In Brief: Richard Alan Engineering; Strata Homes; WSB
BUOYANT business Richard Alan Engineering, has won two major new contracts.
The business, which manufactures a range of engineered equipment in the water, chemical, process and manufacturing industries, has been awarded a two-year contract to undertake maintenance services for kitchen sink, tap and accessories manufacturer Astracast in a deal worth over £300,000.
The Dewsbury-headquartered business has also announced it has been awarded a three-year contract to undertake mechanical and thermal insulation maintenance services for agrochemical giant Nufarm.
Nufarm is the ninth largest Agricultural Chemical supplier in the world, according to the business, providing crop protection chemicals around the globe.
Richard Alan Engineering is a part of the Richard Alan Group, which was recently recognised by the London Stock Exchange Group as one of the ‘1000 Companies to Inspire Britain’. Founded in 1970, the group specialises in engineering, manufacturing and construction.
:::
STRATA Homes will acquire new land and increase building thanks to a £30m funding package.
The Doncaster-based regional privately owned house builder is set for further growth after agreeing the funding with Royal Bank of Scotland Corporate & Institutional Banking (RBS CIB) to support the acquisition of new sites.
The company has a turnover in excess of £82m from the sale of around 530 new homes. KPMG advised Strata on the transaction.
Irving Weaver, chairman, Strata Homes, said: “The support from RBS CIB puts us in an excellent position for growth. The Leeds-based RBS CIB team showed a clear understanding of the house building sector as well as our requirements and goals and we were very impressed with the bespoke funding package they offered us. We are looking forward to building a strong relationship with RBS CIB.”
Giles Taylor, director, KPMG, added: “We are delighted to have advised Strata on this latest deal. The partnership between the business and RBS comes at a great time with the housing market picking up strongly, providing lots of opportunities for further growth for players with this sort of funding support.”
Stuart Heslop, regional director, RBS CIB, said: “We are delighted to be supporting Strata as it continues to deliver a growing number of new home completions in Yorkshire.
“The house building sector is key to the UK’s recovery and is a barometer of confidence in the country and we are now seeing good levels of growth across the country in the sector. Supporting house building is a key priority for the RBS team on the ground and we hope that this is the first of a number of opportunities for us as we move in to 2014.”
:::
A LEEDS-based property agency has played a major role in evolving plans for a £30m leisure complex.
Terrace Hill has announced that Darlington Borough Council has granted planning permission for Feethams, a £30m leisure scheme that will regenerate a 1.9-acre former bus station in Darlington town centre into a cinema, hotel and restaurant complex.
Adam Mobley, partner at WSB Property Consultants, said: “We have worked extremely hard to reach this stage in the process with a number of parties committing to the scheme who recognize the significant consumer demand that exists in Darlington that the Feethams can satisfy. We aim to create a leisure destination that the town can be proud of.”
The joint marketing agents for Feethams are WSB and Jones Lang Lasalle.
