Change at the top for East Yorkshire commercial developer the Horncastle Group PLC
Commercial developer the Horncastle Group PLC has appointed a new Managing Director with ambitious plans to grow the business beyond its East Yorkshire heartland.
Tom Horncastle joins the business after a highly successful career in London’s investment and property sector, culminating in a six-year stint as an investment manager at Oxenwood Real Estate LLP.
Here, he established the UK and European acquisition platform of the firm, partnering with insurance, private equity and sovereign partners, to deploy nearly £1bn capital, across 50 deals, into the logistics sector.
Tom said: “Industrial and logistics will remain a key focus of the business. The short-term shortage of warehouse space in major cities, accelerated by the pandemic, continues to grow.
“In the longer term, structural changes in urbanization and increasing e-commerce demand will only make this shortage more acute.”
Tom added the Horncastle Group currently has a portfolio of employment land capable of delivering around 1.8m sqft of manufacturing and warehousing space in Yorkshire.
However, he said the business has plans to branch out into the wider UK, with a further off-market pipeline of 150 acres capable of delivering 2.30m sq ft across sites in the Midlands, London and the South East.
“As the business has grown, naturally, our pipeline and scale of projects, has grown too,” he said.
“As such, working with like-minded institutional capital will be essential to accelerate the delivery of these short and medium-term opportunities.
“It’s an exciting time – the company is fully integrated with a combined track record of delivering projects all the way from Strategic Land to best-in-class ESG rated development, and everything in between; and we can deliver this with the pace and nimbleness of a private property company but now with the governance and risk management expertise expected by third party, institutional capital. It’s a unique offering and something we’re very excited about.”
Group Chair Andrew Horncastle MBE said it was a proud moment to see Tom take over the reins of the company.
He said: “With his experiences of working across UK and Europe, often in joint venture, Tom will bring a network of contacts and expertise to the business.
“This will allow us to spread our wings. I’m very excited to see where he will take the Horncastle Group in the future.”
Outgoing Managing Director Ian Hodges will remain with the business and work on existing projects including Brough South.
He said “It is the right time for Tom to join the business. I am delighted and looking forward to working with him.
“The demand for manufacturing and logistics is the strongest it has ever been and there is investment appetite to buy into the sector.
“It is an exciting market and with a pipeline of land, the business is well placed to deliver new development for our tenant customers.”
As well as appointing Tom as Managing Director, Simon Lunt, former Managing Partner and Head of Corporate at Hull-based Solicitors Gosschalks joins the Horncastle Group’s board as a Non-Executive Director.
Simon will bring his broad corporate and commercial experience to the company. He said “I am delighted to be joining the Horncastle team at this exciting time. I will be focused on assisting the team with the strategic development of the business.”
Transport app to be developed after award scheme shortlisting
A transport app allowing users in East Lindsey to pre-order and access transport has been shortlisted in a competition, and will now be developed by DB Engineering & Consulting in partnership with East Lindsey District Council and the Greater Lincolnshire Local Enterprise Partnership.
The service would increase the take-up of sustainable transport and reduce isolation by providing shared minibus and car trips where there is no public transport alternative.
The app could be used to access healthcare services, amenities or tourism destinations.
Midlands Connect launched its rural mobility competition in February, inviting businesses to put forward ideas that could help solve the social, environmental and economic issues caused by poor connectivity in rural areas.
The three chosen projects will now share £40,000 to develop their ideas further. The other two shortlisted projects are a proposal for EV car and charging point sharing in Derbyshire and an integrated journeys app to be developed in partnership with Malvern District Council.
Once the three schemes have been further developed, the updated plans will be presented to Midlands Connect in June. The best entry will be announced at the Midlands Connect Rural Mobility conference on 20th June 2022 and the winner will receive up to £100,000 to develop the project to a point where it is ready to seek investment funding.
Simon Statham, Chief Technology Officer at Midlands Connect, said: “We know communities in rural areas can feel cut off and isolated because of patchy public transport, and this can impact their ability to access the services and amenities they need to succeed.
