Leeds period building welcomes five new firms following major refurbishment
Five businesses spanning accountancy to healthcare can now call No.1 King Street in the heart of Leeds city centre their home, after the Victorian building underwent a significant refurbishment.
Strategic property and construction advisors, Fox Lloyd Jones and joint agents WSB have received high levels of interest in the contemporary workspace spanning 14,118 sq ft in total across lower ground, ground and three upper floors, situated in the professional district of Leeds on the corner of King Street and Wellington Street.
The five firms acquiring offices to take advantage of its prominent location and open plan working environment are chartered surveyors Walker Singleton, Aysgarth Chartered Accountants, engineering consultants Joseph Gallagher, sleep aid app developer Sleepiest, and law firm Ison Harrison Solicitors, who have expanded from the neighbouring building.
No.1 King Street has a rich historical legacy, with the building originally a textile warehouse before transitioning in the mid-20th century to accommodate a broader mix of businesses. The major refurbishment works recently completed include enhancing the façade, the introduction of a new main entrance and a Category A refurbishment of the office suites.
Matthew Welsh, owner of No. 1 King Steet, said: “We’re delighted to welcome five businesses of this calibre to No. 1 King Street, following the hard work and investment that has gone into completing a refurbishment on this scale.
“We feel we’ve created a vibrant working space that will immediately meet their needs, whether that’s needing to accommodate increased staff levels due to recent expansion through to accelerating growth plans in a more central location in Leeds.”
Harry Finney, associate director at Fox Lloyd Jones, said: “The number of deals transacted in such a short space of time is testament to the quality of the refurbishment.
“The building is perfectly positioned on the corner of King Street and Wellington Street with demand for high quality workspace particularly strong in this area of the city and we are delighted to have the building now 90% let. We look forward to seeing all five businesses thrive in their new working environment.”
Cosmetic Repair Company sold to property services group
Sam Moore, Managing Director of Cosmetic Repair Company (Northern) (CRC), envisages a bright future as part of integrated property services company MA Group after selling 76% of the business’s share capital.
Based in Halifax, CRC, which began trading in 2016, provides a wide range of specialist property cosmetic services including damage repairs; brick and stone tinting and cleaning; UPVC, wood and aluminium spraying; and mastic sealant services.
Operating in sectors which include housebuilding, general construction, commercial and retail buildings, and hotel and leisure, CRC will enhance the range of products and services MA Group can provide to insurers and their intermediaries, housebuilders, housing associations and build-to-rent specialists.
KBS Corporate was instructed on a sale of the company in line with Sam’s aspirational plans to push major growth, and for CRC to become a leading operator in its industry throughout the UK.
In a speedily executed transaction, led by Jacob Lord, KBS Corporate Deal Executive, a sale to MA Group was facilitated – and Sam is remaining involved in the business with strikingly positive plans to continue scaling and developing CRC.
“I’m really looking forward to joining the MA Group team and to fulfilling the growth plans for CRC,” said Sam. “The company will now have the infrastructure to execute services for our clients at a higher level with the assistance and help of a wider group.
“These are very encouraging times for CRC and I’m excited about what the future will bring as part of the MA Group. I’d like to thank everyone who has helped with the transition and we are all looking forward to building on the success so far.”
MA Group, based in Aylesbury, has been trading since 1996 and is among the UK’s market leaders in its field, managing over 200 suppliers (building contractors, surveyors, specialist contractors and disaster restoration branches) nationwide, project-managing tens of thousands of claims each year.
Paul Hayman, CEO of MA Group, said: “I’m delighted that we have completed this acquisition, bringing more scale, technical expertise and excellence to MA Group.
“Our continued expansion into surface repairs complements our existing services and will bring more benefits to our clients and their customers.
“We are excited to build a nationwide surface-repair solution in a fragmented industry. We look forward to bringing the same market-leading changes to the surface repair industry that we have brought to the restoration industry.”
Jacob Lord praised the work of his KBS Corporate colleagues Carmen Wong (Document Writer) and Julia Gorska (Research Analyst) for helping to enable the transaction to be completed within six weeks of the initial Heads of Terms being signed.
