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BUSINESS NEWS
Hartham sold to Lucent group
Corsham ’ s Hartham Park has been sold to the Lucent Group on behalf of Joint Administrators , Ben Wiles and Phil Dakin of Kroll Advisory Limited .
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The Grade II Listed former country house estate set in 20 hectares is currently used as serviced office accommodation , which the new owner , the Lucent group , intends to continue to provide .
The property was designed by architect James Wyatt and built between 1790 and 1795 , being used as a family home for many decades , and famously hosting Sir Winston Churchill on several occasions .
Today Hartham Park includes 67,763 square feet of accommodation in total across various buildings including the
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impressive Grade II listed mansion house , coach house and stables and modern office / reception building . The property offers serviced office accommodation in up to 70 individual office units , with seven meeting rooms with a café and facilities .
A spokesperson from the Lucent group said , “ We are thrilled to be the next custodians of this great house and beautiful grounds with such a prestigious history by investing in securing its future and in so doing protecting jobs and businesses . We intend to make significant further
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investment in the estate and elevate Hartham Park to a leading regional hub for South-West business .”
Ed Bellfield , Regional Director at Christie & Co who handled the sale , said , “ We are delighted to complete the sale of Hartham Park as it is rare that a property of this magnitude comes to the open market .
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Hartham Park is a landmark property which unsurprisingly attracted considerable buyer interest when launched to the market , generating bids from both domestic and international property investors . The sale of the house presents the start of a new chapter in Hartham Park ’ s history .” |
Good Energy acquires solar specialists in £ 7 million deal
Good Energy has agreed to buy JPS Group , a specialist solar and storage installation and distribution business , in a deal worth £ 7 million .
As part of the deal , the firm , which has its head office in Chippenham , will also acquire Trust Solar Wholesale Limited – a standalone distribution and procurement business based in Maidstone , Kent .
JPS Group was founded in 2011 and for the last financial year reported revenue of £ 12.2 million and profit before tax of £ 0.6 million . The Group is on track to deliver revenue of £ 19.6 million and profit before tax of £ 1.3 million for this financial year .
The acquisition strengthens Good Energy ’ s service offering and accelerates the Company ’ s energy services growth strategy in targeting higher margin , growth markets with lower working capital requirements .
Good Energy is targeting an equal weighting of energy services and energy supply earnings by 2025 .
JPS ’ s highly experienced management team has committed to remain with the business .
Nigel Pocklington , Chief Executive Officer of Good Energy Group PLC , said , “ The acquisition of the JPS Group is an exciting next step in Good Energy ’ s growth strategy and further solidifies our position as the UK ’ s go-to solar specialist .
“ Solar is experiencing a boom in the UK and its role in decarbonising our energy system is absolutely crucial . Installations are back at the peak we saw during the introduction of the Feed-in-Tariff – another period in which Good Energy was a key player , leading to our position as the largest voluntary administrator of the scheme today with over 180,000 solar generator customers .
“ The solar installation market was worth £ 1.9 billion in 2023 with installations growing 38 per cent on already strong growth in 2022 . This is pronounced in the South East , which is the region with the fastest rate of domestic installations in the country .
“ The JPS Group has carved a position as a leading installer across the region , serving as the solar specialist in the South East of the UK for larger homes and properties with more complex requirements . It is growing at a significant rate to help supply a specific market that is demanding premium clean energy products and services , which Good Energy is well positioned to provide as a premium , trusted and truly green energy supplier .
“ Having integrated our previous acquisitions we are already marketing solar , storage and heat pumps alongside supply as everything you need for a greener home or business . Integrating JPS Group under the Good Energy brand will help to grow and consolidate Good Energy ’ s market share , affirm us as solar and storage experts , while also providing the opportunity for Good Energy to introduce its wider product suite to a new customer base .”
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Tel : 01225 742644 Corsham I Shaftesbury I Sherborne I Canford Cliffs www . peterhardingwm . co . uk peterhardingwm @ sjpp . co . uk
Peter Harding Wealth Management is an Appointed Representative of and represents only St . James ’ s Place Wealth Management plc ( which is authorised and regulated by the Financial Conduct Authority ) for the purpose of advising solely on the group ’ s wealth management products and services , more details of which are set out on the group ’ s website www . sjp . co . uk / products . The ‘ St . James ’ s Place Partnership ’ and the titles ‘ Partner ’ and ‘ Partner Practice ’ are marketing terms used to describe St . James ’ s Place representatives . Peter Harding Wealth Management is a trading name of Peter Harding Practice Ltd .
SJP Approved 30 / 1 / 2024
THE BUSINESS EXCHANGE 2023 5