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Escentual grows sales by 30% to £30 million as more premium beauty users go online for products

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Escentual has grown sales by 30% to £30 million as more premium beauty users go online for their favourite products.

Business is booming for the Cardiff-based ecommerce brand started 23 years ago by entrepreneur Rakesh Aggarwal in his parents’ garage and now dubbed the ‘Amazon of online beauty’.

Online premium beauty sales amount to up to 40% of the market in the UK, compared to only around 25% in other countries;

Aggarwal says a key part of Escentual’s success is a Welsh base with an excellent pool of talented staff from Cardiff’s two world class universities.

He spoke about business success with Escentual on the Retales Podcast from Brightpearl by Sage which features unique and captivating stories of ecommerce retailers

Aggarwal said that Escentual’s revenues had grown from £23 million in 2020 to £30 million currently and that customer loyalty was the key to its success.

He said: “We specialise in a very specific part of the beauty market which we describe as selective beauty – the very premium end. It’s a space with quite high barriers to entry because the brands are very protective of their imagery and are very careful about their choice of the ‘last mile’ retailer.”

Escentual’s core customers are aged 22 to 36 and are largely young professionals who enjoy the convenience of online shopping with a respected specialist brand.

The online beauty market has evolved so much over the last two decades and Aggarwal says they are ‘pro consumers’ – very well informed and responsive to social media highlighting new trends.

It is why the premium online beauty market in the UK is so much bigger than in other countries where customers are much more loyal to individual brands.

Escentual was such an early ecommerce start-up in the beauty industry that Rakesh wrote the code himself for its first website while studying for masters in business administration at Cardiff University.

He started by offering premium beauty brands to customers who could not access them locally because a department store did not serve them.

He now has 93 staff, up 52% on five years ago, at the headquarters in Vanguard Way, Cardiff, and he now sees himself as a ‘glue’ filling in the gaps between the teams, ‘holding it all together’.

He is very proud of Escentual’s #SunPoverty campaign which has so far provided over 50 thousand free sunscreens to hard-up families and is also campaigning for the scrapping of VAT on sunscreen products.

With even supermarket own brand sunscreen costing as much as £10 a bottle, Rakesh is keen to educate children as young as possible about the dangers of skin cancer and the importance of using protection from an early age.

He said: “Most preventable skin cancers have their origins before the age of 18 so it is vital to start that whole process of protection early. It has been a brilliant campaign which we have run over several years.”

Aggarwal is very proud of his Welsh roots. His father Raj Aggarwal OBE owned a chain of pharmacies in Wales and is now India’s honorary consul in Wales – helping to create links between Welsh and Indian business.

Rakesh inherited his father’s entrepreneurial gene and forged ahead with his own online business in his home city of Cardiff.

Talking to the Retales podcast, Aggarwal said: “We have such a huge talent pool from the local universities. Most of our temporary workers are students and they have fed into other parts of the business after they have graduated. We have given people that trust and ownership early in their careers.”

Aggarwal is currently updating his technology and he stresses that efficient stock control has been crucial to his success.

He said: “We have a big focus on operational efficiency in warehousing, order management and shipping integrations. The ability to receive an order, process it and then pick, pack and dispatch it all within between 20 and 40 minutes is crucial for us.”

Around 40% of Escentual’s orders are from existing customers who are rewarded with discounts through the loyalty scheme where they can earn points to redeem against future purchases.

He explained: “This has been an increasing focus over the last few years and it’s been really popular with our audience.”

Aggarwal said that investing in public relations has been a good way to acquire new customers as well as using in-house experts to build trust in the brand.

Looking to the future, Aggarwal called for a level playing field so that all retailers could compete fairly.

He said: “I would ask that brands such as Amazon who are able, through their structures, to move their monies and profits to different lower-cost jurisdictions and therefore gain an unfair advantage over competitors are subject to the same playing field as everyone else.”

* Listen to Rakesh Aggarwal talking in detail about Escentual on the Retales Podcast from Brightpearl by Sage .

