Yorkshire family business HSL joins The Furniture Makers’ Company
£150m JV formed to deliver major build-to-rent development in Leeds
Leeds intellectual property firm secures private equity investment
Founded almost 30 years ago and headquartered in Leeds, HGF has demonstrated consistent growth year-on-year. The firm has expanded significantly, becoming the second-largest provider of IP services in the UK, with a growing presence across Europe, including the Netherlands, Germany, France, Switzerland and Ireland.
Today, HGF supports over 3,000 highly innovative organisations worldwide with their patent, trademark, and IP strategy needs.
The partnership with CBPE will allow HGF to accelerate its investment in people, technology and enhanced services. This collaboration will also facilitate a broader equity participation across the firm, reflecting HGF’s commitment to a culture of innovation and employee engagement.
Martyn Fish, Partner, CEO, HGF, said: “This investment marks a significant opportunity for HGF and everyone in the team. I am thrilled with our decision to partner with CBPE to take the next step in our journey. Their culture and values are closely aligned with ours, and we share a common vision for the future of HGF.”
CBPE’s investment in HGF was led by Harry Hewlett and Ian Moore, with support from Jolyon Latimer, Rachel Milton and Namrata Pai.
CBPE was advised by Addleshaw Goddard (Legal), PwC (Financial, Tax), JEGI Clarity (Debt Advisory), Roland Berger (Commercial), AJ Gallagher (Insurance), Crosslake (IT) and Anthesis (ESG). HGF were advised by Investec (Corporate), CMS (Legal) and Grant Thornton (Financial, Tax, Commercial). Senior debt was provided by HSBC, who were advised by Pinsent Masons (Legal).
Half of South Yorkshire businesses faced disruption over finance, says survey
Roughly half of South Yorkshire businesses have experienced some form of disruption over the last five years as a result of not being able to access the financial support they need, according to the findings of a poll on the subject by the regions three regional chambers of commerce.
The Access to Finance Survey was open from mid-August to mid-September and canvassed the views of organisations from across Doncaster, Sheffield, and also Barnsley & Rotherham. Among other things, respondents were asked if they feel confident that they know where they can turn to for business finance, which forms of relevant support are on their radar, and what their top considerations would be when it comes to making a decision here.
One headline finding is that, while four in ten South Yorkshire firms have in fact sought business finance in the past five years, only around half are actually confident that they would know where to turn in this situation.
As the questionnaire results then go on to explain, the vast majority of firms in our region are unaware of the full suite of options available to them here. Indeed, although banks might be recognised as an obvious route to take (as identified by 83% of respondents), awareness of all other forms of support and lenders was well below 50%, and some beneath 10%.
The Chief Execs of all three South Yorkshire Chambers issued the following joint statement “These findings are eye-opening and worth paying attention to, especially once we take into account the very tangible impact that it can have for a business when they cannot find the financial support they need. Concerningly, 44% of our respondents told us that a lack of said access has indeed caused disruption for them, or otherwise forced them to scale back their ambitions, in the last half-decade alone.
“It is therefore important that we, as a region, heed what the private sector is telling us and respond to these challenges. While we certainly have a good number of high-quality, trustworthy lenders & financial organisations on our doorstep in South Yorkshire, there is clearly a visibility issue; with so few firms being cognisant of all their options.
“In terms of what businesses are looking for, a convenient application process and the ability to talk to somebody were regularly cited as top considerations. In fact, both of these ranked above the competitiveness of the offer in question, or even the reputability of the brand they were speaking to.
“Elsewhere, almost half of respondents indicated that they would be interested in accessing a programme designed to connect them up with new investment opportunities, while there was also a similar appetite for a low percent government loan targeted at supporting investment in decarbonisation.
“With the business community having articulated its needs, it is now incumbent upon the region to ensure that they are being met; the Chambers can provide a conduit to local businesses but it is incumbent on the providers of alternative finance to work with us and to extend their marketing and business engagement efforts to ensure that finance is getting to the parts of the economy that need it.”
£6.9m mill transformation project completes at Bradford College
A multimillion-pound renovation project on Bradford College’s main campus has transformed a derelict mill into a flexible digital, science, and allied health training facility for higher-level students.
Garden Mills, on Thornton Road, opened its doors to staff and students recently after months of construction work on the 1900s five-storey building. The development results from £5.8 million in funding from The Office for Students (OfS) Higher Education Capital Fund and a £1.1 million College contribution.
