Streets cover customs declarations on imports from the EU, the reintroduction of the Coronavirus Statutory Sick Pay Rebate Scheme and more in latest business support update
In its latest Business Support Update, Streets Chartered Accountants dives into customs declarations on imports from the EU, the reintroduction of the Coronavirus Statutory Sick Pay Rebate Scheme, Self Assessment Tax Returns, and more.
Customs Declarations on imports from the EU – have you got to grips with changes from 1st January 2022?
HMRC has warned businesses that Customs Declarations on imports from the EU will change once again at the start of 2022. From the 1st January 2022, businesses will no longer be able to delay making import customs declarations under the Staged Customs Control rules that have applied during 2021. Most businesses will have to make declarations and pay relevant tariffs at the point of import.
Streets ranked in the Top 10 in Business Weekly’s New Year Honours
In Business Weekly, Streets has been acclaimed and recognised as one of the region’s leading financial advisory firms: “Streets has had a fabulously successful 12 months and expanded its area of expertise in the region through shrewd acquisition and sound planning.”
Coronavirus Statutory Sick Pay Rebate Scheme reintroduced for small businesses
The Government has stated that the Statutory Sick Pay (SSP) Rebate Scheme will be reintroduced allowing for businesses with fewer than 250 employees, who had a PAYE payroll scheme open on or before 28 February 2020, to recover money from the government to pay statutory sick pay to employees affected by Covid-19. Although claims were to be made before 31 December 2021, the scheme is being re-introduced in mid-January 2022.
Podcast – Self-Assessment Tax Returns with Kelly Goodchild
In this session, Streets Tax Manager Kelly Goodchild explores how the impact of the pandemic and the financial measures introduced by the Government to support individuals and businesses could affect your Self Assessment Tax Return due to be completed by 31 January 2022. The deadline looms.
Peace of mind in 2022 – we are concerned that you are not currently protected
With the self-assessment deadline for filing returns and making payments looming, tax matters are probably very much on the minds of many. Perhaps less so is the potential impact that a tax enquiry or investigation might have on us as an individual or on our business. Whilst we all want to ensure our affairs are in the best order, there is a real risk that the Revenue can instigate an investigation or enquiry.
Well-deserved New Year’s honour for Streets client Paul Holt
Services to International Trade, education and the UK’s PPE Supply Chain earn a well-deserved New Year’s Honour for Streets client Paul Holt, Managing Director of 3D printing specialists Photocentric. Paul has been recognised by the Queen with the award of an MBE for his contribution to international trade as well as his commitment to education.
Swedish company signs £100m deal for new ferry terminal at Port of Immingham
Stena Line and Associated British Ports (ABP) have entered into an agreement to jointly develop a new freight terminal at the Port of Immingham in the Humber region.
The £100m agreement will see the Swedish ferry company operate the new terminal for the next 50 years. It is a major long-term commitment and boost for the region.
Stena Line is one of the largest ferry operators in the world with 18 routes, and 37 vessels, operating between 13 countries across Northern Europe. It currently runs four daily freight services from the Humber to The Netherlands. These services are now in greater demand than ever before and are expected to increase further. 2021 saw their North Sea routes moving record levels of freight, this included a 28% year-on-year increase in unaccompanied freight.
At the start of the year Stena Line relocated its Rotterdam freight service to the Port of Immingham, the largest port in the UK by tonnage, which is owned by ABP. The move has allowed the company to become the provider of both the terminal and shipping operations.
With freight levels continuing to grow for the company, Stena Line needs to add capacity and expand its operations at Immingham. It requires a long-term solution that has access to the main Humber Estuary. This would allow for quicker sailing times and the option to use larger vessels to cater for increased freight demand from exporters and importers from across the region and the rest of the UK.
The proposals outline the relocation of Stena Line’s current Immingham freight operations to a new site, adjacent to Immingham Outer Harbour, where ABP will develop a new purpose built terminal facility. The proposals will allow the company to further expand its services by providing increased freight capacity for its customers. It is a significant infrastructure development for the region.
