Category Archives: Business

Celebrities and leaders to map Metal Box Factory future

Future plans for the iconic building will be unveiled at an open day

Welsh legends Max Boyce and James Hook will complement a swathe of business leaders and dignitaries at the official unveiling of the revamped and restored Metal Box Factory, one of the most historic and iconic industrial buildings in South Wales, as ambitious plans for its future are revealed.

At a special event on Thursday October 13, the celebrities will attend an official open day hosted by Ministry of Furniture and SO Modular, two of the key companies responsible for the regeneration of the site. The event will also be attended by the many stakeholders interested in the future economic prosperity of the region.

At the event, ambitious plans for the site will be discussed, which will involve bringing the building and its grounds closer to the local community.

The event will focus on “Y Dyfodol – The Future” with speakers sharing their insights into 21st Century education buildings, investment, regeneration, job creation and the hidden challenges of agile and hybrid working. Guided tours will be available, including around SO Modular’s extensive site where timber frame modular homes are constructed.

Specifically, Simon Brennan, Head of Property & Regeneration, Neath Port Talbot Council, will deliver an opening address, and Stuart Moyse, Educational Building Consultant, will discuss creating learning environments for the 21 Century. This theme will be developed further by Andrew Beadle, Director of Education at Powell Dobson Architects.

The event will also feature a keynote presentation by Dr Debra Williams, the Chair of Global Centre of Rail Excellence, a £300 million investment planned for Neath Port Talbot, which will create a high-speed rail testing facility. Jon Rae, Director of Resources, Welsh Local Government Association, will discuss the Hidden Challenges of Agile & Hybrid Working. Finally, Dean Curran, Managing Director of Vortex, also a resident in the Metal Box Factory, will discuss innovative solutions to air pollution.

The Metal Box Factory in Neath, locally as “The Box”, was occupied for more than 70 years and was a core employer in the region. Previous occupier the Crown Packaging Company closed in 2016. It was then vacant until 2019 when a deal between local timber frame and offsite construction specialist SO Modular and Neath Port Talbot Council kickstarted the regeneration of the 55-acre site.

SO Modular has invested over £10 million in acquiring and regenerating a large part of the iconic site in Neath. The company, which currently employs around 150 people in Neath, anticipates it will double its workforce in conjunction with its expansion to the site. The move will allow SO Modular to increase its capacity to 3,000 homes per year.

More recently, Ministry of Furniture, an education & workplace interiors specialist, took a further 8,000 sq ft of space over two floors on long-term lease from Neath Port Talbot Council. It has plans to take a further 40,000 sq ft of manufacturing space in the future, supporting further expansion and new jobs.

Other parts of the massive site have been taken by The Safety Letter Box Company and Vortex, part of Marston Holdings, a company at the forefront of smart city technologies, which builds environmental sensors, networks and data solutions to support decarbonisation efforts globally.

Graham Hirst, Managing Director, Ministry of Furniture, said:

“Our move to what is an iconic building in the area represented a pivotal moment in the company’s history, but we now want more. In addition to further developing our business and expanding our offering, we also want to help develop the site, so it once again sits at the heart of the community in the region.

“Once upon a time, this was a vibrant hub with local sports teams and other community groups all using the space. We want to play a part in making that a reality again. Along with the other companies operating from this space, we have devised some exciting plans that will be unveiled at this special event in October.”

Charlotte Hale, Director of SO Modular, said:

“For us as a company, this space has allowed us to keep pace with demand while pushing an environmentally friendly agenda, both in terms of the style of construction we champion and in terms of how we will regenerate the site itself. But it has also always been about making a significant investment that will benefit the local economy.

“Our aim was to create a sustainable, redefining building that restores the site to its former glory but in an innovative and eco-friendly way; we want it to be a landmark of the town again, which the community can be proud of, while also benefiting the local supply chain and keeping jobs and money in the region.”

More information on this event and future plans for the site can be found here:

www.ministryoffurniture.com/y-dyfodol-the-future-at-metal-box-neath

Pioneering software boosts reader engagement for publishers

A pioneering world-first software tool which hones in on reader empathy has been developed in the UK and will help cash-strapped publishers boost engagement and revenues.

