Finance For Enterprise appoints fund manager

South Yorkshire-based Finance For Enterprise (FFE) has strengthened its team with the appointment of experienced financial professional Michael Hydari as fund manager. Bringing a wealth of expertise in business finance, Michael joins FFE from UKSE, where he worked as an investment executive, helping businesses secure the funding they need to grow. Prior to that, he held various finance analyst roles at Specsavers while completing his CIMA accountancy qualification. In his new role as fund manager, Michael will be responsible for making credit decisions and managing FFE’s diverse range of funds, ensuring that SMEs across the region can access vital financial support to drive their businesses forward. Speaking about his appointment, Michael said: “I enjoy helping SMEs access funding and supporting their growth journeys. Finance For Enterprise is the perfect place for me to continue doing that, and I’m excited to be part of a team that makes such a positive impact on businesses.” Andrew Austwick, Managing Director of Finance For Enterprise, said: “We are delighted to welcome Michael to the team. His extensive experience in business finance and his passion for helping SMEs make him a fantastic addition to FFE. We are confident that he will play a key role in supporting businesses as they look to grow and thrive.”

Yorkshire politicians join efforts to save 130 jobs at dairy factory

Yorkshire politicians have joined GMB’s fight to save a dairy factory from closure. More than 130 jobs will be lost if Arla Foods UK goes ahead with its plan to close a facility in Settle and move production to the company’s site in Lockerbie, Scotland. GMB Union today met key stakeholders, including the MP for Skipton and Row Sir Julian Smith and the North Yorkshire Mayor David Skaith. This broad-based coalition is determined to challenge Arla’s decision and explore all options to keep the site open. The union will meet company bosses on Thursday (13 March), while almost 200 people have a signed a petition to save the factory. Deanne Ferguson, GMB Regional Organiser, said: “GMB will work collaboratively to save the Settle Arla site and the 130 direct jobs – along with the many more at risk in the supply chain. “Workers and their families face a devastating impact, some have spent their entire careers at Arla, others moved here for their ‘forever jobs’. “Now their futures are uncertain. Some will be forced to relocate to find work, tearing them away from their homes and communities. “The loss of these jobs won’t just affect individuals; it will have a lasting economic and social impact on Settle. “That’s why we’re calling on the local community and all stakeholders to stand with us in this fight.”

40-flat development approved for former Scunthorpe car park

Outline planning permission has been granted for a 40-flat residential development on a former private car park in Dunstall Street, Scunthorpe. RGB & KC Woollin proposed the project, which will consist of a four-storey building with ten flats per floor and 20 on-site parking spaces.

The development includes 32 one-bedroom and eight two-bedroom flats, eight of which are designated as affordable housing—six of which will be rented. Approval is subject to a Section 106 agreement, which requires financial contributions towards local services. The developers will provide £29,666 for recreational improvements, including upgrades to football pitches, swimming facilities, and indoor bowling.

An additional £27,600 will go towards healthcare, with funding allocated to The Birches Medical Practice, The Oak Tree Medical Practice, and Oswald Road Medical Surgery. The agreement also includes a £13,000 payment to the council for managing on-site open spaces.

Cleckheaton-based accounting firm acquires London business

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Cleckheaton-based accounting and business advisory firm Shenward has acquired London-based accountants John Cumming Ross Limited (JCR) and its subsidiary Jaycee Comservices Limited.

The deal will see JCR rebrand to Shenward immediately, with all employees and directors remaining in their current roles. The acquisition is a strategic move for Shenward, aligning with its existing London-based client portfolio and network of partners, introducers, and referrers in and around the city. The firm has been scaling its operations since 2018, when its acquired Leeds-based practice Cox, Costello and Horne. This was followed by the launch of a specialist sports, media, and entertainment division in 2020 and the purchase of a new 8,000 sq ft headquarters in Cleckheaton in 2021. Shenward has grown on average by around 15% each year for the last five years. The acquisition of JCR will see Shenward effectively double in size both from a team and client perspective. Sherad Dewedi, managing partner at Shenward, said: “We set our hearts on London being the next city for us to establish a base given the growth we’ve witnessed in our client base and professional network there. “So, when we were introduced to JCR as a potential acquirer, it immediately felt like the right move for us. The founding members have built a fantastic business, and we are proud to bring the firm and its team under the Shenward group. “London is a global hub for financial services and a key driver of the UK economy, and so the demand for professional accounting advice and business support has never been greater. I can’t wait to see what opportunities this move presents for our team and our clients.” Dilip Unarket, director at John Cumming Ross Ltd, said: “Having met Sherad and the wider management team and learnt about their business, I am confident that acquisition will take JCR to new heights. “Right now, businesses are navigating complex financial and regulatory landscapes. With the extra backing of the Shenward team, our firm will be well-positioned to support the increasing needs of businesses.”

