Showing posts with label RBS. Show all posts
Showing posts with label RBS. Show all posts

Wednesday, February 10, 2021

News: New uses for historic High Street buildings

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A pair of vacant buildings on Rotherham's historic High Street could be brought back to life, if recently submitted, separate, planning applications are approved.

At the foot of the High Street, owners of the former bank, have submitted an application for the rest of the building having previously secured planning permission relating to the ground floor.

Rothbiz reported last year that permission had been granted to allow for part of the ground floor of the Grade II listed building, most recently the Royal Bank of Scotland, to change from financial and professional services (A2) so that it can be used as a café or restaurant (A3). Consent was also granted for internal alterations, as were plans to demolish redundant outbuildings in the rear yard.

Now, applicants, Zayan Developments, want to change of use of the first and second floors so it can operate as a hotel.

The plans, show that the scheme would provide 24 hotel bedrooms with ensuite bathrooms within the existing plan form, with only minor internal alterations needed. No external alterations are required and the hotel entrance would utilise the existing secondary access to the building on the High Street elevation, with only a small entrance lobby, stair well and lift at ground floor level.

The plans, drawn up by JR Planning Consultants, state: "Plans to bring the ground floor back into beneficial use are well-underway and permission has recently been granted for change of use of the ground floor to a café/restaurant. This application is phase II of the scheme and will ensure that the upper floors of the building are also brought back into beneficial use.

"This scheme would be highly beneficial for the town centre as it would return the vacant upper floors to a beneficial use that would enhance the vitality of the town centre and would complement other town centre businesses."

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Further up the High Street, SME Holdings, has submitted plans for a building which forms part of the historic Three Cranes and George Wright block of buildings that came close to being lost forever.

29-29a High Street is known by many as an Italian restaurant (which burnt down) but was most recently, The Craft Corner and The Bear’s Den. It is a former Georgian Town House.

The Grade II listed building has recently been converted to a number of one bedroomed apartments/living accommodation and the latest plans are to convert, what is thought to be a coachman’s or gardeners house, to become a two bedroomed, two storey dwelling with external courtyard amenity space.

With restoration and features such as a new timber door and new timber sash windows, this fire-damaged and vacant building is set to "be brought back from the edge" as Just Architecture put it in the application.

Images: Avison Young / SME

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Friday, September 20, 2019

News: Plans in for historic Rotherham bank building

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Cheque out these new plans for a former bank building in Rotherham town centre.

A planning application submitted to Rotherham Council indicates that the former RBS branch at the foot of the historic High Street has a new owner and proposals are coming forward for its reuse.

The freehold went up for sale with agents, Avison Young, at the start of 2019 with offers initially being invited in the region of £425,000. The price was recently reduced to £300,000 and is now off the market.

The application is for a change of use of part of ground floor from financial and professional services (A2) so that it can be used as a café or restaurant (A3).

Plans show how the former banking hall of around 2,500 sq ft could accommodate the new use.

The documents, from applicant, Zayan Developments, state that: "It is not possible at this stage to give detailed information since the Change of Use is generic until the applicant has secured a tenant."

"The assets are redundant, in poor repair and not in keeping with the quality of the main building.

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"The site is within a Conservation Area and the current position is that the building is vacant. The works will enhance the setting of the listed building. In future the applicant is to apply to change the use of the building into apartments and this will bring life into the town centre."

Rothbiz reported last year that the branch was one of 162 branch closures announced by the taxpayer-backed RBS Group after it decided that NatWest should become its primary customer facing brand in England and Wales, and Royal Bank of Scotland its core brand in Scotland.

1 - 9 High Street has its history in the Sheffield & Rotherham Joint Stock Banking Co Ltd which was a past constituent of RBS. The bank was established in 1792 by famous Rotherham steelmakers, the Walker brothers; along with Vincent Eyre, agent of the Duke of Norfolk (the principal landowner in the area); and William Stanley, a local businessman described as a "gentleman well-known and much respected at Rotherham."

The Grade II listed building was built in 1892 possibly on the site of the "OLD BANK / FOUNDED 1792" as the sign above the doorway reads. The impressive building is notable for its polished granite columns.

Images: Avison Young

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Friday, February 8, 2019

News: Rotherham's "Old Bank" up for sale

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A big balance is required for anyone willing to take on a bank job in Rotherham town centre.

Rothbiz reported last year that the Royal Bank of Scotland Group (RBS) branch was one of 162 branch closures announced by the taxpayer-backed group after it decided that NatWest should become its primary customer facing brand in England and Wales, and Royal Bank of Scotland its core brand in Scotland.

The group, which has also recently closed its Swallownest and Wickersley branches, vacated the town centre in November.

Now, agents at Avison Young (the real estate company formerly known as GVA) have been drafted in to sell the prominent 11,324 sq ft property.

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The property at the foot of the High Street extends over basement (complete with strongroom), ground, first and second floors and comes with ten parking spaces at the rear.

With the freehold up for sale, offers are being invited in the region of £425,000.

The agents believe that the premises are suitable for A3 planning uses (Cafes and Restaurants) and A4 (Drinking Establishments), subject to securing planning permission.

1 - 9 High Street has its history in the Sheffield & Rotherham Joint Stock Banking Co Ltd which was a past constituent of RBS. The bank was established in 1792 by famous Rotherham steelmakers, the Walker brothers; along with Vincent Eyre, agent of the Duke of Norfolk (the principal landowner in the area); and William Stanley, a local businessman described as a "gentleman well-known and much respected at Rotherham."