London-based startup, Bridged, uses artificial intelligence to pinpoint sections of a written article which are likely to elicit the most empathy from readers.

Publishers, who have seen declining revenues over the past few decades, can then use that knowledge to build first party data and convert that into more ad revenue, additional newsletter signups and an increase in paid subscriptions.

 

Maanas Mediratta, founder and CEO of Bridged, said: “Publishers around the world are trying to make sense of looming internet privacy changes and to discover how it impacts their income.

“It is estimated that 50% of publishers’ revenues are at risk with 3rd party cookies being killed off, and multiple other privacy changes. Some publishers are already pioneering the change – such as Business Insider, the New York Times and Washington Post – which are using 1st party data to increase revenue and diversify cash streams.

“Bridged makes this possible for everyone. Around 95% of publishers we’ve spoken to say they want to build data but either have no resources or don’t feel they have the technical tools.

“We have created software that automates content marketing campaigns. It uses AI to find where the audience is most likely to engage within any piece of content, whether text, audio or video. With our software, publishers generate 150% more conversions and GDPR-compliant 1st party data. With Bridged, they can build their 1st party data strategy with zero code and no integration costs.”

A number of well-known UK publishers are currently trialling the product, which can boost average revenue per reader by up to 150%.

 

Luka Marjanovic, partner at the Internet Bull Report inc. (IBR)  said: “Building 1st party data is of prime importance to any publisher at the moment and working with Bridged means that we can do that simply, efficiently and effectively with very little manual work required on our side.”

 

Julia Koval, Partnerships and Marketing Manager at The Fix Media said: “We are delighted to be using Bridged. The Bridged cards are easy to use and integrate. They are a great option to add some interaction with your readers.”

 

Bridged is currently engaged in a pre-seed funding round and has so far raised €500,000 in investment.

The business is offering a free month-long demo of its software to any publications that would like a trial.

Chambers Wales comments on Energy Support Plan for Businesses

Responding to the release of further details from Government on the energy support plan for businesses, Paul Slevin, Executive Chair of Chambers Wales South East, South West and Mid, said:

“We welcome the support for businesses announced by the Government, and hope it will go some way to easing the worries of business owners across Wales and the rest of the UK as we move in to the winter period.

“While we are reassured by the proposed three month review, we sincerely hope that this will lead to an extension of support for businesses that so desperately need it, and who are already facing crippling cost increases across the board.

“While last week’s announcement may safeguard businesses throughout the winter, a longer-term plan is desperately needed. Businesses need certainty to allow them to plan ahead in what is currently an incredibly uncertain landscape. Without the ability to plan ahead, we fear that Welsh businesses will not have the confidence to invest or grow, but we will continue to work closely with our members to ensure that they are able to access all the help available to them to safeguard their place in the Welsh economy.”

Welsh businesses urged to make switch to new customs system before fast-approaching deadline

Welsh businesses are being warned that they could be banned from importing unless they urgently switch to a new Government computer system before the fast-approaching deadline.

Chambers Wales South East, South West and Mid is issuing the warning as HMRC’s Customs Handling Import and Export Freight (CHIEF) system is due to be replaced by the Customs Declaration Service (CDS) on October 1 for companies importing goods from abroad.

In the first quarter of 2022, the value of goods imported to Wales was £5.8 billion, an increase of 64.3% from the same period the previous year.

The Customs Declaration Service is set to serve as the UK’s single customs platform. It has already been used by businesses for imports and exports for countries outside of the European Union and declarations for Northern Ireland in recent years. It will now be used for all imports and exports.

HMRC has now announced that firms have an additional month to continue using CHIEF through their current customs intermediaries but Chambers Wales fears this will not be enough.

Drew Flowers, Director of Trade, Chambers Wales South East, South West and Mid, said: “We’ve been working closely with many businesses in recent months to get them prepared for the change to CDS, but we still fear that many businesses are in danger of being unable to import if they don’t take steps to move to the new system immediately.

“While this one-month extension may be helpful for some who have already begun to make the transition, it quite possibly won’t be enough for those that aren’t as prepared.

