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Ben and Dan discuss a major recruitment drive at an energy firm in Cardiff, a deal in the Cotswolds, a significant investment in a Reading-based satellite communications company, and a law firm relocating its team in Leeds.

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00:002,000 jobs created at an energy firm in Cardiff, a £9m investment from BGF, a £33m investment

00:07in Reading and the law firm relocating its team in Leeds, all featured in today's business

00:12briefing.

00:13Morning Ben.

00:14Morning.

00:15So I understand you've had quite a busy morning, a couple of breakers which you're going to

00:23run us through today.

00:24Yes, so we've got a private equity backed Cardiff headquartered energy firm, a city

00:28energy group.

00:29It's to create 2,000 jobs as it scales for growth.

00:34So Cairngorm Capital Partners has announced that City Energy Group, which is its portfolio

00:39company, will be creating the jobs over the next three years and that's to meet demand

00:44for its services.

00:45It will be training hundreds more specialist installers in support of the government's

00:50green agenda and City Energy itself is one of the UK's largest energy efficiency retrofit

00:57providers for homes.

00:59It's quite a well-known name, so a big investment there for them and for Cardiff, lots of jobs

01:06in Wales.

01:07That sounds like a great scheme there.

01:09So I've got a story from my patch in the south-east, Allspace, which is a global communications

01:14provider based in Reading, they've secured a $44m investment, £33m that would be, from

01:22Bokker Group, who are a defence-focused investment firm.

01:25Allspace basically provides advanced communications technology and it's actually used by soldiers

01:30on the battlefield, but they also do stuff in other sectors as well.

01:33Basically it eliminates interruptions to communications, which obviously can occur during military operations.

01:38Very important.

01:39It's very important what they do there.

01:41And they say their technology users can stay connected, whether they're on land or in sea

01:46or in the air.

01:47So and obviously, £33m is a major deal for them.

01:50It's a big investment.

01:51I've got a story from SpaceA Ventures and Promus Ventures, they're all blue-chip investors,

01:56they also participated in the funding round.

01:58Great.

01:59So I've also got a quote here from the chief executive of Allspace, Paul McArthur.

02:03He said, all of our investors' confidence reflects the critical role our technology

02:07plays in addressing the growing demand for resilient and seamless connectivity across

02:11defence and space industries.

02:13So moving on from that, I understand you've had another breaker today from the Cotswolds.

02:17Yeah, a busy day this morning.

02:19So we've got a £35m turnover tech firm based in the heart of the Cotswolds, like you say.

02:24That's received a £9m investment from BGF.

02:28So the Active Growth Capital Investor has completed the investment in Qubiz, which is

02:32the name of the firm.

02:33And that's a technology value-added reseller that's headquartered in Syrinchester in Gloucestershire.

02:40The significant investment will support Qubiz in accelerating its growth.

02:45Qubiz was founded back in 2003 and it's established itself as a key player in the tech industry.

02:51It offers a range of IT infrastructure services that are focused on networking, server and

02:57storage infrastructure and also cybersecurity, which is quite an interesting area.

03:02And in the year ended 31st March 2024, Qubiz delivered £35m turnover, as I mentioned,

03:10and also a £2.6m EBITDA.

03:12So they're a fast-growing firm and this £9m BGF investment will accelerate that growth.

03:18I'm sure we can expect that turnover to rise for the following nine investments.

03:21So just to finish off here, I've got news from a law firm.

03:24So a national law firm, Thomson Solicitors.

03:27It's relocated its leads team to a new office in the city.

03:32Thomson is a personal injury and employment rights law firm established back in 1921.

03:37So over 100 years old.

03:38100 years old.

03:39Historical.

03:40Quite a historic firm.

03:41It has 18 offices across the UK and the firm's agreed to take a 3,640 square foot office

03:48space at South Parade on a 10-year lease.

03:51There's a big vote on confidence and a real nationwide presence there.

03:55Yeah, absolutely.

03:56So that will see the firm's 64-strong leads team relocate from Cofferdale House on East

04:01Parade to the offices at South Parade.

04:03Quite a big team there as well.

04:04Yeah, absolutely.

04:0564 people.

04:06The move will allow Thomson to better serve the thousands of clients they represent across

04:11Western North Yorkshire from the lease offices.

04:13Fantastic news there.

04:14Significant property story there.

04:16So that's all from us today.

04:18For more on these stories, please be sure to check out our website, insideindmedia.com,

04:22where you can subscribe to our newsletter and also subscribe to our magazine.

Watch: Insider's Business Briefing - 4th October

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