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The bank renamed Walkers & Stanley in 1829 and in 1836 the business was sold for £27,000 to a new joint-stock company, Sheffield & Rotherham Joint Stock Banking Co. The bank grew rapidly but the business was not without problems. Major accounting deficiencies were discovered during the 1840s and bad debts soared during the local commercial depression of the late 1870s.

In 1907, with a paid-up capital of £256,000, the bank was acquired by Williams Deacon's Bank Ltd of London and Manchester. This was later acquired by RBS.

The Grade II listed building was built in 1892 possibly on the site of the "OLD BANK / FOUNDED 1792" as the sign above the doorway reads. The impressive building is notable for its polished granite columns.

Images: Avison Young

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Thursday, December 20, 2018

News: Rotherham bank plans updated

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The owners of a former Royal Bank of Scotland Group (RBS) branch in a Rotherham suburb want to be able to turn it into a hot food takeaway.

Earlier this year the taxpayer-backed banking group decided that NatWest should become its primary customer facing brand in England and Wales and Royal Bank of Scotland its core brand in Scotland.

The decision meant that the Rotherham town centre branch would close in November and the Wickersley branch in August.

Now plans have been submitted for a change of use that would enable the vacant two-storey, 1,700 sq ft unit on The Tanyard to be subdivided into two smaller units, with one a takeaway under A5 planning use.

It follows on from earlier approved plans that enable the unit to be used for A3 use as a restaurant.

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Planning consultants, Bradley Stankler Planning, have submitted the plans on behalf of Bischi (Properties) Limited. The agents said: "The combined unit has been marketed for A2 use (with potential A3 use) for some seven months and also specifically for A3 use following the grant of consent .. in October, with no interest expressed for the either the existing A2 use in or A3 use.

"On this basis, this current application seeks the subdivision of the premises, to a retained A2 use and an A5 use. The marketing agents are of the opinion that two smaller units and proposed uses will be much more attractive to the market in current and foreseeable trading circumstances."

Wickersley Parish Council has objected to the plans highlighting the Council policy on takeaways on primary shopping frontages. They added that during a recent resident consultation on the Wickersley Neighbourhood Plan a large number of respondents said they considered there were already too many hot food takeaways in Wickersley.

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QFM Group, the Sheffield-based developer and operator of a number of fast food franchises, recently secured planning permission to develop the nearby building formerly used by second-hand store, TiroBaggi and Edward Healy & Sons, a provider of shoe repair materials.

The proposals involve separating the ground floor to create two units, one A1 retail unit, and one A3 restaurant/café. The proposed first and second storey extension would contain four, two bedroom apartments.

Images: Google Maps

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Monday, November 5, 2018

News: RBS withdrawal this week

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The Royal Bank of Scotland Group (RBS) is closing its Rotherham town centre branch this week.

Rothbiz reported earlier this year that the High Street branch was one of 162 branch closures announced by the taxpayer-backed group having decided that NatWest should become its primary customer facing brand in England and Wales and Royal Bank of Scotland its core brand in Scotland.

The group, which has also closed its Wickersley branch and is closing its Swallownest branch in January, has stated that the town centre branch on the High Street will close on November 7.

Customers will be able to use NatWest branches and local post offices for their everyday banking needs.

Analysis by RBS showed that since 2012, the Rotherham branch has seen counter transactions reduce by 47%. It adds that only 62 customers are using the branch on a regular basis and that a total of 5,153 customers visited the branch in six months to October 2.

RBS in England & Wales and NatWest retail banking business in Scotland was due to be divested and relaunched as a separate "challenger bank", under the brand name, Williams & Glyn, but the plans were shelved.

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A key building at the foot of Rotherham High Street, the Rotherham branch has its history in the Sheffield & Rotherham Joint Stock Banking Co Ltd which was a past constituent of RBS. The bank was established in 1792 by famous Rotherham steelmakers, the Walker brothers; along with Vincent Eyre, agent of the Duke of Norfolk (the principal landowner in the area); and William Stanley, a local businessman described as a "gentleman well-known and much respected at Rotherham."

The bank renamed Walkers & Stanley in 1829 and in 1836 the business was sold for £27,000 to a new joint-stock company, Sheffield & Rotherham Joint Stock Banking Co. The bank grew rapidly but the business was not without problems. Major accounting deficiencies were discovered during the 1840s and bad debts soared during the local commercial depression of the late 1870s.

In 1907, with a paid-up capital of £256,000, the bank was acquired by Williams Deacon's Bank Ltd of London and Manchester. This was later acquired by RBS and amalgamated with other acquired networks to form Williams & Glyn's Bank in 1970.

The Grade II listed building was built in 1892 possibly on the site of the "OLD BANK / FOUNDED 1792" as the sign above the doorway reads. The impressive building is notable for its polished granite columns.

A planning applications has already been approved to decommission the branch, following its closure. The plans stated: "The proposals are necessary to ensure that the building presents an attractive proposition for re-use by an alternate occupier (subject to the necessary consents). The removal of these items aims to ensure that the building is increasingly viable and thus aim to reduce the amount of time that the building is vacant."

RBS website

Images: Styles & Wood

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Thursday, September 6, 2018

News: RBS confirms closure for remaining Rotherham branch

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The last remaining Royal Bank of Scotland Group (RBS) branch in Rotherham will close in January, the taxpayer-backed group has confirmed.

The High Street branch at Swallownest is one of 54 more branches set to close.

RBS in England & Wales and NatWest retail banking business in Scotland was due to be divested and relaunched as a separate "challenger bank", under the brand name, Williams & Glyn.

