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Bell Pottinger North - Client News
Friday, December 23, 2005
A Look Ahead To 2006


23 December, 2005

A Look Ahead To 2006...

According to Beachcroft Wansbroughs, Manchester's fastest growing law firm, 2006 could see the beginning of the end for the City's buoyant residential property market as the supporting infrastructure cracks under the strain. "The ten-fold increase in commercial and residential development in Manchester has been great for the city," Regional Senior Partner Iain Moore points out, "but unfortunately there has been no commensurate investment in basic amenities, such as doctors, dentists, schools or car parks. The City is often grid-locked at peak times and while developers have been encouraging greater numbers of homebuyers to move into the city in recent years, residents are struggling to find the facilities they need to live or operate effectively. This could have a profound effect on our social fabric in the years ahead, and tinkering around the edges - such as the introduction of a congestion charge - is not going to solve it."

As for the legal landscape in the year ahead, the firm believes that that too could hold a number of surprises, including continued growth in the number of companies listing on AIM rather than on OFEX or the Stock Exchange.

"AIM is now becoming as popular as the main list right across the North West. In the last 5 years, it's gained credibility and is now one of the first-choice options for companies. Not only is it very tax effective, but it can raise a company's visibility and increase credibility with investors," commented corporate finance partner Leila Porter.

The financial services industry, which has grown substantially in terms of its Manchester presence over the last 5 years, is also likely to change significantly over the year ahead, according to sector specialist and partner Mark Broadhead. "There will be more consolidation within the sector, as the bigger outfits absorb the smaller independents in the year ahead," he added, "and we're expecting a much stronger reaction to regulation. The industry is now at a stage where red tape is beginning to stifle business growth and this is not a tenable position going forward. Ultimately, sustained economic growth is all about balancing risk and control."

For the region's employers, new legislation in 2006 will continue the anti-discrimination drive and there will be increased penalties for those who employ illegal workers.

"Age discrimination will probably be the single biggest cultural change companies will have to make next year," said employment partner Deborah Hely, "although pensions will continue to be a major issue.

"There will be a new financial penalty of £2,000 for those who knowingly employ or exploit illegal workers, plus the possibility of a custodial sentence. So, all UK companies must be sure that they have cleaned up their act in order to avoid expensive penalties."

In 2005, Beachcroft Wansbroughs was named as Manchester's fastest growing law firm. Originally specialists in litigation and injury risk, particularly for leading UK insurers, the firm has deliberately built up its commercial offering over the last 3 years, developing expertise in a broad range of legal specialisms and industry sectors.

"As regards our own sector," added Iain Moore, "we anticipate that Manchester will continue to attract the major commercial lawyers as the City's profile and business base continues to expand. We have been lucky over recent years, as significant investments - particularly in public and air transportation - in this region have helped to position the North West as one of the country's most buoyant regional markets. We can expect some further consolidation over the year ahead, perhaps with more cross-Pennine service offerings than has previously been the case."

Greater Manchester currently extends for over 1,300 km2 , making it one of the UK's largest regional metropolises, alongside the West Midlands. "As the commercial, financial, educational and cultural capital of the UK's largest economic region outside London, we are a force to be reckoned with," concluded Iain, "but we do need some joined-up thinking to make sure we grow at a sensible and sustainable rate."

For further information on Beachcroft Wansbroughs, please visit www.bwlaw.co.uk or call Regional Senior Partner Iain Moore on 0161 934 3001.

ENDS

. For more information, please contact:
Deborah Garritty/Emily Goehler, Bell Pottinger North
Tel: 01625 506444

Editors Note:

Beachcroft Wansbroughs is one of the largest commercial law firms in the UK. With over 1,300 employees, including 772 professional staff, it provides fully integrated legal advice and litigation services from its offices in Manchester, Birmingham, Bristol, Brussels, Leeds, London, and Winchester. Its customer-focused service proposition reflects both the depth of expertise and the approachable nature of the firm and its partners. It is one of the largest law firms in the country to obtain the 'Investors in People' award across all of its offices.

The Manchester team currently includes 19 partners and 160 staff. Its partners have particular expertise and experience in commercial property, injury/risk, professional indemnity, corporate/commercial and employment law.

For further information please visit our website www.bwlaw.co.uk or call 0161 934 3000.