The site is now the College’s dedicated building for HNC, HND, and degree programmes in STEM (science, technology, engineering, and mathematics), including digital and ophthalmic courses. The site supplements the extensive STEM facilities established across other Bradford College campuses.
Contractors Tilbury Douglas led the Garden Mills project and installation of industry-standard equipment, including six digital IT labs, an ophthalmic dispensing suite, a prep room, a clinical suite, a real-life work environment with consulting and testing booths, a collaboration area, and academic teaching spaces.
Christopher Malish, Vice Principal Finance & Corporate Services, said: “Seeing Garden Mills return to life has been extremely rewarding. This new facility will enhance the student experience, create more graduate opportunities, and counter regional skills shortages in STEM-related sectors. These aspirations align with our vision of creating ‘a better future for all through education and training’.“Our strategic objectives include delivering curricula that meet the needs of students, employers, and our community. We’re delighted that Garden Mills will help to upskill local people in specialisms that are in demand, while supporting vital regional economic growth.”
Garden Mills is the first of several ongoing Bradford College capital developments to be completed. Over the last two years, nearly £32 million in funding has been secured, which is being used to enhance, refurbish, and build aspirational new facilities in the heart of Bradford.
Other projects include new vocational T Level facilities in David Hockney Building, overseen by Sewell Construction and funded by £3.5 million from the Department for Education (T Level Capital Fund – Wave 5). Set to complete in Autumn, the project will create a commercial barbering salon, nail bar, collaborative lecture spaces, TV studio, media editing and recording studios, and a remodel of The Grove training restaurant.
Work on the College’s purpose-built Future Technologies Centre is also underway with Phase 1 of the scheme, led by contractor Morgan Sindall. This new site will support the growth of technology and low-carbon skills capability within West Yorkshire and be the home of modern automotive and digital engineering curricula, such as electric/hybrid vehicles and advanced manufacturing.
The College’s Automotive, Digital and Engineering Department will relocate to the new premises, once completed in 2025/2026. Students will use industry-relevant facilities to gain skills in new technologies for careers in a fast-moving sector. The project was made possible by a £15 million investment from the Department for Education’s Further Education Capital Transformation Fund (FECTF), boosted by a £2m College contribution.
The Future Technologies Centre, Garden Mills, and T Level facilities all form part of an ambitious Bradford College estates strategy. The capital masterplan centres around building facilities that open up pioneering student careers and support regional economic growth.
Work completes on West Yorkshire heritage railway’s new visitor attraction
Boost for health technology sector as West Yorkshire signs historic trade and investment pact with Nashville
AES Engineering acquires controlling stake in US firm
AES Engineering Ltd has further increased its reliability services and product offering in North America by acquiring a controlling stake in the global marine propulsion shaft sealing company PSS Seal LLC, for an undisclosed sum.
The group also owns AESSEAL, in Rotherham, the world’s largest homogeneous designer and manufacturer of mechanical seals. This latest expansion in the global market follows acquisitions in the Netherlands, Canada, Australia and USA. PSS Seal LLC (PSS), headquartered in Seattle, Washington is a recognised global leader in the reliability and sealing technology sector for marine vessel propulsion systems. The company has over four decades of engineering and manufacturing expertise with an extensive direct and indirect marine channel to market. The acquisition will allow the existing customers of PSS to benefit from a wider product and service offering from AESSEAL, and the products and services of all other companies owned by AES Engineering Ltd. Chris Rea, Group Managing Director of AES Engineering Ltd, said: “The acquisition of PSS supports our strategic decision to globalise our sealing technology marine business and further strengthens our customer reliability offering for this important market. “Shaft sealing technology is the critical application in this sector and our business can now provide a one stop shop for sealing and reliability products and services.” PSS founder and CEO Frederic Laffitte said: “The culture, and global reach of AES Engineering Ltd, together with the extensive product range of AESSEAL makes this a complimentary match for the PSS marine shaft seal product range. “Many of our customers have been calling for an increased product offering for the marine sector balance of plant, and we can now deliver on this request.” PSS President Kevin Woody said: “The selection of AES Engineering Ltd as our partner was an easy decision due to their product technology, similar dedication to customer service and reliability focus. “This partnership allows us to immediately meet the demand from customers for an expanded product range as well as opening new opportunities in other markets.”