This year however, Rothbiz reported that the taxpayer-backed RBS group has decided that NatWest should become its primary customer facing brand in England and Wales and Royal Bank of Scotland its core brand in Scotland.

The decision meant that the Rotherham town centre branch would close in November and the Wickersley branch in August.

Following hundreds of closures, both RBS and NatWest branches, the group now said it was "in a position where the size and shape of our branch network across NatWest and Royal Bank of Scotland will be stable until at least 2020."

The latest closures will result in 258 roles being made redundant.

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An RBS spokesperson said: "As we are no longer launching Williams & Glyn as a challenger bank we now have two branch networks operating in close proximity to each other in England and Wales – NatWest and Royal Bank of Scotland. As a result we have reviewed our overall branch footprint in England and Wales and have made the difficult decision to close 54 Royal Bank of Scotland branches.

"Customers of Royal Bank of Scotland in England and Wales will be able to use NatWest branches and local post offices for their everyday banking needs. We will now focus on investing in our Royal Bank network in England and Wales to make sure customers have a consistent range of products and services wherever they bank, be it Scotland, England or Wales."

The Swallownest branch will close on January 15 2019 and the closest NatWest branches for customers are at Wickersley, Rotherham town centre and Crystal Peaks in Sheffield.

The bank said that since 2014, branch transactions are down 30%. During this same period, there has been a 53% increase in the number of customers using mobile banking and mobile transactions have increased by 74%.

For Swallownest, RBS said that counter transactions have reduced by 35% since 2012, only 112 customers are using the branch on a regular basis and a total of 5,540 customers visited the branch in the last six months.

Plans have already been submitted to change the use of the former Wickersley RBS into Class A3 (Restaurants and Cafes). For the town centre branch at the foot of the historic High Street, plans have been approved to decommission the branch inside a listed building, following its closure.

RBS website

Images: Google Maps

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Thursday, August 23, 2018

News: Plans in for Rotherham bank

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A Royal Bank of Scotland Group (RBS) branch in a Rotherham suburb could be converted into a new restaurant under new plans deposited with the local council.

RBS in England & Wales and NatWest retail banking business in Scotland was due to be divested and relaunched as a separate "challenger bank", under the brand name, Williams & Glyn.

This year however, Rothbiz reported that the taxpayer-backed RBS group has decided that NatWest should become its primary customer facing brand in England and Wales and Royal Bank of Scotland its core brand in Scotland.

The decision meant that the Rotherham town centre branch would close in November and the Wickersley branch in August.

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A planning application has now been submitted for the change of use of 208/210 Bawtry Road in Wickersley from Class A2 (Financial and Professional Services) to Use Class A3 (Restaurants and Cafes) use.

The plans for the two-storey, 1,700 sq ft unit on The Tanyard are from Bischi (Properties) Limited and also include proposals for a new shopfront.

Although no operator has been disclosed, the proposal is to open seven days a week, opening throughout the day and early evening until 10pm, including opening on bank holidays.

Six jobs could be created.

Recent applications for the Wickersley area for new bars have been refused by Rotherham Council. The authority said that, cumulatively they would result in the loss of two A1 units and reduce the overall number of retail units within the primary shopping frontage to 64%, contrary to recently approved new local planning policies.

The latest application, submitted by agents at Bradley Stankler Planning, states that the RBS unit is already used for a non-retail use and so the "argument about loss of a retail use is itself not relevant as the proposal involves the replacement of one non retail use with another."

The unit has been advertised by joint agents at Carter Towler and Paul Lancaster with an annual rent of £42,000.

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For the town centre branch at the foot of the historic High Street, plans have been approved to decommission the branch, following its closure.

The plans are required as the property is a Grade II listed building and involve removing all banking related fittings from the building.

The application stated that: "The proposals are necessary to ensure that the building presents an attractive proposition for re-use by an alternate occupier (subject to the necessary consents). The removal of these items aims to ensure that the building is increasingly viable and thus aim to reduce the amount of time that the building is vacant."

Images: Google Maps

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Thursday, May 17, 2018

News: RBS prepares to vacate Rotherham branch

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The Royal Bank of Scotland Group (RBS) has moved quickly to prepare the historic bank building on the High Street for a new occupier as it closes its Rotherham town centre branch in November.

Rothbiz reported earlier this month that the High Street branch was one of 162 branch closures announced by the taxpayer-backed group having decided that NatWest should become its primary customer facing brand in England and Wales and Royal Bank of Scotland its core brand in Scotland.

Now a planning application has been submitted to decommission the branch, following its proposed closure. The plans are required as the property is a Grade II listed building.

The plans, drawn up by Styles & Wood Integrated Property Services, involve changes on the outside including removing signage and removing the cash machine and replacing it with sandstone ashlar blocks to match the existing frontage. Inside, work would involve removing the cashiers counter and banking related fittings and fixtures.

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The plans state: "The branch is due to close in November 2018. Accordingly, the objective of the works that are subject to this application is to remove all banking related fittings from the building.

"The proposals are necessary to ensure that the building presents an attractive proposition for re-use by an alternate occupier (subject to the necessary consents). The removal of these items aims to ensure that the building is increasingly viable and thus aim to reduce the amount of time that the building is vacant."

The closure follows on from an announcement in December to close 62 RBS branches, and 197 NatWest branches, including the branch in Dinnington. The RBS branch at Wickersley is set to close in August.

