CPP InsurTech investment KYND secures funding from the Business Growth Fund

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CPP Group is pleased to provide an update on its investment, KYND, a provider of pioneering cyber risk management solutions to the insurance industry. KYND has secured £3.25m of investment from BGF, a UK and Ireland-based growth capital investment company that provides funding as a minority, non-controlling equity partner. Founded in 2018, KYND has developed an industry-first API-based technology platform that gathers and processes data to assess cyber risk for small and mid-market companies, insurers, brokers, and their clients, providing instant and meaningful insights into exposure. KYND has achieved 1000% growth on annual recurring revenue since June 2020 and developed partnerships with high-profile insurers and brokers, such as Beazley, Howden, Paragon and Alliant. BGF’s investment will be used to accelerate KYND’s growth and global expansion plans while supporting the development and launch of cutting-edge cyber risk technology products. CPP Group acquired a stake in KYND in March 2018 as part of its strategy of investing in innovative people, businesses and products that are relevant to its distribution partners internationally.
Jason Walsh, CEO of CPP Group, commented: “KYND’s goal of simplifying and improving cyber insurance is highly complementary of our own objective of reducing disruptions for people across the world through the use of easy-to-use solutions, making it a great fit for the Group.
“We’re proud to be associated with such a promising UK tech business as it continues to develop innovative products that capitalise on the increasing demand for cyber insurance worldwide, adding value to CPP’s offering alongside those of some of the biggest names in the industry. “To secure this quantum of investment from one of the most highly regarded funds in the UK is a great endorsement of the incredible work the team at KYND are doing, and I wish them continued success as they move into their next phase of growth.”

Significant milestone reached at Sheffield Olympic Legacy Park’s Community Stadium

Eleven months on from a ground-breaking ceremony, the final piece of roof cladding has been lifted into place at Sheffield Olympic Legacy Park’s Community Stadium, marking the completion of this current phase of works. It features a three-storey, covered grandstand with initial seating for 758 spectators and total capacity for up to 3,900, alongside 23,000 sq ft of commercial space and ancillary facilities. Principal contractor, GMI Construction Group PLC has made notable progress on site over the last few weeks, with the installation of the roof, which is a significant structure measuring 58m in length and 30 in width, now complete. Jon Anderson, project director at SGI, said: “The Community Stadium is looking fantastic in its setting and is going to be a real focal point for the Park. “Despite the challenges posed by impact of the global pandemic, the project is currently on track for handover in early 2022, which is testament to hard work and dedication of everyone involved.” Lee Powell, divisional managing director of GMI Construction Group PLC, added: “Sheffield Olympic Legacy Park is delivering a tangible legacy from the London 2012 Olympic and Paralympic Games through the four themes of Sport, Community, Environment and Economy. GMI is delighted to once again be working with Scarborough Group International to deliver this impressive new addition to the stadium skyline. “GMI is well known for its prowess in the sports stadia and community environment arena having previously worked to build Rotherham FC’s fantastic new New York stadium together with new completed stand developments at Yorkshire County Cricket Club’s Headingly ground and for Leeds United at Ellend Road and Carlisle United FC. We are very proud of the work we have done in all of these arenas.”
The Group acquired the Community Stadium site from Sheffield City Council in 2018 prior to concluding a wider agreement to deliver the next phase of Sheffield Olympic Legacy Park, which includes a masterplan for approximately 850,000 sq ft of commercial space across an 80-acre zone. This will completely transform the eastern quarter of the city into a community for the health, wellbeing, sport and activity sectors, creating up to 5,600 high-value jobs.

