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FTSE 100

ELAINE DOUGLAS What about the workers?

- 16.37 5985.70

Full inter view - Page 3

DORIAN GONSALVES Letting is hot proper ty Full stor y - Page 6

An EXAMINER publication

KIRKLEES BUSINESS NEWS The business NEWSpaper for Kirklees

Restaurants have recipe for success

■ MENU MASTER: Pritpal Singh expects to reap the benefits of investment at his Heckmondwike restaurant

A RESTAURANT tycoon is optimistic about prospects in 2011 – after completing major investment in his growing fast food empire. Pritpal Singh now operates 24 McDonald’s restaurants across Yorkshire in a joint venture with the burger giant following the opening of a new drive-thru at the Gallagher Retail Park at Waterloo last February and a six-figure upgrade to his drive-thru outlet at Heckmondwike. The Heckmondwike restaurant, which was opened by McDonald’s in 200 and became part of the joint venture operation in 2006, has benefited from £340,000 of investment in new furniture, decor and extra catering equipment. Said Pritpal: “This is a new design for a drive-thru and it has been well-received. “It has been a difficult couple of years, but we believe it is the right thing to reinvest because that will help us come out of those difficult times stronger and more quickly.” Other upgrades have included

introducing cash less transactions and free wi-fi. “We are a 24/7 society,” said Pritpal. “A restaurant is like a third office for some people. People come here to meet over a coffee and deal with paperwork via the laptop. During the past 12 months, Pritpal’s 24 outlets have increased employee numbers from 1,350 to 1,470. The Heckmondwike site alone has taken on an additional five members of staff since the revamp. Pritpal’s oldest restaurant opened 25 years ago in Leeds. His others include the town centre outlet at Kirkgate in Huddersfield and ones in Dewsbury, Halifax, Leeds, Shipley, Keighley, Knaresborough and Harrogate. The business has come a long way since those days in the 1980s, said Pritpal – from selling burgers, fries, coffee and soft drinks to offering a wider menu which also includes tea, organic milk and carrot sticks. Offering a varied menu has helped McDonald’s thrive despite the recession. “We have a four-tier menu

which provides value for money,” he said. “Sales and footfall have remained strong. In a recession, people want to indulge, so our products have been as popular as ever.” The restaurants have also maintained a commitment to training. McDonald’s is the biggest apprenticeship provider in the country – while Pritpal’s group alone has put 40 people through the apprenticeship programme in the past 12 months. Pritpal, who hails from the West Midlands, is one of only a handful of joint venture partner McDonald’s franchisees. He joined McDonald’s in 1983 as a trainee manager after graduating from Sheffield University with a degree in engineering. He rose through the ranks and in 1994 became franchisee of his first restaurant. Over the next 12 years, Pritpal franchisee of four further restaurants, before becoming a joint venture partner in 2006.

Agency booked in with Best Western Hotels A TOP hotel group has chosen a Huddersfield agency to handle brand and direct marketing following a four-way pitch. Best Western Hotels GB, the largest group of independently-owned and managed hotels in Great Britain, has appointed SHARP Agency, based at

the Media Centre in Northumberland Street to lead its “Hotels with Personality” proposition. SHARP opened its doors just a year ago led by “big agency” characters Tom Wass, Richard Sharp, Mandi Taylor and Darlene Sharp. Since then, it has picked up clients

including Chrysler, Jeep, the National Union of Students, NHS Sheffield and Aesica Pharmaceuticals. London digital agency Clicktag supported SHARP in the pitch and will partner the agency to deliver part of the service. Best Western said it has been

impressed by SHARP’s track record. Speaking about its new client, Richard Sharp, creative partner at SHARP, said: “This ambitious brand has the potential to significantly strengthen its position in Great Britain and SHARP will be focusing its talent and energy to help achieve this.”

INSIDE Changing places A KIRKLEES marketing agency has marked five years of growth with a move to bigger premises – without having to change its address! Fantastic Media has transferred from its existing premises to offices twice as big – but still on the same Birstall business park.

● Full story - Page 4

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Answering the call BATLEY-based tycoon Lawrence Tomlinson is the latest recruit to a panel of high-powered business leaders due to speak at a major conference in March.

● Full story - Page 8

Solicitors for business inYorkshire www.chadwicklawrence.co.uk Huddersfield | Wakefield | Halifax | Leeds


KIRKLEES BUSINESS NEWS

national

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BP shares buoyed by Russian link-up

■ FUEL DEAL: Analysts say BP’s tie-up with Rosneft raises a host of issues – both positive and negative

INVESTORS welcomed BP’s £10bn deal with Russian oil giant Rosneft – following news of an Arctic exploration alliance. Markets also reacted positively to news that BP has been given its first-ever oil exploration permits off the Australian coast. BP holds stakes in the Northwest Shelf and Gorgon natural gas fields in Western Australia state – but has never before applied for its own offshore exploration permits in Australia. Shares in BP rose by 2% at one stage yesterday and finished 1.2p higher at 500.7p. The rise, which sparked gains for other energy sector companies, came despite reports of opposition to the Rosneft deal by partners in BP’s existing Russian joint venture TNK-BP.