NatWest announced that it would close its Corporation Street branch in Rotherham town centre in 2014 with the alternative branch on Effingham Street remaining open and refurbished. The Corporation Street branch building has remained empty since closing. Rothbiz understands that it was acquired by a Sheffield-based real estate firm.

The RBS property is within the town centre conservation area and the High Street area has benefited from the Townscape Heritage Initiative where £4.7m investment from the HLF, Rotherham Council and the property owners has led to the restoration, renovation and repair of a number of historic buildings.

The planning application adds that: "Whilst altered throughout the life of the building, the internal appearance retains many original features, such as moulded ceilings, paneled timber doors, traditional architraves and skirtings."

The building was built in 1892 possibly on the site of the "OLD BANK / FOUNDED 1792" as the sign above the doorway reads. The impressive building is notable for its polished granite columns.

Images: Styles & Wood

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Tuesday, May 1, 2018

News: RBS to close Rotherham branch

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The Royal Bank of Scotland Group (RBS) is set to close its branch inside the historic bank building on the High Street in Rotherham town centre.

RBS in England & Wales and NatWest retail banking business in Scotland was due to be divested and Rothbiz reported in 2013 that it would be launched as a separate "challenger bank", under the brand name, Williams & Glyn.

This year however, the taxpayer-backed RBS group has decided that NatWest should become its primary customer facing brand in England and Wales and Royal Bank of Scotland its core brand in Scotland.

Now a further 162 branch closures have been announced, including the Rotherham branch in November and the Wickersley branch in August. It is not clear what will happen to the Swallownest branch which was set to become part of Williams & Glyn.

The news follows on from an announcement in December to close 62 Royal Bank of Scotland branches, and 197 NatWest branches, including the branch in Dinnington. NatWest announced that it would close its Corporation Street branch in Rotherham town centre in 2014 with the alternative branch on Effingham Street remaining open and refurbished.

The Corporation Street branch building has remained empty since closing.

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An RBS spokesperson said: "We are no longer launching Williams & Glyn as a challenger bank, and we now have two branch networks operating in close proximity to each other; NatWest and Royal Bank of Scotland, in England & Wales. As a result we have had to review our overall branch footprint in England and Wales and we've made the difficult decision to close a number of Royal Bank of Scotland branches. Customers of Royal Bank of Scotland in England & Wales will be able to use NatWest branches instead for their everyday banking needs.

"Furthermore, the way customers bank with us has changed radically over the last few years. Since 2014, branch transactions across Royal Bank of Scotland in England & Wales are down 30%. During this same period, there has been a 53% increase in the number of customers using mobile banking and mobile transactions have increased by 74%. We now provide our customers with more ways to bank with us than ever before – customers can choose from a range of digital, face-to-face and local options to suit their needs.

"We expect these branch closures to result in around 792 roles being made redundant. We realise this is difficult news for our colleagues and we are doing everything we can to support those affected. We will ensure compulsory redundancies are kept to an absolute minimum."

A key building at the foot of Rotherham High Street, the Rotherham branch has its history in the Sheffield & Rotherham Joint Stock Banking Co Ltd which was a past constituent of RBS. The bank was established in 1792 by famous Rotherham steelmakers, the Walker brothers; along with Vincent Eyre, agent of the Duke of Norfolk (the principal landowner in the area); and William Stanley, a local businessman described as a "gentleman well-known and much respected at Rotherham."

The bank renamed Walkers & Stanley in 1829 and in 1836 the business was sold for £27,000 to a new joint-stock company, Sheffield & Rotherham Joint Stock Banking Co. The bank grew rapidly but the business was not without problems. Major accounting deficiencies were discovered during the 1840s and bad debts soared during the local commercial depression of the late 1870s.

In 1907, with a paid-up capital of £256,000, the bank was acquired by Williams Deacon's Bank Ltd of London and Manchester. This was later acquired by RBS and amalgamated with other acquired networks to form Williams & Glyn's Bank in 1970.

The Grade II listed building was built in 1892 possibly on the site of the "OLD BANK / FOUNDED 1792" as the sign above the doorway reads. The impressive building is notable for its polished granite columns.

RBS website

Images: Google Maps / Rotherham Archives

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Friday, December 1, 2017

News: NatWest to close another Rotherham bank

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The NatWest branch in Dinnington, Rotherham is set to close next year. It follows the closure of the HSBC branch, just over the road, and leaves the town with the prospect of having no major High Street bank.

Following a review of the branch network by the taxpayer-backed Royal Bank of Scotland Group plc, a decision has been taken to close 62 Royal Bank of Scotland branches, and 197 NatWest branches.

The Dinnington branch of NatWest on Laughton Road is due to close on June 4 2018.

An RBS spokesperson said: "More and more of our customers are choosing to do their everyday banking online or on mobile. Since 2014 the number of customers using our branches across the UK has fallen by 40% and mobile transactions have increased by 73% over the same period. Over 5 million customers now use our mobile banking app and one in five only bank with us digitally.

"We're providing our customers with more ways to bank than ever before – they can choose from a range of digital, to face-to-face options. As customers continue to change the way they bank with us, we must change the way we serve them, so we are investing in our more popular branches and shaping our network, replacing traditional bricks and mortar branches with alternative ways to bank, including; Community Bankers, Mobile Bank on Wheels, and Post Offices, so that we can reach even more customers.

"We expect these branch closures to result in around 680 redundancies. We realise this is difficult news for our colleagues and we are doing everything we can to support those affected. We will ensure compulsory redundancies are kept to an absolute minimum."