Award-winning accountants open new office in York City Centre

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360 Chartered Accountants is pleased to announce the opening of a new office in York City Centre. The award-winning firm has a developing portfolio of clients in and around York and says now is the perfect time to have a base in the city. Andy Steele, Director of 360 Chartered Accountants, said: “We are really excited about opening our office right in the centre of York.  It’s always been in our business plan to expand outside of Hull and East Yorkshire and as our client portfolio here in York has grown, we have seized the opportunity – and can’t wait to welcome both our current clients and future clients to Blake House on Blake Street. “We chose this location because it is right in the heart of the city.  There is a fantastic and continually growing business economy here and we know that our services are a perfect fit for so many business owners who have been hit hard over the last couple of years.  We worked throughout the pandemic, offering advice and support to anyone who needed it, clients and non-clients.  We guided them through the various government grant systems and helped our clients claim nearly £10 million in furlough payments across all sectors.  There’s also been some great innovation and we have helped businesses adapt to the changing climate. We understand what people have been through and are still going through and we can’t wait to start sharing our knowledge and expertise with even more businesses across York.” 360 Chartered Accountants couldn’t be more different to the image of a typical, ‘boring’ accountancy firm.  Their success lies in a willingness to remain agile as a practice in an ever-changing financial and business climate.  They are 21st century accountants embracing modern technology to give their clients every advantage.   Innovative and forward thinking, they have invested in IT and modern technology to simplify and speed up accountancy processes, so that clients can view real-time accounts in a secure cloud environment at any time of the day or night, which in turn allows them to make better, more informed decisions based on up-to-the minute figures.  It also means the team is able to work from home if necessary, with no disruption to clients, which has been invaluable over the last 2 years. Jono Stead, 360’s Corporate Portfolio Manager, will be managing the York operation.  He said: “It’s such an exciting time for 360 right now.  Our continued growth is testament to the commitment we show to our clients.  I am really looking forward to continuing to work with our current clients in York as well as getting to know many more business owners over the coming months.” 360, which also incorporates its own payroll bureau, 5Four Payroll, provides a full range of accountancy services for businesses of all sizes, from startups to large corporate clients.  These include accounts, tax and bookkeeping services, support and advice on business growth, grant claims and raising finances, advising on exit strategies – and everything else in between.  

Innovative horticultural products set to boost UK biodiversity efforts

The UK’s first ever range of self-contained, integrated eco-systems and associated products have launched to help boost biodiversity and conservation across the country. The range of landmark habitats has been created by BioScapes®, a new business under the Rolawn Group, one of the country’s longest established and leading suppliers of topsoil and turf in a bid to become a leading voice in finding solutions for the challenges facing biodiversity in the UK and around the world. BioScapes® has launched with two different products within the range, the BioCube® and NatureArk®. The products will help to directly offset the negative impact of biodiversity loss, such as by consequence of the construction of housing developments and commercial property. With fifty years’ worth of experience in innovation in the field and the help of expert ecologists to call on, BioScapes® has conducted extensive research and made significant investments over the course of four years to produce this range of products that responds to new targets set by Government within the Environment Bill from the 2019 Spring Statement. The Chancellor indicated it will be mandatory that new English planning developments will be required to demonstrate a 10% increase in biodiversity on or near development sites and deliver a ‘Biodiversity Net Gain’ with the legislation set to officially come into effect in 2023. Globally, investors have committed £3.6bn to nature restoration and conservation as part of the 30by30 initiative, which aims to protect 30% of the planet’s land and water by 2030. The BioScapes® products are suitable for installation in both commercial and residential environments such as, private gardens, new housing developments, local authority projects, roof gardens, commercial sites, retail parks, orchards and general landscaping schemes. The BioCube® provides a combination of wet and dry habitats, supporting process of rewilding through the development of ecosystems which encourage small mammals, amphibians, insects, invertebrate and plants to thrive. It has been launched alongside the NatureArk®, which delivers a similar suite of benefits, and has been specifically developed for implementation in smaller community environments, such as schools, as well as commercial construction projects. The BioCube® is priced at £2,950 and the NatureArk® at £399.95 and have already been successfully implemented by Believe Housing Association, Durham, major housebuilders Persimmon and Taylor Wimpey, as well as six primary schools in Yorkshire and northeast England. Terry Smithson, biodiversity manager and expert ecologist at BioScapes®, said: “Biodiversity is vital to our future and is the fundamental contributor to processes such as pollinating our food, providing clean water and filtering the air we breathe. We upset these systems at our peril. “The loss of woodland cover, and the destruction of peatlands and saltmarshes could render our homes and businesses more vulnerable to flooding. “But no matter how much space you have, you can always make space for wildlife, and the BioCube® provides the perfect solution in this respect by creating a self-contained area, which can be used in a range of environments, and that will support wildlife. “We recognise that developers, architects, business owners and other key decision makers acknowledge the importance of biodiversity, but that many struggle to implement a practical solution – and particularly this is what has led to the creation of the BioScapes® products.” BioScapes® chairman and managing director, Paul Dawson added: “There is no doubt that the natural habitats of the planet are under threat like never before, which makes it more important than ever to educate our stakeholders and the public on the importance of biodiversity and making a positive impact.” “We believe that this innovation will offer housing developers, property planners, builders’ merchants and others a simple, self-contained solution to make a tangible, positive impact on biodiversity, the likes of which we’ve not seen before.”

