Wear Business Wear Business Issue 1 | Page 49

Seaham news JADE BUSINESS PARK MAKES FIRST SIGNING Management buy-out at Homefair Blinds H omefair Blinds, which has head offices in Seaham and Manchester, has been acquired in a management buy-out led by Steve Ellithorn, Claire Ripley and Shaun Welsh. The trio acquired the company from retiring director, Jonathan Fitton. The County Durham retailer and manufacturer of blinds and shutters is looking to develop and grow its product offerings as the management buy-out team has extensive knowledge of the sector and have exciting plans for the growth of the business. Sales and customer service director Steve Ellithorn has been at Homefair Blinds more than 22 years. Finance director Claire Ripley joined the business over a decade ago following 13 years in accountancy practice, having trained with Ernst & Young earlier in her career. Shaun Welsh joined the business as operations director in 2017, bringing with him a wealth of knowledge and experience, having worked in the industry for the UK market leader for more than 25 years. Founded in 1985 with one showroom, Homefair Blinds has been offering its clients window covering solutions for over 30 years. The business now currently employs in excess of 180 people across the North-East and North-West of England regions, within more than 25 showrooms and also two large manufacturing plants in County Durham. Steve said: “We have a fantastic team and are proud of what we have achieved at Homefair Blinds, which we aim to build upon as owners of the business. We have exciting plans for the future as part of our overall vision including, increasing our digital presence and showroom portfolio, particularly in the North-West.” Shaun added: “With blind technology continuously developing, we will also be extending our product portfolio to offer customers, safe cutting-edge window coverings.” CHEESE FIRM PRIMED FOR SUCCESS Food Festival to serve business up on a plate Family-run firm Prima Cheese has nearly doubled its profits in the space of a year – despite only a modest increase in turnover. The Seaham-based company saw operating profit rise from £833,000 in 2018 to £1.5m in 2019. And that increase was even more impressive, given it was achieved despite the firm’s turnover remaining broadly static at £65.6m. Along with Prima Cheese’s financial growth, the company also added new jobs, with the size of its workforce rising from 110 to 118. The return of Seaham’s Food Festival in the summer of 2020 is set to boost businesses across the town and could be just a taste of things to come. Organisers Durham County Council has announced the second annual Seaham Food Festival will take place on Saturday, June 13, and Sunday, June 14. And the hope will be that now the event has been repeated, it can go on to establish itself as a fixture in the calendar which will grow and grow. County Durham’s spectacular heritage coast will provide a beautiful backdrop to an event, which will feature more than 100 stalls selling tasty street food and the finest local produce. Traders can now apply for a pitch and are advised to act quickly to avoid missing out. A new 55-acre business park in Seaham has its first tenant – a major international corporation. Sumitomo Electric Wiring Systems Europe is part of a Fortune 500 corporation with a turnover north of £700m and more than 20,000 employees. It produces and distributes automotive wiring harnesses, fuse boxes, connectors and cables throughout Europe and its siting in Seaham is a coup for the new Jade Business Park which is being managed by Business Durham. Peter McDowell, property and business services director at Business Durham, said: “It is fantastic to see such a high- profile and successful business take the first lease at the business park.” Lottery facelift will reinvigorate Seaham town centre A seaside town’s rich heritage will soon be enhanced following the launch of a £2.25m regeneration project. Durham County Council announced in 2019 it had secured a £1.6m grant from The National Lottery Heritage Fund towards the three-year Seaham Townscape Heritage Project. This project will build on work already being undertaken and will focus on the regeneration of targeted historic properties in the Church Street area of the town. Read more at wear.business wear.business – the voice of business for the Wear region | 49