Another 12 months of sustainable growth for Zebra Print Group
Media firm expands into Leeds’ St James House
LCF Law strengthens real estate and corporate teams with key appointments
Home improvement specialist marks 20 years with £100m vision
Fortem wins contract to deliver major retrofit programme for Lincolnshire Housing Partnership
SmartSearch expands market position with acquisition of Credas
SmartSearch has acquired identity verification provider Credas Technologies Ltd to strengthen its foothold in the UK’s digital compliance sector. The deal, pending regulatory approval, brings together two leading players in Know Your Customer (KYC) and Anti-Money Laundering (AML) technology.
Credas serves more than 1,000 clients across the legal and property sectors, offering digital identity and onboarding solutions. SmartSearch currently works with over 7,500 regulated firms and has reported consistent double-digit annual growth since 2013.
The acquisition broadens SmartSearch’s technology capabilities and client base, aligning with its expansion plans following private equity backing from Triple Private Equity in 2024. The move positions the company to meet rising demand for automated compliance tools as financial crime regulation continues to tighten across the UK.
Phil Cotter, CEO, SmartSearch, comments: “Regulated firms are under pressure to meet rising KYC and AML demands while delivering seamless onboarding. By joining forces with Credas, we combine our strengths to deliver unmatched innovation and service. Our clients will see immediate benefits as we continue to set the standard for digital compliance.”
Both organisations will continue to operate under their established brands while combining technical and operational expertise to enhance efficiency and innovation across digital verification and risk management.
Business confidence returns as small firms stabilise external finance use
Small and medium-sized enterprises (SMEs) across the UK have maintained steady use of external finance in 2024, according to the British Business Bank’s latest Nations and Regions Tracker. The report shows that 45% of smaller firms accessed external finance during the year, a marginal drop of one percentage point compared to 2023, following the sharp rebound seen the previous year.
Regional performance was mixed. Northern Ireland recorded the highest proportion of firms using finance at 52%, while the North West and East of England saw modest increases. The East Midlands, North East, and Wales registered notable declines. Credit cards remained the most common form of borrowing, followed by overdrafts and leasing or hire purchase arrangements.
The appetite for growth funding has improved. The proportion of businesses open to using finance rose to 38%, with the West Midlands showing the largest regional rise. Despite this, nearly a fifth of firms still expect difficulties in obtaining finance.
Equity investment fell by 2.5% to £10.8bn, with deal activity returning to pre-pandemic levels. However, the North West, South West, and East of England showed stronger investment intensity, supported by active venture capital presence and local innovation hubs.
During 2024/25, the British Business Bank directed 84% of its new finance outside London, supporting 22,100 jobs and contributing an estimated £4.7bn in additional GVA. The Bank’s financial capacity has expanded to £25.6bn, with new regional investment funds announced for the East and South East, alongside further backing for angel networks and innovation-led businesses.
Jet2 share scheme delivers £58m windfall for employees
Thousands of Jet2 employees have received payouts totalling more than £58 million following the maturity of the company’s first ShareSave scheme. The programme, launched in August 2022, allowed staff to buy shares at a discounted rate of £7.66 each.
When the scheme matured on 1 October, participants benefited from an 84 per cent increase in Jet2’s share price. The return on staff investments exceeded £26 million. Employees who contributed the average £227 a month over three years gained around £6,900, while those investing the maximum £500 monthly earned close to £15,300.
More than 5,700 workers took part in the first ShareSave round. The company has since expanded the initiative, with over 8,900 staff now enrolled across three subsequent schemes. Each new plan enables participants to buy shares at a 20 per cent discount to the market price at launch.
The Leeds-headquartered leisure travel group said the result reflects the company’s ongoing growth and employee commitment, marking one of the largest collective share-based payouts in the UK travel sector this year.
Leeds takes centre stage in UK’s mid-market growth
Leeds has been named among the UK’s leading regions for mid-market business growth, according to new research highlighting a shift in innovation beyond London. The study, conducted by NatWest in partnership with Beauhurst, ranked the top 25 areas driving expansion among firms with annual revenues between £25 million and £500 million.
Leeds stood out for its growing strength in health technology and its established financial services sector. Its proximity to NHS Digital and leading hospitals has fostered a strong ecosystem for medical innovation, attracting both investors and skilled professionals. This dual focus on finance and health tech has positioned the city as a major player in the UK’s evolving business landscape.
The report also recognised Manchester and Oxford as other major centres of growth, while smaller areas such as Slough and Telford were noted for their emerging innovation clusters. Swindon featured prominently in renewable energy and clean technology activity.
With mid-market companies accounting for around a quarter of national employment and 30% of economic output, the research points to Leeds as a key driver of regional resilience and one of the cities shaping the UK’s next phase of business growth.
Yorkshire Water fines redirected to restore regional waterways
Fines totalling £1.6 million imposed on Yorkshire Water for pollution incidents are being reinvested into 12 environmental projects across the region. The funding, distributed through the Water Restoration Fund, will support schemes tackling river pollution, habitat loss, and long-term ecological damage.
The penalties relate to incidents recorded between April 2022 and October 2023 and form part of a wider national effort to reinvest water company fines into environmental recovery. The projects in Yorkshire include work to prevent further contamination of Ashfoldside Beck and the River Nidd, the creation of a pollution reduction plan with tenant farmers on the Bolton Abbey Estate, and restoration work at the Derwent Site of Special Scientific Interest to reconnect historical river meanders.
In total, more than £10 million in fines from several water companies, including Thames Water, South West Water, Anglian Water, United Utilities, and Yorkshire Water, has been allocated to 51 initiatives across England. These aim to reduce water pollution, manage flood risk, and enhance biodiversity.
In Yorkshire, allocations include £76,570.85 for Dewsbury Country Park, £81,730 for the Ashfoldside Metal Mines Project, £249,445 for the Water in the Wharfe scheme, £130,060 for studies on the Foss and Esk rivers, £222,960 for Swaledale and Wensleydale Environmental Farmers, and £149,291 for work at Hornsea Mere. The funding was released by the Rural Payments Agency.