UK Coal overcomes pit closure THE country’s biggest coal mining firm said production had increased over the past year – despite disruption caused by a gas leak at one of its mines. UK Coal extracted 7.2m tonnes in the year to December 25 – a 3% increase on the previous year. The firm aimed to produce 7.3m tonnes of coal in the year, but had a setback in November when it was forced to shut a pit in Kellingley, North Yorkshire, following reports of dangerous levels of methane. The closure from November 23 to December 15 cost the company between 100,000 and 200,000 tonnes in lost production.

Staff at Kellingley and its other two deep mines, at Daw Mill near Coventry and Thoresby in Nottinghamshire, worked extra hours over much of the Christmas period to try to make up for the shortfall. Production at Kellingley was flat in the final quarter of 2010, but total output from ongoing deep mine operations nearly doubled to 1.8m tonnes compared with 1m tonnes the previous year, thanks to strong performances from the other two deep mines. But the 5.6m tonnes produced from deep mines in the year was slightly down on the 6m it said it aimed to achieve earlier in the year.

The alliance will see BP take an additional 9.5% stake in Russian government-owned Rosneft, while Rosneft will take a 5% stake in the London-based company. The deal will see Rosneft become BP’s biggest shareholder The firms will explore the Russian Arctic continental shelf in an area of the South Kara Sea covering more than 48,000sq miles – one of the world’s last remaining unexplored basins. It will give BP access to a new territory, while Rosneft will gain from BP’s expertise in deep-water drilling. But there were reports of a backlash from co-owners of TNK-BP, who are thought to be examining whether the Rosneft deal breaches their agreement to only pursue new opportunities in

Chocs away?

Russia through the venture. Experts at Collins Stewart said there may also be political opposition in the US and that doing more business in Russia will increase BP’s risk profile in the eyes of many investors. They said: “While this deal could prove to be a major long-term positive for BP, we think it raises a host of issues, both positive and negative.” Any reserves would take a long time to tap due to its remote location, they said. The deal has come under scrutiny in the US, where BP is a major supplier to the US military. BP suffered a PR disaster after the explosion on the Deepwater Horizon rig in April which killed 11 people and dumped millions of gallons of oil into the Gulf of Mexico.

ORGANIC chocolate maker Green & Black's is looking to buy itself out of US food giant Kraft following the Cadbury takeover last year, it is claimed. Bosses at Green & Black's are hoping to secure a management buyout or to hive themselves off under a different ownership structure, according to newspaper reports. Kraft acquired Green & Black's as part of its controversial takeover of Cadbury in early 2010. It is thought that Green & Black's approached Kraft with an initial proposal to spin-off from the firm at the end of last year, but the approach was reportedly rejected. Cadbury bought Green & Black's six years ago for an estimated £20m, having already taken a small stake in the group in 2002.

Royal wedding welcomed Boots steps up COMMEMORATIVE stamps, mugs and coasters are expected to give collectibles firm Stanley Gibbons a boost in the run up to the royal wedding, the group said. T h e c o m p a n y, w h i c h s e l l s everything from rare Penny Blacks to autographs by Marilyn Monroe, expects the wedding between Prince William and Kate Middleton, to drive sales throughout the spring. It said its recent acquisition of collectables firm Benham had also proved timely. Benham specialises in first covers – where postage stamps have been sent on their first day of issue – which are

expected to sell particularly well on the day of the royal event, April 29. Stanley Gibbons chief executive Michael Hall said: “The timing of the acquisition was excellent. It was in my strategy to acquire the firm ahead of the wedding, but we didn’t think we would get one so soon.” The positive outlook comes as Stanley Gibbons estimated turnover to be ahead of market expectations for the year to December 31 and profits to be in line with forecasts. The group said its businesses were developing in line with strategy and were in a stronger position to deliver continued growth to shareholders.

HEALTH and beauty chain Boots overcame last month’s heavy snowfall and freezing temperatures to lift like-for-like sales. Boots reported a 3.8% rise in UK same-store sales in December, driven by healthcare, fragrances and electrical goods. The group said it had made market share gains in its core health and beauty categories.

SHARE PRICES NORTH AMERICAN American Express £29.06 Gannett 934.91 Hess Corp £51.60 Microsoft 1778.08 Motors Liquidation 47.12 Wal-Mart Stores £34.44 AEROSPACE & DEFENCE Avon Rbbr 241 BAE Systems 3493/8 Rolls-Royce Gp 654 AIM Brady Plc 741/2 Dawson Intl 13/4 Man Brnze 43 AUTOMOBILES & PARTS GKN 2297/8 BANKS Barclays 3065/8 HSBC 7031/2 Lloyds Banking Gp 681/8 Ryl Scotland 421/4 Stan Chart 1700 BEVERAGES Diageo 1235 SABMiller £213/4 CHEMICALS Croda 1602 Elementis 98 1331/4 Johnsn Mat 1980 CONSTRUCTION & MATERIALS Balfour Beatty 3261/4 Costain 2261/4 ELECTRICITY