“This competition aims to remove some of these barriers, using technology and innovation to find new solutions to improve mobility in rural areas across our region.
“We received three really promising ideas and have now awarded funding to these successful organisations to develop their plans in with a local authority partner. We look forward to seeing these plans take shape.”
Belvoir records 25 years of unbroken profit growth
Belvoir, the property franchise and financial services group, has recorded 25 years of unbroken profit growth in its audited final results for the year ended 31 December 2021.
Hailing “another year of strong growth,” the business, which has its central office in Grantham, posted a record level of group revenue at £29.6m, increasing by 37% in comparison to 2020 (£21.7m), with 12% attributable to acquired businesses and 25% to like-for-like growth.
Meanwhile the firm saw a 39% increase in profit before tax to £9.3m, up from £6.7m in 2020, marking 25 years of consecutive profit growth.
The results follow the acquisitions of Nicholas Humphreys in March 2021 and the mortgage advisory arm of The Nottingham Building Society (NBS) in July 2021.
Dorian Gonsalves, Chief Executive Officer, said: “2021 was the busiest year for our sector in recent times with residential property sales transactions at their highest level since 2007, which boosted both our growing estate agency and financial services businesses.
“We worked closely with our property franchisees and financial services advisers to ensure that they were best placed to respond to the strong market conditions, which drove significant organic growth of 25%.
“In addition to benefitting from the strong market conditions, we took the opportunity to make two strategic acquisitions. Adding the national Nicholas Humphreys franchise network to the Group has enabled us to extend our professional lettings service to encompass the specialist student lettings market.
“We also further strengthened our strategic alliance with the Nottingham Building Society, through the acquisition of its mortgage advisory arm, giving us access to its online savers who we hope will be our future mortgage clients.
“Since the year end, the Group has added a home-based agency network to its stable of property franchise brands, demonstrating the Board’s ongoing commitment to identifying suitable acquisition targets to support Belvoir’s continued growth.
“Given our significant recurring and reliable lettings revenue stream and our substantial financial services client base to draw upon during what is currently a strong market for remortgages, we remain confident that we will continue to perform well relative to the market as a whole, and that our business model and growth strategy will continue to deliver enhanced value for all our stakeholders.”
Gender inequality persists, according to new report
One in three female entrepreneurs have experienced sexism as a business owner, while one in five have also experienced gender inequality and unequal access to opportunities, according to a new study by Simply Business, one of the UK’s largest providers of small business insurance.
Overall, more than 90% of female entrepreneurs say gender bias and inequality is prevalent in business, with a third describing it as ‘widespread’ or ‘severe’.
To better support female business owners, over a third have called for more one-to-one mentorship from a business expert, alongside support and advice with funding (37%). A further third (33%) called for more tips and advice from female leaders in their industry and two in five (41%) female business owners called for the opportunity to network with other women business owners.
As a deep dive into experiences of sexism and gender bias in business, the study by Simply Business involved 800 women in business, and revealed over a fifth of female entrepreneurs have faced investors, colleagues, or customers making quick assumptions about them, or underestimating them when compared to their male counterparts.
One in five don’t feel they’re taken seriously compared to men in their industry, and nearly a fifth of female entrepreneurs don’t feel they have a loud enough voice, or aren’t heard enough compared to men.
Furthermore, a fifth say they’re not taken as seriously when pitching their product or business, and one in 10 (8%) don’t have access to the same networks or mentors as men.
Baroness Karren Brady, ambassador for Simply Business, said: “The level of gender bias and inequality within business, particularly within the small business landscape, is astounding. Sexism and bias, whether conscious or unconscious, will erode confidence over time and lead to unequal opportunities. It’s vital we challenge sexism and bias, and equip female entrepreneurs with the tools, access and confidence to overcome these obstacles. We need to inspire women into business, not bring them down.”
Female entrepreneurs and business owners have experienced gender bias and sexism across all industries and regions of the UK.