“We’re urging all Welsh businesses that rely on imports to sign up to the new system right away if they haven’t already. Not only that, it’s vital that businesses also know how to operate their new account and familiarise themselves with the new elements and tariff information.”

Liam Smyth, Managing Director of ChamberCustoms, which is owned by the British Chambers of Commerce, said: “The switch over from CHIEF to CDS, has been on the cards for quite some time. We began using the new system with our customers six months ago.  But we are regularly hearing from traders who remain frustrated by difficulties in completing their registration.

“Many intermediaries and businesses are still not ready and we are seeing an increased demand for switchover courses with just days to go.

“A month extension will not be enough, intermediaries that have only recently had access to the CDS training system need more time to embed training, CDS is very different to CHIEF.

“If firms are shut out of CHIEF before they are ready then they will effectively be cut adrift and find themselves unable to import.

“With all the other cost pressures and supply chain disruption businesses have been facing it is perhaps unsurprising that some have yet to act, but it is now getting to crunch time.

“Firms need to take action immediately and HMRC needs to look closely at the support and lead in times it is prepared to offer. Otherwise we could be looking at a cliff-edge that could hammer companies at a time when they can least afford it.”

Chambers Wales South East, South West and Mid is a dedicated customs intermediary who can manage all HMRC declarations through every port. Supporting both importers and exporters, the experienced team curate end-to-end solutions and can advise on the latest technological changes and digital processes to help keep goods moving and ensure compliance at every stage.

 

Supply specialist, PPS, increases hospitality business with acquisition

The North of England’s leading independent janitorial supply business, PPS, has acquired hospitality supplies specialist, LTES. The deal, which was prompted by retirement, sees PPS acquire LTES’ customer base and stockholding.

Based in Shipley, LTES has been trading for over 30 years supplying the hospitality sector in Yorkshire with cleaning chemicals, glass washer machines, glasses, and hygiene paper.

As part of an ambitious growth plan, this move marks the second acquisition in quick succession for the York and Keighley-based company. The deal will bolster the company’s hospitality supplies business, which already included supplying more than 1,000 hospitality businesses across the north, including restaurant groups, pubs, schools, and entertainment venues.

The LTES acquisition follows PPS’ recent seven-figure purchase of Keighley-based Scott Janitorial Supplies.

Joseph Fitzpatrick, Managing Director of PPS, said: “We are delighted to share that we have acquired LTES. LTES is a great addition to PPS – with its strong customer base, and a complimentary product range. We felt that this was an ideal opportunity for us to progress our growth plans.

“We have a deep understanding, built up over two decades, of what it takes to successfully supply the hospitality industry. We understand that speed of service as well as quality is key. With depots in York and Keighley and 18 vans on the road delivering each workday, we look forward to continuing to provide exceptional service to even more customers across the Yorkshire region.”

As with the company’s acquisition of Scott Janitorial Supplies, PPS were provided legal advice and support by Martin Frost, corporate partner at Andrew Jackson.

Frost said: “We were delighted to be able to assist PPS on their latest acquisition. From the outset the PPS Board had a very clear plan for how they wished to approach the deal. By working closely with them and the other advisers, we were able to streamline the legal process and complete the transaction quickly for the benefit of all parties. We wish them every success as they take the LTES business forward as part of the growing PPS group.”

Family-run business, PPS, provides products that everyone needs, including cleaning products, catering supplies, equipment, machinery, and so much more.

ESCP Business School’s Master in Management ranked fifth worldwide by the Financial Times

Out of the 100 institutions ranked by the Financial Times in 2022, ESCP Business School earned fifth place worldwide for its Master in Management programme, climbing two places from the previous year.

With campuses across Berlin, London, Madrid, Paris, Turin and Warsaw, ESCP’s European approach is celebrated in both our global performance as well as our outstanding achievements across the ranking criteria.

As part of the programme, students are required to study at a minimum of two of ESCP’s six campuses. Thanks to this unique structure and our network of partner universities around the world, the school ranked fourth in the International Course Experience category.