A New Initiative to put the Humber at the Heart of the Government’s Net Zero Ambitions

A new private sector led initiative, strongly supported by the public sector, aims to make the Humber at the heart of the Government’s ambitions to tackle climate change by becoming net carbon zero by 2040. The Humber Energy Board has been launched to act as a single voice for the region, providing co-ordinated promotion of the Humber’s strengths and its assets to a global audience, encouraging investment, as well as ensuring the region is able to communicate directly with Government in the same way as mayoral combined authorities are able to do. Convened by the two Local Enterprise Partnerships across the region, the board has the backing of the Humber Leadership Board, as well as key organisations including the CBI, the Universities of Hull and Lincoln and a number of major companies, including Equinor, Ørsted, British Steel, Phillips 66, Drax, Youngs, Siemens as well as wider industry members such as CATCH and the Humber Freeports. The board was launched at a meeting co-chaired by James Newman, Chair of the Hull and East Yorkshire LEP (HEY LEP), and his counterpart south of the estuary, Pat Doody, Chair of the Greater Lincolnshire LEP (GLLEP). In a joint statement both Chairs said: “We were delighted to be able to bring together so many sector leaders to support the drive for the Humber to deliver on this vital agenda for climate change. “The region may be the biggest emitter in the UK, but we also have the best solutions to the issues created by these emissions, with significant activity already ongoing around offshore wind, clean hydrogen production and carbon capture assets, all on a large scale. “Our hopes are that the Government will recognise that this region is vital to its climate change and levelling up ambitions and will work through the Humber Energy Board to ensure a coordinated programme of investment and private sector collaboration.” As a very industrialised region and a key part of UK’s national infrastructure and, as such, a major emitter of carbon, the board will be asking Government to provide a single point of contact at the highest level who can engage with the board on behalf of the many Government departments already involved in this agenda. The board will also be looking to appoint a high-profile independent Chair from the sector who can provide the single voice and advocacy for the region in relation to this agenda, not just to when speaking to Government but across the UK and internationally. The board also plans to engage with the many other projects and programmes already ongoing across the Humber and to provide additional cohesion to avoid duplication and unnecessary competition, while encouraging collaboration. There will also be a need to create some priorities for investment by both the Government and private sector. Darren Cunningham from Phillips 66 said: “We will only progress towards net zero by engaging collaboratively. As an integral part of the Humber Industrial Cluster, the Phillips 66 Humber Refinery is committed to working with others, in all sectors across the Humber region, to drive real progress. We welcome the formation of the Humber Energy Board as an important private-public partnership to further encourage the ‘levelling up’ agenda across this vitally important region.” Richard Gwilliam, Drax’s Head of Cluster Development, said: “The Humber has been an industrial heartland for centuries and now stands on the precipice of a green industrial revolution. If we are to achieve the ambitious net zero targets set out by Government, it is vital that we work together to develop the technologies that will support this goal. “At Drax, we are deploying the crucial negative emissions technology bioenergy with carbon capture and storage (BECCS). In doing so, we can create and protect tens of thousands of jobs across the region, levelling up the UK and help the nation to reach net zero.”

