Recruitment specialists boost IT team
Planning permission granted for housing development near Louth
Half of all firms say cost of borrowing is having a negative impact
- 46% of firms overall said it was having a negative impact.
- 9% said it was having a positive impact.
- 45% said they were not directly impacted.
- The business-to-consumer sector (such as retailers and hospitality firms) are far more likely to report negative impacts, rising to 61%.
Bluecube names new non-exec director
Wilkin Chapman welcomes ten new trainee solicitors
Bringing together service leavers at the Gen Dit Network event
Incoming tenant could spark 100 jobs at new business park in Beverley
The owners of a new Beverley business park are confident the £10m development could create up to 100 jobs having secured a prestigious national tenant and fielded a huge number of enquiries from a wide range of businesses.
Capital Park, a modern 80,000sqft development within the Grovehill Industrial Estate, is a speculative industrial development that has been designed by Brooklands Property Holdings Ltd to meet market demand. The site recently welcomed the arrival of national brand Euro Car Parts on a ten-year lease and two local SMEs are also moving in to occupy Units 7a and 7g during September. Already home to Cumberland Comms, a local telecommunications infrastructure company, the remaining units are attracting a buzz of enquiries, from well-known national names and local SMEs. Brooklands Property Holdings CEO Debbie Barbor said: “There is a massive shortage of hybrid units like this available in the Beverley area, so we expect the development to prove very popular. The site has been developed to align with the increased demand for high-quality semi-industrial spaces. “We are obviously thrilled to have secured such a well-known national name like Euro Car Parts and our projections indicate that the development could create at least 100 new full-time jobs, which is a great boost for the local labour market.”Video games label sees record revenue while pre-tax profits slide
The CEO of Team17, the Yorkshire-based video games label, is “pleased with the group’s first half performance” as strong growth delivered record revenue levels.
According to unaudited results for the six months ended 30 June 2023, revenues increased 31% to £69.7m, up from £53.2m in the same period of 2022, driven by a diversified portfolio of games, apps and strong new release profile.
Profit before tax, however, slipped at the business, to £8.1m, decreasing from £11.2m in H1 2022.
Debbie Bestwick MBE, CEO of Team17, said: “We are pleased with the group’s first half performance, with strong growth delivering record revenue levels, against a backdrop of one of the most competitive years for high quality launches and deep peer discounting that I can remember.
“The strength of our results illustrates the success of our diverse portfolio strategy, expertise in lifecycle management and franchise building, disciplined approach to discounting, and the tireless commitment of our people across the group.
“We are mindful that the gaming environment remains highly competitive, and we continuously review cost efficiencies to ensure we have the right balance between internal and outsourced resources in our service areas. We believe that this will enable us to remain agile and cost effective to deliver the best results for our partners and stakeholders over future years.
“astragon and StoryToys continue to deliver strong revenue growth, high quality content and synergy opportunities. In the current environment, I believe our strong balance sheet and M&A track record puts us in an excellent position to pursue further opportunities which can support our strategy of enhancing the group’s reach across genres, platforms, and customer demographics.
“We are being presented with more new content opportunities of quality than ever before and will remain as highly disciplined in our approach as ever to ensure we maintain our track record of delivering exceptional games to our customers.
“I have been impressed with the passion, insight, and leadership that Steve Bell has already brought to the group in his role as CEO designate and am delighted with Frank Sagnier’s appointment as Chair designate. So finally, as I enter my last few months as CEO, I can confidently say I have never been more excited about the group’s leadership and future.”