Niclas Martensson, Chief Executive Officer of Stena Line, said: “We are very pleased to announce that we will now take the next steps in the strategic vision for our routes between the UK and Continental Europe. Our freight levels are at record levels and are continuing to increase, so we want to build on this success and provide additional services to our most important business needs, those of our customers, with the development of a brand new terminal and berths at the Port of Immingham.”
He added: “Stena Line is pledging a significant long-term commitment that will bring a substantial boost to the region’s economy in terms of jobs and revenue. We look forward to working with Associated British Ports to develop this exciting project.”
Simon Bird, Humber director, Associated British Ports, said: “We’re delighted to welcome this new deal with Stena as it underlines the fact that ABP in the Humber is continuing to go from strength to strength. Stena will be joining a growing family of commercial partners who are choosing to use ABP’s ports in the Humber which have fantastic facilities and connections for traders across Europe and beyond. Our track record in recent years of investing in new infrastructure is making the Humber the place to be for trading links between the Midlands and North of England, and the rest of the World.”
ABP intends to submit an application for a Development Consent Order to the Secretary of State for Transport in early summer with a view to the new terminal facilities being operational in 2025.
Leeds property company expands rental portfolio with acquisition
Leeds-based property company, Adair Paxton, has expanded its portfolio of managed residential rental properties after acquiring longstanding Rothwell estate agent, William Denton and Son.
William Denton and Son was founded more than 140 years ago. Paul Simpson joined the business 45 years ago and became a partner, alongside his wife Julia, in 1984. The couple have now retired following the sale.
The deal will add more than 200 managed properties, located throughout Leeds and West Yorkshire, to Adair Paxton’s rental portfolio, which will now be managed by the firm’s Horsforth and Leeds city centre offices.
Guy Roberts is a director at Adair Paxton and heads up the company’s residential lettings division. He said: “William Denton and Son has an excellent reputation, built up over many years, and managed a significant number of properties, which made this a strategic and sought-after acquisition.
“The portfolio includes a large number of regulated tenancies, which are long-term agreements between tenants and private landlords, and as one of only a few companies in Leeds with expertise in this area, the portfolio was a good fit that complements our lettings division.”
Paul Simpson said: “We have built up and run a successful business and we carefully considered who we would sell the business to as we planned for retirement.
“Although there was a lot of interest, Adair Paxton has a long history in Leeds and an expert team operating across all areas of the lettings spectrum, which gave us the confidence that they would maintain the high standards of service and professionalism that our landlords and tenants have come to expect.”
This is the second acquisition for Adair Paxton’s residential lettings division in recent years after the company bought boutique estate agency firm, Hudson Moody Wass, which specialised in Leeds city centre rentals, at the end of 2019.
Dozens of new jobs to be created in Pocklington as next phase of business park goes ahead
The next phase at Broadhelm Business Park in Pocklington is due to go ahead shortly, which will see the construction of seven new high specification warehouse, trade counter and industrial units, creating dozens of new local jobs.
Broadhelm Business Park is a 22-acre development by the Broadhelm Venture, a joint venture between York-based property company, Helmsley Group and East Riding-based Broadvale Developments.
Manor Court is the latest phase of the development and will provide seven new units, which will range from approximately 3,000 sq ft up to 20,000 sq ft. Construction will commence in Spring 2022 and will complete towards the end of the year.
Phase one of Broadhelm Business Park saw the opening of the roundabout on the York to Hull Road (A1709), along with the construction of a new Shell Service Station, Starbucks and KFC drive-thru’s as well as two new trade units for operators Howdens and Home-Fit UK.
The second phase called Helmsley Court comprised eight starter units ranging from 1,000 – 1,500 sq ft and all units were sold off plan.
The units within Manor Court are all available on both a leasehold and freehold basis and are being marketed by Gent Visick (GV) and Procters.
