Volvo CE to divest British


dealership to SMT Volvo Construction Equipment (Volvo CE) has announced that it is divesting its wholly owned British dealership to long-term distribution partner SMT. The deal was signed on July 4th and is now followed by an employee


consultation period before becoming effective (intended to be on 31st August 2017). The sale includes the distribution rights for Volvo-branded construction equipment machines, parts and aftersales in Great Britain, as well as Volvo Construction Equipment Great Britain’s headquarters in Duxford, Cambridgeshire, its nationwide operations, most other assets and the transfer of all employees. The existing management structure will remain in place. Commenting on the deal, Volvo CE president Martin Weissburg said: “Volvo


CE’s distribution in Great Britain is now in the hands of an independent and strategically aligned distribution partner, led by an experienced leadership team. This move supports the general transformation programme that is improving the long-term competitiveness of Volvo CE.” SMT is already an established Volvo Group distribution partner, distributing


Volvo CE products and services in the Netherlands, Belgium and Luxembourg, as well as 18 African nations, including Algeria, Morocco and Nigeria. Part of the SDA Holding group, SMT had revenues in 2016 in excess of €350 million, and is a distribution partner for other Volvo Group companies.


CRASH Charity Golf Day 2017 Global events and media experts at Versanta are asking members of the Construction industry to take to the fairways as part of a fundraising campaign for CRASH – The construction industry Charity. Its set to be an annual event


and this year will be hosted at the internationally renowned PGA Professional course at The Belfry, Sutton Coldfield. In its inaugural year, the


organising team is hoping for not only a healthy show of golfers to dust off their clubs, but some generous sponsors to give Crash a cash boost. Colin Heath, Managing


Director at Versanta said “CRASH is the construction industry’s charity. It is a unique, practical charity that assists homeless and hospice charities with construction related projects, we believe in the work of the charity which aligned them perfectly with an event for the insulation industry to support” In addition to an excellent day of golf, supporters will also be treated to a


sportsman’s dinner with a sporting legend taking the mic after a 3-course dinner. Colin added: “Versanta will be covering all associated costs of the golf event so


that all donations either from sponsorship or in cash go to the charity. “You never know when either you or a family member or close friend may rely


on this vital service.” Construction lagging even further


behind on gender diversity says Pipeline annual report Women Count 2017, the second annual report by the Pipeline, has tracked


and analysed the number of women on Executive Committees of FTSE 350 companies, finding that progress on gender diversity in senior roles has regressed. The Pipeline looked at construction companies in the FTSE 350 and found


there is much work to be done: Just 6% of construction companies in the FTSE 350 have Executive


Committees which are at least 25% female, which is nineteen points below the average. Construction companies are below average in the proportion of women


executives that operate in P&L roles (27% compared to 35% across the FTSE 350). The construction sector is slightly above average in terms of women executives


that sit on main plc boards (22% compared to 16% across the FTSE 350) Analysis from Women Count 2017 also showed the demonstrable economic


benefits for companies who have women in more senior roles. Net profit margins almost double in companies with at least 25% females on their Executive committee compared to those with none. If all FTSE 350 companies performed at the same level as those with at least 25% females on their Executive Committee, the impact could be a £5bn gender dividend for Corporate UK. Companies with a female


CEO have, on average, almost twice the number of women on Executive Committees than those run by men and more than three times the number of female executives in P&L roles than those led by men.


telephone 01444 450071 ToolBUSINESS+HIRE 27


TIMco’s Pedal Power Raises £4,500 For Claire House Children’s


Hospice A group of employees from Nantwich-based TIMco, one of the UK’s largest


independent suppliers of screws, fasteners and fixings, have raised more than £4,500 for Claire House Children’s Hospice by completing a 50-mile Chester bike ride.


The team, made up of more than twenty employees as well as friends and


family, met early morning on Sunday 2nd July at Chester’s Countess of Chester Hospital to head off on a gruelling 50-mile ride through the leafy lanes of the Cheshire countryside. Simon Midwood, Managing Director of TIMco, comments: “It was a fantastic


and well-organised event and great to see such a strong turnout from TIMco. The team put in a huge amount of effort to get fit for the day and we’re delighted to have been able to raise so much money for such a worthwhile cause.” Claire House Children’s Hospice helps seriously and terminally ill children


through specialist nursing & emotional support. Based in Bebington, Wirral the centre treats more than 44,000 patients a year. Further donations can be made to ‘TeamTIMco’ at JustGiving.com. TIMco is one of the UK’s leading importers and wholesale suppliers of screws,


fastenings, fixings, nails and power tool accessories. Established in 1970, TIMco is headquartered in Nantwich, Cheshire and now employs 110+ members of staff.


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