Due to losses on various contracts and a gap in production scheduling due to projects being delayed, the directors of the company have filed a Notice of Intention to appoint administrators Andrew Mackenzie and Louise Longley of Begbies Traynor to protect the company whilst options are explored and a buyer sought for the business.
S.H. Structures designs, supplies, manufactures and installs complex steel structures. Last year the business manufactured and installed the 46-metre-long pedestrian bridge, weighing 86 tonnes, at Forge Island in Rotherham, linking the flagship development with the town centre.North Yorkshire steel firm files Notice of Intention to appoint administrators
S.H. Structures Limited, a multi-award winning business in the field of steel fabrication and structures, has filed a Notice of Intention to appoint administrators.
The company, which is over 30 years old, trades from Sherburn in Elmet and employs approximately 70 staff.
Streets Chartered Accountants covers Virtual Finance Offices, Working Capital Cycles, Annual Tax on Enveloped Dwellings, and more in new news roundup
Streets Chartered Accountants covers Virtual Finance Offices, Working Capital Cycles, Annual Tax on Enveloped Dwellings, and more in its latest monthly news roundup.
New Virtual Finance Office (VFO) service
We are often asked what is a Virtual Finance Office or VFO? A Virtual Finance Office replaces the more traditional in-house finance department or team, with an external third-party virtual finance team.
Outsourcing your finance function often involves the sending out of work just for processing. In contrast a Virtual Finance Office not only provides the processing of transactions and production of information, but also greater additional financial input, support and advice. Read more.
Every business has a working capital cycle. This is the time it takes for your business to turn net current assets into available cash.
The longer the working capital cycle, the more time it takes for your business to get a robust cash flow. It’s good practice for businesses to manage their cycle by looking at each step where possible. This could be by selling stock or product quicker, collecting monies owed sooner and possibly paying bills later on. Read more.
However, the charge can apply to any UK residential property wholly or partly owned by a company (including a partnership with a corporate member). Read more.
The Budget 2024 – catch up!Last week Streets hosted a post Budget webinar, providing details of the announcements along with an update on topical issues affecting business clients and private individuals for the new tax year 2024/25.
This presentation was recorded and is now available on demand for those who weren’t able to join live. Watch now.
South Yorkshire’s Supertram back under public control
Today (Fri 22 March) South Yorkshire’s Supertram is back under public control after 27 years.
South Yorkshire’s Mayor, Oliver Coppard, has hailed the historic day as ‘one small step for tram’ as new and ambitious plans have been developed to significantly improve the trams.
The Mayor plans to create a bigger and better tram network that is fully integrated with other modes of transport, and is cleaner, greener and safer, getting people to where they want to go and connecting communities.
As the South Yorkshire Mayoral Combined Authority has only just taken over the contract, customers won’t see a big change just yet, but some improvements will take effect today and in the coming days.
- A 10% discount on some tram-only fares for the first 100 days of operation has been introduced which will apply on 1, 5, 7 and 28-day adult and child tickets purchased onboard or through the new app.
- A new Supertram ticketing app has been launched through which customers can purchase tickets and store tickets on their smart phone. Later this year, a journey planning capability will be added to the app which will cover all modes of transport. The app can be downloaded from Google and Apple stores.
- A new Supertram website will have all the information customers need about tickets and their journey.
- Within the first 100 days of operation all tram shelters and stops will be deep cleaned.
- There will be a review of the tram timetable, looking at opportunities for it to change to better serve passenger demand.
Sheffield takes a new stance on outdoor advertising restrictions
Sheffield City Council is to introduce a new advertising and sponsorship policy going beyond national legislation to control the way in which a number of products are promoted – even if it means turning down income opportunities.
From April 1st its new policy will include restrictions on advertising products covering high fat, salt & sugar (HFSS) food and drinks; alcohol; gambling; vaping; and high carbon/fossil fuels.
The policy – developed over a two-year period – will be formally adopted with effect from 1 April 2024 and a two-year review period has been set to allow for assessment of developments both within Sheffield itself as well as nationally.
Many of the products and services that the Council has voluntarily restricted are often targeted at the most vulnerable groups in society, who are generally more at risk from harmful adverts. By removing harmful adverts from around the city, the Council hopes to have more space for those products and campaigns that bring benefits to both our health and the environment.
Terms have been included that will enable the Council to successfully negotiate commercial third-party agreements in relation to major events and long-term leases, and to support local businesses in promoting products and services.
This balanced approach allows a progressive attitude to improving lives while embracing opportunities for the city to attract the best and most commercially viable prospects.
Greg Fell, Director of Public Health at Sheffield City Council, said: “Health is often framed as a personal thing – if only we took more personal responsibility. But we know what’s upstream of that. We know corporations spend huge sums of money to shape how we spend our money. That matters, because that has health consequences. It sets norms.
“There’s a really high level of public support against adverts that are causing public harm, especially to our kids. That is happening in Sheffield, right now.
“It’s a really important step in the right direction that the council has taken.”
Consideration has been given to how policy restrictions will result in saying no to some income opportunities, but a supporting marketing plan will actively promote opportunities to reach acceptable businesses and support will be available to help brands create acceptable adverts under the new policy terms.
