Wakefieldfirst | Latest News Feed http://www.wakefieldfirst.com Latest News from WakefieldFirst Thu, 14 Nov 2019 00:00:00 +0000 en-US hourly 1 http://www.srcreative.net/ NEW COLLECTIONS BOOST BURBERRY http://www.wakefieldfirst.com/news/all/new-collections-boost-burberry-/ http://www.wakefieldfirst.com/news/all/new-collections-boost-burberry-/#comments Thu, 14 Nov 2019 00:00:00 +0000 http://www.wakefieldfirst.com/news/all/new-collections-boost-burberry-/ Luxury fashion brand Burberry has reported revenue growth in its interim results boosted by chief creative officer Riccardo Tisci's new collections.

The listed company achieved a revenue of £1.28bn for the 26 weeks ended 28 September 2019, up from £1.22bn in the same period of 2018.

Pre-tax profit also increased to £193m from £174m the year before.

Burberry said Riccardo Tisci's collections had achieved strong double digit growth with new products now accounting for about 70 per cent of its mainline retail store offer.

Despite the growth, the company said it had been affected by "considerable disruptions" in Hong Kong during the period.

Chief executive Marco Gobbetti said: "We are pleased with our performance in the half, as we remain on track to deliver the first phase of our strategy.

"New product now represents a high proportion of our assortment and the customer response has been positive delivering strong double digit growth. We also continued to strengthen momentum around our brand and transform our distribution."

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SALES UP AT CARD FACTORY DESPITE HIGH STREET CHALLENGES http://www.wakefieldfirst.com/news/all/sales-up-at-card-factory-despite-high-street-challanges-/ http://www.wakefieldfirst.com/news/all/sales-up-at-card-factory-despite-high-street-challanges-/#comments Thu, 14 Nov 2019 00:00:00 +0000 http://www.wakefieldfirst.com/news/all/sales-up-at-card-factory-despite-high-street-challanges-/ High street gift card retailer Card Factory has grown its sales despite a "challenging UK high street environment".

The listed group has reported a 5 per cent increase in revenue for the nine months ended 31 October 2019, with like-for-like sales growth of 0.9 per cent.

The retailer said this reflected new stores, online growth and "steady sales in a challenging UK high street environment".

There was an increase in average spend across Card Factory's stores, but like-for-like sales dipped in the third quarter due to weaker footfall.

The company opened 12 net new stores opened in the quarter, with 38 now launched across the UK and Republic of Ireland so far in 2019. It remains on track to hits its target of 50 net new UK and Republic of Ireland openings in the full year.

Chief executive Karen Hubbard said: "I am pleased with our year-to-date performance. Our ongoing focus on customer experience, and the quality and range of our card and complementary non-card products, has led to an increased average spend both in stores and online.

"This has helped us to substantially offset the effect of the lower high street footfall experienced in the quarter and the corresponding impact on our like-for-like sales.

"We remain on track with our new store roll out and are focused on pursuing other new growth opportunities and retail partnerships to extend our market penetration in the UK and overseas."

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BLACKS SOLICITORS ADVISES PRODUCTION PARK ON SALE OF SUBSIDIARIES http://www.wakefieldfirst.com/news/all/blacks-solicitors-advises-production-park-on-sale-of-subsidiaries-/ http://www.wakefieldfirst.com/news/all/blacks-solicitors-advises-production-park-on-sale-of-subsidiaries-/#comments Tue, 12 Nov 2019 00:00:00 +0000 http://www.wakefieldfirst.com/news/all/blacks-solicitors-advises-production-park-on-sale-of-subsidiaries-/ Leeds-based Blacks Solicitors has advised Wakefield-based live events campus Production Park on the sale of subsidiary Brilliant Stages to US live technology business TAIT.

Production Park in South Kirby is home to more than 20 live event businesses, two studios and 200 students.