“The marketing documents were well prepared by Carmen and the buyer introduced by Julia,” explained Jacob. “MA Group were among the first buyers introduced as a result of Julia’s research efforts. We were quickly into negotiations following positive meetings.
“MA Group were very impressed by what Sam had built. Sam’s ongoing role in the business was of vital interest as they recognised his talent and drive early in the discussions.
“Sam has been a pleasure to deal with from start to finish – a very motivated and driven individual, which was ideal in this collaborative process. The buyers were also very professional, moved quickly, had the right people involved and focused on the aspects of the deal that mattered.”
Jacob also expressed thanks to Richard Coulthard of the Ison Harrison law firm for the “exceptional job” he did in maintaining Sam’s best interests throughout the transaction.
Leeds co-living scheme given the green light
Leeds City Council has approved Watkin Jones’ plans for the conversion and re-purposing of Headrow House at 42 The Headrow, into 230 co-living homes.
Headrow House is a vacant office block in the centre of Leeds. When completed in 2028, the project will deliver a supported communal living environment, offering managed homes for city centre living and will help to address the demand for rental accommodation that continues to outstrip supply in Leeds.
The project is a prime opportunity to restore and repurpose an historic building and contribute to the regeneration of vacant buildings in the city centre. The scheme will retain retail units on the ground floor, helping to support local residents and businesses and Headrow House will only be a short walk from popular restaurants and shopping centres.
The co-living design supports the Group’s ESG strategy, emphasising reuse and energy efficiency, and attaining BREEAM ‘Excellent’ certification. The retrofit enhances thermal efficiency and air permeability, with electric heating for net zero carbon, energy-efficient windows, and air source heat pumps.
Photovoltaic panels, efficient lighting, and energy-saving controls will optimise performance. By reusing the building, the scheme will reduce embodied carbon by 78% and Watkin Jones will use sustainable landscaping throughout.
Importantly, the design will serve evolving residents’ needs and will include many social benefits. Headrow House will offer its occupiers a gym, shared kitchens and dining areas, a cinema, co-working lounge, library, laundry room and bicycle parking in addition to personal storage rooms.
Iain Smith, Planning Director at Watkin Jones, said: “We are very excited to announce planning approval for Headrow House, our first co-living project in Leeds. Ranked the third largest city by population in the UK, Leeds is a vital commercial and residential centre, and we are committed to providing high-quality, sustainable co-living accommodation that will help to address the on-going demand for rental homes in Leeds city centre.
“We look forward to continuing our collaborative efforts with Leeds City Council and our local communities to address this growing demand, while also supporting our ESG targets as a business.”
Austrian Ambassador visits Siemens’ Goole rail village
Austrian Ambassador to the UK Bernhard Wrabetz has visited Siemens Mobility’s state-of-the-art Rail Village in Goole.
He said he was looking forward to riding on the London Underground’s new Piccadilly Line trains being built there, 80% of which were being built there, with the first 20% coming from Vienna.
He said: “Thank you for the opportunity to visit the Siemens Mobility manufacturing plant and supply chain Rail Village in Goole where the new fleet of London Underground Piccadilly line trains are being built. The first of these trains were manufactured and tested by Siemens in Vienna, with the remainder to be completed at Siemens’ new facility here in Goole.
“I am looking forward to riding on the new trains, knowing that the cooperation between the Siemens teams in Austria and the UK are making journeys on the London Underground smoother and more energy efficient.”
Sambit Banerjee, Joint CEO at Siemens Mobility UK & Ireland, said: “We were incredibly honoured to welcome the Austrian Ambassador, His Excellency Bernhard Wrabetz, to our Rail Village in Goole. It was fantastic to see his enthusiasm for our state-of-the-art manufacturing facility, where 80% of the new Piccadilly line trains will be assembled, complimenting the first 20% that are being produced in Vienna.
“It was a pleasure to share the progress of the Goole Rail Village with the Ambassador and demonstrate how our facility continues to set the standards for British train manufacturing. We are proud to contribute to Britain’s rail network with the support of our skilled team, both here in Goole and across the UK. This visit provided an excellent opportunity to showcase our commitment to the rail industry, our mission to transform rail travel and transport as well as the substantial economic benefits our investment will bring to the East Riding of Yorkshire.”