Jonathan Atkinson, from Broadvale Developments, said: “Broadhelm Business Park has quickly established itself as one of the most sought-after mixed-use developments in a highly prominent location between York and Hull. We are now delighted to announce the next phase is due to start on this exciting development, which will attract new businesses to the area and create many more jobs.”
Paul Mack, director at GV, said: “Early indications are extremely encouraging for the next phase of Broadhelm Business Park. We have already received strong interest from several national trade counter operators, as well as local companies, so in line with the previous phase, we’re aiming to let or sell all seven units prior to their completion.”
Hull medical technology business acquires US firm
Smith+Nephew, the Hull-founded medical technology business, has acquired Engage Surgical, owner of the only cementless unicompartmental (partial) knee system commercially available in the US.
This acquisition supports Smith+Nephew’s strategy for growth by transforming its business through innovation and acquisition, while also providing differentiation for its customers.
Randy Kilburn, Executive Vice President & General Manager, Reconstruction, Robotics and Digital, said: “Smith+Nephew is now the only medical device company offering both cemented and cementless partial knee implants in the US, as well as robotics-assistance through the CORI◊ Surgical System that is well-suited for the precise alignment needed.
“Through our Sports Medicine franchise we have an established, strong position in ASCs (Ambulatory Surgery Centres) where the vast majority of partial knees in the US are performed. Our VISIONAIRE◊ business, the high performance and small footprint of CORI, plus our partial knee portfolio, is a unique compelling offering for customers.”
The acquisition will drive Smith+Nephew’s Robotics and Real Intelligence strategy. Partial knee procedures are well-matched for robotics due to the need for precise alignment.
Engage Surgical’s Partial Knee System also complements Smith+Nephew’s focus on serving the growing outpatient market, with an increasing proportion of knee procedures performed in ASCs.
Dan Justin, Chief Executive Officer, Engage Surgical, said: “The Engage Surgical Team is excited about joining Smith+Nephew to help expand the impact of the Engage Surgical Partial Knee System and integrating it with the CORI Surgical System. Smith+Nephew is well-suited and well-prepared to continue our mission of providing better outcomes for knee arthroplasty patients.”
With Engage Surgical’s Partial Knee System, Smith+Nephew expects to be able to drive market expansion in the US, and in time in other markets as regulatory approvals are secured. Engage Surgical’s Partial Knee System currently has regulatory clearance in the US where it is in limited market release.
The partial knee market is currently worth approximately $300 million in the US (SmartTRAK) and is expected to grow faster than the total knee market and by around 4% per annum through 2029 (Millennium Research Group, Inc). Smith+Nephew expects cementless partial knees will grow ahead of overall partial knees, in line with recent patterns seen in the cementless segment.
The cost of the acquisition is up to $135 million contingent on sales performance. The acquisition was financed from existing cash and debt facilities. Engage Surgical is located in Orlando, Florida.
Village is first to ‘go live’ in new phase of Superfast North Yorkshire
Residents of Picton can now access ultrafast broadband speeds thanks to a mixture of fibre and wireless connectivity as phase four of the Superfast North Yorkshire rollout begins.
Managed by NYnet, a company owned by ourselves, and run by Quickline Communications, the programme is now bringing fast, reliable speeds to some of the most rural areas of North Yorkshire.
On a recent visit, Rishi Sunak, MP for Richmond (Yorks), enabled the broadband, which will now offer speeds of up to 1Gbps.
Resident Phillip Sykes, who is also clerk of the Parish Council, is looking forward to accessing the fast and reliable network. He said: “Everyone has become more reliant on broadband, especially over the past 18 months. Our current broadband speed limits us. Recently, for example, I was on a hockey training session over Zoom. Even though I had my video off, my broadband kept crashing and buffering, which meant I struggled to get involved as I missed questions or comments.
“The lack of reliability to do such simple tasks is frustrating. I am really looking forward to being able to access the ultrafast speeds the Superfast programme and Quickline will offer us.”
Mr Sunak welcomed the next stage of the Superfast programme’s focus on rural areas.
