Regeneration scheme behind schedule, council says
A major regeneration project in Staffordshire is behind schedule, according to performance targets set by the local authority.
A planning application for the redevelopment of The Maltings site in Uttoxeter was due to be submitted in February.
The delay was caused by a decision to file separate applications for demolition of the shopping precinct and the regeneration work, bosses said.
The council said an application for the demolition was now due to be submitted this month.
East Staffordshire Borough Council bought the shopping centre in January, following its purchase of the former Co-op building in 2023 alongside the land that it already owns.
The council has previously committed to further improvements in the area, including refurbishing toilets on Bradley Street, upgrading connectivity from a bus station and car park to the high street, as well as installing improved lighting and seating, plus a full pedestrianisation of the high street.
In addition, 12 new electric vehicle charging stations have been installed in the car park.
A consultation on the proposed regeneration work began in May last year and has since ended.
This news was gathered by the Local Democracy Reporting Service, which covers councils and other public service organisations.
Follow BBC Stoke & Staffordshire on BBC Sounds, Facebook, X and Instagram.
Shopping centre to be bought by council
Market stall fees drop in bid to increase uptake
Plans submitted to repurpose old brewery site
East Staffordshire Borough Council
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
28 minutes ago
- Yahoo
Poundland moves to new ownership under Gordon Brothers
Pepco Group has finalised the sale of its Poundland business to Gordon Brothers International LLC, marking a significant step in the company's strategy to focus on its higher margin Pepco retail operations. The transaction, completed in June 2025, is expected to simplify Pepco Group's structure and enhance overall profitability. The sale of Poundland, a UK-based discount retailer operating over 800 stores and employing around 16,000 people, aligns with Pepco Group's decision to concentrate on its core Pepco brand, which primarily offers clothing and general merchandise. In the previous financial year, Poundland accounted for about one-third of group revenues but contributed only 5% to earnings before interest, tax, depreciation, and amortisation (EBITDA). The divestment is designed to improve revenue growth, increase margins, and boost cash generation by focusing on the more profitable Pepco operations across Europe. Gordon Brothers is a global advisory, restructuring, and investment firm that specialises in helping businesses with asset management, turnaround, and growth strategies. Established over a century ago, the company works across various industries to manage and revitalise brands and operations. Their acquisition of Poundland fits within their wider approach to investing in retail businesses and supporting their development. Poundland was sold for nominal consideration, with Pepco retaining secured and unsecured loans amounting to £30 million as part of the deal. A restructuring plan involving the transfer of certain financial arrangements is pending approval by the High Court in England. Under the new ownership, Poundland will continue to operate under its established brand in the UK, led by current managing director Barry Williams. Pepco Group expects to retain a minority investment interest, allowing it to maintain some involvement in Poundland's future performance. Both companies have also agreed on transitional service arrangements to support operations during the changeover. This move is part of a broader strategy by Pepco Group to streamline its portfolio and focus on sectors delivering higher returns and stronger growth prospects, moving away from fast-moving consumer goods (FMCG) and potentially considering further divestments in related businesses. Several news outlets, including the BBC, have reported that Poundland was sold for approximately £1. However, Pepco's official statement did not disclose a specific sale price, instead referring only to the shares being sold for "nominal consideration," which typically means a very small or symbolic amount. "Poundland moves to new ownership under Gordon Brothers" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
an hour ago
- Yahoo
Frontier Developments Leads The Way Among 3 UK Penny Stocks
The UK market has recently faced challenges, with the FTSE 100 index closing lower following weak trade data from China, highlighting the interconnectedness of global economies. Amid these broader market fluctuations, investors may find opportunities in penny stocks—an investment area that remains relevant despite its somewhat outdated name. These stocks often represent smaller or newer companies and can offer growth potential at lower price points when backed by strong financials. Name Share Price Market Cap Financial Health Rating Foresight Group Holdings (LSE:FSG) £3.98 £447.67M ★★★★★★ Warpaint London (AIM:W7L) £4.55 £367.58M ★★★★★★ Stelrad Group (LSE:SRAD) £1.44 £183.39M ★★★★★☆ Ultimate Products (LSE:ULTP) £0.769 £64.71M ★★★★★☆ Van Elle Holdings (AIM:VANL) £0.39 £42.2M ★★★★★★ Polar Capital Holdings (AIM:POLR) £4.43 £427.11M ★★★★★★ LSL Property Services (LSE:LSL) £2.95 £304.69M ★★★★★☆ Begbies Traynor Group (AIM:BEG) £1.07 £170.7M ★★★★★★ Croma Security Solutions Group (AIM:CSSG) £0.86 £11.84M ★★★★★★ Braemar (LSE:BMS) £2.32 £72.49M ★★★★★★ Click here to see the full list of 406 stocks from our UK Penny Stocks screener. Let's dive into some prime choices out of the screener. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Frontier Developments plc is a company that develops and publishes video games for the interactive entertainment sector, with a market cap of £113.53 million. Operations: The company generates revenue primarily from its Computer Graphics segment, which accounted for £88.88 million. Market Cap: £113.53M Frontier Developments plc, with a market cap of £113.53 million, has shown signs of financial stability and growth potential despite recent challenges. The company became profitable in the past year, although its earnings have declined by 47% annually over the last five years. Its price-to-earnings ratio of 7.1x is below the UK market average, indicating potentially good value for investors seeking undervalued opportunities. Recent strategic moves include establishing an Executive Board to enhance operational efficiency and announcing Jurassic World Evolution 3's release, which could drive future revenue growth alongside its robust short-term asset position (£53.1M). Click here and access our complete financial health analysis report to understand the dynamics of Frontier Developments. Gain insights into Frontier Developments' outlook and expected performance with our report on the company's earnings estimates. