Rotherham-based land regenerator Harworth completed the last quarter of 2024 with housing plot sales of more than £71m, taking the total for the year to £104m – double the total for 2023.
The company says the sales volume reflects the continued strong demand for its de-risked serviced residential land product as well as evidencing success of the Group’s strategy to accelerate delivery of residential sites and broader range of products. Alongside its Residential plot sales Harworth also completed land sales at Skelton Grange (Phase 1, 27 acres) and Ansty (278 acres), for total headline sales value of £106.3 million. Harworth Group Chief Exec Lynda Shillaw said: “Harworth had a busy fourth quarter in 2024, concluding nine Residential land sales, comprising 1,896 plots for £71.7 million. This takes the total plot sales for 2024 to a new annual Harworth record of 2,385 plots, generating £104.1 million of cash, split between upfront and deferred payments, and is in line with our strategic target of 2,000 per year on average. “Throughout the year we continued to see healthy demand, and notably we also completed two major land sales at our Skelton Grange and Ansty developments in December, for £106.3 million. The proceeds from these sales will be reinvested into our Industrial & Logistics development programme to continue creating value for our stakeholders. “We are committed to delivering sustainable regeneration schemes, creating new communities in our regions and supporting delivery of much needed high quality housing in the UK by accelerating delivery at our sites, and broadening the range of our mixed tenure products, which saw 582 of the year’s plots sales to affordable housing providers. “Our approach to placemaking and strong collaboration with strategic partners is key to success on these developments, and our extensive consented pipeline of 4,568 plots positions us well to continue supporting growth in the UK.”Danielle takes over as MD at Berwins Solicitors in Harrogate
Harrogate-based law firm Berwins has appointed Danielle Day as MD, succeeding founder Paul Berwin, who has been instrumental in the growth of the business for almost four decades.
She said: “I’m naturally honoured to take on the leadership of such a well-respected firm, especially at such an exciting time for us.
“Berwins has a proud history of supporting businesses to thrive and people to navigate often challenging periods in their lives. The firm has been able to do that, not just by building a team of legal experts, but by developing and practicing a culture of exceptional care. That’s an approach I’m passionate about and, as we prepare to launch a number of new initiatives, it’s one that will be at the heart of all we do.”
Danielle has been a member of Berwins’ board since 2022. She has also successfully led the firm’s Family Team to sustained growth, championing the development of new and cutting-edge ways of supporting clients through difficult circumstances.
Paul Berwin said: “Since joining the firm over a decade ago, Danielle has shown herself to be both an excellent lawyer and a gifted leader.
“Those gifts, coupled with an innovative approach to problem solving, mean that she is ideally suited to take the firm forward as Managing Director. Just as it is a pleasure to work alongside her, I will take great delight in seeing her contribute to what promises to be a bright future for the firm.”
Paul remains a director and active force within the firm, focusing his attention on Berwins Corporate and Commercial work, both as a departmental head and a standout lawyer.
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Self-employed warned of rising costs of later life care
Self-employed workers planning for their retirement across the UK could be at risk of significantly downplaying the possibility of needing later-in-life care, research from independent consultancy Barnett Waddingham finds.
The company, which has offices in Leeds, says more than a third of people expect their health and care costs to increase substantially well into their retirement, but fewer than one in five have fully factored having to go into care into their retirement plan even though the annual cost of care could be between £60-£70,000.
Mark Futcher, Partner and Head of DC at Barnett Waddingham, says: “There’s no doubt about it, the UK’s care crisis is deeper than we thought. As of now, Age UK estimates there are 2.6 million people aged 50+ in England unable to even access care; including hundreds of thousands stuck on waiting lists, or waiting for their needs to be assessed. Now, our data suggests that millions more are unlikely to even be able to afford it when they reach retirement.
“While there are numerous factors to take into account, what’s evident is that very few people are even thinking about their health or care considerations when planning for their retirement. As a result, we’re at risk of a growing population with woefully inadequate pension savings that could buckle under pressure at even the slightest sign of illness in retirement.
“While education, awareness and financial guidance will play an important part in fixing this problem; time and time again, the inadequacy of auto-enrolment workplace pension contributions is the main problem that must be resolved. With details of the Government’s highly-anticipated pensions review still to come, there’s an urgent need to fix our pension system to ensure better outcomes for retirees, whether they need care or not.”
More than half of those aged between 55 and 64, or those closest to retirement, expect health and care costs to remain stable in the first decade, and significant proportions – 38% and 30% – carry this belief into the second and third decades, respectively. And while fewer expect increased costs in their first decade (34%), more than two-fifths of this age group anticipate increased costs well into their fourth decade of retirement.
The findings raise concern that many workers could be significantly unprepared for, or unaware of the financial realities of retirement, particularly as care needs and costs often increase over time. A fifth (20%) expect that they will be retired for 10-15 years, but fewer (18%) said they considered their current health when estimating this, and just 20% their lifestyle decisions.
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Siemens Mobility secures £560m contracts with HS2
Siemens Mobility has secured four contracts worth £560m for key infrastructure and long-term maintenance on HS2.
The company already building trains for London’s Underground at its manufacturing hub in Goole will join key contractors under the Rail Systems Alliance, playing a crucial role in the delivery and operation of the 140-mile high-speed railway connect London to the West Midlands.
The contracts Siemens Mobility has secured contracts covering trackside Automatic Train Operation (a first for a high-speed railway); Engineering Management; High-Voltage power supply systems; and designing and implementing Operational Telecommunications and Security Systems for the entire HS2 route.
All contracts are expected to start this year, and include long-term maintenance agreements, and potentially including additional options.
Rob Morris, Joint CEO, Siemens Mobility UKI said: “HS2 is going to transform rail travel in Britain, and we’re delighted to be playing a key part in delivering it.”
“Our work for HS2 will help in sustaining British jobs and skills from our UK based workforce, and in our 2,500 strong supply chain.”
“We’re already committed to investing £100m in a brand-new digital engineering, manufacturing and research and development centre in Chippenham which will now play a key role in delivering HS2.”