North Yorkshire-based Northern Energy Oil acquired in £8.3m deal

Cheshire-headquartered NWF Group, a specialist distributor of fuels, food and feeds across the UK, has acquired North Yorkshire-based Northern Energy Oil to grow its fuels distribution business.

Northern is a 42 million litre fuel distributor operating five sites in North Yorkshire, Northumbria and Lincolnshire, with a largely domestic customer base. The acquisition increases the group’s presence in the North-East of England, where NWF is currently underrepresented. Northern will increase NWF’s total fuel volumes by about six per cent on a pro forma basis.

The total consideration for Northern is £8.3 million.

In the 12 months to 31 August 2024, Northern generated revenue of £35.1 million, EBITDA of £0.6 million, profit before tax of £0.1 million and had period end net assets of £2.7 million. 

Chris Belsham, CEO of NWF Group, said: “We are delighted to announce the acquisition of Northern, which represents an excellent example of NWF’s strategy at play to consolidate the highly fragmented fuels distribution market.

“This acquisition, our first since Geoff Boorman in 2023, demonstrates our intent to pursue attractive, earnings accretive transactions, consistent with our strong and established track record. Our pipeline of potential fuels acquisitions remains active, supported by our robust financial position. I would like to welcome our new Northern colleagues to the Group.”

Leeds-based outdoor media operator makes acquisition to expand UK portfolio

Leeds-based outdoor media operator, 75Media has acquired the majority of Mass Media’s large-format digital roadside billboard portfolio.

Thirty one sites have already been integrated into 75Media’s growing digital portfolio, meaning the company can deliver greater audience numbers to brands in a range of locations, including Wimbledon, Bristol, Southampton, Derby and Nottingham.

The newly-acquired portfolio reaches 19 million people per fortnight, which further increases 75Media’s reach and broadcast capabilities.

In addition to these 31 existing sites, 75Media will also operate a large proportion of Mass Media’s agreed future pipeline of D48 and large-format digital (LFD) sites, taking the total number to 49.

Paul Inman, CEO and Founder of 75Media, said: “This acquisition is a significant step forward for 75Media. It not only enhances our digital portfolio but also sends a clear message to the industry – we are expanding, we are investing, and we are committed to delivering high-quality roadside advertising opportunities.

“Mass Media has built an impressive estate of large-format digital sites, and we’re pleased to be bringing them into our network. With the addition of a large proportion of its future pipeline of D48s and LFDs, we’re accelerating our growth and giving advertisers even more ways to engage with real audiences in prime locations.”

Mass Lambresa, CEO of Mass Media, added: “Now is the right time for this transition. We’ve had great success with our large-format digital portfolio, and 75Media is well-placed to take these sites forward. As we move on to new projects in the OOH industry, focusing on emerging technologies and development, we’re confident that this move benefits both parties and ensures a strong future for these high-quality locations.”

Administrators appointed at North Yorkshire hotel

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The Feversham Arms Hotel in North Yorkshire has fallen into administration. The hotel, in Helmsley, continues to operate as normal under the control of the administrators, Oliver Collinge and James Sleight of PKF Littlejohn Advisory, and will shortly be put on the market. All hotel staff are being retained, with no redundancies planned. Mr Collinge confirmed that it is business as usual for the hotel and its guests: “All deposits paid and bookings already made, including for events, will be honoured and will go ahead unaffected and as planned. Similarly, any vouchers that people have for use at the venue can be used as normal. “The hotel will continue to take bookings for future events and sell vouchers as normal. These will be ringfenced to provide assurance to guests and customers. It’s very important to us that the hotel should continue to provide the high standards of service that guests are accustomed to.” He added: “The Feversham is a stunning hotel in a beautiful location. With 33 guest rooms, a luxury spa and a range of upscale dining experiences, we anticipate especially strong interest and we’re very confident of finding a buyer and securing the long-term future of the hotel and its team.”