 
Wednesday, December 21, 2005
ADSTEAM REACHES NATIONAL AGREEMENT WITH TGWU

ADSTEAM (UK) LIMITED

11 Marina Court Castle Street Hull HU11 TX UNITED KINGDOM

Tel +44 (0) 1482 337 650

Fax +44 (0) 1482 337 683

adsteam.com.au * infoadsteamuk@adsteam.co.uk

 

 

media release

 

21st December 2005
 
Following its proposals for a new working model for the Thames, and as a result of the subsequent 30-day consultation period, Adsteam and the Transport & General Workers Union is pleased to announce that a national agreement has been reached on these changes, which will be implemented on 5th January 2006.

 
According to its original proposals, the company sought a reduction in crew numbers on the Thames and the introduction of a ‘week on, week off’ system of working in order to achieve conformity with other UK ports.

 
Under the terms of the agreement, an additional six employees will man a spare tug based at Gravesend, which will be deployed across both the Thames and the Medway. This arrangement will be subject to review at the beginning of May 2006, when its commercial viability will be assessed by senior management and presented to the National Organiser of the T&G’s Transport Sector and members of Adsteam’s Shop Stewards’ Committee. 

 
Commenting on the agreement, Chief Executive Europe, Stephen Eastwood said: “The company has welcomed the involvement of the TGWU at national level and is pleased with the outcome of our consultation. The new agreement will come into force within the timeframe originally proposed and will allow the company to move forward, securing the future of both the Thames and all other UK operations.”

 
All other proposals put forward by the company are accepted as part of the new deal, including operational flexibility between the Thames and Medway tugs. The Sheerness- based operation being responsible for work on the lower Thames, utilising the new 70 tbp tugs and ASD fleet.

 
Graham Stevenson, T&G National Organiser, added: “The context of this agreement for the union all along was our desire to avoid compulsory redundancies, at the same time as working with the company to deliver on its clear long-term commitment to maintaining its role as the significant towage operator on the Thames. I am pleased that the discussions we have held have been both constructive and productive. The T&G pledges its support for a business plan that both maximises jobs and secures the company’s viability on the whole river in the coming period. The tenor and outcome of our talks bodes well for the future, for the company, its employees and all customers - who should see this outcome as a positive sign of a re-affirmation of good working relations between Adsteam and the T&G.”

 
- ENDS -
 
For further information, please contact:
                                                                          
Stephen Eastwood                                                 Deborah Garritty
Chief Executive Europe                                           Director
Adsteam (UK) Ltd                                                 Bell Pottinger North
tel 01482 337 650                                                tel 01625 506444

 
Friday, December 16, 2005
EIC 'CHARGES' BEST VALUE FOR DEBENHAMS

16th December 2005

EIC has now completed its electrical design and build project for Debenhams in Hemel Hempstead. The fast-track project is the sixth project that the company has carried out for the leading retailer in the last five years.

The electrical and mechanical experts took charge of the complete electrical design including lighting, power distribution, small power, fire alarms, public address, security, CCTV, tagging and data systems.

Joint managing director of EIC Ltd, Nigel Le Marechal was delighted with the scope of the work: "This is a key project for us as it is the first one that we have undertaken for Debenhams where we have taken sole charge of the electrical design as well as the installation and we have ensured that the work has been value engineered at every stage.

"It has been a fantastic opportunity for us to showcase our design expertise and the fact that we were able to provide the lowest costs as well as the most technically superior design work is an achievement we are naturally keen to shout about. Retail projects like the one at Hemel Hempstead give us the chance to excel and we hope to extend this particular portfolio of work."

- ends -

Notes for Editor
EIC provides project management, design, supply, installation, testing, commissioning and maintenance of electrical, mechanical control and data management systems to a wide range of blue chip clients. The company has a successful track record of partnering with major contractors such as AMEC, HBG, Taylor Woodrow, Carillion and Willmott Dixon, as well as carrying out a broad range of services for many High Street names and leisure groups including Debenhams, John Lewis Partnership, Tesco, Sainsbury's, Virgin, Primark, Littlewoods, Gap, Bhs, Co-op, ATS, Mitchells & Butler, Firmdale Hotels and the Hilton Group. EIC also works extensively throughout the health, education and commercial sectors. For further information log on to http:// www.eicltd.com or call 01789 269408.