The international dimension of our Master in Management programme is also reflected in the makeup of our student cohort (94% international students) and our faculty (86% international faculty). We are confident that this multicultural, multi-campus experience prepares our students for today’s workplace, as evident from the fact that 99% of our students are employed within three months post graduation.

Professor Cécile Kharoubi, Associate Dean for the Master in Management programme, commented: “Positioning within the top five worldwide makes us very proud of our students, alumni, faculty, and staff. Institutions are made of people, and our high position in this very competitive ranking shows the merits of our attention to personal development, including cultivating a communicative, innovative, and critical thinking mindset in our students.”

Professor Léon Laulusa, Executive Vice-President and Dean for Academic and International Affairs, said: “We are delighted to see ESCP’s Master in Management programme ranked so highly on a global scale, reflecting our strong international presence in business education as well as the multicultural experience offered as part of this programme. Embracing differences is at the core of our mission to educate against indifference. A mission perhaps more important now than ever before.”

The ESCP Master in Management begins each September.

Can China deliver the returns investors expect from Emerging Markets?

The mantra for investing in Emerging Markets is higher risk, higher return. CAMRADATA’s latest whitepaper on China explores why this is the case, along with the risks and benefits of investing in China today.

The report looks at how the Chinese State supports business growth; where Chinese companies outcompete global rivals; and which industrial sectors will flourish in the years ahead, as investors return to China after the disruption of the pandemic years.

The whitepaper includes insights from firms such as, AllianceBernstein, Mackenzie Investments, Value Partners, Mercer, RisCura and WTW who all attended a roundtable hosted by CAMRADATA in London in July.

It highlights that for most Western investors two distinct means of accessing China exist: via the offshore market, notably Hong Kong, and the mainland via A-shares.

The report questions if the future is in Greater China strategies covering the entire region, despite this relatively new asset class not having a long track record; and the impact of unexpected events and market reactions in the first half of 2022.

It goes on to consider State-owned Enterprises (SOE) which are some of the best companies in China and globally competitive; the Beijing government’s e-commerce crackdown, and the ESG and sustainability challenges in China.

It concludes on a positive note that there are now up to one thousand investable companies in China growing at a rapid rate; hundreds which have the potential to become multi-billion dollar companies.

 

Natasha Silva, Managing Director, Client Relations, CAMRADATA said, “It’s puzzled early adopters why Chinese investments have not yielded the returns that match economic growth. This is often explained away as the mismatch between the economy in total and investable securities.

Our new whitepaper explores these issues, as well opportunities for investors in the offshore and mainland markets and considers if it is the right time for investment in China, given geopolitical risks and economic uncertainty.

It also looks at emerging trends such as how China’s 2060 carbon-neutral framework which addresses climate change is starting to impact equity investors with sizeable investments in China A-shares.

This report is a fascinating insight into China’s market and where the opportunities are for investors willing to take the risks, for the potential of higher returns.”

 

The whitepaper also includes three opinion articles from the sponsors:

 

  • AllianceBernstein – ‘China’s Growth Push Adds Optimism to Equities’
  • Mackenzie Investments – ‘China’s contribution to global sustainability’
  • Value Partners – Why proprietary ESG assessment is crucial in China’

 

To read the China whitepaper, please click here.

 

For more information on CAMRADATA visit www.camradata.com

Denbighshire County Council is seeking an operator for the Queen’s Market in Rhyl

Work to create a mixed-use development in the centre of Rhyl is progressing and the Council is now commencing the process to secure an operator to manage the development.

The Queen’s Market will be located in the newly developed Queens Building and will provide a mixed-use hall, offering a collection of Artisan eateries, retail and events space.

The development includes 18 individual units, including 5 hot food units, a double-sided bar and large flexible events space internally and an external area capable of holding events, markets or seating.

The building is a key catalyst project within the Councils wider Rhyl regeneration programme.

Recent major projects in the area have attracted multi-million pound private and public sector investment including:

  • Renovation of the Pavilion Theatre and creation of the ‘1891’ Restaurant
  • Two national branded hotels
  • A co-working space for new enterprises
  • The SC2 Waterpark and Ninja Tag
  • The Pont y Ddraig Bridge and Harbour improvements
  • Gerddi Heulwen housing and community park

Traders interested in operating at the Queens Market are also being encouraged to register their interest for a space.