+2 +23/4 -1/2 1

+2 /2 -3/4 +77/8 -43/8 -61/4 -11/2 -3/8 -10 +10

+2 -1 +41/4 +11/4

Drax Gp 408 +67/8 Intl Power 4193/4 +41/4 Scottish & Sthrn 1201 +2 Energy ELECTRONIC & ELECTRICAL EQUIPMENT Laird 1735/8 +3/8 EQUITY INVESTMENT INSTRUMENTS Alliance Trust 371 -1 FIXED LINE TELECOM SERVICES BT Grp 1831/4 +11/4 Cable & Wireless 501/8 +3/8 Comm Cable & Wireless 701/4 -1/4 Wwide 5 Colt Group 143 /8 +31/4 KCOM 60 +1/2 3 Talktalk Telecom 160 /4 -11/4 FOOD & DRUG RETAILERS Morrison W 2675/8 +3/4 Sainsbury 3801/2 +3/4 1 Tesco 410 /2 +5 FOOD PRODUCERS AB Food 1112 -8 Nth Foods 611/4 +11/2 Tate Lyle 542 -21/2 Unilever 1881 -13 +1/4 Uniq 61/2 GAS, WATER & MULTIUTILITIES Centrica 3283/4 +15/8 National Grid 532 +1 Pennon Grp 637 +4 Severn 1416 -8 United Utils 563 +21/2 GENERAL FINANCIAL 3i Group 3271/4 -23/4

ICAP 5691/2 -1 London StockExch 8801/2 -1 3 Man Group 303 /4 -41/2 Provident Financial 961 -231/2 Schroders 1841 -45 Schroders NV 1443 -32 GENERAL INDUSTRIALS Cooksn Grp 6431/2 -21/2 REXAM 3491/2 -7/8 Smiths Grp 1381 +99 GENERAL RETAILERS Ashley L 191/2 +1/4 Carphone Whse 385 -63/4 3 Dixons Retail 21 /8 -1/4 Home Retail 2243/8 -1/4 Inchcape 3933/8 +7 Kingfisher 2641/8 +15/8 M&S 381 +33/8 1 Mothercare 533 /2 +41/2 Next £21 -1/8 WH Smith 4923/8 +11/2 HEALTH CARE EQUIPMENT & SERVICES Smith Nph 709 +24 HOUSEHOLD GOODS Aga Rangemaster 1271/2 +101/4 Barrat Dev 961/2 +3/4 3 Persimmon 435 /4 -2 Reckitt Benckiser £343/8 +1/4 Taylor Wimpey 351/8 +11/4 INDUSTRIAL ENGINEERING Charter 838 +25 +11/2 IMI 9431/2 INDUSTRIAL METALS Ferrexpo 4311/4 -77/8 INDUSTRIAL TRANSPORTATION

BBA Aviation 2257/8 Forth Ports 1380 LIFE INSURANCE Aviva 4283/4 Lgl & Gen 1081/8 Old Mutual 1267/8 Prudential 690 Resolution 2517/8 Standard Life 2231/8 MEDIA BSkyB 743 Chrysalis 1591/4 D Mail Tst 579 ITV 773/4 Johnston Press 103/4 Pearson 1001 Reed Elsevier 5531/2 STV Group 122 Trinity Mirror 92 Utd Business 7001/2 UTV 136 WPP 778 Yell Group 121/2 MINING Anglo American £327/8 Antofagasta 1489 BHP Billiton £245/8 Eurasian Natural 1072 Res Fresnillo 1439 Kazakhmys 1616 Lonmin 1887 Rio Tinto £437/8 VEDANTA £243/8 RESOURCES Xstrata 14761/2 MOBILE TELECOM SERVICES

+7/8 -2 -7/8 -17/8 -13/4 -7 +7/8 -3/4 -11/2 -1/4 -2 +3/8 +4 +51/2 +1/4 +81/2 -1/2 +4 +1/4 -1/8 -13 -1/8 -13 -53 -24 +7 -1/2 -1/4 1

-18 /2

Local shares Carclo Chapelthorpe Marshalls National Grid Weir Gp

3121/2 233/4 1161/4 532 1690

-21/2 +1/4 +21/2 +1 -49

FTSE closed at

5985.70 Down 16.37 Inmarsat 6371/2 -1 Vodafone Group 175 +3 NONLIFE INSURANCE Admiral Grp 1571 -2 RSA Insurance Gp 1347/8 +1 OIL & GAS PRODUCERS BG 13131/2 -6 BP 5003/4 +11/4 Cairn Energy 4471/4 -6 Royal Dutch Shell A £21 -1/8 Royal Dutch Shell B £21 -1/8 Total £351/4 -1/4 Tullow Oil 1365 -23 OIL EQUIPMENT & SERVICES AMEC 1205 +11 Petrofac 1618 +3 Wood Group 5441/2 -21/2

PERSONAL GOODS Burberry Gp 1059 +4 PHARMACEUTICALS & BIOTECHNOLOGY Astrazeneca £293/4 -1/8 Axis-Shield 3041/4 +133/4 GlaxoSmithK 20 Shire 1627 -3 REAL ESTATE Brit Land 5201/2 -7 Captl Shop Cent 3711/4 -37/8 DTZ Hldgs 413/4 -11/4 Hamrsn 4353/8 -3/4 Land Secs 693 -7 SEGRO 2983/4 -31/4 SOFTWARE ETC SERVICES Autonomy Corp 1465 -78 -1/4 Invensys 3583/8 Logica 1343/4 +3/4 5 Misys 330 /8 +1/4 Sage Group 2831/8 -21/2 SUPPORT SERVICES Berendsen 4413/8 +7/8 Bunzl 7661/2 +11/2 1 Capita 717 /2 +20 De La Rue 788 +10 Electrocomp 261 -7/8 Experian 7751/2 +1/2 3 G4S 271 /8 +13/4 Hays 1263/4 +13/8 1 Homeserve 445 /8 +43/4 Menzies J 435 -12 Rentokil 1013/4 +4 Smiths News 1031/4 -13/4 3 Wolseley £21 /4 -1/8 IT HARDWARE ARM Hldgs 5141/2 -16