The visit comes only weeks after the official opening of the Goole Train Manufacturing Facility on 3 October. The Ambassador was taken on an in-depth tour of the site where Siemens Mobility recently announced a new investment of up to £40 million, in addition to the initial investment of up to £200 million in the Goole Rail Village.
South Holland celebrates business successes
More than 250 businesspeople gathered at Springfields Conference and Events Centre in Spalding for this year’s South Holland Business Awards.
Lincolnshire Chamber of Commerce Chief Exec Simon Beardsley said: “South Holland is brimming with talent and exceptional service, and these awards are a chance to highlight and celebrate the outstanding work being done here. We are proud to offer a platform for businesses to showcase their achievements and success.
“A huge thank you to our headline sponsor, FreshLink Bulk, for their invaluable support. This event wouldn’t have been possible without the generosity of all our sponsors, and we’re excited to continue this journey with you in the future.”
TED Talk speaker and creator of the ‘Share a Coke’ campaign, Richard Askam, hosted the event, guiding guests through the categories and revealing the winners.
Award winners:
Business of the Year – sponsored by Woodhouse Farm Hotel & Spa: PSP IT
Businessperson of the Year – sponsored by South Holland District Council: Reinhard Biehler
Business Innovation of the Year – sponsored by Lincolnshire Field Products: Contained Technologies Ltd
Excellence in Customer Care – sponsored by Calthrops Solicitors LLP: The Woodlands Hotel
Food, Drink and Farming Business of the Year – S.E.L to the World (HM Government, Midlands Engine and The South & East Lincolnshire Councils Partnership): Worldwide Fruit
Small Business of the Year – sponsored by Charmed Interiors: Baytree Owl and Wildlife Centre
Supporting the Community – sponsored by Lightspeed Broadband: PSP IT
Young Achiever of the Year – sponsored by the University Academy Holbeach: Wiktoria Koscielniak & Daniel Nieuwenhuizen
Lifetime Achievement: David Norton
Sponsors were: FreshLinc Bulk, Charmed Interiors, Woodhouse Farm Hotel & Spa, South Holland District Council, S.E.L to the World (HM Government, Midlands Engine and The South & East Lincolnshire Councils Partnership), University Academy Holbeach, Lincolnshire Field Products, Calthrops Solicitors, Americold, Seagate Homes, Lightspeed Broadband, Quince Contracting Services, Davis-Wright Haulage Ltd.
Trio of Lincolnshire firms named amongst nation’s ‘most impressive’
Three companies from Lincolnshire have been named amongst the nation’s 100 most impressive small firms by the Small Business Saturday UK campaign, kicking off a wider call to encourage public support for small businesses.
They are Business Bollox, Reuseabox, and Stewton Stars Hideaway. Business Bollox is a specialist marketing strategy consultancy for B2B SMEs, founded by Emma Easton in 2020 after Covid redundancy. It helps small business create solid strategic foundations, while also mentoring for early career marketers, lecturing and keynote presentations.
Reuseabox is a B Corp certified circular economy packaging company that encourages businesses to reuse cardboard boxes because it is better for the planet and your bottom line. The company was founded by Jack Good in 2015 shortly after he left school and in just 9 years with key investment in local people and becoming customer-centric in its approach, the company has rapidly grown into a multi-million-pound company.
Stewton Stars Hideaway is a dream turned reality for female owner and founder – Jessica Ramshaw. Located in the pretty green hills of the Lincolnshire Wolds, Stewton Stars Hideaway offers a tranquil countryside retreat for couples and families who want to get away from it all and recharge amidst natures beauty.
Following a nationwide search, all three firms have been selected as part of this year’s SmallBiz100 line-up, which showcases 100 of the most impressive independent businesses from across the nation as part of the count-down to Small Business Saturday on 7th December.
Running in the UK for over a decade, Small Business Saturday is the UK’s most successful small business campaign, which takes place each year on the first weekend in December, celebrating small businesses and encouraging consumers to ‘shop local’ and to support businesses in their communities.