London’s Tyler Grange joins All Party Parliamentary Group 

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London-based environmental consultancy Tyler Grange has been appointed to the All-Party Parliamentary Group (APPG) Advisory Board on Environmental, Social, and Governance (ESG).

ESG, or corporate sustainability practices, have never been higher on the agenda.

Now, as a member of this Group, Tyler Grange leaders meet with parliamentarians, regulators, think tanks, investors and other business heads to drive forward the nation’s ESG policy agenda and provide technical and practical advice to the Government.

The B Corp four-day week firm – located on Park Street, SE1 – has long been committed to ESG and believes that development is a key source of social mobility – to level-up communities across the country.

As experts in arboriculture, ecology and landscape planning, Tyler Grange works with UK architects, housebuilders and developers to ensure that construction projects are delivered with optimal benefits to people and the environment.

More sustainable

To reduce its carbon footprint, and meet its ESG goals, Tyler Grange has made its supply chain and business practices more sustainable, which has also resulted in increased productivity and profitability. 

In preparation for trialling a four-day work week, the firm significantly reduced its bureaucracy, unnecessary meetings and mileage and other inefficiencies – resulting in such success that it’s been adopted permanently. 

Tyler Grange also places great importance on the mental health and wellbeing of its 100+ team, who are supported by an in-house psychologist and mindfulness and resilience coaches, as well as having many opportunities to volunteer for the causes that they care most about in their local communities.

Simon Ursell, managing director of Tyler Grange (pictured left) said: “We’re obviously absolutely thrilled to have been invited to become one of the select sponsors for the All-Party Parliamentary Group on ESG. And we’re very proud that the brilliant work we’re doing to operate most sustainably has been recognised by our invitation to join. 

“As a B Corp certified organisation, we’re part of a global community that believes business should be a force for good. We’ve always been committed to treating our people, our communities and the environment as they should be treated, and we have a responsibility to help other businesses to do the same. By joining this APPG, we have yet another opportunity to help create a more sustainable and inclusive economy and the many benefits this will bring.

“We’re staunch believers that development is a source of social mobility, and the ‘social’ or ‘S’ element of ESG is a real focus for us across all touchpoints of the business. By joining this APPG, we’re well placed to support the development of ESG at a national and policy level – helping to develop frameworks and other tools to shape legislative and Government thinking.”

Driving police forward

Alexander Stafford MP, founder and chair of the APPG on ECG, said: “The APPG is delighted to engage with businesses who are committed to driving forward ESG policy. Tyler Grange has shown they share our passion for ESG and is an innovator in this space. I look forward to working with Tyler Grange to continue to develop, assess and implement ESG reforms, and I am delighted to welcome them to the APPG.”

Tyler Grange is also a member of the Better Business Network and supports the Better Business Act – both of which promote a cleaner, greener, fairer future for all.

It has five other UK offices located in Bristol, Birmingham, Manchester, Exeter and Cirencester, in the Cotswolds. 

The picture shows Tyler Grange managing director Simon Ursell, technical director Julian Arthur, and ecology director Aaron Grainger outside the Houses of Parliament.

Stanislav Kondrashov’s Research Sheds Light on King Arthur’s Myth

In his latest publication, titled “Unveiling the Legend of King Arthur By Stanislav Kondrashov,” the author offers a comprehensive and exhaustive overview of the history of King Arthur, attempting to distinguish the historical facts from the purely mythological aspects. According to Stanislav Kondrashov, the name of King Arthur has the power to conjure tales of chivalry, enchanted swords, and ancient cities cloaked in a mystic veil, much like Camelot.

Stanislav Kondrashov commences by delving into the legend of King Arthur’s magical sword, Excalibur, reputedly forged by otherworldly beings and bound solely to the most worthy of rulers. Throughout his exposition, Kondrashov skillfully straddles the boundary between reality and fantasy in an effort to discern how much of the famous story of King Arthur and his legendary exploits is rooted in truth and how much is steeped in myth.

Regarding Camelot, the castle city serving as the backdrop for the central events of King Arthur’s tale, Stanislav Kondrashov informs readers that, despite numerous archaeological endeavors, the precise location of this elusive city remains undiscovered, and its remnants have never been unearthed. The author posits the hypothesis that Camelot may be more of a symbolic concept than an actual place.