Psion Spirent Comms

963/4 1391/4

+21/4 -21/4

TOBACCO Br Am Tob Imperial Tobacco

£231/2 1920

-1/8 +5

LEISURE & HOTELS Brit Airways Carnival Compass Grp easyJet Enterprise Inns FirstGroup Go-Ahead Gp Greene King Intercontl Htls Ladbrokes Mitchells & Butlers Natl Express PartyGaming Rank Org Stagecoach Group TUI Travel Whitbread

297 £311/4 567 4471/8 1101/4 3983/8 1318 4571/8 1323 1283/8 3513/8 2521/2 2087/8 132 2103/4 270 1818

+21/4 -1/8 +4 -33/8 -13/4 +28 +41/2 -9 +3/8 +11/2 -11/2 -21/2 -11/2 -13/4 +55/8 -12

FTSE 100

INDEX 5985.70

-16.37

FTSE 250

INDEX 11741.51

-0.90

TOURIST RATES Tourists going abroad can expect the following rates for sterling: Australia...................... 1.52 dollars Bangladesh................. 106.22 taka Brazil.............................. 2.39 reals Canada....................... 1.49 dollars China ............................. 9.34 yuan Czech Republic ...... 26.72 korunas Denmark....................... 8.46 krone Euro............................... 1.14 euro Hong Kong................ 11.70 dollars Hungary................... 295.05 forints India.......................... 63.61 rupees Japan........................... 125.17 yen Mexico ....................... 17.00 pesos New Zealand .............. 1.92 dollars Norway ......................... 8.86 krone Pakistan.................. 127.70 rupees Philippines ................. 60.38 pesos South Africa................. 10.29 rand South Korea.............. 1542.00 won Sri Lanka ................ 165.78 rupees Sweden....................... 10.13 krona Switzerland.................. 1.46 francs Taiwan ...................... 40.18 dollars Turkey....................... 2.31 new lira USA ............................ 1.51 dollars


local

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KIRKLEES BUSIN

New office that’s home from home A KIRKLEES marketing agency has marked five years of continuous growth with a move to bigger premises – without having to change its address! Fantastic Media has transferred from its existing premises to an office building twice as big – but still on the same business complex at Hawthorne House, Dark Lane, Birstall. Managing director Andy Hobson said the switch represented a six-figure investment by the firm, adding: “Increased workspace, additional health facilities and infrastructure upgrades will improve quality, productivity and value for clients in a move which will kick start 2011. “The launch of a new corporate website completes the move.” Mr Hobson said the company would make full use of the extra space by introducing new team members to strengthen the agency and ensure that growth throughout

2011 continues at the same pace. Fa n t a s t i c M e d i a r e c e n t l y announced plans to invest in young local people by delivering mentoring courses with schools, colleges and universities in the region and has already established links with various education providers. Said Mr Hobson: “The investment in our environment and infrastructure signals our intention to be around for a while and become the leading results-driven, full service marketing business in Yorkshire. “We invest in our people, who invest in our clients which in turn delivers results! Couple this with the fact that we offer value and I know we have a business which will continue its growth model through 2011.” Fantastic Media offers a full marketing mix of services from strategic planning to web, graphic design, online marketing, print and PR for national and international clients

■ STAR TURN: Andy Hobson, managing director of Fantastic Media, which has moved to new premises at Birstall

including Card Factory, Bonmarché, Chadwick Lawrence Solicitors, Northern Commercials,

Paxman Coolers, Bedfords Transport and several National League football clubs.

Pension implications HE Government will T bring in new laws from 2012 that will have an

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impact on every employer in the UK. For the first time ever, employers will be required to automatically enrol eligible employees into a pension scheme and pay contributions for them. Auto enrolment will apply to all employers and there will be no exemption based on the size of the employer. Employer duties will be phased in over a four year period starting with the larger employers (120,000 employees plus) in October, 2012, through to 2016. The Pensions Regulator will be responsible for compliance with the new regime and will write to each employer 12 months and three months in advance of their staging date to advise them of their duties. By October, 2017, employers will be required to contribute 3% of an employee’s “qualifying earnings” and the employee will be required to contribute 4%. Tax relief of 1% will then be added to make a total minimum contribution of 8% of qualifying earnings. Contributions will be phased in over a five-year period starting with 1% employer and 1% employee (October, 2012, to September, 2016) then increas-

FINANCIAL FOCUS Karen Wynard

ing to 2% employer and 3% employee (October, 2016, to September, 2017) before finally reaching the full 3% employer and 5% employee in October, 2017. The employee contribution figures quoted include tax relief. Qualifying earnings in 2010/11 terms are all employee earnings between the National Insurance primary threshold (£5,715 in 2010/11) and an upper limit (£38,185 in 2010/11 terms). Employees eligible for auto enrolment will be those who are aged between 22 and state pension age with earnings equal to or greater than the personal allowance (£7,475 from 2011/12). All eligible employees, whether they are full-time, part-time, temporary or fixed term contract workers will need to be auto enrolled within three months of becoming eligible. In the case of agency workers, they will be treated as employees of

whoever pays or is responsible for paying them for their work. Employers will need to auto enrol eligible employees into a Qualifying Workplace Pension Scheme (QWPS) and this can be their own private scheme or the government built scheme, the National Employment Savings Trust (NEST). Alternatively, a combination of the two can be used. There are various differences between private provision and the government scheme and before making a decision, employers would be well advised to consult an independent financial adviser in order to weigh up the advantages and disadvantages of the two options. These reforms are less than two years away and will have a big impact on future business planning. The reforms are going to happen and employers need to start considering their options sooner rather than later.

