Author: Scott Dylan

Ogi, a prominent telecoms provider, has secured a crucial £45 million investment from the Cardiff Capital Region. This funding is poised to significantly bolster Ogi’s network expansion throughout key areas.Ogi’s Landmark Financial BoostWales’ leading alternative telecoms provider, Ogi, has secured a significant financial boost amounting to £45 million, courtesy of the Cardiff Capital Region (CCR). This funding is intended to bolster Ogi’s ambitious growth plans across the region. Additionally, Ogi has managed to obtain a substantial equity injection from its majority shareholder, Infracapital. This financial backing underscores the company’s commitment to expanding its full fibre network across the ten local…

A state-of-the-art container storage terminal has been inaugurated at the Port of Liverpool. This development marks a significant step in enhancing the port’s logistics capacities.Maritime Transport leads this venture aiming to improve cargo handling and operational efficiency. The multi-million-pound project showcases the strategic importance of Liverpool in national and international trade, highlighting its role as a key logistics hub.Maritime Transport has unveiled a new container storage terminal at the Port of Liverpool. With a capacity of up to 2,000 TEU and 24/7 operation capabilities, this facility is set to transform cargo storage in the region. Executing this expansion allows Maritime…

UK-based Gymshark is expanding its presence internationally with a new Dubai store.The store will be located in the renowned Dubai Mall, opening by the end of 2024.This expansion follows successful launches in London and at Westfield Stratford City.Partnering with Al Tayer Insignia, Gymshark will enhance its Middle Eastern reach.Dubai’s fitness-friendly culture makes it an ideal location for this new venture.Gymshark, a prominent UK activewear brand, is set to open its first permanent store outside the United Kingdom. The new branch will be situated at Dubai Mall, one of the world’s largest shopping centres, by the end of 2024. This move…

Seasalt has achieved B Corp certification, demonstrating commitment to sustainability and social responsibility.The company scored 100.2, surpassing the minimum requirement by more than 20 points.B Corp status involves a rigorous assessment with over 200 questions spanning governance, workers, environment, community, and customers.CEO Paul Hayes emphasises the ongoing commitment to improvement and impact creation across the business.Founded in 1981, Seasalt now operates over 70 shops and 400 stockists in the UK and Europe.Seasalt, a Cornish clothing brand, has been awarded the prestigious B Corp certification. This recognition underscores the brand’s dedication to maintaining high standards of sustainability and social responsibility. Achieving…

Scaleup North East is driving substantial growth and innovation among businesses in the region.Through tailored support and strategic events, local entrepreneurs are experiencing significant advancements, enhancing their operational and financial outcomes.Scaleup North East offers unique, one-to-one guidance from experienced partners. These partners, having successfully scaled businesses themselves, provide personalised growth strategies. They offer critical insights, set challenges, identify growth opportunities, and help unlock potential, ensuring business owners receive the support they need to thrive.Entrepreneurs can benefit enormously from Scaleup North East’s engaging workshops and events. These gatherings facilitate connections with industry leaders and peers, fostering collaboration and growth. Attendees gain…

Trouva, an independent marketplace, has issued an apology for delayed payments affecting retailers.Retailers involved report months-long delays in receiving payments from Trouva.Trouva partners with over 700 boutiques across Europe and the UK.The delay is attributed to an unforeseen funding issue affecting payment schedules.The company is actively working to resolve these issues and restore normal operations.Trouva, a prominent independent marketplace, has apologised for recent delays in payments to its associated retailers. Retailers reported waiting for months for payments, a situation that has disrupted their operations and caused significant concern.Trouva partners with over 700 boutiques across the UK and Europe. These partnerships…

Oakley Capital has recently sold its majority stake in Ocean Technologies Group (OTG) to Lloyd’s Register, marking a significant transaction in the maritime sector.This sale aligns with OTG’s carrying value as of 31 March 2024, and it’s expected to yield a substantial return to Oakley Capital’s Fund IV.The private equity firm, Oakley Capital, has confirmed the sale of its digital learning platform, Ocean Technologies Group (OTG), to Lloyd’s Register. This transaction, completed for an undisclosed amount, is expected to generate a gross return of approximately 2.7 times the money multiple for Oakley’s Fund IV. The financial outcome reflects the strategic…

Specsavers sustains a £15 million dividend payout despite experiencing profit reductions. The British optical retailer upholds its commitment to shareholders and pursues growth strategies.Financial OverviewSpecsavers has announced a continuation of its £15 million payout to its owners based in Guernsey, despite a decline in profits. The British optician giant maintained the interim dividend to its parent company, Specsavers Optical Group. This dividend remains consistent with the sum allocated in the previous financial period. However, pre-tax profits dropped from £327.7 million to £323.6 million for the year ending 29 February 2024. This is a noticeable reduction from the £449.5 million recorded…

Foot Anstey has taken a bold step by appointing Brian Johnson as its new CFO, signalling a focus on strategic expansion. This appointment is part of the firm’s broader plan to enhance its competitive edge in the legal market.Brian Johnson joins Foot Anstey with a wealth of experience from Investec Bank, where he contributed significantly to the company’s growth. His new role is expected to bring transformative changes to the firm’s financial strategy and operational efficiency.Foot Anstey’s Strategic MoveFoot Anstey, a Bristol-based law firm, has made a significant strategic appointment by welcoming Brian Johnson as its new Chief Financial Officer…

In a significant move, a drilling firm based in Gloucestershire has divested its geothermal division to a Cheltenham-based company.The transaction marks a pivotal shift in strategy for both entities as they position themselves in the evolving energy sector.The Gloucestershire-based drilling company, ADP Group, has sold its geothermal division to Rendesco. Rendesco, renowned for its heat pump technology, has acquired this division for an undisclosed amount. This acquisition equips Rendesco with enhanced capabilities to expand its geothermal networks, aligning with its vision of sustainable energy solutions.Tom Page, ADP’s Managing Director, has transitioned to Rendesco as Head of Drilling. This strategic move…