North East business round-up

North East business round-up

Here are some of the great things businesses in the region have been shouting about this week.

£3.5m contract for Harris CM

Construction company Harris CM has secured a contract to build the retail phase within a major £24m mixed use development on the site of a 20 acre former foundry in Guisborough, known as Cleveland Gate.

Harris CM will start work in January building three retail units and two workshops, in a contract worth £3.5m, for Ryedale Estates on the former ESCO site on Rectory Lane and on an adjacent Greenfield site.

Danny Mulqueen, Managing Director of Harris CM, said: “We are delighted to have been awarded this project, which reinforces our reputation as a competitive construction partner in the retail sector. 

 

Glencore deal for PD Ports

PD Ports has recently agreed a three-year deal with Glencore Agriculture UK, one of the world’s major crushers of soya bean and oilseed rape, to use Teesport as its northern distribution hub.

With a dedicated port already for the South, Glencore will now also import agri-bulks into the North through Teesport to support expansion of its presence in the UK

Jerry Hopkinson, PD Ports, said: “As a proud member of the Government’s Northern Powerhouse Partnership programme we continue to promote Teesport as the northern gateway to serve northern UK markets.”

 

Million pound move for plastics manufacturer

A plastics manufacturing firm has invested more than £1m on fitting out a state-of-the-art new plant and offices in Washington, Tyne & Wear. 

Signal Plastics has moved to the two storey 42,700 sq ft plant on Bentall Business Park having previously been located on Washington’s Crowther Industrial Estate.

Alan Franklin, managing director at Signal Plastics, said: “At almost five times the size of our previous site, the unit at Bentall Business Park fits the bill perfectly and by remaining in Washington we’ve been able to ensure a smooth transition for our supply chain partners and employees.”

 

One Utility Bill backed by Middleton

North East investor and philanthropist Jeremy Middleton has backed a Newcastle-based start-up, as part of a round of investment led by Northstar Ventures.

Mr Middleton’s stake in One Utility Bill formed part of a £500,000 round of fundraising.

Since it was founded two years ago by Newcastle University graduate Chris Dawson and his business partner Dale Knight the company has grown to service more than 150 letting agents, and employ 16 people.

 

Wins create jobs at Venture Stream

North East e-commerce and digital marketing agency, Venture Stream, is on-course to double in size over the next 12 months following a number of significant client wins to end 2016.

The Newcastle-based agency has won three new contracts in December to build bespoke ecommerce websites on the Magento platform for florist and craft supplier Smithers Oasis, fashion brand Lily Ella and electrical and lighting wholesalers Park Electrical.

Venture Stream was founded just two years ago, having received start-up support from Northstar Ventures and Rivers Capital and is one of the fastest-growing agencies in the North East, with revenues growing 60 per cent in the last 12 months.