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Two Carmarthenshire businesses expand into new premises after £1.6M in Development Bank of Wales’ loans

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Two successful Carmarthenshire businesses have recently collected the keys to their new purpose-built premises at Parc Pensarn after receiving backing from the Development Bank of Wales and Carmarthenshire Council.

The new retail and industrial site is just 1.2 miles from Carmarthen town.

Old Oak Dental Practice received a £1.2 million loan from the Development Bank to purchase and fit-out a purpose built six-chair dental practice.

Likeafish Swim School now have their own pool to help more children learn to swim after receiving a £400,000 loan from the Development Bank of Wales. Likeafish was also supported by Lloyds Bank through a commercial mortgage. 

Funding for both deals came from the Wales Business Fund, which is part-funded by the European Regional Development Fund through the Welsh Government. Both companies also received grant funding from Carmarthenshire Council to help with overall project costs.

Dentist, Dr Adam Llewellyn in the new state of the art dental surgery in Pensarn

Successful dentist Dr Adam Llewellyn owns and manages three surgeries in Llandeilo, Llandovery and Carmarthen. His new, larger practice at Parc Pensarn will replace the existing surgery in Carmarthen town centre.

“I’m excited to have received the keys and am looking forward to welcoming patients to our new Carmarthen base,” explained Adam. “The new surgery allows for more dentists to work safely together, as well as providing ample parking for both staff and patients. I’m delighted by the support I’ve received from Ashley and Clare at the Development Bank, the process has been smooth despite operating during a global pandemic.”

Old Oak Dental Practice’s waiting room at their new Pensarn location (Image: Old Oak Dental Practice)

Likeafish Swim School already delivers swimming lessons to just over 450 children. Managing Director Russell Sparks is hoping to help even more children learn to swim in west Wales now that he has his own pool.

“We’ve been helping children learn to swim across Carmarthenshire for over 10 years now, having our own pool was the next logical step to meet the demand for our highly popular classes,” added Russell.  “The loan from the Development Bank of Wales has made that next step achievable and we’re looking forward to welcoming back old pupils as well as new customers once lockdown restrictions are eased. We are also pleased the facility will allow us to expand our provision of activities to include parent and baby classes as well as adult swimming on top of our existing learn to swim program.”

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Investment executives Ashley Jones and Clare Sullivan structured the deal for Old Oak Dental Practice on behalf of the Development Bank. Ashley also arranged the loan for Likeafish Swim School.

He said: “It’s been a pleasure working with both businesses over recent months and I’m pleased they’ll soon be welcoming customers to their new premises at Parc Pensarn. Russell and Adam are both successful local entrepreneurs and we’re delighted to help them take the next steps in their companies growth journeys.”

Russell Sparks, Manging Director of Likeafish swim school

Carmarthenshire County Council leader, Cllr Emlyn Dole said: “The council is delighted to have provided funding support to The Old Oak Dental Practice and Likeafish Swim School to develop new premises and employment space for new jobs in Carmarthenshire. Providing new jobs for people in Carmarthenshire is a key priority for the executive board and I was pleased we were able to support these ventures.”

Old Oak Dental Practice is currently accepting new private patients, please visit https://oldoakdentalpractice.co.uk/en/request-an-appointment/ to request an appointment.

You can find out more about classes, and book a place, with Likeafish Swim School by visiting https://www.swimcentre.wales 

 

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Llanelli

West Wales car dealership to double in size

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Dafen-based Llanelli Motor Company have broken ground on a new development that will see their forecourt double in size over the coming months.

Led by Managing Director Ian Jonathan, the two-phase project will see the independent car dealership increase the number of used vehicles it has on sale to over 400 by January 2023.

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“It’s certainly an exciting period for the business,” said Ian, “and with the significant changes to the used car market, we felt now was the right time to start the project, which has been in the pipeline for over five years.”

Although the business was potentially looking at 2020 as a start date for the developments, the Coronavirus Pandemic put the brakes on the project.

However, since the easing of lockdown restrictions and the delay in obtaining new vehicles, the used car market has seen an unprecedented spike in demand.

Dafen based Llanelli Motor Company is planning to double in size
The company have broken ground on an expansion that will see over 400 cars on sale by the end of January 2023

“The last 12 months have been exceptionally busy,” continued Ian.

“No sooner are we finalising our 140-point safety check on vehicles before placing them on the forecourt, than they are being purchased within a matter of days”.

With the ability to stock 150 nearly new vehicles of all makes and models at the moment, the 1-acre expansion will increase this to 250 by September before more than doubling it to 400 by the spring of 2023.

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In order to facilitate this growth, the company will also be entering a recruitment phase and looking to employ at least 10 new members of staff across its sales, workshop and admin teams as well as taking on new apprenticeships.

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Technology

£67k contract win with leading power tools specialists for Swansea’s Uplands Communications

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Uplands Communications is celebrating a major contract win to the tune of £67k, having closed a deal with a division of Techtronic Industries EMEA Ltd.