Press contact: Elizabeth Swain @ Bell Pottinger North
eswain@bellpottingernorth.co.uk
(01625 506404)

 
DRAGONS ARE TAMER IN THE NORTH WEST!
15th December 2005 

 

With the return of the popular TV series ‘Dragons’ Den’, entrepreneurs could be forgiven for thinking that private investment is just too hard to come by. But this is certainly not the case in the North West, where at TEChINVEST’s recent Investor Club meeting no fewer than six different companies attracted interest from investors.

 

Covering a diverse range of industries and looking for funding which ranged from £50,000 to £400,000, the various companies put their propositions to a room full of business angels looking for exciting new investment opportunities here in the North West. Within less than a week, two of the companies have already received firm offers of assistance from would-be angels and all are actively involved in discussions with advisers, fund managers and potential investors.

 

Commenting on the success of the meeting TEChINVEST founder/manager Vivienne Upcott-Gill said: “Where else could you see presentations from leading edge software developers, online service providers, touch-screen technology experts, agrochemicals producers and even fine crystal manufacturers in a single afternoon ? These Investor Club sessions are a real opportunity for experienced and prospective angels to get a real feel for what’s happening in the region and meet other investors. Unlike the BBC ‘dragons’, our angels are committed to providing constructive advice and support to North West companies, whether start-ups or established. It is genuinely pleasing to see so many fascinating opportunities put before investors and to have a hand in bringing investors and companies together and seeing the deals come to fruition.”

                                

NWDA’s TEChINVEST is one of the UK’s most successful and established networks, having originally been established as a DTI pilot back in the early ‘90s. Since its inception, the service has helped to raise over £19 million in direct investments of between £5,000 and £500,000 in client companies. As a result of that investment, client companies have been able to raise a further £38 million in additional finance from commercial sources such as banks, grant agencies and venture capital funds.

 

For further information about TEChINVEST or to enquire about attending the next Investor Club meeting as a potential investor or as a company looking for finance, please contact the team directly on 01925 400302 or visit the website http:// www.techinvest.org.

 

– ends –

 

Press contact:        Deborah Garritty @ Bell Pottinger North

                                 + 44  (1625) 506411 / 506444

                                 dgarritty@bellpottingernorth.co.uk

 

 
New Faces at Adsteam

> 15th December 2005
>
> The UK's leading towage operator, Adsteam Marine, has acquired two new faces - and a total of 50 years' combined marine experience - to help manage its successful South coast operation, based at Southampton. Kim Milnes has been appointed as Port Manager, whilst Nick Jeffery joins as Marine Manager.
>
> Kim has over 20 years of management experience within the towage industry with Cory Towage. More recently, he was a director of Thames Wharfinger.
>
> With over 30 years of marine experience at companies such as United Marine Dredging and Solent Towage, Nick brings valuable hands-on expertise to the team on the Solent.
>
> Commenting upon his appointment, Kim said: "Adsteam has demonstrated its dedication to continuously enhancing customer satisfaction, time after time. I am delighted to be joining such a committed team of professionals and, after meeting with them, it is easy to see why they are so well respected within the towage industry."
>
> Stephen Eastwood, CEO Europe, welcomed these new additions to the management team: "In Kim and Nick we have added two experienced towage professionals to our Southampton team. Their professionalism and work ethic fit in very well with Adsteam's business philosophy. The appointment of two such highly experienced and professional managers again reinforces our drive towards providing the highest standards of service to customers."
>
> Adsteam is the UK's leading supplier of towage services, with operations at six key ports: Southampton, Medway, Felixstowe, Humber, Liverpool and London. One of the longest-established ship-assist specialists in this field, the company has been operating on the Solent for over a century.
>
> For further information, please contact:
>
> Stephen Eastwood Deborah Garritty
> Chief Executive Europe Director
> Adsteam (UK) Ltd Bell Pottinger North Ltd
> tel 01482 337 650 tel 01625 506444
>

 
Tuesday, December 13, 2005
FSA ARROW VISITS SHOW ROOM FOR IMPROVEMENT

Press release: 13 December 2005

The FSA's Arrow visits are meeting the expectations of the financial services industry from a process point of view, but the application of the process by the FSA has been met with a lack of confidence, according to the first independent research into their impact.

