Plymouth Business Announcements
The Neighborhood Business News brings you Plymouth business announcements as part of a new online business news venture. Our company looks to provide interesting business information and announcements in and around Plymouth.
The business announcements that we make include Plymouth businesses as well as other Southwest company new stories that may or may not be associated with Plymouth specifically. However, Plymouth is part of the Devon and Southwest region, and as a result we focus primarily on Plymouth but include and reach out wider and further than the city of Plymouth.
Here are the latest high profile business announcements that we want highlight on our main page: –
14th April 2021
The £14.3 million Oceansgate development in Plymouth has now become the home of , a large maritime tech company. The Oceansgate development in Plymouth is now part of the city’s Freeport area.
In recent months, Plymouth has been awarded a Freeport status. This means that there are major tax incentives for trade for Plymouth. As a result, there is huge strategic business reasons for businesses to relocate to such areas. Jet Engineering Systems is one of those companies that has moved to its new officers at Endeavor House in the Plymouth Freezone.
This is a major move for the company to deploy its maritime 5G mash connectivity across the Southwest and the South Coast.
James Thomas, the chief executive at Jet engineering systems said “We are delighted to be making Plymouth our next hub for developing the partnerships with other high-technology marine organisations where together we will accelerate the roll out of maritime 5G connectivity and the associated applications,”
The strategic move could mean big things for the company. Mr. Thomas went on to say “There is no doubt that Plymouth is driving future national and international maritime technology outcomes in areas such as autonomy and smart ports when organisations like the Marine Business Technology Centre (MBTC) and Plymouth Marine Laboratory (PML) provide such effective support to ambitious companies like us. We look forward to making a positive impact and bringing more jobs to the South West.”
Plymouth City Council made an announcement saying that it was a pleasure to welcome the company to Plymouth.
Jet Engineering Systems deploys a range of 5G enabled buoys that in itself form a product line that are part of the government-funded 5G Dorset initiative for 2021. The company is making major steps forward in maritime technology, and they are also taken advantage of the government’s initiative to enable the United Kingdom to be at the forefront of technology as a world leader in its class.
CO-WORKING SPACE SET TO OPEN AT WATERSIDE LOCATION IN PLYMOUTH
7th April 2021
Royal William yard that is situated in Plymouth is undergoing a vast scheme that will offer co-working space as well as private office accommodation for businesses that want to work in this amazing location. The premises will also include a café.
The new accommodation is called Block. Block is a business brand that is owned and parts of The Cheriton Group that is based just behind Pynes Hill business center in Exeter. As soon as the new Block business center has opened as part of the first phase, future phases are planned to follow. These include fitness and events facilities.
The construction of this project has been designed by award-winning RIBA architect firm, Gillespie Yunnie Architects. The initiative and project is a first of its kind for Plymouth according to commercial director of Urban Splash, Emily Handslip. She said in a recent announcement, “Plymouth has nothing like this and we are delighted to bring such an incredible new space to Royal William Yard. BLOCK completes the picture; from hot-desking and coworking, right through to individual premises and large corporate HQs, we now offer space for every type of business at Royal William Yard.
“Standing proud at the centre of the Yard, Melville is an incredible building and we have always had a clear vision and high hopes for it. We have now exchanged on over 55 percent of commercial space available in Melville and expect to have some more exciting announcements to follow soon.”
This whole enterprise is an exciting prospect for Plymouth, and the businesses that take up this opportunity will have an enviable location for business as well as the facilities that will be available right within the location and its surroundings.
6th October 2020
Ronseal, makers of wood stain and would vanish are set to close its Plymouth based factory.
The company that has become famous for the slogan “it does what it says on the tin”, is moving lock stock and barrel to a new headquarters that is based at Thorncliffe Park, Chapeltown in Sheffield.
Ronseal is owned by Sherwin-Williams Diversified Brands Ltd. It announced that the company needed to become more efficient and profitable due to its loss last year of around £1.9 million.
Julie S. Young, global corporate communications vice president said “This decision was not easily made and in no way reflects the dedication or performance of the employees at the Plymouth facility.”
Sherwin-Williams Diversified Brands Ltd is part of the Sherwin-Williams Company whose headquarters is in Cleveland, Ohio. The company has announced its turnover in 2019 to be an impressive $17.9 billion.
In 1997, the Corporation purchased Ronseal. In 2018, the company made a profit. However, the company’s turnover dropped in 2019 as a result of bad weather.
The company had done a number of strategic moves during the challenging period, however, it had to consider its loss in recent months and address the issue. As a result, the company is moving to Sheffield to strengthen its position in a competitive market and to streamline efficiency and profitability.
All this is a blow for Plymouth, but a great promise for Sheffield and the north as the company is committed to its success and profitability within this market.