In Brief: Gordons; Bestobell Marine; Turner Lister & Co; Castle Square Corporate Finance
LAW firm Gordons advised online discount food and drink retailer Approved Food on its expansion into a 60,000 sq ft warehouse facility in Sheffield as the company anticipates year-on-year sales growth of 20%.
Gordons secured a five-year lease on the warehouse for Approved Food with landlord MCR. Located close to Sheffield Parkway, the new facility is three times the size of the company’s former warehouse in Dinnington.
Last year Approved Food dispatched more than 110,000 orders comprising almost nine million items throughout the UK and Europe, generating a turnover in excess of £4m. Since moving into the new warehouse, the company has experienced its best ever month in terms of sales, 22.5% up on the same period last year.
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SHEFFIELD-based Bestobell Marine, part of the President Engineering Group, is celebrating after securing a major new contract with Hudong Zhongua shipyard in Shanghai.
The new contract is to supply cryogenic globe and check valves and Bestobell’s unique Float Level Insulation Valves (FLIV) for use on the four Teekay shipping vessels to be chartered by BG Group.
This latest order takes the total number of Chinese vessels using Bestobell’s valves to 14, helping the company secure its position as a major supplier of cryogenic globe and check valves for Liquefied Natural Gas Carriers (LNGC) in China.
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A NEW accountancy firm specialising in working with start-ups, SMEs and ambitious entrepreneurs says it has secured 160 clients before even officially launching its brand.
Turner Lister & Co, based in Wetherby and up to now trading as Polaris 3, is run by Claire Turner and James Lister, who say that 110 limited companies and more than 50 sole traders are already on the books.
Managing director and chartered tax advisor Claire Turner said: “We’ve just got off to the best start, and only on word of mouth.
“We are passionate about small businesses, start-ups and ambitious companies and make it our mission to get to know people so we can provide a wide range of advice. For us, it’s about knowing not just our clients’ businesses, but the client as well as that’s the best way to help them grow.”
The duo were formerly at Leeds accountants WGN, Turner as a partner and Lister as an accountant, before leaving earlier in the year to set up a business together.
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YORKSHIRE-based dealmakers have advised building products manufacturer YBS Composites on a restructuring and management buy-out that has preserved the jobs of all staff at factories in Bolton and Larbert in Scotland.
Managing director Adrian Woodhall led the buyout and funding for the deal and working capital was provided by Ultimate Finance. Sheffield-based deal making firm Castle Square Corporate Finance advised the management team alongside lawyers from Lupton Fawcett Denison Till and corporate recovery specialists Wilson Field.
YBS Composites produce Glass Reinforced Plastic Products into builder’s merchants and the property renovation market and can count household names like Travis Perkins and Countryside Properties amongst its customer base.
Kevan Shaw, director at Castle Square, said: “We are delighted to have advised Adrian on this transaction. YBS composites is a growing and profitable business and this transaction will allow it to fund future growth.”