He said: “This mix of technologies means everyone in Picton should have access to high-quality broadband regardless of where their home or business is situated. The speeds delivered by this part of North Yorkshire’s broadband roll-out will mean rural communities like Picton having a service equivalent to if not better than that found in our biggest towns and cities.”
Quickline’s hybrid approach means those who live on the outskirts of main villages will benefit. Mervyn Ashe is one such resident. He said: “Currently our broadband is slow. We will often get the circle of doom spinning on the television when I watch it, which – as a big sports fan – is frustrating. Superfast North Yorkshire and Quickline Communication’s commitment to connecting residents outside of main villages is important for my neighbours and me to complete day-to-day tasks, such as video calls for work.”
County Councillor Don Mackenzie, Executive Member of Access, said: “Access to high-quality broadband is essential for everyday life more now than ever as we recover from the impact of the Covid-19 pandemic. This programme, along with our other digital projects, supports our commitment to delivering a better-connected county, which supports all residents and businesses.”
Sean Royce, CEO of Quickline Communications, said: “Gone are the days when rural areas are left behind to cope with substandard internet services. We’ve all seen what a lifeline reliable connectivity has been for many over the last 18 months, whether working from home, for home-schooling, to stay connected to family and friends or to help reduce feelings of isolation. At Quickline, we’re working hard to ensure these previously forgotten communities like Picton have access to an ultrafast broadband network they can trust. Anything less is unacceptable in the 21st century.”
Alastair Taylor, CEO of NYnet, said: “We’re really pleased the phase four roll-out has begun following the success of the first three phases of Superfast North Yorkshire programme. This will be a gamechanger for rural businesses and residents and highlights our commitment to delivering ultrafast speeds to all of North Yorkshire.”
The town centres of Harrogate, Selby and Skipton are in line for their biggest investment in decades
The £42m package of infrastructure improvements aims to increase productivity through improved transport connectivity and promote healthy and sustainable travel. The spending should also deliver a much-needed economic boost after successive town centre lockdowns.
In a report published this week, our Executive is recommended to take the proposals forward to detailed design stage to be ready for implementation and for a final business case to be prepared for each project. The proposals include:- For Harrogate, improved railway and bus station frontages with better access for walking and cycling; improved facilities for walking and cycling in the town centre; and improvements to public spaces in the town.
- For Selby, improved station frontage and links to the town centre, Abbey and nearby bus station; improved walking and cycling links to major redevelopment sites, including a new cycle and footbridge over the River Ouse to the Olympia Park site.
- For Skipton, improved access for walking and cycling from the railway station to the bus station; improved railway station frontage and improved access to education and employment sites.
Sewell Group become Hull KR stadium partner
Hull KR have announced that Sewell Group are to become their prestigious stadium naming rights partner from 2022.
The deal will see the stadium referred to as Sewell Group Craven Park moving forwards and mark the start of an exciting new partnership cementing Sewell Group and Hull KR at the heart of the East Hull Community.
Chair of Sewell Group, Paul Sewell, is looking forward to investing back into the local community and commented:
“We see this partnership as another great way of giving back to the community which we’ve been part of since 1876. We know the fantastic work Hull KR do in the local area to support and improve the health and wellbeing of the community, through the fantastic schemes they run. We’re delighted to be able to support this, and the club, in their journey on the eve of their 140th anniversary.
“The heart of our business strategy has always been to deliver value for the communities we serve, creating opportunities for people, supporting communities, charity groups and pioneering initiatives to support people who need it. This partnership will allow us to continue to do so, alongside the many other initiatives we support across the region.”
Sewell Group is a multi-disciplined group of companies operating across the North of England, made up of Estates businesses Sewell Construction, Sewell Investments, Sewell Facilities Management, Illingworth & Gregory, Shared Agenda, Parallel and Community Ventures alongside its Retail arm, with 13 Sewell on the go convenience stores and forecourts.
Whilst 2022 will see Hull KR celebrate a 140-year anniversary, Sewell’s connection with East Hull can be traced way back to 1876, six years before the club was formed and 19 years before the club moved from West to East to play at Craven Street Stadium.