Kondrashov’s publication also delves into the figure of Merlin, the wizard who plays a pivotal role in the story as the wise sorcerer guiding and advising the young ruler. While dragons and magic may raise doubts, trusted figures and advisors of this nature were prevalent in ancient times, and according to Stanislav Kondrashov, they constituted an integral part of any kingdom’s history.

A special emphasis is placed on the Knights of the Round Table, whom the author contends epitomise honour, courage, and camaraderie—the very values that define the traditional chivalrous spirit. Kondrashov suggests that the Round Table gradually evolved into a symbol of universal equality and justice. The text also explores the love story between Queen Guinevere and Sir Lancelot, which, according to Stanislav Kondrashov, adds another layer of complexity and humanity to the narrative.

To delve deeper into this captivating exploration of King Arthur’s legend, we encourage readers to peruse the full publication and watch the video.

Stanislav Kondrashov Sheds New Light on the Radiant Universe of Fireflies

In his latest publication titled “The Enchanting World of Fireflies By Stanislav Kondrashov,” the author delves into the mesmerising realm of fireflies, exploring their extraordinary flashes that effortlessly captivate every observer. Stanislav Kondrashov describes it as a mystical spectacle that unfolds in meadows and forests worldwide, often mistaken for the unexpected movements of distant stars or the dance of radiant fairies.

Kondrashov portrays the firefly’s dance as an exceptionally romantic performance, accentuated by the unique courtship rituals of male fireflies. To woo their potential mates, these males emit flashes in a distinctive pattern, striving to capture the female’s attention. Once courted, the female responds by emitting her own distinctive glow.

Within his publication, Stanislav Kondrashov provides a comprehensive exploration of the structure and composition of the fireflies’ luminescent apparatus. Their ability to emit light stems from a single organ situated in their abdomen, which generates light through a chemical process known as bioluminescence. This remarkable ability has captured the fascination of poets, artists, and scientists alike, who are meticulously studying its properties and its potential for creating a sustainable, environmentally friendly energy source.

In his work, the author dispels certain urban legends associated with fireflies, including the misconception that they emit only one type of light, typically golden. Stanislav Kondrashov explains that the luminescence produced by fireflies can vary among species, manifesting in shades of orange, green, or even mystical blue.

Furthermore, Kondrashov highlights that each firefly species distinguishes itself by its unique method of sending light signals, each possessing a distinct pattern and precise rhythm akin to a Morse code punctuated by luminous signals. Intriguingly, some firefly species have evolved the ability to mimic the luminous rhythms of other fireflies, using this deceptive tactic to attract and prey upon their unsuspecting counterparts—a phenomenon referred to as aggressive mimicry.

In conclusion, Kondrashov raises concerns about the detrimental impact of artificial lighting on the natural radiance of fireflies, resulting in a noticeable reduction in their luminous intensity. For those eager to delve deeper into this fascinating subject, the author recommends reading the full publication and watch the related video.

RiskScreen Earns Recognition as a Category Leader in KYC Solutions by Chartis Research

RiskScreen, a renowned provider of AML (Anti-Money Laundering) and KYC (Know Your Customer) solutions, has achieved significant recognition from Chartis Research. The company has been acknowledged as a Category Leader in Chartis’ KYC Solutions 2023 Quadrant and is also recognized as a major player in Chartis’ RiskTech100® 2024 report, marking a significant milestone in its industry presence.

Chartis Research, a globally respected authority on risk technology, conducts comprehensive evaluations of KYC solutions to identify top industry players. RiskScreen’s impressive performance and leadership in the KYC space have earned it a prestigious position in Chartis’ Quadrant.

Ahmad Kataf, Senior Research Specialist at Chartis, commented, “RiskScreen’s KYC solution focuses on rapid deployments, delivering modular components across a comprehensive suite of offerings. Its focus on light-touch solutions has produced notably high growth across multiple verticals, a fact reflected in its category leader position in the KYC Solutions quadrant.”