New financial offering will help foreign firms to buy British
UK Export Finance has introduced a new guarantee product to help British firms secure international contracts for engineering, design and technical services.
The Early Project Services Guarantee is now available to overseas buyers who choose to use British services firms to scope and design their projects in the planning phase.
The guarantee helps overseas buyers of UK services to access private finance by assuring lenders that they will receive payment, making the UK offer more attractive.
Once the project services contract is complete, there is potential for the guaranteed loan to be refinanced alongside financing the wider construction project. The prospect of subsequent finance throughout the life-cycle of projects incentivises overseas buyers to select UK services firms for the early-stage work.
Carl Williamson, Director of SME and Trade Finance, UK Export Finance, said: “This new export finance support will give international buyers even more incentive to tap into UK design and engineering expertise. Year-on-year growth in service exports shows that the demand is there for this country’s professional and technical services.
“The development of our Early Project Services Guarantee is a clear signal of UKEF’s commitment to helping the services sector to maintain its competitive edge and international renown.”
The EPSG addresses gaps in market provision for financing the preparatory stages of major projects. It also contributes towards UKEF’s objective of helping a broad range of businesses to export, driving growth across all regions of the UK.Homebase operators go into administration; The Range steps in
Homebase brand operators HHGL Limited and Hampden Group Limited have gone into administration with Gavin Park, Gavin Maher, and Adele Macleod of Teneo Financial Advisory Limited being appointed as Joint Administrators. Homebase has c.3600 employees and 133 stores across the UK.
Immediately after the appointment they completed a sale of up to 70 of the company’s 133 UK stores, the brand and IP to CDS (Superstores International), which trades as The Range and wilko. That move is expected to secure as many as 1,600 of the company’s 3,600 employees’ jobs.
Homebase stores will continue to trade until handed over to CDS. This follows the sale of 11 UK stores to Sainsbury’s, with completion expected on a further three. The remaining 49 UK stores will continue to trade as normal whilst the Joint Administrators continue discussions with interested parties.
There will not be any immediate redundancies whilst the Administrators assess the position of the Companies. All employee wages and benefits will be paid for their period of employment. Customer orders will still be fulfilled as far as possible, and arrangements will be put in place to allow gift vouchers to be used.
Let’s hear it for the guys: Northern partners with Andy’s Man Club
Unveiling its three-year strategy in 2023, the operator said it was committed to making men feel welcome and giving them a sense of belonging.
Train operator Northern has formed a partnership with men’s suicide prevention charity Andy’s Man Club to raise the profile of men’s mental health on their trains and at Northern-managed stations.
The company has also launched a buddy scheme to promote peer-to-peer support for fathers, and will be introducing neonatal, fertility and pregnancy-loss leave with pay for male colleagues.
Lisa Leighton, people director at Northern, said: “As well as working hard to encourage more women and people from a wider range of ethnicities into the industry, it’s really important that we look after the large number of men that are already here.
“Many of the men at Northern have given a significant number of years’ service to the railway – around 17 years on average.
“The purpose of putting them front and centre of our Equlity, Diversity, and Inclusion strategy is to ensure men feel welcome and included in the changes that we’re making and that they understand that we care about their health, wellbeing and future.
“We want our male colleagues to feel confident acting as allies, challenging any inappropriate behaviour and using their voice to support underrepresented groups.”
The train operator says it knows it has a long way to go when it comes to the diversity of its workforce. In addition to the work of its EDI strategy, Northern is actively working to attract more people from the LGBTQIA+ and neurodiverse communities, as well as those with disabilities, into the business.
Leighton added: “We recognise that the challenge in front of us is huge and we want to do more than pay lip service to making things better.
“Our EDI strategy is all about what we think we can do in the next three years, before reflecting on our progress and deciding what our next equality, diversity and inclusion focus should be.”
Permanent placements in Yorkshire fell rapidly in October
The latest KPMG and REC, UK Report on Jobs: North of England survey saw recruitment trends diverge again in October. There was a steeper reduction in permanent staff appointments, while temp billings rose fractionally in October.