Karen Wynard is head of corporate services at Eastwood & Partners (Financial Services) Ltd.

Firms are in the mood to switch MORE than a third of firms in Yorkshire plan to switch banks in the next two or three years, says a survey. The poll by Yorkshire Bank’s West Yorkshire Financial Solutions Centre, which covers Huddersfield, said that 38% of businesses were planning to switch – due to poor service and general dissatisfaction with their current banks or to take up new offers and better rates from other providers. The survey also showed that 15% of 85 businesses in the region had switched banks in the past two years. Some 27% of them had moved to take advantage of new offers and rates while 11% blamed poor service from their previous supplier. Andy Davison (pictured), managing partner at Yorkshire Bank’s West Yorkshire FSC in Bradford, said: “Yorkshire businesses – including those in West Yorkshire – have been incredibly loyal to their banks, but this research suggests a growing number are considering switching. “We believe many West Yorkshire businesses will use 2011 to consider if their current bank truly fits their needs and future growth potential. If not, it will be no surprise if businesses start to switch bank in the next couple of years.” He said: “West Yorkshire businesses will need more than just financial support to help them grow and exploit opportunities during the next 12 to 18 months. “They will need a bank which can understand what makes them tick and the challenges they face.” Yorkshire Bank has pledged to lend £2bn to Yorkshire businesses and mortgage applicants by autumn this year.

Chance to join the cafe society BUSINESSES are set for some informal networking in Huddersfield this week. Ramsdens Solicitors, the Media Centre and text messaging specialist SMileS have joined forces to host the free event from 5.30pm on Thursday at Cafe Ollo in the Media Centre at Northumberland Street. The get-together is born out of the Kirklees and Calderdale Business Group on LinkedIn, but firms don’t have to be a member of the group to attend. Sinead Sopala, marketing manager at Ramsdens, said: “Not only will you be able to meet and network with our members in the ‘real world’ but it’s about creating connections, making friends and having fun.” Call 01484 558087 or email sinead.sopala@ramsdens.co.uk


NESS NEWS

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Time to motivate your workforce!

■ COUNT THE COST: Russ Piper, of Sovereign Health Care

EMPLOYERS must ensure they keep the well-being of their workers uppermost – despite the pressures to cut costs. Russ Piper, chief executive at Sovereign Health Care, said: “In times of austerity, it is important that employers don’t forget about our employees’ wellbeing and motivation. “Even in these difficult times we still have a range of responsibilities – some legal and some moral – and it is now more important than ever that these responsibilities are not disregarded just on the grounds of cost.” Mr Piper said many businesses recognised that employees were their most important asset – as well as often being their biggest overhead. “The balancing act is keeping employees motivated, meeting required legislation such as duty of care at work but equally spending every pound as wisely and efficiently as possible,” he said.

“Employers who want to show their employees they care can use a range of initiatives that support this outcome but also deliver other benefits to the company. “Small steps such as providing free fruit at work or negotiating special deals on gym membership can support a healthy lifestyle that benefits the individual directly and may benefit the employer through improved productivity at work. “Take this one step further and a variety of other business benefits such as supporting duty of care issues, mitigating stress at work and reducing workplace absence rates can also be derived while supporting the employee at work and a promoting healthy lifestyle initiatives.” Mr Piper said health care benefits were generally seen as a clear demonstration from the employer that they care for their employees. Often taking the form of

Batley firm motoring on A MOTOR dealer software package has found favour with four more UK insurance providers. The DealTrak system, supplied by Batley-based Frontline Solutions, has been taken up by Mapfre Abraxas, Smart Insurance, Auto Protect and Moore & York Holdings. They join a growing list of finance and insurance providers linked to DealTrak. The DealTrak system uses latest technology to connect motor dealers to an array of market leading lenders when sorting out finance and insurance for customers. By linking into the system, the four insurers will be able to receive policies from customers who qualify

for their specific products at point of sale. Dealers and introducers can also opt to allow the insurers to re-solicit missed opportunities. Marcus Dixon, regional manager of Mapfre Abraxas, said: “We are delighted to be able to link into the DealTrak systems, and are already seeing the benefits. “Our partners don’t have to enter details twice now that all entries are automated, making it easier and much faster to find information. “Our call centre operation for re-solicitation is now geared up and ready to share the success with our partners as well.” Tony Ulph, of Smart Insurance,

Agency is taken over A RECRUITMENT company with offices in Kirklees has completed a takeover. Staffline Group plc, which has a branch at Westgate, Cleckheaton, has acquired the trade and assets of Kelburn Industrial, a Newcastle-based recruitment firm. Andy Hogarth, chairman

and chief executive at Nottingham-based Staffline, said the takeover was in line with the company’s business strategy of making selective acquisitions and a “fantastic” opportunity for the business.. Kelburn Industrial specialises in supplying temporary industrial labour.

said: “We were first attracted to the DealTrak systems as we would be able to link into its full network of customers which span the UK. Integration with the systems was simple and effective and we are now able to offer our services to a large customer base via a trusted established system.” Andy Shuter, managing director of Frontline Solutions, said: “This is a great opportunity for DealTrak to appeal to an even larger customer base. “These insurers are well established and creditable providers. I look forward to developing our relationships as we continue to expand the DealTrak systems.”