IRISNDT acquires James Fisher NDT Limited, UK

IRISNDT has acquired James Fisher NDT from James Fisher and Sons PLC. James Fisher NDT has served the Aerospace, Defense, Automotive, Petrochemical, Utilities, and Nuclear markets since 2006, offering a wide array of field and laboratory NDT services. The component testing division of James Fisher NDT, providing quality control of manufactured parts, will continue to operate from its state-of-the-art 33,000 square foot facility, that includes eight radiographic bays, in Deeside, Wales. IRISNDT is a privately-owned NDT, Inspection, and Integrity Engineering company with operations in the U.S.A., Canada, the United Kingdom, and Australia. The company serves a blue-chip customer base in the refinery, petrochemical, chemical, agricultural, and power/renewables sectors around ongoing operational activities and maintenance turnaround projects, as well as construction and expansion projects. The company is owned by IRISNDT employees and First Reserve, a global private equity firm focused on energy and related industrial markets, and has 22 branch locations in the U.S.A., as well as nine in Canada, seven in the United Kingdom, and five in Australia. Roman Kyrnyckyj, Managing Director of IRISNDT UK, said: “We welcome James Fisher NDT, its employees and customers to the IRISNDT family. I believe James Fisher NDT to be a great fit for us and together we will become an industry leader in the Northwest. We are also excited about adding the component testing division and Nadcap accreditation.” Marcel Blinde, CEO of IRISNDT, said: “I am convinced that our new employees will have a seamless transition to IRISNDT given our shared views on safety, quality, employee training and development, and customer service. IRISNDT is in growth mode, and we are focused on strengthening our services portfolio in the Renewable, Energy, Aerospace and Defense markets and will continue to evaluate attractive add-on acquisition opportunities.”

How your small business can successfully start growing

If you operate within a small or medium sized business, there is likely to be a range of things you can implement to help it grow. Take a read of the article below to learn some key tips for growing your business sooner rather than later. Hire The Right Staff If you wish your business to grow and be successful, you will need to hire the right staff to begin with. When hiring staff, it will be in your best interest to find employees who will not only be suitable for the role but also seem dedicated to staying with you for the long term. You can make this happen by improving overall job satisfaction, as well as focusing on improving your employee retention rate. The longer you have motivated and dedicated staff, the more they will get to know your business and improve it. Look After Your HR Department Your HR department is essentially the backbone of your organisation. If you neglect it, you could see it negatively affect other parts of your business. This is why you should aim to work with your HR team to help make them the most efficient they can be. There are a few different ways to do that. It will benefit your HR department if you remove time-consuming tasks that can be automated in some way. Not only will this help them focus on more crucial roles, such as managing the employees and caring for their needs, it will help them make less mistakes. One of the ways you can help your team save on time is to implement specific software. This HR-focused software can make it easier for your team to manage tasks such as responding to holiday requests and recording sickness absences. It will be crucial for your business to find the right software to work with. This is why you should look to experts such as myhrtoolkit who provide HR software for SMEs to manage holidays and more. For instance, with myhrtoolkit your small to medium sized business will be able to handle holiday requests through a smart holiday planner, which can help both in the short term and long term. Conduct Unique Marketing Campaigns To reach more potential customers, you will need to embark on unique marketing campaigns. However, it will also benefit you to engage in traditional marketing campaigns too. These marketing campaigns can be both digital and in print, but you may find more success by exploring digital options depending on the nature of your business. For similar reasons, it will also put you in good stead to conduct market research, so that you can exploit the right gaps in the market at the right time and in the right places. One effective marketing strategy comes in the form of social media marketing. You could use popular platforms such as Twitter or Instagram to showcase your products or get your brand out there. It will be important for you to keep your brand style consistent on each social media platform, so that your brand is recognisable for anyone to see. However, bear in mind that some social media platforms will have different audiences that could require a different tone. A classic example of this is with TikTok. However you approach it, ensure that you mix it up to reach as many people as possible.

Leeds manufacturer to expand into new markets and create jobs following six-figure investment

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Leeds-based manufacturer of printed marketing and communication materials, Alpha Card Compact Media Ltd, has secured a six-figure investment through NPIF – FW Capital Debt Finance, managed by FW Capital and part of the Northern Powerhouse Investment Fund (NPIF). An international exporter, Alpha Card has over 15 years’ experience of manufacturing and distributing hundreds of millions of printed marketing materials, such as Z-Fold Cards and Infinity Folding Cards, throughout Europe, North America, Australia and Africa. The business’s portable, retainable and reusable devices are used in virtually every sector for diverse applications. Its clients range from the creative industry, government, education, sport and charity through to major high street names and multinationals such as Shell and Toyota. The investment from the Northern Powerhouse Investment Fund will provide additional working capital for export growth and will allow the company to expand into new markets. Funding will also lead to  the creation of four new roles at the business, as it looks to grow the numbers of staff. The deal was facilitated by FW Capital Investment Executive Andy Castle. FW Capital Investment Executive Andy Castle said: “We are delighted to support Alpha Card, a highly-regarded company that has the manufacturing expertise to deliver industry-leading products both quickly and efficiently. Alpha Card has created new jobs with this investment and has forecasted continued growth, meaning their important products can now be delivered to even more clients.” Ian Whitfield, Alpha Card Managing Director, said: “At Alpha Card, we are passionate about creating engagement for our clients with their audiences using clever printed marketing. We pride ourselves on our vast product knowledge and adaptability and work tirelessly to maximise value for all our clients. “This investment from FW Capital will support us as we create new jobs and expand into new markets.”