TAIT International Ltd, the UK subsidiary of TAIT Towers, has acquired two subsidiaries, Brilliant Stages Ltd and LS-Live Ltd.

Dave Paterson, partner in the Corporate and Commercial team at Blacks, who oversaw the sale, said: "Supporting our longstanding clients and offering advice for deals like this is a fantastic and rewarding experience. Everyone involved at Blacks is extremely proud of the successful outcome.

"The teams at Production Park and its subsidiaries have established themselves as world leaders in entertainment technology projects and the acquisition will pave the way to even greater success for everyone involved."

Lee Brooks, co-founder of Production Park, added: "We are delighted with the outcome of the recent acquisition of Brilliant Stages by TAIT which will bring not only inward investment but also global opportunities to Production Park.

"The service and support given by Blacks was instrumental in agreeing this partnership and bringing it to a close in a very timely manner. We look forward to an exciting future at Production Park and to continuing our close working relationship with Blacks."

Blacks Solicitors worked with Nathan Potton, Giles Taylor and Joanne Barbour of Professional Services firm KPMG for tax and corporate finance advice, and Tom Sikora of HSBC.

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SEWTEC REVEALS RELOCATION PLANS http://www.wakefieldfirst.com/news/all/sewtec-reveals-relocation-plans-/ http://www.wakefieldfirst.com/news/all/sewtec-reveals-relocation-plans-/#comments Tue, 12 Nov 2019 00:00:00 +0000 http://www.wakefieldfirst.com/news/all/sewtec-reveals-relocation-plans-/ Industrial automation specialist Sewtec has revealed plans to relocate to a new 75,000 sq ft facility in Wakefield.

The company has signed a 15-year agreement to lease an existing building in Silkwood Park near junction 40 of the M1, which is more than double the size of its current premises in Dewsbury.

Sewtec will now develop a state-of-the-art design and manufacturing facility in a multimillion-pound investment. It is expected to be operational by March 2020.

All 130 employees will relocate and it is estimated that more than 70 new jobs will be created at the site in the next three years.

Mark Cook, Sewtec managing director, said: "This is an excellent, modern facility which will transform how Sewtec operates and help us further realise our potential.

"Client demand for our bespoke automation machinery continues to grow at pace and in many global markets. The investment will provide us with space to meet this demand and increase our manufacturing capability.

"It will also enable us to attract and retain more highly skilled engineers, as well as benefiting the local community through apprenticeships, supplier networks and our school outreach programme. This is an exciting time for Sewtec and we will enter 2020 with the momentum required to achieve our 2023 growth target."

This July, Sewtec revealed that turnover had more than doubled to a record £28m with EBITDA of £9m, in the year to 30 June 2019. The company is now targeting turnover of £50m by 2023.

Growth follows a management buyout in August 2017, which was backed by Leeds-headquartered private equity firm Endless.

Leeds-based chartered surveyors Fox Lloyd Jones (FLJ) advised on the building acquisition, which was on an off-market basis.

FLJ has been retained to project manage the improvements, supported by Enjoy Design architects and Triangle Consulting Engineers.

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LIVE EVENT SPECIALST SNAPPED UP BY GLOBAL GROUP http://www.wakefieldfirst.com/news/all/live-event-specialst-snapped-up-by-global-group-[1]/ http://www.wakefieldfirst.com/news/all/live-event-specialst-snapped-up-by-global-group-[1]/#comments Mon, 11 Nov 2019 00:00:00 +0000 http://www.wakefieldfirst.com/news/all/live-event-specialst-snapped-up-by-global-group-[1]/ A West Yorkshire-based provider of staging and design capabilities for live events has been acquired by global business TAIT.

Brilliant Stages, founded in 1983, has worked with a diverse group of clients including: Hugh Jackman, Coldplay, Renault Formula 1 and the Dubai Mall.

The business has delivered advanced staging technologies and entertainment structures around the world.