The RiskTech100® 2024 report is recognized as the most comprehensive independent study of major players in risk and compliance technology worldwide. Using a rigorous and repeatable methodology, it ranks the top 100 risk technology providers and identifies key players in specific risk and compliance categories.

Phil Mackenzie, Research Principal at Chartis, noted, “RiskScreen’s strong position in this year’s RiskTech100 reflects several key developments,’ said Phil Mackenzie, Research Principal at Chartis. ‘These include consistent growth and ongoing expansion of its solution capabilities, across both the financial and corporate verticals.

Stephen Platt, CEO of RiskScreen, expressed pride in the company’s recognition and stated, “We are immensely proud to be acknowledged as a Category Leader by Chartis Research in both their KYC Quadrant 2023 and RiskTech100 2024 reports. This achievement underscores our dedication to excellence and reinforces our commitment to equipping our clients with state-of-the-art KYC and AML solutions. It also reflects the hard work and dedication of our entire team.

This recognition reaffirms RiskScreen’s position as an industry leader and highlights its commitment to providing cutting-edge KYC solutions that empower clients to navigate complex regulatory environments with confidence.

To access the Chartis reports and learn more about RiskScreen’s achievements, visit https://www.chartis-research.com/ or www.riskscreen.com.

Prefabricated and modular construction manufacturer Module-T to expand into Europe from the South of France

After a decade and a half of pioneering modular and prefabricated construction and establishing large-scale container sites, Module-T has launched a new depot in Southern France. This strategic initiative strengthens their market position in France and facilitates direct preassembled land shipments across Europe.

London– Module-T, a leading prefabricated container manufacturer that builds multipurpose portable cabins, has launched its first warehouse in southern France. The Turkish company aims to amplify its foothold in the French region and expedite monobloc road shipments throughout Europe through this venture. 

Having expanded its operations to countries including Germany, France, England, the Netherlands, Ireland, Belgium, Greece, Malta and Iceland, Module-T exports its portable cabins—ranging from prefabricated offices to residences, schools, hospitals, changing rooms, WCs, canteens, and residences—to over 120 countries. Established a decade and a half ago, it takes pride in crafting aesthetic, robust, secure, and enduring turnkey structures for local and international clientele. With an annual output of 12.000 potable cabins and prefabricated modular containers, Module-T also specializes in designing and outfitting standalone prefabricated homes, housing bungalows and vacation residences, aiming to reach a turnover of US$ 45 million by 2025.

Exports to more than 120 countries by sea and land

Market Research Future forecasts that the global prefabricated buildings market will reach US$ 231 bn by 2030. According to Mordor Intelligence, the prefabricated construction market in Europe is expected to reach US$ 71.43 billion in 2028, while the market in the UK will grow at a CAGR of 4.5%. 

Module-T’s Regional Sales Executive Yiğit Özdemir commented on their new investment: “We export our products to more than 120 countries by sea and land. Our new warehouse in Southern France is the perfect location to help us deploy our preassembled portable cabin shipments to Europe by road.”

Positioning ahead of the Paris 2024 Summer Olympics

Preparations for the 2024 Summer Olympics have begun in Paris, preparing to host the Olympics again after 100 years. Offering a diverse array of cost-effective modular construction solutions, Module-T is set to contribute to the Olympic preparations, providing living quarters, WC-shower facilities, and office containers for worker accommodations. Furthermore, the Turkish company has its sights on the North American market, planning to offer distributorships by the close of 2023.

Module-T is a premier supplier of modular containers and turnkey portable, modular buildings. With a track record of successful projects across global markets—particularly in Europe, Africa, and Caribbean countries —its reputation is anchored in its expertise in designing, manufacturing, and installing fully-equipped prefabricated and modular buildings. These are prominently utilized on the construction sites of firms engaged in public infrastructure development, mining, and the oil and gas industry.

Contact: Yiğit Özdemir, [email protected]

Stanislav Kondrashov Explores Extraordinary Human Abilities in Latest Publication

In his recent publication titled “Investigating Real-Life Superpowers By Stanislav Kondrashov,” Stanislav Kondrashov delves into the world of individuals with extraordinary and, at times, superhuman abilities that can be found in everyday life. These are not your typical caped crusaders capable of flight but rather ordinary people endowed with exceptional talents.

