European private equity firm to invest in Hippo Digital
Development of derelict Bradford site to kickstart key area of future regeneration
Plans submitted to redevelop historic Penistone coal drops
A proposal has been submitted to transform Penistone’s derelict grade II-listed coal drops, signal house, and former railway siding into a mixed-use development featuring retail, office space, hospitality venues, and business units.
Developer Fairbank Investments plans to restore the site’s historic coal drop arches for retail use while adding over 4,000 sq ft of restaurant and bar space with an outdoor terrace connected to the Trans-Pennine Trail. The project also includes a 9,000 sq ft office block and four hybrid business units designed for flexible office or light industrial use. The signal house will be repurposed while maintaining its historical character.
Fairbank Investments, known for redeveloping the former David Brown factory site into a business park, aims to create economic opportunities and support local businesses. The planning proposal has been developed in consultation with local stakeholders, focusing on preserving the site’s heritage while integrating modern facilities.
Xeinadin strengthens northern presence with two acquisitions
Professional services firm Xeinadin has acquired two accountancy practices, Barnsley-based Gibson Booth Ltd and King Hope, which operates in Northallerton, Darlington, and Hartlepool.
The acquisition expands Xeinadin’s network to 16 offices in northern England. Gibson Booth will now operate as Xeinadin Barnsley, while King Hope integrates into the firm’s regional structure. Gibson Booth’s Huddersfield office and its insolvency division in Barnsley remain independent.
The move enhances Xeinadin’s capabilities in agriculture, charities, and education sectors while providing acquired firms access to expanded resources, centralised support, and a broader UK and Ireland network.
Leadership from both firms cited the benefits of joining a larger organisation while continuing to serve local businesses.
Labour announces employment law reforms, including zero-hour contract ban
The UK Government has proposed changes to employment laws, including a ban on zero-hour contracts that will also apply to agency workers. The reforms, part of Labour’s Employment Rights Bill, aim to strengthen worker protections and regulate umbrella companies.
Business Secretary Jonathan Reynolds stated that agency workers must be included in the zero-hour contract ban to prevent loopholes. The Government believes that all workers should have contracts reflecting their regular hours.
Planned changes also include revisions to collective redundancy rules, which could extend the maximum protective award from 90 to 180 days if employers fail to meet consultation obligations.
Labour has also updated trade union regulations to align with modern work practices. Proposed measures include extending the validity of industrial action mandates from six months to a year and requiring a 10-day notice period before strikes.
The Government says these reforms aim to balance the interests of workers, businesses, and the public.
First Choice moves 80 staff to new Middlesbrough office
First Choice, part of the TUI Group, has relocated 80 staff to a new 4,500 sq ft office in Middlesbrough’s Six Centre Square. The team includes web development, contact centre, and sales and marketing staff from First Choice, Holiday Hypermarket, and Holidays for Heroes brands.
Ashall Projects developed the Grade A office space with £9.7 million in funding from the Tees Valley Combined Authority and a £2 million contribution from Middlesbrough Council’s Towns Fund.
Six Centre Square, which also houses AXA UK’s 500-strong workforce, is part of a broader effort to attract businesses and investment to Middlesbrough. Local officials highlighted the move as a sign of confidence in the area’s economic potential and improved infrastructure.
First Choice’s leadership cited the office’s modern facilities, central location, and transport links as key factors in the decision, reinforcing the company’s long-standing presence in the North East.
Tech-driven billboard operator 75Media secures investment for expansion
Outdoor advertising firm 75Media has secured a seven-figure investment from NPIF II—Mercia Equity Finance to expand its AI-driven platform and expand internationally.
Since launching in 2020 with 140 billboard sites and two employees, the Leeds-based company has scaled rapidly, operating more than 1,200 classic and digital billboard sites across the UK. It recently acquired London-based iQ OOH and reported a 454% revenue increase last year.
The investment will accelerate the development of its AI-powered BOB (Billboard Optioning & Booking) system, designed to streamline ad placements. It will also support expansion into the US, Scandinavia, and the Middle East.
Alongside the funding, 75Media has restructured its leadership team. Founder Paul Inman is now CEO, Joel Turner has been promoted to managing director, and Joe Lawson is the new commercial director.
Mercia Ventures, which led the investment, highlighted 75Media’s ability to combine asset growth with technology-driven sales, positioning it as a disruptor in the outdoor advertising market.
Bakkavor posts strong results but absorbs UK restructuring costs
Bakkavor Group reported a 4% revenue increase to £2.29 billion in 2024, with adjusted operating profit up 20.5% to £113.6 million. Despite overall growth, operating profit dropped to £93.4 million due to £20.2 million in exceptional costs tied to UK site closures.
The company credited its performance to volume growth across all markets and a focus on efficiency. Bakkavor aims to continue margin improvements in 2025, targeting a 6% profitability goal.
As part of a restructuring plan announced in late 2022, Bakkavor closed its Salads site in Sutton Bridge, Lincolnshire, and a Desserts facility in Leicester, affecting approximately 900 jobs. The company completed the transition in early 2023 to streamline operations.
Kingston Engineering invests in state-of-the-art Hwacheon Hi-Tech 200B turning centre
Kingston Engineering Co. (Hull) Limited Pennington Street, Hull. East Yorkshire HU8 7LD email: sales@kingston-engineering.co.uk Web: www.kingston-engineering.co.uk
Gi Group advances diversity strategy with employee-led initiatives
Recruitment firm Gi Group is expanding its diversity and inclusion efforts across its 26 branches and 61 sites in the UK. The company has implemented “Let’s Talk” sessions—employee-driven discussions covering neurodiversity, racial allyship, women in leadership, and men’s mental health.
These initiatives aim to create an open, judgement-free space for employees to share experiences and perspectives, reinforcing the company’s commitment to inclusivity. With more than 500 employees, the programme is part of Gi Group’s broader strategy to embed diversity into workplace culture.
The company’s approach has earned it three nominations at the upcoming British Diversity Awards. However, leadership emphasises that the focus remains on driving long-term, meaningful change for employees, clients, and candidates.