Samantha Small, owner of Mother Shipton Inn pub and restaurant in Knaresboroughadded: “As a woman who both heads a busy kitchen and runs the business as a whole, it still astounds me how many people will direct comments or business advice to my male partner. Everything from oven repairs to new suppliers. It’s a bug bear, but unfortunately, something that I’ve had to learn to deal with.”
Lincs director guilty of exposing public to asbestos gets prison term
A Grantham man has received a suspended prison sentence for deceiving the public about his ability to handle asbestos safely.
A court heard that between 2017 and 2019, Lee Charles of Caldicot Gardens acted as a de facto director of Lincs Demolition Ltd in securing lucrative jobs. He was able to do so by marketing himself as a registered asbestos-removal specialist.
Charles operated his deception in 43 towns and cities across England.
When disturbed, asbestos is a hazardous substance and carcinogenic, something Charles knew, but he also claimed to be registered with the Environment Agency. He was neither a specialist or registered.
The use of asbestos in the UK was subject to an outright ban in 1999, after certain types became outlawed in the 1980s.
Lincoln crown court was told Charles pleaded guilty to lying to customers and giving false paperwork to disguise his deception.
Having duped his customers, waste asbestos was stashed in hired storage containers in Welbourn, Lincolnshire, just 200 metres from a school and close to a Girl Guide centre.
Charles told the owners of the storage space that he wanted to keep tools there. When he failed to pay the rent on the containers, the owners forced the locks and were confronted with the dangerous contents.
Once exposed, Charles, 40, abandoned the storage containers at Welbourn, moving his activities to an unpermitted waste site in Little Hale, near Sleaford. He continued to store asbestos unsafely, posing a risk to public health.
Imposing a 12-month prison sentence, recorder Paul Mann told Charles, who has a string of previous convictions that he “knew the regulatory regime well enough to know what he was doing was seriously wrong.”
However, he said that he was “just” able to suspend the sentence for a period of 2 years so that Charles could pay the Environment Agency’s costs. Charles will also be required to pay compensation to the owners of the Welbourn containers for the not insignificant costs they had incurred in cleaning up the site.
Charles was told that he must return to Lincoln crown court in June for consideration of financial orders, including the potential confiscation of his proceeds of crime.
Paul Salter, waste crime officer for the Environment Agency in Lincolnshire, said: “Lee Charles’ crimes were not just illegal, but dangerous.
“In spite of repeated warnings and advice from the Environment Agency, Lincs Demolition, under Charles’ direction, put both the environment and public health at risk.
“Asbestos when inhaled causes serious health problems, the careless storage of which presents a significant hazard, with a risk to the life.
“Taking Charles’ avoidance of costs into consideration, from appropriate staff training to safe storage, Lincs Demolition avoided business costs of at least £50,000.
“It is imperative that all waste businesses have the correct permits in place to protect themselves, the environment and the public. We support businesses trying to do the right thing, only issuing enforcement notices, and penalising businesses as a last resort.”
In 2015, illegal waste activity was estimated to cost over £600 million in England alone, with the figure for the UK likely to be much higher. Charles pleaded guilty to 2 counts of operating a waste operation without a permit, contrary to Regulations 12, 38(1)(a) and 41(1)(a) of the Environmental Permitting (England and Wales) Regulations 2016. He also pleaded guilty to 2 counts of keeping or disposing of controlled waste in a manner likely to cause pollution or harm, contrary to Sections 33(1)(c), 33(6) and 157(1) of the Environmental Protection Act 1990. On 13 June the court will decide costs against Charles in favour of the Environment Agency and the proceeds of crime order.Manufacturing output and new order growth slow in March as business optimism dips to 14-month low
The end of the opening quarter saw a marked growth slowdown in the UK manufacturing sector. Output and new orders both expanded at reduced rates in March, while new export business contracted for the second successive month. Manufacturers indicated that ongoing
supply shortages, greater caution among clients, escalating inflationary pressures and geopolitical tensions had all hampered the upturn.
The seasonally adjusted S&P Global / CIPS UK Manufacturing Purchasing Managers’ Index® (PMI®) slipped to a 13-month low of 55.2 in March, down from a three-month high of 58.0
in February. The flash estimate was 55.5.
