purchase new stock, it will also be used to create and protect jobs, adding further impact to the local economy.”

The £660m Northern Powerhouse Investment Fund II (NPIFII) covers the entire North of England and provides loans from £25k to £2m and equity investment up to £5m to help a range of small and medium sized businesses to start up, scale up or stay ahead.

BEF specialises in delivering smaller loans between £25,000 and £100,000 to businesses in Yorkshire and Humberside. Committed to breaking down barriers to finance, BEF ensures SMEs across diverse industries receive the support they need to thrive.

Yorkshire food group acquired

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Karnova Food Group has been acquired by OSI UK, part of OSI Group. Karnova Food Group was created through the acquisition and integration of Yorkshire Premier Meat and Smithfield Murray by Endless LLP (Endless) in 2022 and 2023 respectively. The combined group created one of the UK’s leading value-add business-to-business protein ingredients suppliers with revenues of over £135 million. The buyer, OSI Group, is a privately owned global business, headquartered in Aurora, Illinois, with 67 manufacturing facilities, more than 20,000 employees operating out of 16 countries and supplying customers in 77 countries. Di Walker, Chair of Karnova, said: “Since Endless acquired both Yorkshire Premier Meat and Smithfield Murray we have delivered significant growth with new and existing customers and focused hard on quality and service. “Endless has been instrumental in helping us on this journey and we are very grateful for the true partnership and financial support they have given us. “I am absolutely delighted that OSI have decided to acquire Karnova as it is a great strategic fit and they will be a fantastic long-term owner for the business and its employees.” Katharine Haenelt, MD of OSI UK, said: “We are delighted to be welcoming Karnova into the OSI family. We have been hugely impressed with how the business has developed under Endless’ ownership and see significant opportunities for further growth across the combined businesses.” Endless Investment Director James Warburton said: “We are very proud of what we have achieved with Karnova in a relatively short time period and have enjoyed working with the team. “We did not envisage selling Karnova this early but OSI made clear their ambitions for the business and they will be a fantastic long-term owner for the business with a market leading reputation. We wish the whole Karnova team all the best for the future.” Endless was advised on the sale by Paul Satchell of Spayne Lindsay (corporate finance), Giles Chesher of Squire Patton Boggs (legal), with vendor assist provided by Chris Stott of KPMG.

Management buyout completed at Leeds compliance solutions provider

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Product Partnerships Limited (PPL), a Leeds-based regulated compliance solutions provider, has successfully completed a management buyout (MBO) backed by a £10m funding package from Arete Capital and TDC’s Impact Fund. This investment marks a significant milestone in PPL’s growth journey, enabling the company to expand and enhance its specialist compliance services offering and proprietary technology platform. Founded in 2014 and headquartered in Leeds, PPL provides outsourced compliance services to retailers offering consumer credit products covering both directly authorised firms and appointed representatives under Financial Conduct Authority (FCA) regulations. Since its inception, the company has built an impressive portfolio of blue-chip clients, including Google, Aston Martin, JD Sports, Peloton, and Bensons for Beds. Today, PPL oversees more than £260m in credit transactions across its network. Arete played a pivotal role in structuring the MBO, securing a tailored private credit facility with TDC via its Impact Fund to facilitate the transaction and future acquisitions. As part of the deal, Arete has also helped to strengthen PPL’s board and leadership team, appointing Peter Cowgill as Chair, as well as a new Chief Compliance Officer and Chief Financial Officer. Peter, ex-Executive Chairman of JD Sports, brings a wealth of retail experience to the role. Phillip Garlick, Chief Executive of PPL, said: “The investment from Arete and TDC is significant for our business. It provides us with the financial firepower to invest in compliance resources, accelerate organic growth, explore strategic M&A opportunities, and continue our expansion into high-potential sectors such as green energy. “We are also committed to further developing our proprietary technology into a fully-fledged SaaS solution, enhancing value for our clients.” Simon Lord, Partner at Arete, added: “PPL is a dynamic, growing business with significant untapped potential. The demand for compliance-based solutions in the retail sector is stronger than ever, and PPL is perfectly positioned to capitalise on these opportunities. We are excited to support Phillip and his team on this transformational journey.” Jon Petty, Investment Director at TDC, said: “Through our Impact Fund, we are committed to supporting high-growth northern SMEs. Phillip and the PPL team have demonstrated their ability to drive sustainable growth, and this investment will enable them to expand further, create new jobs, and contribute positively to the regional economy.” The deal was led by Simon Lord and Jamie Newall from Arete, with support from Hill Dickinson (led by Matt Noon/Alex Thow), Cortus (led by Ben Emmett) and Claritas Tax (led by Peter Hully) – that provided legal, financial and tax structuring expertise to Arete during the transaction.