Doncaster developer to invest £50m in Halifax housing development
Yorkshire law firm makes trio of hires
Improving sentiment and available buildings position South Yorkshire and NE Derbyshire well for 2025 occupier demand
Views sought to shape future of Hull city centre
- Identifying key development plots in the city centre.
- Moving towards a more climate-conscious city centre, both through futureproof development and the enhancement of sustainable transport infrastructure.
- Defining key neighbourhood/district uses and identities.
- Addressing flood risks through sustainable practices and attractive landscaping.
- Enhancing the outdoor public spaces and family offer, as well as improving accessibility across the city centre.
- Raising the profile of Hull to help drive more inward investment and development.
- Growing the local economy, creating more jobs and supporting new and existing businesses.
- Increasing the number of homes in and around the city centre, helping to create a more vibrant, active and safer destination.
East Yorkshire law firm hands ownership to employees
Security group aquires Leeds locksmith
Croma Security Solutions Group has acquired Meridian, a well-established, family-run locksmith business based in Horsforth, Leeds for a total cash consideration of £150,000.
In a separate transaction, the company acquired a freehold retail property for a total cash consideration of £275,000 from the vendor’s pension fund.
Founded and owned by John and Kim Taylor in 2004, Meridian has been providing locksmith services and electronic security systems to the local resident and business community for over 20 years.
Operating from a single store, as well as providing a successful online service, Meridian has six employees of whom three are part of the Taylor family, and all of whom will remain with the business.
For the 12 months to 31 December 2023, Meridian generated revenues of £836,000 and profit before tax of £46,000.
Located in Horsforth, Leeds the store extends the Croma network northwards and is in easy reach of the group’s security centre in Bury. Meridian enjoys a high level of electronic security sales which is part of Bury’s core expertise and so the two sites should combine well and have already begun to collaborate.
The acquisition of Meridian is part of the group’s broader strategic plan to build a national network of modern security centres. Meridian will be incorporated into the business, benefiting from a broader product range and centralised services. The store will continue to service the local existing customer base, as well as the wider Croma network of commercial clients.
John Taylor, Managing Director of Meridian, said: “We have been looking to balance our desire to realise the value in our business whilst also continuing to work.
“Croma is therefore an ideal partner for us, they have a strong track record of incorporating similar businesses to ours into the Group and they have the skills and expertise to grow Meridian, especially in the commercial market where historically we have struggled to meet demand.
“As the founder of the business and having grown it from scratch, I’m excited to continue my career as part of the Croma team.”
Roberto Fiorentino, Chief Executive Officer, said: “We are delighted to welcome Meridian into the Group. The business meets all our criteria and is therefore a strong fit.
“We anticipate being able to increase the profitability of the business ensuring it quickly becomes earnings accretive and extends our geographic reach. As importantly, we have a good pipeline of further transactions which we are looking forward to bringing to completion.”
University develops footballs for UEFA leagues
Microsoft pledges £150k to support Bradford student’s app idea
A Bradford College student has been pledged £150,000 by Microsoft towards digital infrastructure for his start-up.
Abdul Rahman Majid’s idea for ‘Kallabot’, developed when he moved to Bradford and experienced difficulties trying to communicate with utility companies regarding bill payments.
The app is described as an ‘AI-powered call-centre solution’ offering automated customer support, sales calls, and appointment scheduling using intelligent virtual agents. The AI agents are specially designed to suit various business industries, are programmed to handle hundreds of calls simultaneously, and can speak over 30 languages.
Abdul said: “I noticed that many businesses are outsourcing this sort of work by hiring entire call centres, so wanted to build a more affordable solution that could provide the same service.
“When I was calling companies, I would often wait on hold for considerable amounts of time and knew there could be a better alternative. Sales calls can be a tedious process and often very resource intensive for businesses, meaning less time to focus on other areas. This is what sparked the idea.”
With Kallabot formed and ready to launch to market, Abdul decided to apply for funding from Microsoft aimed at start-ups in the sector. Having been successful with the bid, the new company has been backed with funding of £150,000 to use on digital infrastructure such as servers and website domains.
“The call centre industry is a huge pie and I want to take a small piece of this to build something big. After Bradford College I want to go to university and make new friends and connections, while also hopefully seeing Kallabot flourish,”Abdul finished.