Leeds marketing agency commits £2,500 to help the homeless of Yorkshire

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Leeds-based marketing agency, The Marketing Optimist, has committed to help Simon on the Streets, a charity for the homeless, for the next 5 years by donating at least £500 every year to support their work. Richard Michie, Marketing Optimist CEO, said: “I live in a nice house with my family, we are warm, don’t worry about food or a place to sleep. All The Marketing Optimist team are in the same situation. “We all have our struggles, but not knowing where we’ll sleep or find our next meal from isn’t one of them. That is why the work Simon on the Streets does is so important to me personally. Being in that situation frightens the life out of me, so I’m more than happy to help in any way I can.” The business has joined the charity’s 5 for 5 partnership, and committed to donate at least £500 per year for 5 years, helping the charity to generate valuable, long term, sustainable income, which is vital to ensure the charity can continue their work with the homeless of Yorkshire. “We’ve committed to £500 per year, but that will be a minimum from us. From 2022 through to 2027, and beyond, we aim to at least double that through fund raising activity right across the year. So, we’ve guaranteed at least £2,500, but we aim to raise at least £5,000, and hopefully more,” continued Richard. Leah Charlson, fundraising manager for Simon on the Streets, said: “Since launching in 2016, The Marketing Optimist have been long-time supporters of Simon on the Streets and we’re so excited for them to come on board as one of our 5 for 5 partners. As a fully independent charity, we rely solely on this kind of support, and we can’t wait to work with their team to tackle homelessness in our local community.”   Leeds-based marketing agency, The Marketing Optimist, has committed to help Simon on the Streets, a charity for the homeless, for the next 5 years by donating at least £500 every year to support their work.

Yorkshire vet group’s European expansion continues

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One of Spain’s leading veterinary practices has become the first in the country to join VetPartners. Praxia, a referral practice specialising in various fields, including cardiology and orthopaedics, based in Elche, Alicante, is the York-based veterinary group’s founding Spanish practice. The acquisition has been swiftly followed by a second practice after Medican Veterinary Center in Madrid also joined VetPartners. VetPartners’ operations and expansion in Spain is overseen by Managing Director Augusto Macias, a vet, who also 30 years’ experience in business as a brand manager and marketing director for pet food manufacturer Gallina Blanca Purina and director general of Kivet. Amid VetPartners’ expansion across the UK, Italy, France, Switzerland and Germany, Senor Macias believes there also huge potential for more growth in Spain. He said: “By focusing on its people and the veterinary profession, VetPartners is making a huge difference. We focus on attracting and growing talent, with good professionals and good people who can continue developing in the profession. “We aim to make VetPartners clinics and hospitals a great place to work, where all team members, veterinarians, assistants and support staff, are respected as people, so that we can achieve a positive work environment. “VetPartners understands the DNA of each veterinary clinic and hospital and bring human, financial and resources to these practices, always with respect for the people and the veterinary professional.” VetPartners has also been joined by four new practices in Italy and six in France as the group’s expansion in both countries continues. Led by vets, VetPartners was founded by CEO Jo Malone in 2015 and has 188 of the UK’s most respected and trusted small animal, mixed, farm and equine practices, employing more than 7,000 people across nearly 550 sites in the UK and from its headquarters in York. The group has diversified and now includes pet cremation services, an online retailer, a small animal veterinary nursing school, an equine nursing school, laboratories and a locum agency. It first expanded into mainland Europe in 2019 with the acquisition of practices in Italy.