Trio of industrial assets acquired by joint venture
Sanderson Weatherall swoops for Humber-based firm of Chartered Surveyors
Carter Towler strengthens valuations team with experienced surveyor
Roann invests £300k in Wakefield factory
Everything is ‘Rosie’ in law firm’s expanded real estate team
SIG plc faces widening losses amid challenging market conditions
SIG plc, a key player in the building supplies sector, has reported a widening of its pre-tax losses to £44.8 million for 2024, up from £31.9 million the previous year. The Sheffield-based firm saw a 4% drop in revenues, totaling £2.61 billion. Despite these figures, SIG describes its performance as “robust,” with positive momentum in the year’s second half.
The company attributes its losses to harsh trading conditions, particularly in its French and German markets. However, growth in Ireland and its UK roofing division provided some relief. SIG is focusing on cost-saving measures, including eliminating 430 jobs and closing 17 underperforming sites. These actions are part of its broader strategy to reshape operations, focusing on future profitability as market conditions improve.
SIG’s restructuring efforts are guided by its “GEMS” strategy, which aims to improve sales mix, boost commercial performance, and enhance operational efficiency. The company’s goal is to achieve a 5% medium-term operating margin.
While the company will not issue a dividend for now, SIG has indicated it will consider returning value to shareholders once the financial situation stabilises. The company employs around 6,700 people across its European markets.
Big win for York accountancy firm at the Yorkshire Accountancy Awards 2025
Thomas Coombs, an accountancy firm based in York has been recognised as Independent Firm of the Year at the prestigious Yorkshire Accountancy Awards 2025, solidifying its reputation as a leader in the region’s financial sector.
The firm’s dedication to excellence, innovation, and outstanding client service set it apart from the competition, earning high praise from the judging panel: “Thomas Coombs goes beyond the ordinary, distinguishing itself with forward-thinking approaches and exceptional service.”
The awards ceremony, held at New Dock Hall in Leeds, brought together top professionals from across Yorkshire to celebrate the industry’s finest.
In addition to winning Independent Firm of the Year, Thomas Coombs was also recognised as a finalist in two other highly competitive categories – Audit Service Award and Team of the Year.
This recognition highlights the firm’s strength across multiple areas of accountancy and its dedication to maintaining the highest industry standards.
Thomas Bond, Director at Thomas Coombs expressed pride in the firm’s success, saying: “Winning Independent Firm of the Year is an incredible achievement for our team, especially given the high calibre of the other firms nominated in this category.
“I am immensely proud of what we have accomplished in the past year and delighted that I can play a role in the development of our practice. This award reflects the dedication, expertise, and client-first mindset that drive everything we do at Thomas Coombs.
“I am grateful to the judges for recognising our ability to go beyond the ordinary for our clients across Yorkshire and look forward to continuing to do so as we continue to grow as a practice.
“We would also like to congratulate all the other firms that were finalists or took home an award – it was fantastic to celebrate the evening with best of the best.”
University of Lincoln leads Westminster Skills and Employment Summit on GDF local opportunities
Skywell strengthens presence in Yorkshire with new dealer partnerships
Skywell UK has appointed Any Colour Car in South Yorkshire and YCC Cars in Lancashire as its latest main dealers, strengthening its presence in northern England.
Any Colour Car, based in Barnsley, operates a used car and commercial vehicle business alongside aftersales services. YCC Cars, a top-rated Lancashire dealership, runs a workshop and MOT test centre with trained EV technicians.
Skywell offers the BE11 model and plans to introduce the Skywell Q, Skyhome saloon, and a large panel van for the UK commercial vehicle market over the next 18 months.
As part of a limited-time offer, retail customers purchasing a new Skywell BE11 will receive a free Hypervolt Home 3 Pro charger with installation and £1,000 in public charging credit via the Octopus Electroverse app.
Enfinium pushes forward with carbon capture pilots in Wales and Yorkshire
Enfinium is expanding its carbon capture efforts with two pilot projects at its North Wales and West Yorkshire waste-to-energy plants. By April 2025, the company plans to relocate an existing carbon capture and storage (CCS) pilot from its Ferrybridge-1 facility in Yorkshire to the Parc Adfer site in Flintshire. This will be the only active carbon capture trial in Wales, potentially capturing up to 235,000 tonnes of CO₂ annually.
Kanadevia Inova will handle the installation at Parc Adfer, while a new CCS pilot will be launched at Ferrybridge. The Ferrybridge project, led by UK-based Nuada, will test a vacuum swing process using metal-organic framework (MOF) technology to improve carbon capture efficiency.
Enfinium is investing £1.7 billion in carbon capture technology across its facilities, aiming for net-zero emissions by 2033. The Parc Adfer pilot is also being considered for funding under the UK Government’s Track-1 HyNet Expansion programme, which supports industrial decarbonisation.
The energy-from-waste (EfW) sector remains controversial, with critics arguing that incineration is not a sustainable solution. However, Enfinium maintains that even with national recycling targets met, the UK will still generate millions of tonnes of non-recyclable waste annually. The Climate Change Committee and the Oxford Institute for Energy Studies estimate that EfW could contribute five to eight million tonnes of carbon removals per year by 2050.