All five of the PMI sub-components had a negative influence on its level in March. Along with weaker growth of output and new orders, there were slower upturns in both stocks of
purchases and employment and a lessening in the extent to which average supplier lead times were lengthening.
Manufacturing production expanded for the twenty-second month in a row. However, the rate of increase eased to a five-month low, as growth decelerated across the consumer,
intermediate and investment goods industries. The extent of the slowdown was especially marked at consumer goods producers.
New orders rose at the slowest pace during the current 14-month sequence of increase in March. There were reports that growth of domestic demand was less robust, while new
export orders contracted for the sixth time in the past seven months. Lower intakes of work from overseas were linked to rising geopolitical tensions, ongoing difficulties following Brexit and sales lost due to distribution delays.
Manufacturers also faced escalating cost inflationary pressures in March. Input prices rose for the twenty-eighth consecutive month, with the rate of increase hitting a three-month high. Rates of increase accelerated across the consumer, intermediate and investment goods industries, and remained well above long-run averages.
Companies reported a wide-range of goods as up in price, as rising demand for inputs met supply chain constraints, material shortages, higher energy costs and rising geopolitical
tensions. There was also mention of transportation issues, surcharges and exchange rates contributing to higher costs.
Shortages and rising prices at suppliers also contributed to increased costs. Vendor lead times lengthened for the thirty third consecutive month and again to one of the greatest
extents in the survey history. That said, there were further signs that supply bottlenecks had passed their peak, as delivery delays were at their lowest for almost one and a half years (October 2020).
Manufacturers passed part of the increase in costs on to clients in the form of higher charges. Average selling prices rose at the quickest pace in three months, with steeper increases registered at consumer, intermediate and investment goods producers.
March saw employment expand for the fifteenth consecutive month. Increased hirings were seen across the consumer, intermediate and investment goods industries and at small,
medium and large-sized companies. Higher staffing reflected increased output, improved demand and efforts to address labour shortages. Purchasing activity and stocks of inputs
also rose, in some cases due to risk mitigation strategies.
Finally, manufacturers maintained a positive outlook in March, with over 55% forecasting that output would rise over the coming 12 months. However, positive sentiment fell sharply to a 14-month low. Companies voiced concerns about rising geopolitical tensions, inflationary pressures and labour shortages.
Commenting on the latest survey results, Rob Dobson, director at S&P Global, said: “March saw a marked growth slowdown in the UK manufacturing sector, with rates of expansion for
production and new orders both easing and new export business suffering back-to-back declines. The slowdown in consumer goods output was especially marked.
“Manufacturers are being hit by several headwinds simultaneously, as supply shortages, greater caution among clients, escalating inflationary pressures, ongoing Brexit factors and rising geopolitical tensions all hamper the upturn. It is therefore little surprise that business optimism has slumped to a 14-month low.
“The inflationary picture also provides no signs of inflation pressures abating, with the already elevated rates of increase in input costs and selling prices both re-accelerating. Job creation is holding up better though, with a further solid increase seen in March, as companies continue to respond to continued growth and address ongoing labour shortages. However, such strong hiring looks unsustainable in the face of the mounting headwinds.”
Duncan Brock, group director at the Chartered Institute of Procurement & Supply, said: “A muted end to the first quarter of 2022, with flatter levels of production and the softest growth in manufacturing for over a year.
“While new order expansion continued in March largely driven by the domestic market, clients hesitated to commit due to strong rises in prices and potentially further disruption to supplies. Pipelines of work from overseas also took a hit and fell for the sixth time in just over half a year as Brexit customs added to the impacts on UK supply chains.
“This triple whammy particularly impacted the consumer goods sector as reluctant shoppers worried about energy costs, national insurance rises and the elevated cost of
food, ruled out shopping for household appliances, clothing and vehicles.
“The sudden weakness creeping into the sector, meant downcast manufacturers showed the lowest optimism for the strength of the marketplace since January 2021. After
building up stocks and staff capacity in readiness for a stronger recovery, the war in Ukraine and subsequent shortages threatens to undo the good work achieved so far.”