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The closest branch for Dinnington customers will be at Wickersley. NatWest announced that it would close its Corporation Street branch in Rotherham town centre in 2014 with the alternative branch on Effingham Street remaining open and refurbished.

Without a local branch, NatWest and HSBC customers can get a balance, make withdrawals and pay in cash and cheques at the Post Office, which was only saved thanks to a link up with retailer, Heron Foods.

RBS said that this latest move will result in around 680 redundancies, adding, "we will seek to manage this process on a voluntary basis."

Rob MacGregor, Unite national officer said: "The Royal Bank of Scotland has decided to decimate its bank branch network. Now serious questions need to be asked about whether these closures mark the end of branch network banking."

Earlier this week, Lloyds Banking Group informed staff that they will be closing another 49 branches of the Halifax, Bank of Scotland and Lloyds Bank, including two in Sheffield.

RBS plc website

Images: Google Maps

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Friday, January 13, 2017

News: Druro UK expands with acquisition

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Rotherham-based Duro UK, a leading supplier of synthetic diamond tools and power tool accessories, has acquired a company based in Wales as it looks to expand its customer base.

Duro has its UK head office in Dinnington alongside sister company Yokota UK, and offices and warehousing in Antwerp, Belgium. Focusing on cutting, grinding, drilling and breaking tools for construction materials, the growing firm specialises in diamond, abrasive, carbide and steel based tools.

The firm has completed the acquisition of Pegasus UK and Pegasus Industrial Products for an undisclosed sum. Funding to support the transaction has been structured by the Royal Bank of Scotland's corporate transactions team.

Trading as Pegasus Diamond Blades, the Pontypridd firm is a supplier of all kinds of diamond cutting equipment and accessories.

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Paul Morewood, managing director at Duro UK, said: "We are an innovative thinking power tool accessory specialist and the completion of this deal helps us to expand our customer base across the UK.

"We are looking forward to working with the team at Pegasus Diamond Blades and are also grateful for the backing we have received from the Royal Bank of Scotland and Wake Smith."

Stuart Watson, director in the corporate transactions team at RBS, added: "The acquisition of Pegasus strengthens the geographical footprint for Duro UK Ltd and complements their existing business extremely well.

"It will open up a new customer base and we are very happy to support this acquisition which will increase the future potential of both businesses."

Advisers on the deal include John Baddeley, director at Wake Smith Solicitors who acted on behalf of Duro UK and RBS.

RBS was represented by Stuart Watson and Alan North, a relationship director.

Duro UK website

Images: Duro UK


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Friday, August 19, 2016

News: Latest round of £2.5m Skills & Opportunities Fund opens

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Local projects aimed at boosting enterprise and self-employment are being targeted for support as part of a £2.5m fund set up by NatWest and The RBS Group.

The Skills & Opportunities Fund saw the banking group commit £2.5m last year to fund projects in charities, social enterprises, community groups, state-funded schools and colleges across the UK and Ireland. It is dedicated to supporting projects in disadvantaged communities that help people to help themselves by learning new skills, getting into the world of work or setting up their own business.

A further allocation of £2.5m is being split across two rounds in 2016 and applications to the fund are being invited as the latest round opens today (August 19). Eligible organisations can apply for up to £35,000 each.

From over 2,700 entries and 270 shortlisted organisations, the bank has supported 163 organisations since the fund opened in May 2015.

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Seven regions have their own decision making boards in order to distribute the funds. Although all regions will be looking to fund projects that enable people to help themselves, each will have differing priorities recognising regional differences.

Richard Topliss, ‎managing director at RBS Corporate Banking, North of England and chair of the North Board, explained: "For this round the North Board have focused on two specific areas of activity. Firstly, we want to fund projects that help people investigate self-employment and start their own business. We also want to support projects that aim to improve the financial education of disadvantaged people to help them manage their personal finances more effectively."

A shortlist of projects being considered for funding in each region will be published later in the year. Voting will then be open to the public and the outcome of the public vote will be taken into consideration by the regional judging panels.

Previous projects securing funding include AALFY in Sheffield (pictured), a social enterprise running the Learn|Create|Sell project - a creative and practical course for the unemployed. It is a collaboration with Hantu, a Sheffield-based fashion label. Each participant will be taught the skills to produce a commercial product on a laser cutter and a shop will then launch their start-up business.

Action for Business Ltd secured funding last year to help budding entrepreneurs in Bradford West set up sustainable companies through their Carlisle Business Centre. The funding goes towards a project aimed at maximising the entrepreneurial potential of Black, Asian and Minority Ethnic (BAME) communities.

Skills & Opportunities Fund website

Images: AALFY


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Monday, February 29, 2016

News: Williams & Glyn name to return to Rotherham

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Williams & Glyn, a bank brand that has been dormant for 30 years, will soon return to Rotherham's High Street.

The historic bank building on the High Street in the town centre is one of over 300 branches in the UK that The Royal Bank of Scotland Group (RBS) must sell after a European Commission ruling following its 2008 government bail-out.

The process began in 2013 after a delayed deal collapsed that would have seen Spanish banking group, Santander, buy 316 RBS branches. A £600m pre-IPO investment was announced which paved the way for a initial public offering and the selling of shares as the brand is separated from RBS and operates as a standalone "challenger" bank - Williams & Glyn.

Whilst continuing preparations for an IPO, RBS has said that it plans to sell the business by the end of 2016 having received a number of informal offers.

Now, a planning application has been submitted for new signage at the Rotherham branch that signifies that it is ready to be transferred to the new William & Glyn operation.

