In Brief: Newtons Solicitors; Kingston Veterinary Group; Pressure Technologies
NEWTONS Solicitors expects to see fee income rise this year due to the increased number of multi-million pound property deals and business acquisitions it is advising on.
The firm had a successful 2014 with the acquisition of long-established practice, Thorp Parker, Stokesley, and opening of Newtons Solicitors Ilkley office.
Managing director, Chris Newton, said: “Our group fee income increased from £1.8m in 2013 to £2.6m in 2014, and is expected to leap to £3.7m in 2015 driven partly by the increased number of multi-million pound property deals and business acquisitions upon which the firm is being asked to advise. Credit has to go to our superb team that continues to deliver and attract more clients and lawyers who want to work with us.
“Our success in 2014 has already attracted four new solicitors who are signed up to join us in 2015 together with further potential law firm acquisitions. Our medium term goal of reaching a £5m fee income is now in sight.”
Newtons Solicitors also has offices in Harrogate, Ripon, York, Leyburn, Richmond and Darlington.
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THE Kingston Veterinary Group is continuing its expansion by building a new surgery in East Yorkshire.
Work on the new £400,000 surgery, on Main Road, Thorngumbald, will begin today and is due to be completed in March. It involves completely remodelling and refurbishing an existing building to create a surgery covering 2200 sq ft. The surgery will have an operating theatre, dental facilities, separate dog and cat wards, three consulting rooms, a pharmacy and car parking.
Kingston Veterinary Group also has surgeries at Park Street, Beverley Road and Holderness Road in Hull, and also at Cottingham and Anlaby.
The company has also announced plans to invest £750,000 to double the size of its veterinary hospital in Park Street. The work is going out to tender now and the expansion is due to be completed by the summer.
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PRESSURE Technologies has completed the acquisition of the freehold land and buildings at Meadowhall Road, Sheffield, where the company’s subsidiary, Chesterfield Special Cylinders has been operating since July 2005 and where Chesterfield Biogas is also based.
The company has paid £3,360,000 for the property, inclusive of £160,000 stamp duty which is funded from the company’s exisiting debt facilities.
Alan Wilson, chairman of Pressure Technologies, said: “We are delighted to have concluded the acquisition of the property, which will result in cost savings as well as providing long-term operational certainty and flexibility for Chesterfield Special Cylinders and Chesterfield BioGas.”