ABP continues support for Hull and East Yorkshire Children’s University
Associated British Ports is to continue as a Platinum Partner of Hull and East Yorkshire Children’s University. ABP is supporting the charity as it works to ensure children attending school in some of the UK’s most deprived areas, have access to amazing opportunities to help them discover new interests and talents, whilst building self-esteem and confidence.
Across the pandemic the charity had to pause its usual programme of engaging activities and events, to ensure children from disadvantaged backgrounds had support in other ways. During 2020 and 2021 the charity delivered more than 8,750 wellbeing packs and education packs, along with 817 laptops and tablets to local families, ensuring children could access their school’s remote learning programme during periods of lockdown.
Simon Bird, Director at ABP Humber, said: “ABP and HEY Children’s University have been partners for many years. I really commend the team and their volunteers for the incredible support they gave to families across the pandemic. There is no doubt that the Hull and East Yorkshire Children’s University team have made a huge impact on the lives of many disadvantaged children. ABP is delighted that we are able to continue to support the charity with their vital work, both in Hull and the East Riding.”
Hull and East Yorkshire Children’s University Partnership Manager, Rose James said: “ABP has been one of HEY Children’s University’s Platinum Partners for several years. The past couple years have been tough and thanks to partners like ABP, we are still able to work with the same number of children that we were working with prior to the pandemic, totalling nearly 8,000. Without their continued support, working with that many children would have been out of our reach.
As part of their sponsorship, ABP will be sending 30 children on an experience of a lifetime to Edinburgh, where they will stay the night. They will also be welcoming the children back to the Port of Hull, where they will learn all about ABP’s Humber Ports, and how important the Humber Estuary is. We also hope to start up our annual Humber Cruises again next year.”
Rate relief deadline extended to give Bradford businesses last chance to apply
Bradford Council is urging local companies to take advantage of a business rate relief scheme aimed at helping them after the impact of COVID-19 last year.
The new closing date will be midnight of Easter Monday, 18 April 2022.
The £10.4m COVID-19 Additional Relief Fund (CARF) is a local scheme to help small businesses who did not get any other business support during Covid and there are still many qualifying businesses who are still to apply.
Even if you have already paid your 2021/22 business rates, you could be in line for credit against future business rate payments from this Government backed fund.
To find out if your business is eligible, visit this webpage and complete a quick and simple application form.
Martin Stubbs, Bradford Council’s Revenues and Benefits Assistant Director, said: “We know that every penny is important to local businesses and being able to secure business rate relief might make a real difference to their income over the last difficult year.
“I’d urge businesses who have not already come forward to apply as we want to make sure our local businesses have every opportunity to recover and grow now that COVID-19 restrictions have been eased.
“If you are a small manufacturer, run a workshop or have an office based business like an accountant or a solicitor, you could be entitled for this support.”
FMG’s experience in roadside repair and recovery services to be complemented by new acquisition
FMG, the incident management and roadside services specialist, and a wholly owned subsidiary of Redde Northgate plc, has acquired GRG Public Resources Limited, a specialist in the provision of 24 hour, year round call handling for vehicle removal and emergency boarding of premises for the blue-light industry.
The acquisition provides a platform for FMG to expand and evolve existing services into the blue-light arena, with GRG being synonymous with the effective and efficient handling of police and fire services contracts. GRG will enhance the breadth and customer proposition of the Huddersfield-based business, operating in complementary market conditions and bringing a further depth of knowledge and expertise through the addition of GRG operatives and skilled personnel.
Commenting on the acquisition, Claire Owens, FMG Managing Director, said: “We continue to work hard to position FMG at the forefront of the industries in which we operate; providing first-class sustainable solutions for our clients and customers. We are delighted to complete the acquisition of GRG, placing us as a real front-runner in this market as our customers’ needs evolve.