In recent years, Sewell has been involved in major developments in the east of the city including the Preston Road Community Centre, Sutton Village, Dove House Hospice, various health centres and schools, alongside its commitments to initiating projects including the Humber Business Week and Sewell Studio Skills Academy. It is one of the region’s biggest employers and was recently recognised as one of only 18 businesses across the country in the Queen’s Awards for Enterprise for Promoting Opportunity – the most prestigious accolade for UK businesses.
Hull KR Chief Executive Paul Lakin is looking forward to working with the Sewell Group as one of the club’s principal partners.
“We are delighted to welcome the Sewell Group as our stadium naming rights partner. They are one of Hull’s biggest employers with an outstanding reputation, having been named in the Sunday Times 100 Best Companies to work for in the UK. This partnership holds true to their East Hull roots whilst delivering brand exposure throughout the North of England where they have several offices, and we are very grateful to Paul and the Sewell Group Directors for their support.
“We also look forward to supporting and enhancing the work Sewell Group do in the local community, whilst providing a platform for their Sewell on the go brand within the stadium bowl to promote their 13 convenience stores across the region.”
To learn more about the Sewell Group and their 146-year history visit https://sewell-group.co.uk/about/history
Executive search firm doubles office space in Leeds
A specialist recruitment firm is doubling its office space at the iconic 34 Boar Lane in Leeds.
Charlton Morris will now occupy the whole of the building’s fourth floor, as well as the third floor, having relocated from Park Row two years ago.
The company has just agreed a deal to take 8,751 sq ft of office space on the fourth floor of the recently refurbished building on a ten-year lease at a rent of £32 per sq ft.
The move follows the expansion of Charlton Morris, with the creation of 100 new jobs over the coming years.
Owner Kinrise is behind the transformation of 34 Boar Lane, a 57,000 sq ft building with 46,000 sq ft of office space over five floors and cafes and restaurants on the ground floor. It is located immediately opposite Leeds Railway Station in the heart of the city’s professional and retail quarters.
Eamon Fox, partner and head of office agency at global property consultancy Knight Frank in Leeds, which is marketing 34 Boar Lane, said: “This significant deal is a resounding endorsement of the quality of this magnificent building, with an existing occupier doubling their space. Testimonials don’t get any better than that.
“Ever since we started marketing 34 Boar Lane, we have been choosing our occupiers very carefully. The spirit and ethos of the building is crucial. Charlton Morris is one of the fastest growing and most progressive recruitment companies in the UK and fits this aspirational culture perfectly.
“During the past two years, we have transformed this well-positioned building into an exciting workplace at the forefront of the Leeds market. Three floors have been let, leaving a total of 21,000 sq ft on the first and second floors available to lease, where we have spaces ready to occupy from 4,900 sq ft.”
Andy Shatwell, CEO of Charlton Morris, said: “When it comes to facilities and location, I honestly don’t think that there’s a better office space in Leeds than 34 Boar Lane.
“We recently announced our expansion plans for 2022 and it coincided with the opportunity to take the fourth floor in addition to our current lease on the third, so we couldn’t be happier. Having an amazing office environment is central to our vision of ‘giving our People the best possible experience’ and we’re delighted that this continues to be at 34 Boar Lane.
“It’s a beautiful building that is perfectly located with great views over the station. You get a sense of the community spirit when you walk through the doors and this is also really important to us.”
George Aberdeen, co-founder of Kinrise, said: “It is very exciting to announce this significant new office deal with Charlton Morris, especially since they have already made their home here at 34 Boar Lane. This special building has been regenerated into an inspiring collaborative environment that offers our occupiers characterful, design-led office and co-working space with top technology as well as an exciting range of independent restaurants and an events space.”
Samuel Lawson Johnston, co-founder of Kinrise, added: “Our aim at Kinrise is to turn iconic but un-loved buildings into creative work and community space. It means that the city’s heritage and soul can live on and real cultural capital remains in the centre rather than being pushed further out of the city.”