The acquisition by TAIT was said to bring together more four decades of complementary live event expertise to create a more competitive platform capable of deploying a truly global suite of live event technology and solutions.

Since 1978, TAIT has been a provider of advanced creative, engineering, and automation services to the live entertainment industry.Clients and markets include: Princess Cruises, Fortnite World Cup, Disney, Dubai Expo 2020 and the Olympics.

"We have built the brand brick-by-brick with an equal focus on spectacle, design, employees, and customers," said Brilliant managing director Ben Brooks.

"That is what makes being part of TAIT a perfect match, culturally we are 100 per cent aligned."

Adam Davis, chief creative officer at TAIT, added: "This really is a perfect cultural match. We are excited to share with Brilliant our technology, assets, and lessons learned over our 40 years in the live event business. We have found a true partner in Brilliant and we share a deep belief in delivering excellence to our customers and their fans."

KPMG partner Giles Taylor worked on the deal.

"Brilliant Stages is an outstanding example of how a Yorkshire business can perform on the global stage," said Taylor.

"In the age of streaming, live music events are growing in both scale and economic value, so it's no surprise to see a large international buyer looking to secure the resources of a UK business that has a track record working with major artists."

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CADDICK GROUP DELIVERS ON UPCOMING 50M WAKEFIELD DISTRIBUTION CENTRE FOR GLOBAL CLIENT http://www.wakefieldfirst.com/news/all/caddick-group-delivers-on-upcoming-50m-wakefield-distribution-centre-for-global-client-[1]/ http://www.wakefieldfirst.com/news/all/caddick-group-delivers-on-upcoming-50m-wakefield-distribution-centre-for-global-client-[1]/#comments Mon, 11 Nov 2019 00:00:00 +0000 http://www.wakefieldfirst.com/news/all/caddick-group-delivers-on-upcoming-50m-wakefield-distribution-centre-for-global-client-[1]/ Caddick Group is to build a £50m GDV distribution centre near Wakefield for global real estate investment manager AEW.

AEW will buy the site from Caddick Group and fund the development for its recently launched €290m develop-to-core UK logistics venture with Allianz.

Caddick Construction has been appointed as the main contractor and will deliver the 512,000 sq ft facility, now named Wakefield 515.

Myles Hartley, managing director at Caddick Developments, said: “As a Group our focus is on structurally-supported asset classes such as build-to-rent and industrial/logistics, where we see long-term growth potential.

“Wakefield 515, which follows on from our successful Crosspoint 33 development, will be a landmark scheme in terms of size and scale and we are keen to start on-site, creating hundreds of jobs locally both during and after construction.”

Wakefield 515, previously known as Crosspoint 33 phase two, will sit next to the already completed Cross Point 33 phase one, a £100m 1.2m sq ft distribution centre now occupied by TJX Europe, parent company of retail brands TK Maxx and HomeSense.

Work onsite will begin early next year. The building is due to be delivered by Q4 2020 and will be marketed jointly by Dove Haigh Philips and JLL.

The Group’s build-to-rent housing brand Moda Living opened its first development, Angel Gardens in central Manchester, in October.

The Group is also due to start on-site with the first phase of its £300m SOYO neighbourhood in Leeds city centre, a 515-home BTR scheme that Caddick Construction will build for Moda Living.

Nick Winsley, managing director and head of investments at AEW UK Investment Management, added: “This acquisition is an excellent opportunity for AEW. The UK logistics sector is demonstrating historically strong take-up, occupancy levels and rental growth with very little new Grade A supply in the Yorkshire market for larger warehouses.”

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HELP SHAPE THE COUNCIL'S BUDGET FOR 2020/21 http://www.wakefieldfirst.com/news/all/help-shape-the-councils-budget-for-2020-21/ http://www.wakefieldfirst.com/news/all/help-shape-the-councils-budget-for-2020-21/#comments Wed, 6 Nov 2019 00:00:00 +0000 http://www.wakefieldfirst.com/news/all/help-shape-the-councils-budget-for-2020-21/ Residents are being invited to help the Council shape the 2020/21 budget.