Where existing contracts are in place, adopting the policy restrictions would be encouraged but not enforced. All new contacts would be agreed under the terms of the Advertising and Sponsorship Policy.
Managing Director hire and new Leeds office for honey
Housebuilder honey has revealed the opening of a 5,000 sq ft office in Leeds this June and the immediate hire of a Managing Director to deliver its expansion plans in Yorkshire and the Midlands.
honey has recruited former Avant Homes Central Managing Director, Chris Coley, to lead two newly created operating regions, honey Yorkshire and honey Central.
The honey Yorkshire team will be based in the new Leeds office which has been taken on a seven-year lease and is located on the Thorpe Park Leeds development just off junction 46 of the M1.
Prior to joining the business, Chris worked at Avant Homes for almost 19 years where he was a colleague of honey founder and former Avant Homes Chief Executive Officer, Mark Mitchell.
Since being launched in October 2022, honey has secured 14 sites across Yorkshire and the Midlands that will deliver 1,781 homes and a combined gross development value of £530m. The average selling price of a honey home is £300,000.
The company is backed by private equity firm Alchemy Partners and its Alchemy Special Opportunities Fund IV which has £937m of fully committed capital.
Chris Coley said: “honey is a business with a clear purpose and a huge amount of ambition so it’s exciting to be able to lead the company’s expansion throughout Yorkshire and the Midlands.
“I’ve been tasked with maintaining honey’s momentum as we simultaneously build and sell our homes whilst finding and securing further residential development opportunities.”
honey currently employs 52 people across both office and site-based roles and, once the Leeds office opens, will have capacity for 84 office-based people.
Chief Executive, Mark Mitchell, said: “Chris joins us at a time when we want to accelerate our growth plans and, along with our senior management team, he has overall responsibility for their delivery.
“Now we have two operating regions, and will soon have offices in both Leeds and Sheffield, we have the platform required to deliver ongoing sustainable profitable growth.”
Mayor steps in to fund health and social care training, in stark warning to Government to fix NHS recruitment crisis
Local NHS services in West Yorkshire are benefitting from new investment to train and upskill people for jobs in the health and social care sector.
In an unprecedented move for the region, West Yorkshire Mayor Tracy Brabin is funding training for frontline NHS workers.
The £1.3 million investment will fund a variety of courses aimed at introducing people to health and social care roles, with clear pathways for progression into secure jobs in hospitals, hospices, and other healthcare settings.
This will also help upskill people already working in the healthcare sector, such as nurses who want to progress from hospitals to GP or “general practice” settings, as well as more general “advanced skills” courses, to help people secure better-paid roles in the region.
The Mayor has issued a warning to the government that this funding is a “sticking plaster over the gaping wound” of the NHS recruitment and retention crisis, and Ministers must provide sustainable funding for the NHS to train the number of frontline staff it needs to support patients.
Tracy Brabin, Mayor of West Yorkshire, said: “Our NHS is in crisis, but here in West Yorkshire, our devolved powers over skills training are allowing us to step in to support our stressed and strained frontline services.
“The Government must put forward a real plan to save our economy, rescue our public services, and fix the NHS’s recruitment and retention crisis for good.
“This means proper funding for health and social care across the country, but also a single funding settlement for our region, so that we can harness that greater flexibility to support more jobs and build a stronger, brighter West Yorkshire.”
The West Yorkshire Combined Authority predicts that over 1,000 new workers will be recruited as a result of the over £1 million investment in skills training for healthcare roles.
The funding has been allocated by regional leaders from the so-called “Gainshare” – the discretionary £38 million per year fund devolved to West Yorkshire as part of its devolution deal.
This flexible approach to funding has brought decision-making closer to where people live, with this new investment in healthcare training a direct response to local labour market data, which shows that there were more than 3,300 job postings for health and social care roles in February 2024 alone.
Data also shows that the NHS staffing crisis is felt more severely in Yorkshire and the Humber than elsewhere in the country, with 9.2% of NHS roles vacant in the year 2022-2023, compared to the average rate of 3.4% across the UK.
Cllr Cathy Scott, Leader of Kirklees Council and Chair of the West Yorkshire Combined Authority Employment and Skills Committee, said: “Everyone should have the chance to get the skills they need to succeed, no matter their background or circumstances.
“So I’m pleased we’re able to support people into good, well-paid jobs through this investment.
“And having the qualified people to take on these vitally important healthcare roles is making a difference throughout our communities, as we work to create a West Yorkshire that works for all.”
Sheffield business community urged to apply for senior public sector roles
More than 200 business professionals in Sheffield signed up for an event hosted by the Cabinet Office and Sheffield City Council to learn about applying for senior public sector roles in a bid to increase regional representation on UK public boards.
Baroness Neville-Rolfe, Minister of State at the Cabinet Office, said: “Public appointees get the chance to improve vital public services, get more involved with their communities, work with a wide range of talented people and make a difference to society. They are extremely rewarding roles and can help accelerate people’s careers.
“The skills and expertise here in Sheffield can be of huge value to the public sector, so I strongly encourage professionals in the area to consider applying for a position.”