136 firms from all segments of the financial services industry took part in the survey, conducted by Beachcroft Wansbroughs, the national commercial law firm. The survey examined the effectiveness of the FSA's Risk Assessment Framework (known as 'Arrow'). Arrow visits assess the risk that firms pose to the protection of the consumer, the promotion of understanding and maintenance of confidence in the financial system.

Beachcroft Wansbroughs' research showed that the way in which the FSA conducts the Arrow visits meets firms' expectations from a process point of view. In particular, the FSA scores highly in the following areas:

* 85% of firms stated that the notice period they received from the FSA about an impending visit was sufficient;
* 80% of firms confirmed that the FSA provided them with a preliminary briefing at the end of the visit;
* 77% of firms received their Risk Mitigation Programme ("RMP") within 3 months of the visit, and 67% of firms considered the issues raised in the RMP to be accurate;
* 75% of firms stated that the FSA appeared to have relevant experience of the firm's market sector.

However, when firms were asked for their individual feedback on the conduct of the FSA and the impact of the visit, more than half of firms were highly critical of the FSA. Firms felt they were unable to take a proactive approach to managing the visit, and some felt interviews were an interrogatory and confrontational process.

More than two thirds (69%) of firms were frustrated by the FSA's failure to provide guidance on how they could lower their risk assessment rating. 41% of firms were frustrated that guidance was not given by the FSA on prioritising actions required to improve their performance and service to customers, particularly as the findings from a visit will dictate the level of regulatory scrutiny that firms will receive in future from the FSA, can effect the capital requirements for firms and may even result in enforcement action being taken. Many respondents suggested that the FSA believes the larger the firm, the greater the risk of failure, regardless of the quality of management.

Mark Broadhead, Partner in the Financial Services Division at Beachcroft Wansbroughs commented: "Although the survey shows that the FSA is meeting the expectations of firms from a process point of view, the frustration and hostility felt by many firms towards the FSA is cause for concern. While most firms understand the need for Arrow, the way the FSA conducts itself during these visits has a significant impact on the way the FSA and financial services regulation is perceived by the industry. The FSA needs to address these issues if it is to be respected by those it regulates and be fully effective in achieving its stated aims. We hope that our report will provide the FSA with genuine and constructive feedback to assist in its current review and future developments of Arrow."

Mark Broadhead continued: "There are clearly tensions between the financial services industry and the FSA, some of which are the normal tensions one would expect between a world-class dynamic industry and its regulator. However, I believe additional tensions arise due to the framework of principles-based regulation the financial services industry has to work with. This only works if all parties work in partnership towards shared goals. One downside with the partnership approach is that it would remove a degree of certainty for firms and for the FSA and this could lead to further issues. In a regulatory framework where a breach of principles can lead to criminal sanction, certainty may be more important. A number of the tensions highlighted by the survey could be as a result of the problems associated with principles-based regulation and the lack of certainty this approach brings."

The results of Beachcroft Wansbroughs' research into the impact of the FSA's Arrow visits have been shared today with survey participants, the Financial Services Practitioners Panel and the FSA.

For further information, please contact:
Deborah Garritty or Emily Goehler, Bell Pottinger
Tel: 01625 506444

- ENDS-

Notes to Editors:

'Arrow' stands for Advanced Risk Responsive Operating Framework and is the abbreviation adopted by the FSA for its Risk Assessment Framework. The Arrow framework assesses the risks that regulated firms pose to the FSA's four statutory objectives, which are:

* Maintaining confidence in the UK financial system
* Promoting public understanding of the financial system
* Securing the appropriate degree of protection for the consumer, and
* Reducing the scope for financial crime.

The Arrow Framework follows a series of structured stages which are designed to focus an FSA supervisor's attention on the risks that really matter and to help regulated firms devise a strategy to address these risks.

Methodology: During September 2005, Beachcroft Wansbroughs surveyed 136 firms from all segments of the financial services industry: retail/personal banks, corporate/investment banks, insurance, securities and derivatives, building societies, friendly societies, IFAs and Lloyds of London. Respondents had head offices throughout the UK, with 36% based in London. 13% of respondents had head offices located in Europe. Further information is available from Mark Broadhead, mailto:mbroadhead@bwlaw.co.uk, 0161 934 3112.

