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Watch: Insider's Business Briefing - 28th August
Insider Media
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28/08/2024
Alice and Dan discuss the richest businesswomen in the North West, a huge mixed use scheme in Bristol, plans to redevelop historic swimming baths in Yorkshire and a senior appointment at Fairstone.
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News
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00:00
The richest businesswoman in the North West plans to redevelop Rippon Spa Baths, a major
00:05
scheme in Bristol and news from wealth management firm Fairstone all feature in today's business
00:10
briefing.
00:11
Good morning, I'm Daniel Zambartis.
00:18
And I'm Alice Bird.
00:19
Well, Dan, as you know, the last few weeks we've been breaking down the North West rich
00:24
list which is featured in our most recent magazine and we've now published a special
00:28
ranking of the richest businesswomen in the region.
00:32
So top in that list is Emma Hindle and family.
00:35
They have a huge net worth of £360 million.
00:39
Aside from being a businesswoman, Hindle is actually a very accomplished equestrian.
00:43
She competed for Great Britain in the Olympics twice.
00:47
Since then, she established the construction firms Lancet Homes and Woodhouse Bespoke,
00:51
which have obviously contributed to her net worth.
00:54
However, the bulk of her wealth does actually come from Brook House, which is the commercial
00:58
property empire that she inherited from her late father.
01:03
Second on that list is Anne Jones, who co-founded the jewellery brand Warren James with her
01:08
brother John.
01:09
Now, she still owns 50% of the business, which along with her other investments has helped
01:13
her accrue a massive net worth of £273 million.
01:17
Plus, there's lots of other well-known names on that list, including the co-founder of
01:22
Boohoo, which we all know.
01:25
While we're on the topic of insider content, we also published a story about our Liverpool
01:30
ones to watch.
01:31
Now, that list comprises businesses from across the Liverpool City region, and it includes
01:35
a sustainable packaging firm and a zero-alcohol drinks company.
01:39
So we do have a short version of the list on our website, but if you would like to read
01:44
both of the full list, you can get the most recent edition of Northwest Business Insider.
01:49
Well, definitely be sure to check that out.
01:52
So staying in the north and moving across to Yorkshire, plans look set to go ahead for
01:56
Ripon Spa Baths to be redeveloped into offices and apartments.
01:59
So that's quite a major conversion for a very historical building.
02:03
It was originally constructed as a spa in 1904, and was remodelled to incorporate a
02:08
swimming pool about 30 years later, but it closed in 2021 because it was deteriorating.
02:14
So that original spa building would be converted and extended to create two commercial buildings
02:19
with the boiler house and water tower transformed into an office building.
02:23
And that swimming pool extension I just mentioned would be demolished and in its place a courtyard
02:27
and four apartments would be built.
02:30
So it's done properties supported by Architecture AB, seeking planning permission from North
02:34
Yorkshire Council for the scheme, and we'll find out the outcome next Monday on the 2nd
02:38
of September.
02:39
So that's quite an interesting one to look out for.
02:41
Yeah, I always loved those kind of conversion schemes.
02:45
And I always think the people who live in those apartments are quite lucky because they're
02:48
just really like, they're nice, aren't they?
02:50
Like they're so much nicer than the new build ons.
02:52
Yeah, definitely.
02:53
And we'll see if those plans go ahead.
02:54
But we do know that a major development in central Bristol has been granted planning
02:59
permission.
03:01
So that scheme would include apartments, a hotel with a restaurant and an apart hotel
03:05
in the site that lies adjacent to the Floating Harbour and Cheese Grater Bridge in Bristol.
03:10
I'm not sure if you've had the chance to visit Bristol, but my sister lives down there.
03:14
I've been a few times and this is a really nice upcoming area.
03:18
I've actually never been to Bristol, but I have heard really good things about it.
03:21
I know a lot of people as well seem to kind of move to from London to Bristol because
03:26
it's a little bit cheaper, but it still has like a lot of a lot going on.
03:29
Yeah, definitely.
03:30
And that area in particular is very nice on a summer's day.
03:33
So that scheme includes three new buildings, a 234 room hotel operated by De Lattre Maldren,
03:39
a 168 room apart hotel operated by Room 2 and a 108 built to rent apartments.
03:45
So the proposed hotel, the eight stories high and includes a restaurant on the first
03:49
floor.
03:50
IKP Developments managed by Marek Real Estate are developing the project, which has been
03:55
granted full planning permission by Bristol City Council.
03:57
So maybe when I go to see my sister in the future, I might have to check out that development
04:01
for myself.
04:02
Yeah, I'm sure that's probably one of the bigger developments in Bristol as well.
04:05
It's got a lot of components.
04:06
Yeah, for sure.
04:07
And there's a lot going on at the moment, so one to look out for.
04:10
Well, up in the northeast, we've got news from wealth management firm Fairstone, which
04:14
has appointed a group managing director as part of its restructure.
04:18
Now, Fairstone in the last few years has grown a lot.
04:22
It's extremely acquisitive.
04:23
It buys buying businesses up and down the country.
04:27
And it's now got this strategy up until 2030.
04:31
And in order to support this growth strategy, it's appointed Russell Bignall as group managing
04:36
director.
04:37
He'll take up the position on the 1st of October.
04:40
And now he has more than 30 years of experience in the financial services industry.
04:45
So he's very well-placed to take the business forward.
04:48
Chief executive and founder Lee Hartley will still be in his position as chief executive.
04:54
But he said that the firm has now reached a scale that requires a more robust organizational
04:59
structure.
05:00
And he also said that the plan is the first step towards creating a succession plan for
05:04
himself.
05:05
So quite big news for them.
05:07
They're very interested to see how he gets on there.
05:09
Yeah.
05:10
Well, if you would like any more information on that story or any of the stories that we've
05:14
discussed today, you can go to insidermedia.com.
05:17
While you're there, feel free to subscribe to our newsletters and our magazines.
05:21
That's all from us.
05:22
Thanks for watching.
05:23
Thanks for watching.
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5:43
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