Society’s great save A BUILDING society with roots in Huddersfield has been recognised for the products it offers to young savers. The Yorkshire Building Society picked up the trophy in the category for Youth Savings Account at the Moneywise Children’s Savings Awards 2011 for its Freedom account. The society was also highly commended in the Best Children’s Savings Account category for its One Day account. The Moneywise Children’s Savings Awards are the only UK awards that take a complete look at financial products for children and set a benchmark for achievement based on performance, consistency and choice. Sarah Lawrence, senior product manager for savings at the Bradford-based society, said the products were designed to encourage young people to get into the savings habit from an early age. The award is the latest in a string of accolades received by the Yorkshire during 2010, including the Moneywise Best ISA Service Provider and What Mortgage Best National Building Society.

private medical insurance, these benefits could be reserved for selected employees – due to cost – and in reality are generally used in the case of illness or injuries. Said Mr Piper: “Health care cash plans funded by the employer are increasingly being seen as a cost-effective way of delivering benefits for both employer and employee alike. “According to the Chartered Institute of Personnel and Development Absence Survey 2010, the majority of absence outside the normal colds, headaches and upset stomachs tend to be stress-related and musculoskeletal disorders. “With cash plans including benefits such as 24/7 telephone help lines, access to counselling and cash back on physiotherapy as well as the widely used optical and dental benefits, b o t h t h e e m p l oye r a n d employee boxes are ticked in a mutually beneficial and cost effective fashion.”

PROPERTY MANAGEMENT AGENTS CONSULTANT ADVISOR •

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Modern Industrial Units To Let Fieldhouse Park, Leeds Road, Huddersfield Units 9 and 10 From 10,322 to 13,706sq ft Secure site which benefits from CCTV monitoring. Ideally situated for M62, on a main road location. Terms available on application. Contact:

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property For Sale

Car Sales & MOT Station Well lane, Batley, WF17 5HQ

1 Garage and substantial car display area 1 378m2 (4,071 sq ft) 1 Site area of 0.22 ha (0.54 acres) approx 1 Edge of town centre location Price: on application

To leT

Office Suites

Marshall Hall Mills, elland lane, elland

1 Refurbished, attractive office suites 1 232.15 – 468.28m2 (2,499 – 5,041 sq ft) 1 Generous on-site car parking 1 Ease of access to J24 of M62 motorway rent: £8 psf per annum exclusive

To leT

Warehouse/Workshop Units

Calder Trading estate, lower Quarry road, Huddersfield, HD5 0rr

1 Various warehouse/workshop units 1 74.14 – 1,036m2 (798 – 11,151 sq ft) 1 Located off busy A62 Leeds/Huddersfield Trunk Road 1 Close to J25 of M62 motorway rent: £2.75 psf per annum exclusive

To leT (May Sell)

Predominantly Single Storey Factory Premises

Vulcan & Victoria Works, Brighouse , HD6 1NB

1 3,941m2 (42,416 sq ft) 1 Subdivision possible 1 Close to J25 of M62 motorway rent: From £2 per sq ft per annum

To leT

Office Suites

york House, 67 Bradford road, Brighouse, HD6 1rS

1 Character period office suites 1 21.88 – 118.4m2 (236 – 1,275 sq ft) rent: From £8 psf per annum exclusive

To leT

Office Suites

Pennine House, Bradley Business Park, longbow Close, Huddersfield, HD2 1ra

1 Office suites 1 117 – 362m2 (1,260 – 3,900 sq ft) 1 Good quality specification 1 Generous car parking provision rent: From £10 psf per annum exclusive

To leT/May Sell

Caldervale Works

river Street, Brighouse, HD6 1Nl

1 Various modern refurbished workshop units 1 265 – 2,748m2 (2,857 – 29,581 sq ft) 1 Ample secure yard/parking provision rent: Upon application

For Sale – NEW INSTRUCTION West Vale Civic Hall

rochdale road, Greetland, Halifax, HX4 8aH

1 Substantial stone building 1 667.14m2 (7,181 sq ft) 1 Offices/stores/workshop 1 Alternative use potential 1 Previous consent for residential conversion Guide Price: £285,000