There were signs that staff supply continued to outweigh demand. Staff availability rose substantially again, while vacancy growth remained subdued by historical standards. With that, October signalled only marginal increases in pay for both types of staff across the North of England.
The KPMG and REC, UK Report on Jobs: North of England is compiled by S&P Global from responses to questionnaires sent to around 150 recruitment and employment consultancies in the North of England.
Sharpest decline in permanent staff appointments since June
As has been the case in each month since July 2023, the number of staff placed into permanent roles in the North of England declined in October. The rate of contraction was not only marked, but the quickest seen for four months. Recruiters in the region blamed caution surrounding the impending Autumn Budget and fewer job vacancies. The drop in permanent hiring activity was widespread across all four monitored English regions. Only London recorded a slower decrease than that seen locally.
After just a brief period of decline in September, the seasonally adjusted Temporary Billings Index posted above the crucial 50.0 mark in October, to signal a rise in billings received from the employment of temp staff in the North of England. Though the rate of expansion was only fractional, it compared favourably against the UK average, where a contraction was registered. Only the Midlands recorded a faster increase in temp billings than in the North of England.
There were only fractional increases in job vacancies for both permanent and temporary positions across the North of England in October.
October survey data showed that although permanent vacancy growth was sustained for an eighth successive month, it was indeed the slowest in the sequence. Though only fractional, temp vacancy growth rebounded after a month of decline in September.
Permanent labour supply rises at softer, but still substantial rate
There was a further sharp rise in permanent staff availability across the North of England in October, thereby extending the current run of expansion to ten months. According to anecdotal evidence, labour supply was pushed up due to subdued hiring conditions and increased redundancies. Although the rate of growth was the slowest seen since February, it remained faster than the UK average.
October survey data pointed to a sustained increase in the availability of workers for short-term roles across the North of England. As well as steep, the rate of expansion accelerated to the strongest for nearly four years. The local increase in temp staff supply was largely in line with the UK-wide trend in October.
Marginal rise in permanent starting salaries in October
Recruitment consultancies based in the North of England recorded a further rise in salaries awarded to new permanent joiners, as has been the case since March 2021. The rate of inflation picked up slightly from September’s three-and-a-half year low, but was nevertheless only marginal.
Though the North of England was the only monitored region to see starting salary pressures build, the upturn remained softer than the UK average.
The seasonally adjusted Temporary Wages Index posted above the neutral 50.0 mark in October, to signal an eleventh consecutive monthly increase in temp wage rates across the North of England. That said, the rate of inflation was the softest in the aforementioned sequence and slightly slower than that seen at the UK level.
Phil Murden, Leeds Office Senior Partner at KPMG UK, said: “Permanent hires have been declining for over a year, and the speed of contraction in October does paint some concern in the North.
“Many firms in the region will have delayed their recruitment plans in advance of the Autumn Budget, which is likely to have prompted pause for thought.
“The increase in National Insurance announced by the Chancellor provides a further cost consideration for management teams. Nonetheless we hope to see more Yorkshire firms now looking to enact their recruitment plans for 2025 benefiting from more certainty and clarity.”
Neil Carberry, REC Chief Executive, said: “These figures are a timely reminder that demand from employers for new staff has weakened since the election – though the overall picture in the UK remains resilient by comparison to pre-pandemic.
“There is a positive sign for The North with temp vacancy growth rebounding after a month of decline in September and an increase in permanent vacancies. But things now stand in the balance – firms need to be persuaded to invest, with recent changes to NI thresholds, the minimum wage and prospective changes to employment law all causing concern.
“Firms will be looking for the Government to deliver a clear, stable growth plan and detailed regulatory changes that enable firms rather than put them off over the next few months. Temporary work in particular is a fantastic way of helping people take steps out of inactivity, and the threat of new employment laws undermining opportunities for workers must be addressed.
“The very marginal increase in salaries in October and weakest rise in temp wages for nearly a year in the North suggests the Bank of England should not step back from further cuts to interest rates, which will also boost business confidence. And data on shortage sectors across the UK is a timely reminder that delivering on a skill strategy that is aligned to business needs is one of the biggest things Government and businesses could achieve working together.”