Even when the name above the door and uniforms change, customers will still be RBS customers until Williams & Glyn is legally separated to become a standalone bank "by the end of 2016."

RBS submitted a banking licence application for Williams & Glyn at the end of 2015 and is working with the financial authorities towards obtaining the licence and separating the business from RBS.

Ross McEwan, CEO at RBS, said: "Separating out the Williams & Glyn business is a complex process, but we remain focused on meeting our State Aid obligation, achieving full divestment by the end of 2017, and reaching the best outcome for shareholders, customers, and staff."

RBS has 1,600 branches, down from 2,200 in 2010. It recently reported a £2bn annual loss for 2015.

The Rotherham branch has its history in the Sheffield & Rotherham Joint Stock Banking Co Ltd (1792-1907) which was a past constituent of RBS. The bank was established in 1792 by famous Rotherham steelmakers, the Walker brothers; along with Vincent Eyre, agent of the Duke of Norfolk (the principal landowner in the area); and William Stanley, a local businessman described as a "gentleman well-known and much respected at Rotherham."

Walkers, Eyre & Stanley was renamed Walkers & Stanley in 1829 and in 1836 the business was sold for £27,000 to a new joint-stock company, Sheffield & Rotherham Joint Stock Banking Co. The bank grew rapidly but the business was not without problems. Major accounting deficiencies were discovered during the 1840s and bad debts soared during the local commercial depression of the late 1870s.

In 1907, with a paid-up capital of £256,000, the bank was acquired by Williams Deacon's Bank Ltd of London and Manchester. This was later acquired by RBS and amalgamated with other acquired networks to form Williams & Glyn's Bank in 1970.

The Grade II listed building that stands at the foot of Rotherham's High Street today was built in 1892 possibly on the site of the "OLD BANK / FOUNDED 1792" as the sign above the doorway reads. The impressive building is notable for its polished granite columns.

RBS website

Images: RBS / Pearce Signs

Read more...

Monday, February 15, 2016

News: Rotherham RBS call centre a "key site"

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The Royal Bank of Scotland (RBS) is preparing to cut 400 staff in its business division according to reports in a national newspaper - but a Rotherham call centre is set to be saved.

The Mail on Sunday reported that around 400 staff in its business division have been warned that the state-owned bank is cutting staff at local branches and is also replacing dozens of call centres with just four sites.

The RBS group moved their Lombard business across Rotherham to the state-of-the-art Cyan Building at Adwick Park in Manvers in 2007, relocating around 600 staff.

In 2010 RBS announced 3,500 job losses in the UK with the closure or withdrawal from 12 UK centres with a further three centres under review. It was also announced that the centre in Rotherham would be retained.

Now an RBS spokesperson told the press: "We are making changes within business banking to provide a simpler, more efficient and more customer-focused service based around the changing way our customers want to interact with us.

"As part of this programme we will be improving our telephone service by aligning our teams and bringing staff together at four key sites across the UK; creating a new team of business growth enablers to help support local businesses; and increasing the number of services available to customers online.

"Unfortunately, these changes will result in a number of job losses. We realise how difficult this news is for our staff and we will do everything we can to support those affected, including the retraining and redeployment of staff into new roles."

It was reported that "key sites" dedicated to improving the telephone service to customers will be based in Croydon, Edinburgh, Birmingham and Rotherham.

RBS website

Images: Google Maps

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Thursday, January 7, 2016

News: Nicholas Associates Group marks launch with latest acquisition

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The Rotherham-based industrial and commercial recruiter which launches this month as Nicholas Associates Group has made another acquisition as it continues to push ahead with ambitious expansion plans.

The group's vision is to become the market-leading partner of choice for talent management solutions "from apprentice through to boardroom level" and brings together Stafforce Recruitment, Nicholas Associates and Apprentice Employment Agency brands, complemented by a number of other specialist offerings.

The latest addition comes with the acquisition of Ashley Kate HR, a specialist HR recruitment company, for an undisclosed seven figure sum. The deal is supported by RBS and RBSIF, and is part of an eight figure refinancing that will underpin the continued expansion and diversification of the group.

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Ashley Kate HR is regarded as one of the pre-eminent HR brands across Yorkshire and the Midlands and has delivered in excess of 35% growth in revenue and profits in the last three years, expanding the consultancy team to over 30. The group said that the acquisition is a strategic diversification of existing brands.

Lisa Gainsford, CEO at Nicholas Associates Group, said: "The acquisition of Ashley Kate HR is an essential step in diversifying our group into specialist HR recruitment. The company has an exceptionally strong brand and online social media presence, robust financial performance and a niche specialism that complements our other professional arms of Engineering, Finance and Executive recruitment. We are delighted the Vendors have given our Group the opportunity to take their business to the next level."

The Vendors of Ashley Kate HR, added: "Since its inception in 2001, Ashley Kate HR has been a recruiter of choice for HR professionals. After 15 years of running the business as an independent recruitment consultancy we made the decision to find a new home for the company that would offer growth whilst maintaining quality of service; the personal, professional and honest service that the HR professionals we have worked with have come to expect.

"We are delighted that Ashley Kate HR has now become part of the Nicholas Associates Group, a company whose values, ethos and reputation are firmly aligned with those of Ashley Kate HR's. We are confident that the investment, not just financial, from the new owners will ensure the company continues to go from strength to strength."

Paul Mann and Mae Salem from Squire Patton Boggs in Leeds advised Nicholas Associates. Advising the Vendors were Springboard Corporate Finance. DSW TS Leeds provided due diligence for the Group and RBS.

