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Top Story
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EXCLUSIVE: Heathcote submits Eastside application
Guernsey-based Heathcote Holdings has submitted a planning application that may finally bring activity to Nottingham 's long-delayed Eastside regeneration area. The company is proposing a seven-storey 13,000 sq ft mixed-use building with space for car parking and retail. Architects on the scheme are London-based 3DReid, the firm working on the Minoco Wharf scheme, which will bring 248,000 sq m of mixed-use property to the Thames Gateway. This is the first building to go to planning for the Eastside Extended Island Site and a decision on the application is expected in December.
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BIMBO makes sense for Sight and Sound
Northampton-based Sight and Sound Technology, the supplier of IT products and services for the blind and people with learning difficulties, has undergone a buy-in management buyout. The acquisition team was made up of founder Mervyn Robertson and incoming chief executive Glenn Tookey, with private equity funding led by director Robin Jones of Catapult Venture Managers. EMW Law provided legal advice to the management team. Senior debt funding came from The Co-operative Bank, following an introduction from corporate adviser Mazars. 
Iconic move for workmates
Two former colleagues at Innovate Office, based in Sherwood Park , Nottinghamshire, have taken over the company in a management buyout. In a partnership with the owners of the site at Sherwood Park and a second site in Leeds, Mark Proctor and Louise Patterson have acquired the Innovate serviced office business, which recently went into receivership, and renamed it Icon Business Centres. There are around 25 companies at the Sherwood Park site and the whole building takes up around 45,000 sq ft.
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Not a pretty picture at Vivitar
Vivitar, the £23m-turnover camera equipment business that employed a workforce of 14 in Leicester, has gone into administration. All 14 staff have been made redundant. Vivitar-branded products were manufactured in the Far East for the European market. Its clients included Argos and Toys R Us. Eddie Kerr, joint administrator at PKF, said: "Unfortunately, the failure of the company's American parent has meant that the viability of Vivitar is no longer sustainable. We are exploring strategies to minimise the significant losses to the creditors, both at home and abroad. This is a challenging assignment because it is a French company with a significant Leicester-based operation and the final outcome to creditors will only be known when negotiations with the French authorities and employees have been finalised."
Rayner Davies has designs on south
Nottinghamshire-based Rayner Davies Architects has set up an office in Kent , headed by partner Neil Davies. The practice will focus primarily, on new and regenerative housing schemes and private residential projects.
PBS increase clients across the Pond
East Midlands Payroll and Business Solutions UK (PBS UK) has boosted its international client portfolio with the addition of four US companies - Quest Reliability, US Nutrition, WR Berkley and Logan Energy - which are outsourcing their payroll for employees in the UK.
Rolls-Royce clinches £280m Trent 900 deal
Qantas Airways has ordered Rolls-Royce Trent 900 engines to power eight additional Airbus A380s, in a deal valued at more than £280m. It is the Derby company's second major deal in two weeks and brings Qantas's Rolls-Royce-powered A380 fleet to 20. David Cox, executive general manager at Qantas Engineering, said: "We are pleased to expand our relationship with Rolls-Royce. The Trent 900 offers us an effective economic solution, operational efficiency, and low-engine noise and emissions."
Young guns grin and Bear IT
Adam Harris, managing director of Bear IT, and technical director Mark Lambert have been named as joint winners of the first Institute of Directors East Midlands Young Director of the Year. The runners-up in the competition were Mike Higgins, director of Hydrock in Spratton, Northamptonshire, and Scott Snaith, chairman and managing director of Loughborough-based 50 Cycles.
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Threads heads to Leicester
Threads Clothing Retirement & Benefit Scheme has taken 36,000 sq ft of industrial space at Unit 17 Boston Road, Leicester, to local occupier Trifibre. Following its success as one of the UK's largest manufacturers of custom cases and having recently set up operations in Newbourne near Felixstowe and Madrid in Spain , Trifibre has moved from Britannia Way in Syston, where it had been based for 15 years, to a larger location from which to expand its national operation. Lambert Smith Hampton's Leicester office secured the ten-year lease.
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Three more for Shoosmiths
Shoosmiths' Nottingham corporate finance team has reached double figures with the recruitment of Kelly Prestidge, Martin Larkman and Adam Gilbert. Prestidge joins from Nottingham firm Geldards, Larkman from the London office of international firm SJ Berwin, and Gilbert from Leicester 's Harvey Ingram. They join a now ten-strong team headed by partners Peter Seary and Chris Garnett.
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