Page 6

Optimism for rental market A LETTINGS agency in Huddersfield is predicting a period of “dynamic” growth for the residential property rental market in 2011– and “near-perfect” market conditions for long-term investment landlords. Belvoir Lettings, which offices in St Peter’s Street, said that rents was rising at a time when prospective homeowners continued to face barriers to borrowing such as tight mortgage lending criteria, job-related relocation and an uncertain financial future. Huddersfield office manager Srini Ram said: “Across our region, demand from tenants continues to grow and exceeds supply as many consumers are deciding to rent property rather than buy.” “Consumers are feeling the pinch and are still worried about the impact of cutbacks and a possible ongoing recession and are deciding it’s wise to wait before committing themselves to a long-term house purchase.” He said: “We are seeing a rise in residential lettings which, I believe, will continue throughout 2011. “And with rental values expected to continue a pattern of steady growth as the year goes on, it’s never been a better time to be a landlord – or indeed a tenant – with all the security which comes with renting.” OPPORTUNITIES: Dorian Gonsalves, Figures from the Association of Residential ■ managing director of Belvoir Lettings Lettings Agents show that nationwide demand for rental properties has rocketed to an eight-year high. More than 70% of letting agents across the UK reported a surge in Belvoir predicts that rents could increase by demand – more than double the figure in 2007 some 5 to 10% over the next 12 months and at the peak of the property boom. that renting will remain he preferred alternatBelvoir managing director Dorian Gon- ive to home ownership – enabling people to salves said he was optimistic about the rental become increasingly mobile in their search for market in 2011 – adding that the Govern- the right work. ment’s recent Comprehensive Spending It predicts that residential sales will conReview will also have a significant impact. “With hundreds of thousands of public tinue to struggle “for the foreseeable future” sector job cuts planned for 2011 and families as banks continue to make far more difficult on lower incomes facing dramatic benefit lending decisions. Long-term investors in buy- to-let property reductions, there will be less ability or willingwill be the catalyst to attract much-needed ness to commit to a mortgage,” he said. “I strongly believe that these exceptional private capital in the local residential property market conditions, which include falling market, according to Belvoir. But with the scaling down of government property prices, continued low interest rates and unprecedented tenant demand, will schemes such as Homebuy, new initiatives will provide a major boost to the residential be needed to increase the flow of properties property market and a fantastic opportunity onto the market and keep the recovery on track. for long-term investment landlords.”

Viewing 2012 with confidence LANDLORDS are looking forward to the coming 12 months with confidence, according to a survey. Excellent levels of tenant demand, strong pricing power, stable interest rates and improving buy-to-let mortgage conditions are combining to create a brighter picture for the sector, says a poll by specialist lender The Paragon Group. The survey showed that 71% of landlords were optimistic about 2011 prospects for their portfolios during the forthcoming year due to a range of factors. More than half of landlords said they were optimistic about tenant demand during the year, with 48% stating that stable interest rates will be a key positive in 2011. Meanwhile, the ability to increase rents was cited as a major reason to be optimistic by 30% of landlords, while landlords were also pleased with the wider availability of buy-to-let mortgage finance (16%) and easier mortgage lenders’ criteria (13%). Regulation tops private rented sector landlords’ list of concerns for the second year in a row. Nearly half of landlords said they

were worried about complying with the level of regulation required in relation to running their property business during the year. Other concerns included tenant unemployment, falling tenant demand and the introduction of new Housing Benefit caps. Financially sophisticated landlords plan to make a range of investments during 2011. Along with residential property (25%), landlords plan to invest in equities (32%), bonds/gilts (12%), commodities (11%), precious metals (9%) and commercial property (7.1%), as well as holding cash savings (14%). On average, landlords believe the Bank of England’s Base Rate will end the year at 1%, up from the current rate of 0.5%. Nigel Terrington, Paragon Group chief executive, said: “It is clear that confidence is high among landlords in the private rented sector.” “They are benefiting from excellent levels of tenant demand, low finance costs and a strong pricing position. The availability of buy-to-let mortgage finance is also easing, albeit somewhat slowly.”


Industrial Off Wakefield Road, Lepton 650 – 15,650 sq ft

Modern industrial/warehouse complex with offices immediately adjacent main Wakefield Road.

To LeT

Industrial

Industrial

Preliminary Announcement

Development Land

To LeT

Barncliffe Business Park, Shelley, Huddersfield 62 m2 – 678 m2 (667 – 7,298 sq ft)

Unit M2, Colneside Business Park, George Street, Milnsbridge 850 m2 (9,151 sq ft)

Modern single storey warehouse/ industrial unit with good site loading and parking. Well located for M1.

Modern industrial/warehouse unit with offices with good on site loading and parking.

Flexible Terms

Development/Industrial

Large site with consent for B1 development and potentially suitable for alternative uses (STP) just off main Bradford Road.

www.michaelsteel.co.uk

102-104 Greenside Road, Mirfield 88 m2 (946 sq ft) Ground floor retail/catering premises suitable for a variety of commercial/ food uses (STP) near Co-op and Indian restaurant.

Multi occupied mill complex part income producing part vacant with redevelopment potential (STP).

FoR SALe

Immediately Available

Commercial/Retail Brook Mills, Carr Lane, Slaithwaite, Huddersfield 3,305 m2 (35,576 sq ft) on 0.81 acres

Alexandra Road/ Mill Lane, Batley 1.121 ha (3.01 acres)

FoR SALe

To LeT

FoR SALe/MAY LeT

For more information contact Alec Michael on 07717 870 320 or email alec@michaelsteel.co.uk


KIRKLEES BUSINESS NEWS

James Craddock

Monument Investments PROPERTY group Monument Investment Holdings Ltd has appointed former Hull City FC finance director James Craddock as finance director. Mr Craddock (right) James joins the Yorkshire-based team from the KC Stadium, where he helped steer the club through its recent Premiership and Championship league campaigns. Before taking up his role at the club, he was a senior manager at Deloitte’s Leeds office and later joined a regional property developer. In his new role, Mr Craddock – pictured with Monument Investment chairman Warren Hill – takes responsibility for managing the assets of the group’s two core businesses, Prospect Business Centres and Loxley Homes, in addition to its extensive property portfolio across the UK.