Beachcroft Wansbroughs is one of the largest commercial law firms in the UK. With over 1,300 employees, including 730 professional staff, it provides fully integrated legal advice and litigation services from its offices in Bristol, Leeds, Manchester, Birmingham, Brussels, London, and Winchester. Its customer-focused service proposition reflects both the depth of expertise and the approachable nature of the firm and its partners. It is one of the largest law firms in the country to obtain the 'Investors in People' award across all of its offices.

Beachcroft Wansbroughs has built a specialist, multi-disciplinary financial services team, which recognises that financial services organisations want to buy integrated services from professionals who are industry-aware and add value to the way they operate. The financial services team is committed to providing advice in context to businesses and individuals that are regulated by the FSA. The team delivers inventive solutions to ensure individuals and regulated firms are fit for business. The team has a unique alliance of regulatory and commercial experience, combined with an integrated approach to legal advice which enables firms to face key challenges with confidence

The Bristol team currently includes 34 partners and 175 staff. Its partners have particular expertise and experience in commercial property, public sector, PFI/PPP projects, health, IT, construction, litigation, financial services, corporate/commercial and employment law.

For further information please visit our website http://www.bwlaw.co.uk or call 0117 918 2000.

 
FSA ARROW VISITS SHOW ROOM FOR IMPROVEMENT

13 December 2005

FSA ARROW VISITS SHOW ROOM FOR IMPROVEMENT

The FSA's Arrow visits are meeting the expectations of the financial services industry from a process point of view, but the application of the process by the FSA has been met with a lack of confidence, according to the first independent research into their impact.

136 firms from all segments of the financial services industry took part in the survey, conducted by Beachcroft Wansbroughs, the Manchester-based law firm. The survey examined the effectiveness of the FSA's Risk Assessment Framework (known as 'Arrow'). Arrow visits assess the risk that firms pose to the protection of the consumer, the promotion of understanding and maintenance of confidence in the financial system.

Beachcroft Wansbroughs' research showed that the way in which the FSA conducts the Arrow visits meets firms' expectations from a process point of view. In particular, the FSA scores highly in the following areas:

* 85% of firms stated that the notice period they received from the FSA about an impending visit was sufficient;
* 80% of firms confirmed that the FSA provided them with a preliminary briefing at the end of the visit;
* 77% of firms received their Risk Mitigation Programme ("RMP") within 3 months of the visit, and 67% of firms considered the issues raised in the RMP to be accurate;
* 75% of firms stated that the FSA appeared to have relevant experience of the firm's market sector.

However, when firms were asked for their individual feedback on the conduct of the FSA and the impact of the visit, more than half of firms were highly critical of the FSA. Firms felt they were unable to take a proactive approach to managing the visit, and some felt interviews were an interrogatory and confrontational process.

More than two thirds (69%) of firms were frustrated by the FSA's failure to provide guidance on how they could lower their risk assessment rating. 41% of firms were frustrated that guidance was not given by the FSA on prioritising actions required to improve their performance and service to customers, particularly as the findings from a visit will dictate the level of regulatory scrutiny that firms will receive in future from the FSA, can effect the capital requirements for firms and may even result in enforcement action being taken. Many respondents suggested that the FSA believes the larger the firm, the greater the risk of failure, regardless of the quality of management.

Mark Broadhead, Partner, Financial Services, at Beachcroft Wansbroughs' Manchester office commented: "Although the survey shows that the FSA is meeting the expectations of firms from a process point of view, the frustration and hostility felt by many firms towards the FSA is cause for concern. While most firms understand the need for Arrow, the way the FSA conducts itself during these visits has a significant impact on the way the FSA and financial services regulation is perceived by the industry. The FSA needs to address these issues if it is to be respected by those it regulates and be fully effective in achieving its stated aims. We hope that our report will provide the FSA with genuine and constructive feedback to assist in its current review and future developments of Arrow."

Mark Broadhead continued: "There are clearly tensions between the financial services industry and the FSA, some of which are the normal tensions one would expect between a world-class dynamic industry and its regulator. However, I believe additional tensions arise due to the framework of principles-based regulation the financial services industry has to work with. This only works if all parties work in partnership towards shared goals. One downside with the partnership approach is that it would remove a degree of certainty for firms and for the FSA and this could lead to further issues. In a regulatory framework where a breach of principles can lead to criminal sanction, certainty may be more important. A number of the tensions highlighted by the survey could be as a result of the problems associated with principles-based regulation and the lack of certainty this approach brings."