Cllr Jason McLellan, Leader and Lead Member for Economic Growth and Tackling Deprivation said: “This is a very important step for the Queen’s Buildings project and a brilliant opportunity for local traders.

“Work to demolish the buildings has already resulted in supplying Denbighshire Businesses with work and individuals with placements through the councils Working Denbighshire scheme, however this is where the benefits to the county intensify further and I am very excited to follow the next steps.”

“This project will be an asset to the County and will benefit the whole of Denbighshire’s economy. I would encourage anyone interested in being the operator or wishing to trade at the Queens Market, to express their interest as soon as possible.”

If you would like to operate and manage the Queen’s Market or are interested in trading at the site, please contact us – https://preview-denbighshire.cloud.contensis.com/en/community-and-living/regeneration/rhyl/queens-buildings/opportunities.aspx

Runtech contracting to expand

Runtech Ltd has invested £2.7 million to acquire new 17,000 sq. ft. offices at Dyfrig Court, Riverside Business Park, Swansea and fund ambitious growth plans supported by Barclays.

The funding package has already created 50 jobs and will complement their operations to supply various vehicles and plant to the steel, agricultural, chemical and general haulage industries.

Established in 1996 by founder Ian Gorvett, Runtech Ltd offers a comprehensive range of vehicle hire, transport, plant rental, specialist services and contract hire solutions. Employing over 270 staff and with turnover forecast to exceed £24m next year, the company group continues to focus on added value services and new business opportunities.

Ian Gorvett, Managing Director at Runtech said “This is a massive investment for us and is already paying dividends.  The new purpose built offices have given everyone confidence in the business which has manifested in new contracts and new jobs. I started the business back in 1988 as a sole trading plant engineer, providing single vans to the rail industry and promised my wife I would stop when I got to 30 vehicles. We now have over 1400 vehicles capable of transporting anything, anywhere in the country, along with bespoke plant services into specialist companies.”

 

Jason Llewellyn, Barclays Corporate Banking Director said, “By really understanding the business and the industry sector, Barclays has been able to deliver a funding package to support Runtech Ltd. The business has continued to evolve in its 20 years with Barclays, developing greener and more sustainable operations to match customer expectations and win new contracts. This is a family run business with a strong leadership team and a bright future.”

 

Ian Gorvett, Managing Director at Runtech Ltd continues: “I still have the same passion for the business I had 25 years ago but recognize the importance of succession planning with my son Grant now a company director, driving innovation and technology into all areas of the business. With the energy of youth blended with our considerable experience we have the perfect blend to grow the business, delivering tangible benefits to our clients, our employees and the local community. We are passionate about the local community which supported us when we were just a small local business and we feel privileged and fortunate to put something back.”

 

Carolyn Harris MP for Swansea East said “I am delighted to see this investment by Runtech Ltd, supported by Barclays, in Swansea East.  It is wonderful to see businesses continue to grow and flourish during these difficult times, and to see new job opportunities being created in our city. “

For further information visit www.runtech.ltd.uk

 

Shropshire trainer changing the lives of wheelchair users across the globe

An entrepreneur who sank into depression after a motorbike accident left him paralysed has gone on to design a revolutionary training machine that’s now changing the lives of wheelchair users across the globe.

Paul Cooksey, 56, a former managing director of an engineering company, suffered life-changing injuries in his accident in 2006.

But after around two and a half years of being virtually immobile, paralysed from the shoulders down, he realised he had to take action to boost his own fitness and mental health and he put his engineering skills to use, designing a trainer specially for wheelchair users.

Shortly afterwards he met fellow wheelchair user Scott Smith, a successful entrepreneur looking to expand his business portfolio. They founded Invictus Active, (http://www.invictusactive.com) and the business is now selling the Invictus Active Trainer and other disability products across the world as well as providing online wheelchair fitness sessions and much more.

Paul, from Ditton Priors in Shropshire, said: “After the accident I was in a very bad place. I had worked hard in life and I thought I was onto the next chapter in my life; instead I spent a year lying in a spinal unit bed, then 18 months at home, not being able to get out.