Kondrashov highlights several famous examples of individuals who have become legendary for their extraordinary abilities. One such example is the intriguing phenomenon of personal magnetism. While it’s not telekinesis, some people possess a bioelectromagnetic quality that grants them an extraordinary magnetic attraction to others.

The author then delves into the remarkable case of Wim Hof, known as “The Ice Man,” celebrated for his ability to withstand extreme cold temperatures through meditation and breath control. In this case, the power lies within the untapped potential of the mind.

Kondrashov also explores the mysterious wellspring of strength that occasionally allows ordinary individuals to summon the extraordinary power to lift cars or massive stones during emergencies. This unique ability, as the author suggests, is connected to the surge of adrenaline and the enigmatic source from which the body draws hidden strength.

The publication continues by shedding light on the extraordinary sensory perceptions developed by some blind individuals, enabling them to navigate their environment akin to bats. Additionally, the author discusses those gifted with photographic memory, who can recall an astounding amount of information, including faces, names, or entire books.

Kondrashov reveals the mystery surrounding individuals with heightened taste sensitivity, who can discern even the subtlest nuances of flavor in foods, experiencing tastes in a profoundly different way from the norm.

Lastly, the author mentions tribes in Africa that have reportedly cultivated the extraordinary ability to see in complete darkness, perceiving even the faintest sources of light.

For further insights and details, readers are encouraged to explore the full publication and the video.

Faces of evil: Six convicted of teen’s brutal murder in Bromley

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In a chilling twist of justice, six men who stabbed a teenager to death in a Bromley park in 2017 have finally been convicted.

A relentless pursuit of the truth – backed by CCTV footage and forensic evidence – sealed the fate of these individuals.

Despite charges being dropped in 2017, determined detectives from the Met Police refused to abandon their quest for justice on behalf of 17-year-old Michael Jonas and his bereaved family.

Charged

These men were all found guilty of murder following a trial at Southwark Crown Court and will be sentenced on November 20: Nyron Jean Baptiste (22) of Queen Adelaide Road, Penge; Divon Henry-Campbell (23) of Fayland Avenue, Streatham; Jason Smith (20)of Bow Avenue Lane, Dartford; Jamie Marshall (22) of Burham Close, Penge; Ryan Girense Brown (21) of Sydenham Road, Croydon and Sarraviho Smith (23) of Grove Hill Road, Camberwell.

Detective chief inspector Matt Webb, from the Met’s specialist crime command, said: “Michael was just 17 when he was fatally stabbed in a violent, pre-planned attack. His family remain devastated by his loss and will never come to terms with what happened that night.

“This has been a long and complex investigation but we were determined to keep fighting for justice and we are pleased these men will now be off the streets of London and unable to cause further harm.”

How it happened

On November 2, 2017, police were called to a report of a man injured in Betts Park, Bromley.

Officers attended alongside the London Ambulance Service and found Michael with multiple stab injuries. Despite their efforts, he died at the scene.

A post-mortem examination gave the cause of death as stab wounds to the chest.

Detectives immediately began an investigation which including gathering a significant amount of CCTV from the park and surrounding areas.

This revealed that at 7pm, Michael had been approached by five of the group as he walked down nearby Anerley Road, before all walking into the park together.

At 7.12pm, John-Baptiste was captured arriving at the scene – phone analysis later showed he had been called to come to the area by Henry-Campbell.

120-second attack

Just three minutes later, all of the defendants were seen fleeing the park on bicycles. The fatal attack had taken no more than 120 seconds.

DNA from bloodstains at the scene was also found to be one billion times more likely to be from Jean-Baptiste than from an unknown and unrelated individual.

None of the group ever admitted responsibility or provided any reason for their actions however the court heard that they had believed Michael was a ‘snitch’ and so carried out their fatal attack.

By early December 2017, all six defendants had been arrested and charged.