The Government makes more than 1,000 public appointments a year across a range of sectors, with new roles going live every week, to support institutions like the NHS, the Met Office and the BBC. Current roles on offer include: Non-Executive Board Member of HM Land Registry; Independent Chief Inspector of Borders and Immigration; and Member of the Engineering Biology Steering Group.Businesses warned to check regularly to keep premises free from Legionella
Businesses are being warned about the need of regular Legionella testing in order to maintain a healthy workplace to avoid employees becoming one of up to 6,000 people who suffer from the disease every year, and which can kill about 10% of its victims.
Legionella is the waterborne bacteria leading to Legionnaires’ disease, a form of pneumonia. While the disease can affect people of all ages, Legionnaires’ is especially fatal to people who are elderly, ill or have a compromised immune system.
The bacteria can be found within water tanks, plumbing systems, cooling towers and air conditioning units, and thrives in temperatures between 20-45°C or stagnant water systems.
Karl Bantleman of Legionella Risk Assessment experts Direct365 said:“The severity of Legionnaires’ Disease cannot be stressed enough. While the disease is less common than others in the UK, the significant impact it can have on the health of individuals cannot be missed.
“Routine assessment for Legionella is therefore not just a statutory obligation, but an ethical necessity for all businesses. A comprehensive risk assessment aids in identifying conditions that facilitate Legionella bacteria growth and mitigating them immediately. This therefore ensures the safety of a company’s most valuable assets – its employees.
“Investing in regular comprehensive assessments is a fundamental step towards preserving staff well-being, mitigating risk, demonstrating corporate responsibility, and effectively safeguarding your business against potentially devastating legal and reputational ramifications.”
People catch Legionnaires’ Disease at work by inhaling the bacteria in droplets of water in the air. It should be noted however that the disease is not contagious and cannot spread directly from person to person. However, while people with weakened immune systems are at more risk, anyone can catch the disease.
Testing for Legionella in a business involves several steps which will need to be carried out by a professional service due to the complexity of the process and regulations involved. Testing involves:
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Risk Assessment: The first step is to carry out a Legionella risk assessment. This involves looking at areas where there’s a risk of Legionella bacteria proliferating, such as hot and cold water systems, air conditioning systems, and cooling towers.
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Sampling: Once potential risk areas have been identified, water samples are taken. It’s usually suggested to take samples early in the morning when usage is low and Legionella bacteria are likely to be present at higher levels.
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Testing: The samples are then sent to a laboratory where they’re tested using techniques like culture analysis and PCR (polymerase chain reaction) which is a DNA method that detects both live and dead Legionella bacteria, usually giving results within hours.
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Reporting: A report will be compiled outlining the testing details, results, and a tailored action plan for your business to ensure that your business is compliant to the L8 Approved Code of Practice.
Council explores possibility of creating high-end hotel in Scarborough
North Yorkshire Council are exploring the potential of creating a four star hotel on the site of the former indoor swimming pool at Ryndle Crescent in Scarborough’s North Bay.
The council is looking to engage with the hospitality market to understand the best way to bring forward this proposal, which it expects will involve a partnership between the Council and a developer and potentially a hotel operator.
The Council says the need for more high-quality accommodation within Scarborough is supported by the Visitor Economy Strategy 2021-2035 which identified it as essential for the town to provide an even greater range of good value and high-quality accommodation in order to attract more staying visitors, extend the tourism season and continue recovery and growth of the tourism economy.
Importantly hotel development on this site will act to support those developments proposed within the wider North Bay area including the Open Air Theatre.
Deputy leader Cllr Gareth Dadd, said: “The provision of a high-quality hotel is intrinsic to realising the overall objectives to develop the North Bay and remains a key strategic focus for the future growth and prosperity of the town. It would bring in jobs, increased overnight stays and therefore increased spend in the town contributing to the wider economy, community, and social benefit of the county.”
125-year lease signed for Doncaster Airport
A 125-year lease to take over the former Doncaster Sheffield Airport has been signed, Doncaster Mayor Ros Jones has announced.
She said the lease agreement is the first stage in the process to reopen the airport, and the next stage would be the appointment of an airport operator to manage the operational airport.
“This is a significant day in our ambition to reopen the airport as the lease has been signed. I was determined to find a way to secure the future of aviation in Doncaster and this agreement helps us along the way to reopening our airport and seeing planes taking off once again.
“I am optimistic that I can announce a partnership later in the spring. I would like to personally thank Doncaster Council officers who have worked tirelessly with great dedication, insight, determination and skill to get us to where we are today. This has been no mean feat. Let’s look forward to the future with an airport that will help boost the economic and growth fortunes of our city, South Yorkshire and the north.
“I would also like to thank my fellow South Yorkshire Leaders for backing the efforts of me and this council to save and reopen our airport. This airport is for the whole of South Yorkshire.”
The lease signing forms part of the South Yorkshire Airport City programme which City of Doncaster Council put in place dedicated to working towards reopening the airport. The programme covers all the technical, legal, procurement and financial work necessary to progress securing the site and preparing essential requirements ahead of a partnership with an operator.
The programme is not the name of the airport which is yet to be determined.