Wakefield Council wants to know what matters most to them so that investment and resources can be prioritised to have a real impact and improve the lives of people who live in the district.

Everyone is invited to complete an online survey which takes just five minutes. It runs from Thursday 7 November 2019 to Monday 6 January 2020.

Wakefield Council, Chief Executive Merran McRae, said: “We have a clear ambition to deliver the best possible services for residents.

“Next year we have to find ways to manage a £13.3m budget gap. We will carry on driving efficiencies and being enterprising and innovative in the delivery of services, but we also know that we need to continue investing in the district. Understanding what matters most to our residents helps us identify where investment and resources can have the most positive impact to help people thrive, businesses succeed and encourage more visitors into the district.

“I would encourage everyone to share their views and help us shape this budget.”

The survey can be accessed on smart phones, tablets or on computers.

Paper copies are also available at the Customer Access Point at Wakefield One and in libraries across the district.

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FUNDING ROUND LAUNCHED TO HELP BUSINESSES BOOST PRODUCTIVITY AND GROW REGIONAL ECONOMY http://www.wakefieldfirst.com/news/all/funding-round-launched-to-help-businesses-boost-productivity-and-grow-regional-economy/ http://www.wakefieldfirst.com/news/all/funding-round-launched-to-help-businesses-boost-productivity-and-grow-regional-economy/#comments Tue, 5 Nov 2019 00:00:00 +0000 http://www.wakefieldfirst.com/news/all/funding-round-launched-to-help-businesses-boost-productivity-and-grow-regional-economy/ Leeds City Region Enterprise Partnership (LEP) has launched the second round of funding to boost productivity for businesses in the Leeds City Region.

Working with West Yorkshire Combined Authority, the Business Productivity Pilot will award grants to businesses that best demonstrate how capital investment will lead to measurable productivity improvements to their business. Grants can contribute to capital investment in machinery, equipment and the fit-out of premises.

Research by the Combined Authority highlights that if businesses can close the gap between the region’s productivity rate and the national average, £11bn could be added to the regional economy.

Businesses have until 31 January 2020 to apply for grants between £25,000 and £100,000. Applications will be assessed by a panel of experts from the private and public sector, and the decision on which applications are approved will be announced on 28 February 2020.

Councillor Susan Hinchcliffe, chair of the Combined Authority and leader of Bradford Council, said: “Improving productivity continues to be a priority for the Combined Authority and LEP. By doing so we will able to create better-paid jobs and be able to offer people a better quality of life.

“The pilot will help the LEP and wider City Region to capture practical learning to inform future activities and be at the forefront of developing evidence-led interventions on productivity that can be used to inform national policy decisions.

“Strengthening the region’s economy will, in turn, create a significant lift to the national economy and drive good growth.”

Roger Marsh, chairman of Leeds City Region Enterprise Partnership, said: “Boosting productivity remains a priority for the LEP and following the success of the first round of support, I’m delighted to launch round two of the Business Productivity Pilot.

“A key part of the Local Industrial Strategy is to close the productivity gap with the rest of the UK. Doing so would mean more better-paid jobs, improved living standards and could add £11 billion to the region’s economy.

“The pilot will allow the LEP to better meet the needs of businesses in the current economic climate and I’d encourage all businesses to get in touch with the LEP, and find out about the support available to improve productivity”.

This project has received investment from the LEP, delivered by the West Yorkshire Combined Authority, through the Leeds City Region Growth Deal – a £1bn package of Government investment to accelerate growth and create jobs across Leeds City Region.

To find out more about the pilot, contact the LEP Growth Service on 0113 3481818, or e-mail businessgrowth@the-lep.com. Further information can be found here.

