Yorkshire based Spencer Bridge Engineering recognised for outstanding refurbishment of historic bridge
Precision medicine company falls into administration
Oncimmune, a precision medicine company based in Leeds, has fallen into administration.
It follows attempts by the business to sell its German trading subsidiary and a failure to raise additional capital required to meet the company’s short term funding needs. Oncimmune has concluded that there are no further options available to extend its cash runway and that the firm should therefore be placed into administration.In a statement Oncimmune said: “Despite a comprehensive sale process and positive interest in the business it has unfortunately not been possible to secure a buyer for the Company’s trading subsidiary, Oncimmune Germany GmbH. It has also not been possible to raise the additional capital required to meet the Company’s short term funding needs.
“In light of this, and after extensive consideration of the Company’s current financial situation as well as the resulting creditor position, the Board has regrettably concluded that there are no further options available to the Company to extend its cash runway and that the Group should therefore be placed into administration in order to preserve the value of the business for creditors.
“Accordingly, a notice will be filed with the Court today notifying the directors’ intention to appoint Managing Directors from Alvarez & Marsal Europe LLP as administrators of the Company as soon as reasonably practicable.
“Consequently, the Company has requested a suspension in the trading of its ordinary shares on AIM, which will become effective from 7.30am on 17 March 2025.”
Digital agency goes for growth after boardroom shake-up
Work starts on affordable Rotherham homes
Work has started on the development of 14 new affordable, energy saving homes in the north of the borough, as part of Rotherham Council’s housing delivery programme.
Record amount of funding injected into Skills Bootcamps for Hull
UK manufacturers freeze hiring, cut investment amid rising costs
Rising employment taxes, business costs, and global trade uncertainty are forcing UK manufacturers to halt recruitment, consider job cuts, and scale back investment, according to a new report by Make UK and BDO.
The report surveyed over 300 manufacturers and found that financial pressures are stalling growth, with some firms cancelling investment plans entirely. Make UK calls on the Government to reform business rates, overhaul the skills system, and introduce a long-term industrial strategy focused on advanced manufacturing.
The industry group warns that manufacturers will struggle to compete and expand in the current economic climate without immediate policy support.
Holmes Miller expands with new Leeds office to meet public sector demand
Architectural practice Holmes Miller has opened a new office in Leeds to support growing demand for public sector projects in the region. This marks the firm’s third UK base, alongside its offices in Glasgow and St Albans.
The firm, which has operated for 75 years, specialises in sustainable architecture across education, leisure, and justice sectors. Directors Ryan Holmes and Craig Heap emphasised that the Leeds office will enhance local engagement and deliver cost-effective, user-focused design as budgets tighten across the industry.
Holmes Miller also plans to expand further in Ireland, targeting growth in the sports and education markets.
Jobs secured as Altrix Group acquired by HCRG Workforce Solutions
Yorkshire & Humber manufacturers see strong start to the year
New Humber energy-from-waste plant gets government approval
The UK government has approved the development of the North Lincolnshire Green Energy Park, an energy-from-waste facility planned for Flixborough Industrial Estate near Scunthorpe. The site will include an Energy Recovery Facility (ERF) capable of converting up to 650,000 tonnes of Refuse Derived Fuel annually into electricity.
Developer Solar 21 says the facility could generate enough low-carbon power for 221,000 homes per year and create up to 257 permanent jobs, with an additional 600 jobs during construction. The project aims to reduce landfill use by up to 760,000 tonnes and prevent 150,000 tonnes of CO2 emissions.
The site will also feature a plastic recycling facility capable of processing 20,000 tonnes of plastic annually. Ash from the energy recovery process will be repurposed into concrete blocks for construction.
Solar 21 highlights the Humber region’s high industrial carbon emissions and landfill waste as key drivers for the project, positioning the facility as part of the UK’s strategy to reach net-zero carbon emissions by 2050.