The results of Beachcroft Wansbroughs' research into the impact of the FSA's Arrow visits have been shared today with survey participants, the Financial Services Practitioners Panel and the FSA.

For further information, please contact:
Deborah Garritty or Emily Goehler, Bell Pottinger North
Tel: 01625 506444

- ENDS-

Notes to Editors:

'Arrow' stands for Advanced Risk Responsive Operating Framework and is the abbreviation adopted by the FSA for its Risk Assessment Framework. The Arrow framework assesses the risks that regulated firms pose to the FSA's four statutory objectives, which are:

* Maintaining confidence in the UK financial system
* Promoting public understanding of the financial system
* Securing the appropriate degree of protection for the consumer, and
* Reducing the scope for financial crime.

The Arrow Framework follows a series of structured stages which are designed to focus an FSA supervisor's attention on the risks that really matter and to help regulated firms devise a strategy to address these risks.

Methodology: During September 2005, Beachcroft Wansbroughs surveyed 136 firms from all segments of the financial services industry: retail/personal banks, corporate/investment banks, insurance, securities and derivatives, building societies, friendly societies, IFAs and Lloyds of London. Respondents had head offices throughout the UK, with 36% based in London. 13% of respondents had head offices located in Europe. Further information is available from Mark Broadhead, mbroadhead@bwlaw.co.uk, 0161 934 3112.

Beachcroft Wansbroughs is one of the largest commercial law firms in the UK. With over 1,300 employees, including 730 professional staff, it provides fully integrated legal advice and litigation services from its offices in Manchester, Birmingham, Bristol, Brussels, Leeds, London, and Winchester. Its customer-focused service proposition reflects both the depth of expertise and the approachable nature of the firm and its partners. It is one of the largest law firms in the country to obtain the 'Investors in People' award across all of its offices.

Beachcroft Wansbroughs has built a specialist, multi-disciplinary financial services team, which recognises that financial services organisations want to buy integrated services from professionals who are industry-aware and add value to the way they operate. The financial services team is committed to providing advice in context to businesses and individuals that are regulated by the FSA. The team delivers inventive solutions to ensure individuals and regulated firms are fit for business. The team has a unique alliance of regulatory and commercial experience, combined with an integrated approach to legal advice which enables firms to face key challenges with confidence

The Manchester team currently includes 19 partners and 160 staff. Its partners have particular expertise and experience in financial services, commercial property, injury/risk, professional indemnity, corporate/commercial and employment law.

For further information please visit our website www.bwlaw.co.uk or call 0161 934 3000.

.

 
Monday, December 12, 2005
MAGNOLIA IS OUT - IT'S OFFICIAL ! - STUNNING SHOWHOMES LEAD THE WAY.

> 12 December 2005
>
> It's time to swap paint for paste as wallpaper is making a dramatic comeback in the homes of the rich and famous, according to media pundits. Ands it's not just celebrities who are rejecting traditional magnolia here in the North West. Leading developer Crosby Homes is so convinced that times are changing, that it is offering potential homebuyers a completely new design experience at its ARC development in Withington.
>
> With bright, bold and striking wallpaper, the stunning show homes at this exclusive development, cannot fail to inspire and amaze visitors. Combining art deco styling with influences from the late 50s and 60s in a riot of colour and texture, the 3-storey townhouse and 2-bedroom garden apartment are unlike any other show homes in the Northwest.
>
> "2006 could see the end of magnolia walls and cream and brown furniture, as homebuyers seek out new homes with more colour, character and cosiness", says Caroline Saville, Sales and Marketing Director at Crosby Homes. "Today's homebuyer is looking for a property with personality and verve rather than the tired 'white box' which is now seriously old-hat. The design at ARC is far more adventurous than in traditional show homes, giving people the vision to be more creative with new properties.
>
> "With flamboyant prints and colours ranging from lime green to fuchsia pink, every room has its own unique style. Quirky features and an eclectic mix of materials including natural hard woods, contemporary glass, chrome fixtures and fittings and the most luxurious mix of sensuous fabrics, ensure there is something for everyone at ARC. But it's definitely not for the faint-hearted !"
>
> Located near to Christies Hospital on St. Paul's Road, Withington, ARC is expected to be popular with the medical fraternity, as well as young professionals looking for a modern, flexible living space close to local amenities and Manchester city centre.
>
> Comprising 36 spacious apartments and ten elegant townhouses, ARC clearly reflects Withington's Victorian heritage with traditional styling and construction materials used throughout. It takes its name from the feature archway, which leads to a central private gated courtyard at the heart of the development.
>
> Prices start at £185,000 for a spacious 2-bedroom apartment and £320,000 for an impressive 3-bedroom townhouse. For further information, please contact the marketing team direct on 0161 448 2031 or visit the show homes and marketing suite, open daily from 10am to 5pm.
>
> -ends-
>
>
> Press contact: Deborah Garritty or Emily Goehler @ Bell Pottinger North
> + 44 (1625) 506444
http://egoehler@bellpottingernorth.co.uk