 

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TURNING THE SOUND DOWN ON NEW POWER STATIONS http://www.wakefieldfirst.com/news/all/turning-the-sound-down-on-new-power-stations/ http://www.wakefieldfirst.com/news/all/turning-the-sound-down-on-new-power-stations/#comments Tue, 5 Nov 2019 00:00:00 +0000 http://www.wakefieldfirst.com/news/all/turning-the-sound-down-on-new-power-stations/ ACOUSTIC control specialists working on three new UK power stations have turned to the industry leaders in bespoke glazing solutions to provide vision panels for their noise absorbing enclosures.

The industry reputation of ICW (UK) Ltd is such that they were the first port of call for Paul Dresser, Operations Manager for Cambridge based Acoustic Control Engineers Ltd, specialists in solutions to limit industrial noise and sound related nuisance, when they were commissioned to design and install noise reducing solutions for three new power stations situated in Barry, South Wales, Hull and Boston in Lincolnshire.

“ICW are known within the industry for the glazing panels for use in the type of enclosures that we do,” explained Paul. “In the case of the power stations, the enclosures are being built around live equipment. It’s useful if people are able to see what’s happening inside the enclosure without actually having to enter it so we’ve built interior lighting and a vision panel into the design.”

The enclosures are made of two layers of acoustic material with a 100mm gap in between to help absorb noise. This meant the glazed units which are being fitted in the doors to the enclosures also needed a larger than average gap of around 95mm between two panes of 6mm toughened glass. While the majority of the sound proofing is provided by the enclosure itself, ICW (UK) Ltd, specialists in the manufacture and supply of bespoke windows and glazing solutions, also designed the 300mm by 300mm windows to minimise escaping noise.

“The project is being rolled out in three phases and we’re about two-thirds of the way through. Some 100 viewing panels have been installed so far with another 20-30 to come,” said Paul who worked directly with Wakefield based ICW’s MD Stephen Chapman on the technical details and drawings for the custom manufactured glazed units.

“ICW’s windows come as a sleeved unit complete with a border. They are straightforward to fit, which saves time compared to other, slightly cheaper, options we looked at, and give a nice finish around the window. The panels arrive when ICW said they will and are well wrapped against potential damage – everything you’d expect for a good service and I’d definitely use them again.”

Stephen Chapman said: “All our windows are individually manufactured to order. This means we can custom make them to the specific needs of each customer whether that means varying in size, shape or providing secondary glazed units to provide improved acoustical properties.”

 

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FLOORING SPECIALIST EXPANDS WITH NEW PREMISES http://www.wakefieldfirst.com/news/all/flooring-specialist-expands-with-new-premises-/ http://www.wakefieldfirst.com/news/all/flooring-specialist-expands-with-new-premises-/#comments Tue, 5 Nov 2019 00:00:00 +0000 http://www.wakefieldfirst.com/news/all/flooring-specialist-expands-with-new-premises-/ A West Yorkshire flooring specialist has made a £490,000 investment in new larger premises.

All Floors UK is based in Pontefract and headed up by husband and wife team Donna and Chris Caulton.

The company has purchased a 11,500 sq ft unit on Langthwaite Grange Industrial Estate, close to it current base in South Elmsall.

The new warehousing unit was formerly Whittaker Carpets and, once fully refurbished, will create greater showroom, storage and office space for the flooring retailer, which currently employs 32 staff.

Sheffield-based Wake Smith Solicitors acted for the purchasers with HSBC UK providing the funding.

Donna Caulton, All Floors UK director, said: "All Floors is a family business that has gone from strength to strength.

"Collectively, we have more than 50 years knowledge and experience in the flooring industry and have built up an excellent reputation for service, quality workmanship and extremely competitive prices.

"The new unit, once substantially refurbished, will allow us to improve our residential flooring offering and satisfy new commercial work and further growth plans we have, combined with continuing our high standards of customer service.

"There could be potential jobs in the pipeline and therefore mean increasing the number of employees to 40."

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