Author: Dave Antrobus

The UK business landscape is on the cusp of transformation as Labour takes the helm following a decisive general election victory. Expectations for prompt and substantial action abound.Shevaun Haviland, from the British Chambers of Commerce, stresses the necessity for immediate governmental initiatives to address the economic needs and foster stability in the business environment.A Call for Immediate ActionIn the aftermath of the UK general election, businesses across the nation are reflecting on the implications of a newly elected Labour government. Shevaun Haviland, Director General of the British Chambers of Commerce (BCC), has emphasised the necessity for ‘action from day one.’…

British Engines has reported a notable 9% increase in revenue, reaching a turnover of £141.6 million for the year 2023. This growth is attributed to a surge in demand for its engineering solutions.The engineering group, comprising eight subsidiaries, has credited this success to its strategic entry into new markets and product development initiatives. Throughout the year, the group navigated tough trading conditions, yet emerged with an increased operating profit of £5.7 million.Investment in New EquipmentDuring 2023, British Engines invested £8.9 million in state-of-the-art equipment to enhance its production capabilities. This investment is perceived as a vital step in sustaining the…

This week, notable advancements were made by businesses and organisations in the North East.Celebrations of achievement, community gatherings, and charitable efforts were at the forefront.Jacksons Law Firm’s Award SuccessJacksons Law Firm celebrated a significant triumph at the Northern Law Awards. The firm, which operates from Teesside and Newcastle, was awarded ‘Law Firm of the Year’ in addition to winning the ‘Law Practice Management’ award. Managing Partner Tony Wentworth acknowledged the entire team’s contributions, remarking that, although the awards were collected by a few, they represented the efforts of all 99 members. “There may be only 10 of us on the…

A Black Country-based maintenance company, Deltron Group, has secured a strategic investment from LDC, the private equity division of Lloyds Banking Group. This partnership aims to bolster Deltron’s operational capacity and facilitate new acquisitions within the industry.Strategic Expansion through InvestmentLocated in Kingswinford, Deltron Group specialises in the maintenance and repair of elevators, service lifts, and stairlifts, ensuring safety and extending their operational lifespan. With the undisclosed minority investment from LDC, Deltron is poised to enhance its service offerings and pursue new acquisition opportunities across the sector.In an ever-growing market driven by urbanisation and the demand for efficient transport of people…

My Property Box, a residential estate agency based in Darlington, has gained substantial momentum by securing a seminal investment from BGF.With a stronghold in the North East market, the agency has consistently pursued growth opportunities, marking its influence with strategic acquisitions and expansion initiatives.Founded 12 years ago by Ben Quaintrell, My Property Box has steadily grown to become a notable player in the North East’s residential estate market. With offices in Darlington and Newcastle, the agency caters to both professional and student housing sectors, showcasing strong capabilities in both property lettings and sales.The backing from BGF, an experienced investor, marks…

A significant milestone has been reached at Prologis Park Ryton, where every unit is now occupied. This development highlights the park’s strategic importance in the logistics sector.The last available space has been leased by Furnolic Co., a leading Amazon retailer. This move underscores the company’s growth ambitions in the UK market, adding 166,748 sq ft to its operations.Completion of Letting at Prologis Park RytonThe completion of the tenancy agreements at Prologis Park Ryton marks a significant achievement for the logistics sector in the West Midlands. Adding a substantial 166,748 sq ft of space, Furnolic Co. has consolidated its presence in…

Assura Group’s commitment to supporting the NHS has been reinforced by a successful first quarter. The healthcare property developer, based in Warrington, completed three significant projects, including its largest in-house build to date.Key Developments and AchievementsDuring the initial months of the financial year, Assura Group finalised three major developments. These included a new GP surgery in Shirley, an ambulance hub in Bury St Edmunds, and the expansive Northumbria Health & Care Academy in Cramlington, Northumberland. Such projects highlight the company’s strategic role in enhancing healthcare facilities across the UK.Financial PerformanceAssura’s portfolio now encompasses 612 properties, with an annual rental income…

Broadstone, a prominent financial products consultancy, has inaugurated its latest office in the heart of Birmingham. This expansion signifies the company’s ninth UK establishment and its second in the Midlands, reflecting its commitment to growth in this dynamic region.Situated in Birmingham’s iconic Mailbox, Broadstone’s newest office aims to support the increasing demand for its services, particularly with the influx of professionals relocating from London. The new location underscores Broadstone’s strategic focus on enhancing accessibility and operational efficiency.Strategic Location in BirminghamThe choice of the Mailbox in Birmingham city centre as Broadstone’s new base underscores the firm’s dedication to strategic growth. This…

A historic Victorian school in County Durham has been transformed into modern family homes after a significant investment. Langley Lodge Developments has spearheaded the project to create Oakwood Court, a development that combines historical charm with modern living.Langley Lodge Developments, based in Durham, successfully acquired the disused Croft School from Durham County Council. This acquisition was the foundation for an ambitious transformation that required a six-figure investment. Secured funding was provided by the North East Property Fund, managed by FW Capital and supported by the North East Combined Authority.The project is a testament to the company’s expertise in conservation and…

Fintel, a Huddersfield-based fintech company, has announced its acquisition of Manchester’s Threesixty Services Limited for £14.6 million. This move marks Fintel’s eighth acquisition in the past year, showcasing its ongoing growth and expansion in the UK retail financial services sector.The strategic purchase aims to bolster Fintel’s service offerings to professional intermediaries while providing Threesixty clients with enhanced access to Fintel’s advanced technology platform. Funded by existing resources, the acquisition is expected to strengthen both companies’ positions in the financial market.Fintel’s acquisition of Threesixty solidifies its strategic expansion plan in the financial sector. With this acquisition, Fintel aims to strengthen its…