Leeds legal firm snapped up
Priestley Construction builds on senior team
Bob Priestley has been appointed to the Board of Directors as construction director at Priestley Construction. The company has also promoted Dan Wright to commercial manager, following a string of new contract wins. Both have an impressive track-record in the construction industry.
Bob joined the company in 2021 as a contracts manager and quickly impressed, being promoted to head of construction in 2022. Bob has more than 35 years industry experience and is a well-known and respected construction manager who has successfully overseen several multi-million-pound developments and headed up regional business units across Yorkshire, the Midlands and the North West.
Dan, who previously was Priestley’s senior quantity surveyor, can demonstrate more than 20 years industry experience across all sectors, including the residential and student accommodation markets. Dan joined Priestley Construction 16 months ago and has previously undertaken project manager and operations director roles at other well-known companies.Bob said: “I am thrilled to be joining the Board and taking a key role in the evolution and continued growth of this impressive business.
“In my new role, I will be responsible for the safe and timely delivery of all our construction projects, with a current value in excess of £80 million. These involve delivering a total of over 500 apartments and houses, hotels, industrial units, and office schemes for our valued clients across the UK.
“Renovating historic and listed buildings has been our staple here at Priestley Construction and I’m looking forward to enhancing this reputation further as well as growing our business in the commercial sector including the industrial, office and hotel markets.
“We’re also currently working on an up-market bar and restaurant project in Islington, London and plan to expand further in the capital, as well as working with overseas clients keen to invest in the UK.”
Dan said: “It’s a great business and a great team. In my new role, I will oversee our projects from start to finish, with my focus being firmly on delivering all projects within budget.”
Nathan Priestley, founder and CEO of the Priestley Group, said: “Bob and Dan are both trusted construction stalwarts that know how to win, manage and deliver projects and they will both be instrumental in growing our business.
“These promotions continue our policy of promoting from within and rewarding dedication, hard work, and delivery on our company principles.”
Fifth of SME owners plan to sell all or part of their business, survey discovers
A fifth of SME owners plan to sell part or all their business within the next two years, according to a study conducted on behalf of Handelsbanken Wealth & Asset Management.
A further one in ten expect to downsize their businesses over the same period. Of these, a third blame rising costs, 18% cite performance-related issues, and a further one in six need to release liquidity to deal with the cost-of-living crisis.
But while rising costs and profitability were among some of the catalysts for selling up or making a change, the research also shows that many owners are motivated to sell all or part of their business for positive reasons. 40% plan to release liquidity to invest in other business ventures, for example. Just six percent said they are planning to sell their entire business within the next two years, with 20% citing retirement as the driving factor, and a further 20% having to do so due to an absence of family succession options.
Despite the multiple challenges faced by many SMEs, half have no plans to change their firm’s size or ownership status. Furthermore, one in six is considering scaling up operations within the next two years, indicating a welcome degree of optimism among this business segment.
Christine Ross, Head of Private Office (North) and Client Director at Handelsbanken Wealth & Asset Management said: “Making changes to your business – whether you’re expanding, downsizing, selling or starting something new – can be a very exciting time, but it can also be very stressful. If you’re releasing money from your business by selling all or part of it, it can feel like a big weight off your mind when the process is finally concluded. However, there’s also the question of what to do with the proceeds of a business sale, as you enter the next chapter of your life.
“This is a good time to take stock of your situation, and focus on your goals for the future. It’s important to remember that many of the tax advantages you enjoyed as a business owner may no longer be available to you, so consider taking professional advice as early as possible to help work out the best options for you.
“For example, setting up a family trust prior to your business sale could make use of inheritance tax reliefs, if this meets your financial and estate planning objectives. You might also want to make the most of allowances around ‘gifting’ money to help the next generation, if it suits your personal situation, or invest in financial markets an effort to protect the value of your capital against inflation. Whatever you choose to do next, make sure you understand the risks and potential rewards involved.”
Arco maintains place amongst top ten apprentice employers
Drop in session heralds Sisk starting work on York Station Gateway Project
With the appointment of John Sisk & Son as main contractor for the first phase of the £7.8 million York Station Gateway project, businesses are invited to a drop-in event as work starts.
Fifty firms in the running to be Peoples’ Choice in Doncaster Business Awards
National Living Wage to increase next April
Government launches red tape review to ease burden on business
- The regulatory landscape is a crowded space, with too many regulators having too many duties to trade-off against each other meaning consistency across regulators and a clear direction on what good looks like is essential.
- Regulator behaviour, risk appetite and overall performance is not as it should be. Businesses/industry groups argue that regulators are overly risk averse and focus too heavily on process, and that this is at the expense of delivering the best outcomes.
- Regulator powers and accountability have not moved in tandem, in part because of the increased decision-making power of some regulators now that decisions are taken at a UK- (not EU-) level.
Sixways Stadium to host the next Motor Source ESFL Finals
Quickline wins awards for rural broadband rollout
Quickline Communications has won two major national awards for rescuing isolated communities with its rollout of fast and reliable broadband.
The East Yorkshire-based provider has now been honoured for the rollout of both its full fibre and 5G fixed wireless internet connectivity. At the Adtran UK Fibre Awards 2023, hosted by global internet and communications equipment giants Adtran in London, Quickline claimed the Best Rural Innovation Award. The awards are held to shine a light on the innovative work of alternative network providers across the country. The accolade recognises the company’s dedication to bringing isolated communities up to speed through its full fibre network and was awarded to Quickline for “the most innovative use and combination of full fibre products and services to solve business challenges”. Quickline was also highly commended in the Rural Fibre Service category in the same awards for the positive impact it is having on the communities it serves. One of the judges said: “This is awarded for the significant impact fibre rollout has had on the rural communities they serve. Quickline have sought to reach these communities which have, until then, been underserved with full fibre connectivity and so created a positive impact in the rural community they serve.” As well as the Adtran UK Fibre award, Quickline won the Wireless Innovation Award in the Connected Britain Awards. The winning entry focused on Quickline’s successful deployment of the UK’s first 5G standalone fixed wireless network, providing an end-to-end solution to connect even the most remote communities. The Connected Britain Awards formed part of the Connected Britain show held at Excel London, which brought together more than 5,000 leaders shaping the country’s digital future. CEO Sean Royce and Chief Technology Officer Ian Smith also delivered sessions at the flagship event, engaging with audiences on how Quickline is tackling digital inequality and connecting hard-to-reach communities. Mr Royce said: “We’re very proud to win these two industry awards in recognition of the significant strides we’ve made in bridging the digital divide and providing rural communities with rapid and reliable internet access. “It’s especially pleasing that these awards recognise the rollout of both our full fibre and 5G fixed wireless technology. “Our sessions at the Connected Britain show also provided an excellent platform to share our story with leading industry professionals and other key stakeholders, and discuss some of the most pressing issues facing our industry including the important matter of bridging the digital divide and connecting hard to reach communities. “These awards are further endorsements of the transformational difference we’re making to rural communities across Yorkshire and Lincolnshire that would otherwise be denied the digital connectivity that is absolutely essential for so many aspects of daily life.”