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Journeo plc offers solutions for the transport sector by capturing, processing, and displaying critical information to improve travel experiences in the UK and globally, with a market cap of £58.38 million. Operations: The company's revenue is primarily derived from its Fleet Systems segment at £23.69 million, followed by Infotec at £12.42 million, Passenger Systems contributing £9.50 million, and Journeo A/S generating £4.03 million. Market Cap: £58.38M Journeo plc, with a market cap of £58.38 million, displays financial resilience and growth potential within the transport sector. The company's recent EUR 4.2 million order from Alstom SA for CCTV and APC systems highlights its strategic partnerships and revenue prospects, expected to be recognized mainly in FY26 and FY27. With strong short-term assets (£33.7M) covering liabilities (£17.1M), high Return on Equity (26.1%), and significant debt reduction over five years, Journeo's financial health is robust. Its price-to-earnings ratio of 12.9x suggests good value compared to the UK market average of 16.5x, appealing to value-focused investors. Take a closer look at Journeo's potential here in our financial health report. Gain insights into Journeo's historical outcomes by reviewing our past performance report. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Litigation Capital Management Limited offers dispute finance and risk management services in Australia and the United Kingdom, with a market cap of £50.14 million. Operations: There are no specific revenue segments reported for this company. Market Cap: £50.14M Litigation Capital Management Limited, with a market cap of £50.14 million, is trading at a significant discount to its estimated fair value. Despite being unprofitable, the company has reduced losses by 20.8% annually over five years and forecasts earnings growth of 95.3% per year. Recent earnings reports show revenue of A$7.41 million for Q2 2024, down from A$21.88 million the previous year, alongside an A$8.35 million net loss. Short-term assets (A$557.8M) comfortably cover both short-term (A$17.6M) and long-term liabilities (A$407.3M), indicating solid liquidity despite negative operating cash flow impacting debt coverage. Unlock comprehensive insights into our analysis of Litigation Capital Management stock in this financial health report. Assess Litigation Capital Management's future earnings estimates with our detailed growth reports. Embark on your investment journey to our 406 UK Penny Stocks selection here. Contemplating Other Strategies? These 17 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AIM:FDEV AIM:JNEO and AIM:LIT. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Calculating The Fair Value Of Warpaint London PLC (LON:W7L)
Using the 2 Stage Free Cash Flow to Equity, Warpaint London fair value estimate is UK£4.92 Current share price of UK£4.55 suggests Warpaint London is potentially trading close to its fair value Analyst price target for W7L is UK£6.67, which is 36% above our fair value estimate In this article we are going to estimate the intrinsic value of Warpaint London PLC (LON:W7L) by taking the forecast future cash flows of the company and discounting them back to today's value. Our analysis will employ the Discounted Cash Flow (DCF) model. Believe it or not, it's not too difficult to follow, as you'll see from our example! Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF (£, Millions) UK£11.2m UK£16.7m UK£18.5m UK£19.8m UK£21.0m UK£22.0m UK£22.9m UK£23.8m UK£24.6m UK£25.3m Growth Rate Estimate Source Analyst x3 Analyst x4 Analyst x2 Est @ 7.26% Est @ 5.84% Est @ 4.85% Est @ 4.16% Est @ 3.67% Est @ 3.33% Est @ 3.09% Present Value (£, Millions) Discounted @ 7.4% UK£10.4 UK£14.5 UK£14.9 UK£14.9 UK£14.7 UK£14.3 UK£13.9 UK£13.4 UK£12.9 UK£12.4 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = UK£136m The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.5%. We discount the terminal cash flows to today's value at a cost of equity of 7.4%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = UK£25m× (1 + 2.5%) ÷ (7.4%– 2.5%) = UK£533m Present Value of Terminal Value (PVTV)= TV / (1 + r)10= UK£533m÷ ( 1 + 7.4%)10= UK£261m The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is UK£397m. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Relative to the current share price of UK£4.6, the company appears about fair value at a 7.5% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent. The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Warpaint London as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.4%, which is based on a levered beta of 0.949. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. View our latest analysis for Warpaint London Strength Earnings growth over the past year exceeded the industry. Currently debt free. Weakness Earnings growth over the past year is below its 5-year average. Dividend is low compared to the top 25% of dividend payers in the Personal Products market. Opportunity Annual revenue is forecast to grow faster than the British market. Good value based on P/E ratio and estimated fair value. Threat Dividends are not covered by cash flow. Annual earnings are forecast to grow slower than the British market. Whilst important, the DCF calculation shouldn't be the only metric you look at when researching a company. It's not possible to obtain a foolproof valuation with a DCF model. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. For Warpaint London, we've put together three pertinent factors you should consider: Risks: Every company has them, and we've spotted 3 warning signs for Warpaint London (of which 1 is a bit concerning!) you should know about. Future Earnings: How does W7L's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the AIM every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
