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May 2, 2019

New £80M Company Has Been Formed

Swindon-based Flynn Group has acquired a Bristol groundworks company, which trades as Kenny, in order to form an £80 million turnover group. Flynn Group, which has waste management, building maintenance, civil engineering and groundworks divisions, has been advised to go ahead with the purchase by the industrial products and services team, led

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PLP UKLV Buys Development Land

43 acres of commercial development land has just been bought by PLP’s UK logistics investments vehicle from the joint venture between Harworth Group plc and Evans Property Group for an undisclosed sum. The company will now work with AVL to begin earthworks and on and off-site infrastructure, alongside the submission of

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SJS refurbishes its leadership team for further growth

GROWING property fit-out, refurbishment and bespoke joinery expert SJS has celebrated a record £12m year with a series of appointments and promotions. Craig Murie, the Managing Director who has steered the Edinburgh-based firm from £900,000 a year to its current record turnover in just eight years, says the new leadership

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BDC 318 : Jul 2024

May 2, 2019

New £80M Company Has Been Formed

Swindon-based Flynn Group has acquired a Bristol groundworks company, which trades as Kenny, in order to form an £80 million turnover group. Flynn Group, which has waste management, building maintenance, civil engineering and groundworks divisions, has been advised to go ahead with the purchase by the industrial products and services team, led by Ian Curtis at Transcend Corporate, the Birmingham and Reading-based corporate finance house. “Flynn has grown considerably in recent years, as customers utilise our company’s efficient, reliable and economic services, enabling them and ourselves to increase output. Kenny is a fine business and highly complementary, providing us with an enlarged platform to accelerate growth and expand our coverage,” said Managing director at Flynn, Alf Hambidge. John Kenny, one of the founders of the Bristol company, also commented on the purchase: “My wife Val and I have overseen Kenny from a fledgling business, to being a leading player in house-building in the South West, with an expert team that consistently provides efficient and reliable services, of which we are very proud. “As we move into our retirement, we are pleased to pass on our strong traditions to the team at Flynn and wish them well in the continued development of Kenny, and say thanks to all our staff and contractors who have helped us grow into the successful business it currently is.” The deal to purchase Kenny was funded by Allied Irish Bank and it was also advised by Foot Anstey while SGD provided financial due diligence and tax structuring advice. “There are significant opportunities for further growth as recent structural change in the housebuilding sector provides the opportunity for accelerated expansion,” added transcend corporate director, Ian Curtis.

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PLP UKLV Buys Development Land

43 acres of commercial development land has just been bought by PLP’s UK logistics investments vehicle from the joint venture between Harworth Group plc and Evans Property Group for an undisclosed sum. The company will now work with AVL to begin earthworks and on and off-site infrastructure, alongside the submission of a ”reserved matters” planning application to Leeds City Council for 850,000sqft of industrial and distribution space across 4 units. “We are very excited about this acquisition, which provides a clear opportunity for PLP to deliver high-quality logistics space in a variety of configurations for occupiers. Beyond this and our other three recent acquisitions, we continue to look for prime logistics developments and assets in key markets,” said Jeremy Greenland, CEO of PLP. Once the planning is approved, construction work will begin on the new units in Summer 2020. In addition to this purchase, PLP has also acquired a few other assets at Sheffield, Crewe and Knowsley, which will take the value of UKLV’s managed assets to £500m (€579.4m) on a completed basis. “This is an excellent outcome for all concerned which will deliver a significant proportion of the jobs promised when the Enterprise Zone was initially created. AVL’s focus now is to assist PLP to get on-site as quickly as possible so that thousands of new jobs can be delivered for the City Region to benefit from,” commented James Pitt, development director at Evans Property Group. Leader of Leeds City Council councillor Judith Blake also commented on the purchase, saying: “This deal is very welcome as it brings significant new investment into Leeds and the Leeds City Region Enterprise Zone, enhancing economic growth, job creation and innovation in the area and the city.” Established in 2015, the PLP platform is owned by Macquarie Capital, Peel Group, Ivanhoe Cambridge and its senior management team.

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Local MP backs new development that will create 100 jobs

MARK Pawsey MP has lent his support to an £8m business park development that will bring up to 100 jobs to the West Midlands. The MP for Rugby was given a tour around the 85,000 sq ft Stepnell Park site on Lawford Road, Rugby, which will bring new investment and commercial opportunities to the area. Ten new industrial, warehouse or trade counter buildings make up the first phase of work, which is due for completion later this year. Mr Pawsey said: “Developments such as Stepnell Park are crucial for our local economy. What we see here is a West Midlands-based company that is investing in our local area and demonstrating its commitment to creating jobs in Rugby and beyond. “After touring the site and hearing more about the opportunities it is bringing and will continue to bring throughout its construction, I am delighted to throw my full support behind the development.” The site is being developed by construction company Stepnell, which will look to build its own new head office on the later phases of the development The flagship scheme is being used to showcase Stepnell’s ‘Complete Construction Partner’ approach, with the company acting as landlord, developer, principal contractor and employer’s agent for the site. Edward Wakeford, property director at Stepnell, said: “Stepnell Park demonstrates our ability to offer a complete development service, with our construction team working alongside our in-house property and development team. “We are able to deliver schemes from the planning stages through to practical completion on site, and subsequently manage the development and its tenants. “The site also marks a key investment in our own future, allowing us to create a modern working environment for our employees.” Find out more about Stepnell at stepnell.co.uk or join the conversation @StepnellLtd.