“It really affected my mental health; I started to drink excessively and went from being 13 stone to around 19. I couldn’t push my chair across the living room. I was feeling suicidal, because I just couldn’t cope.

“Then I realised something had to change, I could not just sit there. I realised I still had a brain, I was still the same person.”

Paul designed the initial trainer and through his contacts in the manufacturing industry managed to get the parts together to build it in his garage. He started using it every day and soon noticed a huge improvement.

“I started to move around more, I lost a lot of weight – around 84lbs –  and my mental health improved dramatically,” he said. “I also started playing wheelchair tennis and that’s where I met Scott. He knew about my previous business experience and had been asking for advice. I said you need something unique to sell. I told him I had designed the trainer and asked if he wanted to see it.”

Scott, 33, from Halesowen, said he knew there was nothing else like the trainer, a lightweight, portable machine, similar to a treadmill, specifically for wheelchairs, on the market and could immediately see its potential.

A further 18 months of research and development with a number of universities followed, which allowed the two entrepreneurs to better understand the benefits the trainer offered.

The trainer has since been hailed by Paralympians and featured on TV. Regular online fitness sessions attract people from as far away as California and sales are soaring, with orders flooding in from around the world.

Scott said: “It’s giving so many wheelchair users an improved lifestyle and we are getting some brilliant feedback. One customer lost 77lbs over 18 months and someone who had been using a power chair was able to move back to a manual chair with improved upper body strength.

“Our online fitness sessions with personal trainer Ella Beaumont are really popular with people of all ages and abilities. One lad is just eight and the oldest is 78. One man even joins in weekly from California.

“Around 30 per cent of what we make we sell overseas – we export to America, Australia, Singapore, South Korea and many other places.”

Scott, who has been in a wheelchair since surgery on a spinal tumour damaged nerves when he was just 10 years old, said some trainers had been sold to gyms enabling people in wheelchairs to join in sessions like spin classes with able-bodied family and friends. He now wants to see more gyms invest in trainers and even schools, to enable children in wheelchairs to fully join in PE and fitness sessions.

“When I was a lad at school, I had to do PE playing badminton with the kid who had forgotten their kit, or who had a broken arm,” he said.

“I think kids in wheelchairs are still finding they can’t join in fully, but with these trainers schools can get wheelchair users fully involved. That inclusion is what drove me to set the business up, we don’t want people to feel left out or left behind in any way.”

Scott had been a sporty youngster before his spinal tumour was discovered and carried that on afterwards, going on to play wheelchair basketball and wheelchair tennis, where his path crossed with Paul’s.

Invictus Active was launched in 2015 and is now based at a unit and showroom on the Four Ashes Enterprise Centre, Latherford Close, Wolverhampton.

The original trainer has been tweaked and perfected, and now links to an app which monitors distance, speed, heart rate and so on.

It caught the attention of producers at Channel 4 who then asked if it could be featured on the Super Humans Show. Paralympic gold medalist David Weir and presenter Ade Adepitan both used the trainer.

David Weir was so impressed he went on to endorse the machine, describing it as ‘amazing’ and ‘the best roller I have used to date’. Along with fellow athletes, he now uses the trainer at his coaching centre, the Weir Archer Academy.

Scott said he had also been working with several universities on research to help improve the lives of disabled people.

He said: “Loughborough University has been looking at the importance of shoulder strength for wheelchair users. Shoulder strength is vital and the trainer can help build this. It’s great that the university’s findings validate what we are doing.

“We have also been involved with the University of Chicago, where researchers are looking at the benefits of the trainer for those with spinal cord injuries and they can really see the value in what we are doing.”

Paul, meanwhile, is enjoying his retirement with his wife Tracy, 54, and children Laurence, 29 and Jessica, 27.

“They were just teenagers when I had my accident,” he said. “It was a traumatic time for everyone. Thankfully, now it’s just a bit more normal for us all.

“It’s so rewarding to know that the trainer is helping other people in that situation keep fit and active and boost their own mental health. It’s also very satisfying to see how well Scott is managing to continue to develop the business around the trainers.”

To find out more, visit www.invictusactive.com