“The acquisition ensures we remain robust for the long-term, with the addition of VRO’s, the continued ability for fast and complete geographic coverage, the harnessing of first-class proprietary systems and importantly, the investment in skilled and experienced personnel to ensure our customers remain delighted with efficiency and knowledge-led solutions. I’d like to welcome the GRG team to FMG and the wider Redde Northgate family, and look forward to enhancing this important area of the business.”
Grant funding helps manufacturer tune in to new phase of growth
A family-run manufacturing company, which has served Sheffield for over 50 years, is hoping to tune in to a new phase of growth after securing grant funding from the South Yorkshire Business Productivity Programme.
Blake UK designs, supplies and manufactures a wide range of aerials, CCTV systems, Wi-Fi signal boosting equipment and networking products for domestic and commercial use. Many of Blake’s products are manufactured at the company’s Rutland Road headquarters, but faced with increasing competition, notably from overseas manufacturers, the senior management team realised that, to achieve its ambitious growth objectives, a strategic review of its operations was required.
Following a presentation at a business seminar, Managing Director Paul Blake decided to approach Business Sheffield for support. Working together with a business adviser made the process of scrutinising the way in which the business operated much easier. Their work revealed that, as Paul had suspected, many of the systems and processes used within the business needed radical improvement.
With the aim of making the entire company paperless, Paul applied to the Business Productivity Grant Programme for help. Working with key account manager Andrew Sorsby, he secured a match funded grant, which has been used to purchase new equipment to improve the company’s manufacturing process. At the same time the company’s computer systems were upgraded, vastly improving the company’s manufacturing process and stock level monitoring.
Since implementing these changes, the company has experienced a measurable increase in productivity. One of the key benefits is that it allowed Blake to cost-effectively diversify its product range and capitalise on new opportunities. To meet this rise in demand, the company has also recruited two new apprentices to help retain the vital skills needed within the business.
As a direct result of the support received from the Business Productivity Grant, Blake UK has been able to successfully eliminate substantial amounts of waste – and costs. The introduction of a paperless order processing system, as well as consolidating and streamlining processes elsewhere within the company’s manufacturing, warehousing and sales operations has helped Blake UK to save the business approximately 16 hours per month, as well as a further 24 hours per month as a result of the improved management processes.
Paul Blake, Managing Director, Blake UK, said: “Many businesses in our market rely upon products manufactured overseas; however, we’re proud of our long association with Sheffield and the fact that a big proportion of our ranges continues to be made in the city. We had come to the conclusion that some of the systems we used to manage the business were no longer fit for purpose. Inevitably, the more you delve into these issues, the more you realise the impact they are having on productivity.
“When I approached Business Sheffield to discuss the challenges we were facing, our key account manager suggested that our business may be eligible for help under the Business Productivity Programme. I was delighted to find out that our application had been accepted, and since securing the grant, we’ve also been able to implement software that allows all aspects of the business to be viewed holistically.
“Moving to paperless systems has helped us to reduce the amount of waste we generate, and as a direct result of the improved processes we’ve implemented we’ve seen demand for our products rise. We also expanded our workforce as a result, creating two new apprenticeships within the business.
“The impact of this project has exceeded all of our expectations. The new software means we can manage the team much more effectively, and diversify the product range, which has resulted in a significant increase in new orders.”
Andrew Sorsby, key account manager, Business Sheffield, said: “The Business Productivity Programme was developed to help businesses across South Yorkshire overcome barriers to growth. For Blake UK, this meant upgrading some equipment the company needed to improve its manufacturing processes, as well as replacing manual systems with digital ones, not only helping to reduce waste in the business, but also helping the company to identify and overcome the challenges it faced within its supply chains.
“The net result has been an increase in orders secured, and new jobs have been created, but perhaps most importantly of all, the technology embraced by the company has helped it to successfully prepare for future growth and cement its position as one of the UK’s leading operators within a highly competitive marketplace.”
Blake UK was founded by Paul’s father Ron in 1971 as Blake Aerials. The company changed its name in 2002 to reflect the increasingly diverse range of products it manufactures and sources. Today, the company employs 24 people in its Sheffield headquarters and supplies its products throughout the UK.