Stuart Watson, director of the corporate transactions team at Royal Bank of Scotland, said: "We are confident this acquisition will be a profitable decision and is fundamental to Nicholas Associates strategy of diversifying into higher margin sectors."

Headquartered in Rotherham town centre, the company now has 16 branches and 24 onsite operations stretching from the north of Scotland to the south coast of England. In 2014 the company recorded sales of £66m and is forecasting to grow that to £81m in 2015, with similar growth rates predicted for subsequent years. The aim is to achieve a £200m turnover within five years.

As part of the ambitious five-year growth strategy, a far-reaching restructure of its senior management team was carried out earlier this year. Established in 1977 by local entrepreneur, Nick Cragg, the growth strategy also includes preparations for longer term succession.

A deal was concluded at the end of 2015 for XL Graduate Placement, a Newcastle based company providing temporary and permanent graduate recruitment services for an undisclosed sum.

Stafforce website
Nicholas Associates website

Images: Nicholas Associates

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Friday, November 20, 2015

News: Ultimate Drone wins £30k investment

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Ultimate Drone has been announced as the first winner of the Y-Accelerator programme, picking up a £30,000 investment to support the commercialisation of a new generation of drone.

Following a successful trade mission, five companies came to the region as part of an intensive mentoring programme with the aim of fast-tracking ideas into high-growth businesses. After receiving initial support from the South Korean Government, they were housed in one of Rotherham's four enterprise centres run by RiDO, the Council's regeneration arm.

The Y-Accelerator has been delivered in partnership by Rotherham Investment and Development Office (RiDO), the University of Sheffield and South Korean trade organisation TRoom, with valuable support from Sheffield Hallam University and numerous public and private sector mentors.

Over 12 weeks, five innovative South Korean start-up teams have benefited from the programme which culminated in an investor pitch day, hosted at leading Rotherham manufacturer, AESSEAL's head office at Templeborough. The teams delivered a seven minute pitch and were questioned by a panel of judges and the audience which included a variety of potential investors and partners.

The judging panel was made up of Gordon Bridge, chairman and group director at AESSEAL Plc, Julie Kenny, chief executive of Pyronix Ltd, and Peter Sorsby, director of corporate banking, Royal Bank of Scotland.

After deliberation and an audience vote, Ultimate Drone was announced as winner, receiving £30k investment from the programme. Ultimate Drone is developing a revolutionary high-powered multi-rotor commercial drone with superior payload capacity, stability and endurance, outperforming existing platforms by a factor of three.

Changkeun Moon, CEO of Ultimate Drone said: "Before participating in the Y-Accelerator programme we developed great technology but we didn't have a business. Now we have a strong business model and the confidence to realise our ambition of achieving a 10% share of the worldwide drone market."

Amanda Parris, RiDO business centres manager said: "All five teams have made significant progress in their short time here. All now have scalable business models and have received strong interest from potential investors or partners in the UK. It has been an absolute pleasure to work with such a dedicated group; they have been an inspiration."

Julie Kenny, who is also a commissioner at Rotherham Council, said: "I was impressed by the quality of the pitches; choosing the winner was a close call. I believe all the teams have the ability to develop successful businesses in the UK and I am pleased they have chosen Rotherham as the place to do it."

Y-Accelerator website
RiDO website

Images: RiDO

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Wednesday, May 14, 2014

News: All smiles as dental practice acquired

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A pair of dentists are cutting their teeth in business after taking over a Rotherham dental practice.

Lee-Anne Wilmot and Rebecca Davidson have taken over Ivy Cottage Dental Care in Rotherham town centre by using funding from The Royal Bank of Scotland (RBS) to purchase the NHS dental practice and acquire the freehold of the historic property at The Crofts.

The cottage dates back to the 1600's and later became the town's first workhouse, which operated for almost 200 years up until 1838, when a new, purpose built workhouse was built on Alma Road. It is thought that it first became a dentist's around 1900 and has been one ever since.

Lending has been provided under two of the bank's government-backed affordable lending schemes: the Enterprise Finance Guarantee scheme and the Funding for Lending scheme.

Dr Lee-Anne Wilmot from Ivy Cottage Dental Care (pictured, left), said: "Rebecca and I have known each other through friends so when the opportunity to work together and buy Ivy Cottage Dental Care arose we knew it was one we couldn't miss.

"Rebecca has worked at the practice for two years so is already familiar with the patients and the running of the clinic so that was one less hurdle we knew we'd have to overcome."

RBS has a specialist healthcare team helping businesses in the sector, such as care homes and private acute hospitals, acquire new premises, purchase expensive equipment and fund new staff.

Ivy Cottage Dental Care website
RBS website

Images: Ivy Cottage Dental Care

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Tuesday, January 14, 2014

News: EMSc (UK) Ltd backed to meet demand

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EMSc (UK) Ltd, green tech manufacturer of the innovative Star range of energy saving products, has secured £3m of additional funding as it eyes up further expansion and aims to become a £60m company in the next five years.

The innovative firm expanded from premises in Rotherham last year to a 23,620 sq ft unit in Sheffield comprising the head office, manufacturing space and R&D facilities.

The Powerstar system is the only voltage optimisation system wholly designed and manufactured in the UK and works by reducing the the voltage supplied by the National Grid. It can actively reduce electrical energy consumption by an average of 12-15% of consumed electricity.