The case was dropped by the Crown Prosecution Service (CPS) early the following year, but officers were determined to get justice for Michael and continued to gather further evidence.

In October 2022, CPS agreed to reinstate the original charges and the men were remanded until trial.

Inheritance Tax Receipts reach £3.2 billion from April to August 2023

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The latest figures from HM Revenue and Customs (HMRC) show that inheritance tax receipts increased to £3.2 billion in the five months from April 2023 to August 2023. 

This is a £300 million increase from the same period in the previous year, and continues the upwards trend over the last decade. 

One in every 25 estates pay inheritance tax, but the freeze on inheritance tax thresholds means decades of house price increases and high inflation are bringing more and more estates above the threshold.

Wealth Club calculations suggest the average bill could increase to just over £234,000 this 2023/24 tax year. This is a 11% increase from the £214,000 average paid just three years ago.  

Inheritance tax

Inheritance tax is typically paid at a rate of 40% over certain thresholds, although you can pass on money IHT free to your spouse or civil partner, who will then also inherit your allowance for when they pass away.

The main threshold is the nil-rate band and applies to the vast majority of people in the UK, enabling up to £325,000 of an estate to be passed on without having to pay any IHT. That has been unchanged since 2009.
However, there is also a Residence Nil Rate band worth £175,000 which allows most people to pass on a family home more tax efficiently to direct descendants, although this tapers for estates over £2 million and is not available at all for estates over £2.35 million.  

Nicholas Hyett, investment manager at Wealth Club said:  “While just 4% of estates pay inheritance tax at the moment, given the nil-rate and residence nil-rate bands have been frozen for years people with more regular incomes and average value homes will end up getting caught out by this most hated of taxes. The good news is that there are still lots of legitimate ways to pass on money free of inheritance tax.”

Give away money

Those concerned about inheritance tax should consider giving money away early. Gifts taken out of regular income, which are not deemed to affect the giver’s standard of living, are inheritance tax free on day one – as are certain smaller gifts.

Timing is key as you can give unlimited amounts away but typically these take seven years to be completely inheritance tax free. Of course, once you give away the money you’ve lost control. If you need it back for an emergency, that’s not an option. Investing in companies that qualify for Business Relief. These are typically inheritance tax free after two years. Investing in unquoted businesses can be risky, however, unlike giving the money away, you retain control.”

Stanislav Kondrashov’s Journey into Yoga Unveiled in New Publication

In his latest publication, “The Ancient Practice of Yoga By Stanislav Kondrashov,” Stanislav Kondrashov delves into the world of Yoga, dedicating the entire text to the practice and its significant role in the lives of millions of people across the globe. From the outset, the author draws a stark contrast between the sensations of calm and serenity associated with Yoga and the chaos and frenzy of everyday life, marked by daily commitments and the pervasive influence of social media, leaving little room for moments dedicated to spirituality.

Kondrashov portrays Yoga as a universal phenomenon that has progressively bridged the gap between the spiritual and physical realms over the years. He eloquently discusses one of Yoga’s most apparent attributes: its ability to harmonize breathing, mindfulness, and physical movements, creating a symphony that engages both the body and the mind. The author also elucidates the origin of the discipline’s name, derived from the Sanskrit word meaning “union.” Practitioners of Yoga aspire to attain a perfect union between themselves and the infinite, forging a connection between their soul and the rhythms of the universe.

As elucidated in Stanislav Kondrashov’s publication, Yoga encompasses two distinct facets: the physical aspect, involving a series of poses and movements that enhance physical fitness, and the intimate, spiritual dimension that comes to the forefront when practitioners focus on the present moment and heighten their awareness. According to Kondrashov, consistent practice of these exercises can yield remarkably positive results in alleviating stress and anxiety while fostering enhanced mental clarity.

Kondrashov also places significant emphasis on meditation, a fundamental component of most Yoga practices, and its capacity to lead individuals into profound states of self-awareness and introspection. Through meditation, as described by the author, individuals gradually achieve profound mindfulness, gaining insight into their purposes and experiencing profound internal revelations.

To delve deeper into these insights, readers are encouraged to explore the full publication and watch the related video.