Detailed plans submitted for private hospital in historic Leeds building
Detailed plans have now been submitted to Leeds City Council to create a private hospital in one of Leeds’ most iconic buildings.
Dr Fas Arshad, facial plastic surgeon and the lead surgeon at The Hair Dr – Hair Transplant Clinic, has drawn up proposals to turn the 17th century Red Hall House estate near Roundhay Park into a private multi-disciplinary hospital.
The new £5m Red Hall Private Hospital will specialise in cosmetic and non-cosmetic surgeries. It will create 40 permanent and high-quality jobs, providing a timely boost to the area’s economy.
A Phase One planning application has just been approved by the city council, which features the full refurbishment of the listed building and the creation of three bespoke operating rooms to support the transition of Dr Arshad’s operation from their current surgical facility.
The more detailed Phase Two application, which is scheduled to be discussed by planners this spring, offers a full Day Case surgery facility, a full operating theatre with associated support spaces, four examination/consulting rooms and two additional treatment rooms.
The bulk of the new clinical space will be housed in a 6,500 sq ft annexe, allowing for the latest sustainable and medical technology to be integrated seamlessly with the listed Red Hall House.
Jonathan Erkulis, director of the Yorkshire-based E3 Architecture, is working very closely with Dr Arshad on the transformation of the Red Hall House estate. He said: “Our proposals commit to the future restoration, sustainability and longevity of this important Grade II Listed Building while creating sensitive and high-quality designed additions to create a prestigious state-of the-art medical facility.”
Dr Arshad and his wife and business partner Ms Sommiya bought Red Hall House from the Rugby Football League last year for over £1.65 million.
Dr Arshad explained: “The Hair Dr Clinic is expanding quickly and we have outgrown our current premises. The majestic Grade II Red Hall, close to the new East Leeds Orbital Route, is absolutely perfect and it is humbling to be moving into such a magnificent building with such an illustrious history.”
The building is set in over 3 acres of landscaped grounds ensuring patient welfare, comfort and discretion are at the forefront of design.
Ms Sommiya said: “The main focus of our work at Red Hall will be to offer up-to-date and state-of-the-art treatments, which include surgical and non-surgical treatment. Our approach is holistic, ensuring that everyone who comes here for surgery will also receive the very best psychological and emotional support.
“It is a common but dangerous misconception that, for example a successful hair transplant can be done in isolation with no regard for a client’s emotional wellbeing and mental health. It can’t. With this in mind, we have to identify our clients’ goals and expectations and fulfil them accordingly.”
The founders of Red Hall Private Hospital have strong links to the region having both graduated from the University of Leeds. Dr Arshad, who is a consultant head, neck and facial plastic surgeon and Ms Sommiya, who is a practice manager and audiologist with a Masters in Advanced Clinical Practice, have plans to expand the repertoire of surgeries that will be offered at Red Hall Private Hospital.
These additional services are to include other cosmetic procedures such as facial plastic surgeries as well as non-cosmetic day case surgeries such as Cataracts and Arthroscopies with the aim to ease the current huge pressure on NHS waiting lists.
Jonathan Erkulis added: “It is a pleasure working with Dr Arshad to secure the positive redevelopment of Red Hall. The project is an example of where conservation and commercial aspirations can work together through major investment.
“E3 Architecture have worked closely with Leeds City Council ensuring a unified approach to maintaining the setting and integrity of Red Hall, via careful and innovative design, preserving the landscaped grounds and approach securing the Red Hall Estates long-term preservation, enhancement and future viability.”
Jonathan Hyland, partner at global property consultancy Knight Frank in Leeds, who sold Red Hall House to Dr Arshad, said: “There was a good deal of interest in this iconic building, but we believe the eventual purchaser, Dr Arshad, is best placed to breathe fresh life into Red Hall. His plans to transform the building into a pioneering private hospital are tremendously exciting and we wish him the very best of luck.”
