Business & Technology
Major UK retailer responds on future amid mass closures nationwide
Magnet Kitchens, which operates more than 150 branches nationwide under its retail and trade brands, has announced a Company Voluntary Arrangement (CVA) that will see 15 “under-performing” sites shut in a bid to cut property costs and shore up its finances.
The retailer, described as the UK’s longest-running kitchen chain and one of the largest in the sector, said the closures were “a difficult decision and not one we have taken lightly, particularly where colleagues may be impacted”.
Bosses have not given a specific figure for potential redundancies, but have admitted roles at the affected stores are at risk, adding that staff “will be supported throughout and suitable alternative roles within the business will be offered wherever possible”.
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Under the CVA, an insolvency process that allows a company to agree reduced repayments to unsecured creditors while continuing to trade, Magnet will remain in business, with the majority of its 159 outlets expected to keep operating as normal.
Customers whose local branches are due to close have been told their orders will be transferred to the nearest alternative showroom, with the restructuring proposals still needing formal approval from creditors before they take full effect.
A full list of the 15 closing stores has been published, covering locations from Andover in Hampshire and Brighton in East Sussex to Stirling in Scotland and York Trade in North Yorkshire, as well as sites in Wales and Greater London.
None of the Oxfordshire outlets appear on that list, with Magnet’s website showing the retail kitchen showroom on Banbury Road in north Oxford, trading as Magnet Oxford.
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There is also a separate trade depot on Tramway Industrial Estate in Banbury, serving builders and fitters.
Both locations remain listed as open and are not among the 15 branches earmarked for closure, meaning customers in Oxford and Banbury can still visit their local Magnet facilities even as other parts of the network face the axe.
The Banbury site is a Magnet Trade depot, acting as a counter and warehouse for registered trade customers, while the Oxford branch is a full kitchen showroom aimed at retail buyers, reflecting the company’s dual retail–trade structure.
Magnet said the CVA and store closures were necessary to tackle “property costs that are no longer sustainable” and position the business for the long term, after wider pressures on the kitchens and home improvement market.
READ MORE: Jobs at risk as UK kitchen giant closes 15 ‘under-performing’ stores
The group’s Swedish owner, Nobia, has previously announced UK restructurings and job cuts, underlining the challenges facing the wider company as it looks to reduce overheads and return to stronger profitability.
This newspaper approached Magnet for comment on the impact on the Oxfordshire locations.
The major UK firm responded: “Unfortunately, we are not able to provide any further comment whilst the current process is underway.”
For customers, the chain has stressed that “the vast majority” of showrooms will continue to trade.
Existing orders at closing stores will be honoured via transfers to nearby branches, although people are being advised to check directly with their local Magnet if they have concerns.
Business & Technology
Oxfordshire business mentor releases brutally honest book
Mike Foster, who was born and raised in Kidlington, has written The Financial Times Guide to Starting a Business, which combines practical business guidance with insights into the entrepreneurial mindset.
Now based in Didcot, Mr Foster coaches business owners by reviewing critical aspects of their operations, identifying areas of focus, and developing tailored strategies.
Mr Foster said: “Many start-up guides focus solely on the mechanics of launching a business.
“But I wanted to be brutally honest about the realities and challenges entrepreneurs will face, sharing from my own journey which has included both big successes and a six-figure setback.”
The book is his second publication, following 2023’s 105 Ways to Accelerate Your Business Success.
He also contributes to the community through his work in schools, having served as an enterprise advisor for Enterprise Oxfordshire (formerly OxLEP).
In that role, he supported Didcot Girls School and helped the organisation recruit 40 equivalents in secondary schools across the county.
The new book covers everything from idea development and marketing to finance, legal structures, and operations.
It aims to help readers assess whether they are mentally prepared for entrepreneurship.
Written as a step-by-step guide, the book offers practical, actionable advice and encourages readers to consider the mindset needed to build confidence and avoid common start-up pitfalls.
The Financial Times Guide to Starting a Business is available now in paperback and e-book formats from Amazon, Waterstones, and other major retailers.
Business & Technology
SSEN to offer free, personalised energy advice to customers
The service is available across central southern England and the north of Scotland through a partnership with energy efficiency charities Changeworks and the Centre for Sustainable Energy (CSE).
It offers support with fuel poverty, energy bills, and low-carbon technologies.
Eliane Algaard, director of customer operations at SSEN, said: “We know that many of our customers are looking for trusted, practical advice to help them manage energy costs, improve the comfort of their homes, and make informed choices about low-carbon technologies.
“By working with Changeworks, we can offer our customers access to specialist support that reflects the different needs of the communities we serve, from rural and island locations in the north of Scotland to towns and cities across central southern England.
“This partnership builds on the support we already provide for customers who may need extra assistance and enables us to help even more households to access the right advice at the right time.”
Customers can access the free advice via phone, online, or in person.