Paul Morris

St James Securities

Movers and shakers

Tycoon takes conference call A BATLEY-based businessman whose interests include building sports cars will join a high-powered panel at a major conference this spring. L a w r e n c e To m l i n s o n , founder and chairman of Leeds-based LNT Group, has joined the growing line-up for the first-ever Billion Pound Panel, which will feature at The Yorkshire Mafia Conference on March 15. Mr Tomlinson, who grew up in Batley and attended Bradford University, will join Town chairman Dean Hoyle and a number of other outstanding entrepreneurs to give advice and personal insights at the conference, which will be held at The Royal Ar mouries in Leeds. Said Mr Tomlinson: “I was delighted to be invited to sit on the Billion Pound Panel. “Yorkshire is a hotbed of

entrepreneurial talent and I’m happy to share my experiences with like-minded people in the region, who are keen to make their mark on the world of business. “It would have been useful to have a forum like this when I was a graduate setting up my own business.” Mr Tomlinson, who has an estimated fortune of £400m, was named as the 168th richest person in the UK in the annual Sunday Times Rich List last year. His group consists of five core businesses – Ginetta Cars, Ideal Care Homes, LNT Software, LNT Solutions and LNT Construction. Conference organiser Danny Matharu, of Birstall-based Hill- ■ DRIVING FORCE: Lawrence Tomlinson (right), chairman of rich, said: “Yet again, Kirklees LNT Group, with Danny Matharu, of Hillrich has produced one of the UK’s leading businessmen and it is a The Yorkshire Mafia Confer- There will also be seminars and great honour to have Lawrence ence will bring together more an exhibition. Go to www.the on the panel.” than 1,000 decision-makers. yorkshire mafiaconference.com

Are you sitting comfortably?

DEVELOPER St James Securities has appointed Paul Morris to the team. Mr Morris is a former director and head of development and agency at property agents Lambert Smith Hampton in Leeds. More recently, he ran his own property company. Mr Morris studied urban estate management at the University of Glamorgan and qualified as a chartered surveyor in 1992. He has been practising in the development and agency fields in Yorkshire and the north-east of England for more than 20 years – providing development consultancy to both the private and public sectors for large-scale developments and urban regeneration schemes.

Simon Reid

Christie + Co SIMON Reid has joined property agent Christie & Co in West Yorkshire to provide valuation advice in the healthcare, hotels, restaurants, public houses, retail and leisure sectors. Mr Reid (pictured) has more than 20 years experience in providing valuation advice on a diverse range of property types, having worked for a number of corporate commercial practices. He is a fellow member of the Royal Institution of Chartered Surveyors. Lead director David Lee said: “Simon’s experience makes a perfect fit in our Leeds valuation team as he has a wealth of knowledge and experience that he will be able to draw upon. His appointment will enable us to strengthen our position as one of the industry’s key players in this field.”

Page 8

■ SEATING PLAN: Nigel (left) and Courtney Richmond, directors of Comfy Living Interiors, donate the chair to Kathy Rogan, corporate fundraiser from Overgate Hospice at Elland BOSSES at one company can’t be accused of sitting down on the job. Comfy Living Interiors has donated a luxurious recliner for patients at Overgate Hospice in Elland. Nigel and Courtney Richmond, directors of the Halifax firm, presented the chair to Kathy Rogan, corporate fundraiser from the hospice. The donation is part of a national campaign by chair manufacturer Joynson Holland to donate 100 chairs to deserving causes through its network

of retailers. Joynson Holland, part of the Willis & Gambier group, launched its campaign during a performance given to shoppers at the Trafford Centre by the Charity Dreamgirls, three female friends led by Holywell Green businesswoman Kate Hardcastle, who stage music-related events to raise funds for good causes. It is also the second time Overgate has benefited from the drive. It was one of five organisations to receive recliners worth more than £4,500 at the launch.

Talking about technology A HUDDERSFIELD businessman has been invited to join the panel at a high-profile event for the technology sector next week. Andy Earnshaw (pictured), business development manager for Golcar-based text messaging specialist SMileS SMS will take part in Moving Buyers, Moving Media, which will be held next Tuesday in Manchester. Mr Earnshaw has been chosen to take part because of his in-depth knowledge of mobile communication and his overall experience in leading-edge marketing. Said Mr Earnshaw: “Technology continues to be a sector of great innovation, growth and complexity with its own unique set of challenges and opportunities for marketers. “Sage and The Pocket Agency will provide key speakers to explain how they have achieved high growth for their technology- based businesses – using a mix of different marketing techniques and communication channels.” The event at Manchester Business School is one in a series of activities organised by the Technology Market Interest Group – a special interest group of the Chartered Institute of Marketing. Said Mr Earnshaw: “This is an opportunity to hear first hand from leading industry practitioners, gain future insights, take part in panel discussions and debate with like minded peers who understand the marketing dynamics and aspirations of the technology sector.”

Kirklees Business Supplement 18th January 2011  

The latest business news from your Huddersfield Exmaniner.

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