Saltburn care home under new ownership after hygiene concerns

A Saltburn care home previously criticised for food hygiene issues is now under new ownership. Four Seasons Care Home, located off Marske Road, has been re-registered with the Care Quality Commission (CQC) as Oaklands Manor Nursing Home.

Oaklands Manor Care Home Limited, the new owner, plans to upgrade the facility, which specialises in dementia care. The existing manager will stay on to provide continuity for staff. Redcar and Cleveland Council’s commissioning services are supporting the transition.

Under its previous operator, Key Healthcare Limited, the home was flagged for major food safety improvements in 2023. Inspectors found improper food storage, dirty equipment, and damaged kitchenware that could not be properly cleaned. Key Healthcare stated at the time that it had addressed all concerns.

The CQC last inspected the home in November 2022, rating it as ‘requires improvement’ overall but ‘good’ for caring. The regulator notes that past ratings apply only to the previous operator and that follow-up inspections will be conducted under the new ownership.

McDonald’s submits plans for Leeds drive-through

McDonald’s has submitted a planning application to Leeds City Council for a new drive-through restaurant on vacant land off Town Street in Stanningley, formerly part of a metal recycling plant.

The fast-food chain held a public consultation in December, engaging with local residents through a newsletter, a dedicated website, and a public meeting. In response to concerns about road safety, the proposed operating hours were reduced from 24 hours to 6:00 to 00:00 daily.

If approved, the project would create 130 construction jobs and employ 70 staff once operational. Plans include 34 parking spaces, cycle bays, and electric vehicle charging points. The site is located near a proposed 40-home residential development, and McDonald’s has coordinated with the housing developer on planning considerations.

Construction business and cathedral collaborate on stone-cutting facility

The Gelder Group has secured a new contract marking a special collaboration between the construction business and Lincoln Cathedral. The company will further expand at its headquarters, to build a stone-cutting facility, which will provide tailored stone to keep the city’s world-famous Cathedral in great shape for centuries to come. Gelder Group CEO Steve Gelder said: “This is a fantastic opportunity for both parties. The new centre will house modern equipment for future Cathedral projects, starting with the second stage of its Chapter house project. “The centre will boost efficiencies for the Cathedral and reduce costs because of its ability to cut pieces of stone to size, thereby reducing wastage to virtually zero. “Lincoln Cathedral is the only Cathedral to be listed in its entirety on English Heritage’s At Risk register, so we are really proud that the new centre will support this vital work and also the Cathedral’s drive to promote heritage skills.” Work on the new centre began in January and the facility will be available to the Cathedral by way of a 20-year lease. Lincoln Cathedral Director of Estates and Facilities Mark Wheater said that following phase two of the Chapter House project, future work is waiting in the wings. “We have an over-arching 50-year plan and then a five-year plan of works. Maintaining the building and promoting the heritage skills needed to conserve it are huge priorities for us. The new facility means we are able to cut pieces of stone to size, rather than buying pre-cut blocks and then trimming them down. “This will be much more cost-effective for us, with the ability to handle much larger pieces of stone. We will also be installing solar panels with battery storage to make the development as sustainable as possible.” The Very Reverend Dr Simon Jones, Dean of Lincoln said: “This partnership with Gelder Group to create a bespoke cutting facility is a vital step in our commitment to conserving the built heritage of Lincoln Cathedral in a financially and environmentally sustainable way. “The Cathedral has stood as a beacon on the skyline of Lincoln for almost 1,000 years, and one of our greatest daily challenges to ensure that it does so for many more centuries to come. “The cutting facility will also support our reputation as a centre of excellence for heritage skills by providing our craftspeople with the literal building blocks to continue to conserve this internationally important building for the future, and ensure that these vital skills continue to be shared with the next generation of stonemasons.”