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NEW ADFIL PRODUCT OUTPERFORMS CONVENTIONAL FIBRES IN SHOTCRETE BY UP TO 30%

Adfil today announced the launch of a new synthetic macro fibre based on an innovative polymer architecture. Marketed under the brand name Durus EasyShot, the new product provides significantly improved reinforcement in sprayed concrete.     Durus EasyShot 50, for which a patent has been filed, is the result of more than two years of research and development work. Typical end-uses include tunnel linings. The new product therefore will be presented for the first time at the World Tunnel Congress. This industry event will be held at Naples, Italy from 3 to 9 May.   “We are excited about the introduction of our new macro fibre and convinced that it will set a new benchmark for reinforced shotcrete”, said Product Manager Jeroen Smet. Durus EasyShot 50 has been tested in Switzerland at the Hagerbach Test Gallery. This underground facility has specialized in trialling of new materials for tunnelling and mining. “The results are more than convincing. Durus EasyShot is outperforming both existing steel and synthetic fibres. Tensile strength and modulus are 20 to 30 percent higher. This means that a lower dosage is required to obtain the same high reinforcement performance. Or that the same dosage will create more durable concrete, thus extending the service life of the finished structure.”   While the geometry is similar to other Adfil macro fibres, what makes the new product unique are a polymer architecture and fibre length specifically tailored to the application in shotcrete. Smet: “In addition to the improved mechanical properties of each individual fibre, Durus EasyShot 50 also provides enhanced workability in fresh concrete. The shorter the fibres and the more regular their shape, the more easily the reinforcement can be mixed into the concrete. This leads to a more homogenous distribution of the reinforcement throughout the whole volume of the concrete and ensures consistently high performance in each part of the structure.”   The Adfil Technical Sales and Product Management Team will be working closely with industry partners to have the new fibre specified for upcoming projects.

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SJS refurbishes its leadership team for further growth

GROWING property fit-out, refurbishment and bespoke joinery expert SJS has celebrated a record £12m year with a series of appointments and promotions. Craig Murie, the Managing Director who has steered the Edinburgh-based firm from £900,000 a year to its current record turnover in just eight years, says the new leadership team is vital for further growth. He added: “The team have done a magnificent job to deliver the scale of growth we have seen since late 2011.  As well as hitting £12m in turnover our headcount has increased from 25 to 62. Despite the short timescale, it has been controlled growth. “While we are proud of everything we have achieved we also recognise that what got us to where we now are will not solely be what takes us to the next level. That is why we are creating a stronger leadership team and a structure that better suits the size of organisation we are in 2019, ensuring we are fit for the professional and business challenges ahead.” Craig, 48, has promoted three long-serving members of the team to Director level, while appointing a well-known industry professional as a fourth director on the firm’s new Leadership Team. They will now build on the stellar client list and professional reputation of SJS, which has carried out high profile refurbishments and fit outs of offices, hotels, leisure outlets, niche residential, universities, schools, shops, pubs and a wide variety of other developments. Alan Timlin and John Anderson, both of whom joined SJS in 2012, have earned promotions, with Alan appointed Commercial Director and John becoming Estimating Director. Brian Drake, who has headed up the firms Projects Division since 2014 has been elevated to Operations Director. Meanwhile respected industry professional Gary McGurk has joined the business as a Director to oversee the strategic direction of business development, client relationship management and marketing. Mr Murie added: “These promotions are a recognition of what these colleagues have put in and the passion they have to make us even more successful. It’s also about laying the groundwork to take us to the next level. “We have a talented team across the board and our culture is hugely important to us. We want people to be happy at their work and to create a great work environment with real career progression.” Beyond people and culture, Mr Murie says the firm’s exponential success has been built on the results they deliver. He added: “Our growth has been delivered by repeat business and recommendations. What’s behind our success is the simple fact we provide a highly professional, experienced and quality service. “When you start working with a client it has to be a genuinely flexible partnership. Virtually no project ends up exactly as it was at the design stage. Things change or need to be adapted, because of unforeseen circumstances or simply because a client changes their mind. We welcome that. “We have excellent, long-established relationships with various professional services partners, including architects, surveyors, project managers and other consultants. These partnerships have been crucial to our growth.” When Mr Murie joined the firm it was predominantly a bespoke, manufacturing joinery business. This was the foundation on which the business has developed and remains a key differentiator for SJS, and the highly-skilled CAD, joinery and French polishing team at its 25,000 sq ft production facility just outside Edinburgh, still accounts for around £3m of the turnover. Indeed, the highly-skilled joinery offering is used by a host of other major contractors with a current order to provide 384 bespoke sleeping pods for the new Code Hostel being developed in Dublin. It also undertakes a huge range of projects from creating bespoke office reception desks to customised furniture for hotels. However, under Mr Murie’s guidance SJS has quietly emerged as one of the most accomplished fit out and refurbishment experts in Scotland, working across multiple sectors and accounting for the company’s impressive growth. He says a key milestone in that transition was landing a refurbishment contract which included the design, manufacture and installation of customised language translation booths at Heriot Watt University, where he studied to Civil Engineering. On the back of that success the firm has developed an impressive reputation in Higher Education, earning further contracts with Heriot Watt as well as Edinburgh University, Queen Margaret University and Napier University. Another milestone project which helped put the firm on the refit map was a commercial office fit out for Knight Property Group at Castle Terrace, Edinburgh, which was the first million-pound contract for SJS. The refit of Laings flagship jewellery store in the capital was another landmark which showcased both SJS’s project expertise and quality bespoke joinery. The business is currently delivering a £1.2m commercial office fit out at Exchange Plaza, the heart of Edinburgh’s commercial and financial district, for a prominent Scottish business. New director Gary McGurk said: “I couldn’t have hoped for a better time to join the company, as there is no doubt that SJS is starting to attract a lot of attention for all the right reasons. All of the directors are extremely excited about this next chapter and the huge opportunities we have to continue the growth and expansion of the company.”

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