 
Wednesday, December 07, 2005
Another Day - Another $

7 December 2005

In line with the increasing popularity of the BBC's Dragons Den, TEChINVEST has hosted the first in what is scheduled to become a series of one-day events on sources of business funding.

Aimed at would-be investors and active entrepreneurs throughout the Northwest, the highly successful event gave expert advice on raising funds for business start-ups and expansion.

Business advisers, private investors and entrepreneurs who have successfully raised equity finance in the region, all spoke on the day to demonstrate 'real life' success stories, and how accessible funds are for local businesses with growth potential.

Attendees even got the chance to make a brief elevator pitch to help them prepare for when they enter their own version of the 'dragons den.'

Founder of TEChINVEST, Vivienne Upcott-Gill comments: "The event proved to be a huge success, with around 100 companies attending. Around a third of these companies have since approached TEChINVEST for expert help on raising finance. We have also received a significant number of enquiries from private investors keen to get involved in the growing business angel network.

"Hosting the event was an ideal way to illustrate to entrepreneurs the importance of getting expert advice before stepping into the 'Dragon's Den' and to consider raising investment from what is available in the region.

"TEChINVEST is set up to help prepare entrepreneurs before they are introduced to investors so that, unlike the participants in 'Dragon's Den', they don't run the risk of being eaten alive!"

The Northwest Regional Development Agency's (NWDA) TEChINVEST is widely recognised as one of the most successful investment advisory services and business angel networks in the country.

Since its launch in 1993, over £19 million has been invested in amounts between £5,000 and £500,000 in TEChINVEST client companies. Its success rate of 1:2.5 is reputed to be one of the highest in the UK. As a result of that investment, client companies have been able to raise a further £38 million in additional finance from commercial sources such as banks, grant agencies and venture capital funds.

For further information or to receive a comprehensive information pack, please contact TEChINVEST at the Northwest Regional Development Agency, Renaissance House, PO Box 37, Centre Park, Warrington, WA1 1XB, telephone 01925 400301/2/3, fax 01925 446424 or email http://TEChINVEST@nwda.co.uk.

-ends-

Press contact: Deborah Garritty @ Bell Pottinger North
+ 44 (1625) 506444
http://dgarritty@bellpottingernorth.co.uk

 
BEACHCROFT WANSBROUGHS LOOKING HEALTHY IN LEEDS

National commercial law firm, Beachcroft Wansbroughs, is taking health seriously, having built up a team of 130 specialist lawyers in the sector, working for NHS and private service providers across the UK. Much of its expertise is based in the North, where an expanded cross-Pennine team is led by partner Jane Hayden-Smith, based at the firm's Leeds office. The new Health Sector team includes specialists in all aspects of commercial law - including employment, projects, property, construction and clinical risk - with specific experience in the health sector.

The latest addition to the Healthcare and Clinical Risk team is partner and mental health specialist, Susan Thompson. Susan joins Beachcroft Wansbroughs from regional law firm Bevan Brittan, where she was a partner for 12 years. As part of the firm's national Healthcare and Clinical Risk team, Susan will also lead the development within the firm of a specialist national mental health practice working alongside another Leeds partner and Mental Health Review Tribunal member, Diane Hallatt.