The deal sees the Swansea-headquartered telephony specialists supply connectivity for more than 130 users.

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Techtronic owns brands including Ryobi, Milwaukee and AEG. The company enjoyed record 2021 worldwide sales of US$13.2 billion and has more than 51,000 employees.

Paul Hooper, MD of Uplands Communications, which is based in Swansea, said: “We are pleased to forge a new partnership with Techtronic Industries EMEA Ltd, a leaders in its field which is committed to ensuring its customers receive the best experience whenever they interact with the business.

“The past two years have been challenging for businesses across all industries, including for telephony and communications, and, of course for construction and for their supply chain colleagues.

“However, we are seeing, across the board, companies becoming increasingly aware of the need to make sure their communications are in the best shape possible and are modern and fit for purpose.

“The pandemic has brought about a sea-change in the way consumers and businesses interact with each other. Carefully-tailored telephone and communications solutions are more essential than ever if businesses want to thrive.”

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Natasha Russell, Financial Accountant at Techtronic said: “We operate a multi-million pound operation across a range of products and sites and we deal with a broad customer base – both commercial and domestic.

“The solution we sought from Uplands will give us a more seamless billing functionality and smoother processes, as well as more robust day-to-day support. We are pleased to enter into an agreement with Uplands Communications and we look forward to our ongoing relationship with them.”

Uplands Communications, based at Swansea Enterprise Park, is a leading managed services company delivering flexible voice, data and mobile communications.

The firm, which has its HQ in Swansea and an office in Somerset, specialises in independent network management and providing bespoke, converged solutions that aren’t tied to technology and supplier.

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Money

64% of Wales employees set to leave due to cost of living

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couple talking while moving in new apartment

During the biggest cost-of-living crises most people will have ever experienced, only 6% of employees in Wales believe their employer is doing enough to support them through the crisis.

Even though staggering 72% believe their employer has a responsibility to support them through the current climate.

That’s according to new research from Blackhawk Network, which says that according to employees, employee benefits are no longer just added incentives, they are now a way for employers to support their staff.

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It says it’s now essential employers are informed on what employees want and ultimately need from benefits schemes to help guide them through the cost-of-living crisis.

Other key findings in Wales show 94% of employers agree that they have a duty to support their employees as the cost-of-living rises, with 79% of employees saying employee benefits play, or could play, an important role in improving the cost-of-living 

Almost two thirds (64%) would leave their current job in order to find an opportunity that provides better financial support during the current cost-of-living crisis. 

The findings come from research conducted by Blackhawk Network in conjunction with Sapio, to support the launch of its new Blackhawk Network Extras Benefits Platform.

Workplace benefits are hot property at a time of crisis  

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According to the UK-wide data, 85% of employers agree that they have a duty to support their employees as the cost-of-living rises. While raising wages might seem a simple fix, businesses are also impacted by rising costs and inflation making pay increases unviable. But that doesn’t mean there’s nothing they can do to help. 83% of employees agree that workplace benefits play an important role in helping to balance finances as the cost-of-living continues to rise; and 95% of employers agree.

It is telling that almost a quarter (24%) of employees admit they’ve already used their benefits package more during the cost-of-living. In addition, almost three quarters (73%) of employer’s state that prospective employees are looking for employee benefits as part of the solution to the crisis.  

Employers must dial-up on support to have real impact  

The report says that dialling-up cost-of-living support through employee benefits is a must when talent is at risk. For example, salary sacrifice, where employees are offered the option to pay for services or products from their salary before they receive it to reduce tax, can be found with offers such as Cyclescheme, on technology or gym memberships, to save money that would otherwise eat into pay. However, there are still barriers to overcome.

When employees were asked what the term ‘salary sacrifice’ meant, almost three quarters (73%) admitted they did not fully understand it, including 18% who had not idea at all. In contrast, to almost all employers (98%) believing employees understand it to some degree. There is a clear disconnect between the employer and the employee, yet salary sacrifice can save employees money and help in mitigating the effects of the cost-of-living crisis. 

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If employers want to support employees, they need to make information about benefits, like salary sacrifice, more accessible and digestible to prove that it can have a real-life impact on their current financial situation by making their pay go further.

Over half (53%) of employees say they would be more likely to use salary sacrifice schemes if they had a better understanding of how they work. But this is an issue that only employers can fix. Better communication is essential to close the perception gap on employee benefits to be the support employees want and need during the cost-of-living crisis. 

Chris Ronald, VP EMEA Incentives & Operations at Blackhawk Network said: “It is becoming increasingly clear that employers have a vital role to play supporting their employees during the cost-of-living crisis. But the rising costs also mean that businesses are unable to offer blanket wage increases.

“Our research takes an in-depth look into the current state of employee benefits and the perceptions of the employees who are in a position to use them. With the release of this research, we hope to give businesses the tools they need to improve their benefit packages so they continue to support staff throughout the crisis.” 

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