DEALS & MERGERS IN BRIEF
Partnership highlights the need for speed
Qdos Contractor has announced a partnership with the contractor onboarding specialists HiredByMe, in an initiative which could see thousands of independent workers begin their work placements quicker. Built specifically for UK
contractors, HiredByMe's Document Hub helps contractors share legally-required documents in seconds with employers and agencies, to ensure the recruitment process is shortened. Seb Maley, CEO of Qdos
Contractor, said: "The average hiring time for a role in the UK is four weeks, which is too long. To truly reap the benefits of hiring contractors and plug skills gaps, employers need to be able to get contractors through the door and working.”
FieldCandy sold in pre-pack deal
Four jobs have been saved at Chesterfield-based FieldCandy after the company was sold out of administration by appointed
administrator Smith Cooper. Dean Nelson, from Smith
Cooper, was appointed administrator on 3 February, with a sale completed to Alfreton-based Hubaco.
Rachel McCahill, of Nelsons
Solicitors, led the legal advice for FieldCandy, with Fraser Cunningham of Smith Partnership providing legal advice to Hubaco. Despite the business being
sold out of administration and the jobs preserved, there is unlikely to be any dividends paid to creditors.
Acorn strengthens Babington Group
Babington Group, one of the UK’s leading providers of apprenticeships and skills training, has acquired Acorn Training Consultants. The acquisition further
strengthens the group’s portfolio and supports the ambitious plans for growth in the skills and training market. The acquisition was led by
Adrian Fantham, CFO at Babington Group, owned by RJD Partners, the UK private equity investor, and supported by the management team. Carole Carson, CEO at
Babington Group, said: “I am delighted to announce the acquisition of Acorn Training Consultants. Acorn has a fantastic reputation in the industry and fits our strategy for continued growth.”
14 business network March 2017
L-R :Matt Davies and Ollie Piddubriwnyj
New growth for Fifteen
Award-winning digital agency Fifteen has acquired Attitude Design for an undisclosed sum following a three-month negotiation. Fifteen now owns Attitude Design’s brand, domain name and the
company assets. Fifteen, formed 13 years ago by Ollie Piddubriwnyj, has also taken
on staff from Attitude Design, who will move to Fifteen’s large office space at Armstrongs Mill, on Middleton Street, in Ilkeston. The office has been extended to cater for the extra employees,
adding to its existing 23-strong workforce. Matt Davies, who was Managing Director at Attitude Design, has
taken on a key position in the senior leadership team at Fifteen and will work with Ollie and Kate Crowther, Fifteen’s Client Services Director, to enhance the offering to both Fifteen and Attitude Design's clients.
The Ryley Wealth Management team, including Gary Hamson (front centre) and David Ryley (third from right) Firm continues to expand
Ryley Wealth Management, Senior Partner Practice of St. James’s Place Wealth Management, has taken another significant step forward in its planned growth strategy in acquiring Hallmark (East Midlands) Ltd. This comes shortly after relocating to new offices on the NG2 business park and achieving the prestigious Chartered Firm Status. The merger brings six staff into the Ryley Wealth Management fold, increasing the number of employees to 26, compared with 14 just 12 months ago. David Ryley, Chief Executive of Ryley Wealth Management, said: “Hallmark brings considerable strength and depth to our offering and in particular expertise in the football and leisure sectors. Gary and
his team have a huge amount of experience in providing bespoke, face-to-face, financial advice and they will be great assets to the business. “We continue to hold a very positive outlook on the
East Midlands economy and our business model is structured to enable further controlled expansion to take advantage of the opportunities we expect to arise. We expect to make further acquisitions of other financial advisory businesses, if they are the right fit, in 2017.” Gary Hamson, founder of Hallmark, said: “We have
known and respected the Ryley Wealth Management business for many years and the opportunity to join such a forward thinking firm was very compelling. We are delighted to be part of the bigger team.”
Dentists have more time for patients
Nottingham-based accountancy firm Page Kirk has advised on one of the first new deals between Denplan and local dental practices. The deal ensures that both partners have 50/50 ownership, but enables the dentist to retain day-to-day clinical management of the practice. The scheme offers peace of mind
to dentists by setting out the basis on which the remaining half-share of the practice will be valued. It also helps the practitioner enjoy their hard work and success by freeing up finances. Dr Colin Doody, of The Dental
Practice, in Dronfield Woodhouse, Sheffield, is an early beneficiary of the new Dental Partnership Programme which resulted from a strategic review from Simplyhealth, of which Denplan is a part. He said: “The help and advice
Page Kirk has given us has been excellent. Page Kirk is knowledgeable about the finances specific to dental practices and although this has been a new business model to everyone, they have been invaluable.”
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