The purpose of the team's multi-disciplinary approach is to provide comprehensive legal advice on a range of issues to health sector clients across the region. The work of the Healthcare and Clinical Risk team includes inquests, applications for judicial review, funding issues, integrated governance for Trusts and Foundation Trusts, dealing with independent contractors and relationships with statutory partners and the private sector.

Jane Hayden Smith, Head of the cross-Pennine Health Sector Group believes it's a model which adds value: "Increasingly, there is a need for more 'joined-up thinking' in these large organisations. We pride ourselves on being able to provide a more holistic approach to the task, while our in-depth knowledge of the sector, allows us to take a pragmatic, more commercial view of clients' legal requirements.

"Susan will be a great asset to the team. She has an excellent reputation and has lectured and written extensively on mental health issues. We look forward to being able to use her wealth of experience to add value to our clients' businesses as we build the practice further."

Beachcroft Wansbroughs has an outstanding 56 partners recognised as leading experts in this year's Chambers Guide and is in the premier league for legal advisers to the healthcare sector nationally. Susan Thompson is recognised in the Legal 500 by clients for her mental health advice and for her dedication to going 'above and beyond the call of duty'. She was recently appointed to the Law Society's Mental Health and Disability Committee.

For further information about Beachcroft Wansbroughs and its health advice team, please visit http://www.bwlaw.co.uk or call 0113 251 4700.

- ENDS -

For more information, please contact:
Deborah Garritty/Natalie Gross, Bell Pottinger
Tel: 01625 506444

Editors Note:

Beachcroft Wansbroughs is one of the largest commercial law firms in the UK. With over 1,300 employees, including 772 professional staff, it provides fully integrated legal advice and litigation services from its offices in Leeds, Birmingham, Bristol, Brussels, London, Manchester and Winchester. Its customer-focused service proposition reflects both the depth of expertise and the approachable nature of the firm and its partners. It is one of the largest law firms in the country to obtain the 'Investors in People' award across all of its offices and was recently shortlisted for Law Firm of the Year in the 2005 Legal Business Awards.

The Leeds team currently includes 21 partners and 157 staff. Its partners have particular expertise and experience in commercial property, public sector PFI/PPP projects, health, IT, construction, litigation, financial services and employment law.

For further information please visit our website http://www.bwlaw.co.uk or call 0113 251 4700.

 
Thursday, December 01, 2005
Urban Logic hits the 500 benchmark

1 December 2005

Urban Logic finalised its 500th sale earlier this month, sailing past its forecast mid-year target of 300. The off-plan property investment specialist has recently announced flotation plans for later in the year and the company is on track to treble profitability to £740,000 during its current financial year.

The company has doubled its team in the last six months to 12 people with several key appointments including Craig France as business development manager who boasts a strong estate agency background.

In the New Year the team will move to Parsonage Chambers, a central Manchester City location with over 4,000 square feet of floor space to accommodate the rapidly expanding team.

Launched in November 2003, Urban Logic has since developed exclusive relationships with a number of the UK’s leading housebuilders, enabling it to offer its clients genuine discounts of at least 15 per cent on a range of properties at prime sites across the north of England and Scotland.

Operations director, Guy Davis comments on the company’s sales success: “We have achieved more than any of us anticipated at this stage in the year. I think it will also come as a surprise to market commentators who have talked about the market hardening and a general slowing down in sales. Much of our success can be attributed to the due diligence we apply to all of our developments. We work hard to identify hotspots and refuse to move into what are over-saturated markets such as Manchester City Centre.

“Specific parts of Lancashire, Merseyside, Yorkshire and Scotland currently have the most potential for those looking for a healthy return on investment and we have sourced some of the most promising developments on the market and negotiated the best deals. Because of this, our clients return to us again and again when looking to extend their property portfolios.”

Earlier this year the directors sold 15 per cent of Urban Logic to AIM-listed property expert Nadlan plc valuing the company at £3.5m and the company was short listed for a number of prestigious awards.

For further information on Urban Logic, please visit http:// www.urbanlogic.co.uk

- ends -

For more press information contact Elizabeth Swain or John Butters at Bell Pottinger North on (01625) 506444 or email http:// eswain@bellpottingernorth.co.uk  http:// jbutters@bellpottingernorth.co.uk

 

This feed contains news releases issued by the clients of Bell Pottinger North

www.bellpottingernorth.co.uk





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