EMSc employs over 100 people and has manufactured more than 4,000 systems installed in 15 countries. The company outgrew its premises at Templeborough and relocated to St Paul's Developments' Smithy Wood Business Park, increasing manufacturing capacity by 500%. Sister company, VO4HOME targets the domestic market and still has its head office in Rotherham.

It is hoped that the new funding from RBS will help enable the company to capitalise on significant demand from both domestic and international markets.

The demand was shown recently when a £50m tranche of funding, made available to private and public sector companies seeking to install energy saving solutions in the last quarter of 2013, was completely allocated. EMSc (UK) Ltd received over 1,300 applications for the funding.

Alex Mardapittas, CEO at EMSc (pictured), said: "The global community has ambitious strategies to reduce reliance on fossil fuels and, being the only company in the world with a patent on a voltage optimisation (VO) product, our technology can significantly help in achieving these goals.  These funds will enable us to grow in our existing UK and overseas markets and target other markets such as the USA and China."

Stuart Watson, Director at RBS, added: "The RBS Divested team was delighted to support this business. It is always good to see a local manufacturer with a product that is both innovative & energy saving competing successfully abroad. Our loan structure reflected the forecast cash generation of the expansion plans rather than rely on a more traditional security based approach."

BDO, which has offices in Leeds and Sheffield, acted on behalf of the shareholders of EMSc providing fundraising support, detailed business planning and financial modelling.

Powerstar website

Images: EMSc (UK) Ltd

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Wednesday, November 20, 2013

News: Norton Finance secures backing for growth

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Rotherham-based Norton Finance, one of the UK's leading specialists in the loans and regulated mortgage markets, has secured a large banking facility to support its further growth.

Based on Mansfield Road in the town centre, the family owned business operates as a group of companies including a profitable lending arm and divisions specialising in loans and mortgages and debt management. It employs around 240 people and celebrates its 40th birthday this year.

Funding has been secured from Royal Bank of Scotland Corporate & Institutional Banking (RBS CIB) and will be used to refinance its existing debt and support its continued expansion plans.

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Norton Financial Services is now known as Norton Home Loans and the credit facility has enabled Norton to increase its existing first and second charge lending and increase loan sizes, reduce rates and use a standard lender fee.

Paul Stringer, director at Norton Finance, said: "We are delighted to have secured financial backing from RBS CIB which is a testament to the Norton Finance Group’s business model and its many years of success in the loans and mortgage market. The new funding puts us in a very strong position and will allow us take advantage of the predicted increase in lending in 2014."

Nick Parkhouse, senior director – FI Structured Finance, RBS CIB, who led the deal, added: "We're delighted to close this transaction with Norton and support them in their growth plans. The mortgage market is one RBS has good experience in lending to and we are especially pleased to work with a management team who have built such a successful business and to be assisting them in their next phase of growth."

Last year, parts of the group - Norton Finance (UK) and Norton Insurance Services Limited entered administration. They provided a loan and brokerage service and also advised and sold Payment Protection Insurance (PPI). Midlands doorstep lender and motor finance company, S&U plc acquired the home credit business. A pre-pack deal saw another group company, Norton Finance and Mortgage Limited buy assets from the companies in administration for £10,000.

For 2012, Norton Finance reported a turnover of £12m and profits of £900,000.

Norton Finance website

Images: Norton Finance

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Monday, October 14, 2013

News: Lombard aims to put £20bn RBS surplus to work

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Lombard, the UK's largest asset finance provider, is committed to helping small to medium-sized enterprises (SMEs) access the £20bn of additional available funding recently announced by The Royal Bank of Scotland Group (RBS).

Lombard recently celebrated its 150 years in business since it began hiring out rolling stock to the railways as the North Central Wagon and Finance Company in Rotherham in 1861. It still has around 600 staff in Manvers and specialises in products such as hire purchase, operating lease and sale and leaseback.

Earlier this year, RBS launched a review into its business lending after identifying £20bn of surplus deposits. Lombard is the group's dedicated asset finance division.

Richard Hemsley, Lombard's newly appointed managing director (pictured), explained that "Lombard is 100% focused on providing the funding that businesses need to get back on their feet.

"The funding of capital investment is of fundamental importance at a time when we are seeing signs of improvements in the economy." 

In the first half of 2013 Lombard has seen increased funding levels from specific sectors notably production assets (up 17%), light commercial vehicles (up 8%) and cars (up 6%).

Lombard's research, conducted by OnePoll with 600 companies in March 2013, showed that businesses were putting off investment in their capital assets which was resulting in lost orders to the tune of £5.4bn.

Hemsley added:: "The UK cannot afford to sit back at this point in the recovery – there are many opportunities for businesses to capitalise and we believe that in order to do this, they should be operating with the most up to date kit. If the UK is to build a sustainable and secure economy, and to establish a competitive position in the global marketplace, it is essential that businesses recognise the important role that investment will play in delivering these objectives."

Lombard specialises in asset finance, a form of funding that uses the asset as security and helps business release working capital. It is a flexible means of funding business investment without taking money out of reserves.

Hemsley concludes: "Despite the recent economic downturn, Lombard has continued to back business lending where other asset finance providers have moved out of the market. We have remained constant in providing support for SMEs in particular, lending £1.5bn to this sector in 2012.

"As I take up my new position, I shall be considering ways in which we can further enhance the service that we provide to our customers. We also have access to the £20bn of surplus deposits available through our parent bank, RBS, which is ready to be put to work to help the economy. This lays down a marker for Lombard and RBS' ongoing commitment to these customers, and to UK businesses as a whole."

Lombard website

Images: Lombard

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