The programme will also proactively identify individuals in need through outreach activities, including promotion of the Priority Services Register, distribution of energy-saving kits, and advice on making homes more sustainable.
Changeworks brings nearly 40 years of experience delivering energy efficiency support in Scotland, while CSE has worked with SSEN since 2021 through the Cosier Homes Advice project in central southern England.
Morven Masterton, head of community engagement and energy advice services at Changeworks, said: “Changeworks is delighted to be partnering with CSE to deliver this important SSEN initiative, supporting customers across the two regions.
“Together, our organisations bring extensive local knowledge, strong partnerships, and well-established networks.
“By integrating this programme into the existing support available in each area, we will be able to maximise its reach and deliver an even greater impact for the customers and communities we serve.”
CSE has over 45 years’ experience helping people reduce energy costs and improve home comfort.
Karn Shah, head of advice at CSE, said: “Energy bills remain high, and more people are struggling to keep up.
“This new partnership with Changeworks and SSEN means we can reach even more households who need practical, impartial advice to help them cut their bills, ensure their homes are a safe temperature and more energy efficient, and understand their route to a low-carbon future.”
SSEN said the scheme would support warmer homes, lower bills, and a fair transition to a low-carbon future.
Business & Technology
Schneider backs AI-era condition-based maintenance
Schneider Electric has published an IDC white paper on maintenance in AI-era data centres, arguing that calendar-based maintenance is no longer fit for purpose in many facilities.
The report says rising rack densities, multivendor estates and shortages of skilled technicians are forcing operators to rethink how they maintain critical equipment. It makes the case for condition-based maintenance, which uses monitoring and analysis of asset behaviour to identify faults earlier and reduce unnecessary service interventions.
Schneider Electric linked the findings to its EcoCare service model, which combines remote monitoring, expert oversight and predictive fault analysis. It said the approach shifts maintenance away from fixed schedules towards interventions based on equipment condition and operating limits.
IDC said the operational backdrop for data centre operators has changed sharply as AI workloads grow. The paper notes that rack power densities have increased from about 15kW per rack in standard data centres to 300kW to 600kW in AI-heavy compute zones, adding pressure on uptime and infrastructure resilience.
That shift is being compounded by the way operators are expanding capacity. According to the research, many are relying on existing installed bases, distributed campuses, on-site generation and brownfield strategies through mergers and acquisitions of local service providers, rather than building entirely new facilities.
Operational strain
The white paper also highlights the complexity of fragmented multivendor environments. Operators that acquire existing facilities can inherit equipment from multiple suppliers without a full operating history, creating challenges when integrating it into asset performance management systems.
“When operators acquire existing facilities rather than build from scratch,” said Luis Fernandes, Senior Research Manager, IDC, “they introduce unknown equipment configurations from multiple vendors, with no operational history, requiring immediate integration with asset performance management systems.”
Labour shortages add to those pressures. The research said the supply gap for skilled technicians has reached unsustainable levels, citing a US example where there is only one qualified person taking up a position for every seven open roles. Operators are struggling to recruit across electrical, mechanical cooling and commissioning roles, including positions that require specialist certification for high-voltage systems.
Against that backdrop, the study argues that fixed maintenance intervals are becoming less suited to the realities of AI-led data centre operations. Rather than carrying out work simply because of a date on a calendar, condition-based maintenance uses equipment data to determine when intervention is actually needed.
Schneider Electric said early adopters of AI-supported condition-based maintenance have reported fewer manual interventions, lower operating expenditure, less unplanned downtime, longer asset lifetimes and better efficiency. It added that its EcoCare offering can deliver up to a 75% reduction in unplanned downtime and a 20% reduction in operating expenditure, while also reducing risk.
Predictive model
Jerome Soltani, Global Head of Services at Schneider Electric, described the model as one focused on identifying abnormal behaviour in equipment and systems earlier. He said combining remote monitoring with AI-assisted orchestration can improve visibility into asset health and reduce disruption from unnecessary maintenance activity.
“By combining remote monitoring capabilities with AI-assisted orchestration, you can gain insights regarding the health of your assets and systems, and get an early identification of abnormal behaviour that might precipitate a failure,” Soltani said.
“This ensures that downtime is minimised, but also that equipment working within specification is not disturbed or needlessly addressed.”
IDC frames the issue as part of a broader shift in how operators manage infrastructure in more complex environments. Instead of treating maintenance as a routine schedule, the paper describes a model in which software-led analysis and human oversight combine to create a more continuous picture of system health.
Fernandes put that argument directly: “Your maintenance schedule doesn’t know when something is failing – your equipment does.”
He added: “Condition-based maintenance is an optimised operating model for AI-era infrastructure that reduces manual interventions, lowers OpEx, and extends asset lifecycle. By scaling predictive analytics to correlate behaviour across every vendor, asset, and failure trajectory, condition-based maintenance enables operators to build machine-driven, human-validated system intelligence.”
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