We are excited to reveal plans for the redevelopment of one of Whitefriargate’s most prominent buildings. The former HSBC bank in Hull is to provide a thriving home for us at Social Profit Calculator along with our partners at Pagabo and Sypro.

Behind its prodigious historic facade, 55 Whitefriargate oozes an eclectic mix of heritage and creativity. Combining high-tech workspaces with break-out areas to connect and play – in the centre of Hull’s Old Town. 

This restored bank is to be a hub for creative, digital and tech businesses; housing communal co-working and flexible office space, where innovators can collaborate, share and grow together.

Creating opportunities 

Our executive chairman Gerard Toplass said: “This building is a prime example of why you should never look down when you are in Hull. You should always look up to make sure that you don’t miss any of the city’s truly tremendous architecture – including this striking Grade II listed Victorian building.

“We’re really excited and proud to have revealed plans for Hull’s former HSBC building. Being one of the city’s oldest streets, Whitefriargate backs onto the old town and is a fundamental part of Hull’s heritage. 

55 Whitefriargate, Hull
One of Hull’s grandest examples of Victorian commercial architecture. Stone-fronted, with rusticated ground floor, carved heads above the ground-floor windows, pediments elsewhere, and fluted Corinthian pilasters. By Lockwood & Mawson, 1878-79, for the Midland Bank. Grade II listed.

Photo © Stephen Richards (cc-by-sa/2.0)

“There has been a lot of residential development happening in Hull and the surrounding areas, which will no doubt attract new businesspeople to the city. We want to support the local community by creating opportunities for individuals and businesses to thrive, as well as further cementing Hull as a hub for local, national and international businesses to both grow and succeed.”

Upskilling our staff

Gerard continued: “Another fundamentally important element that we hope 55 Whitefriargate will provide for companies is a space to train and upskill their staff via ‘learning’ days. We believe that it’s important for modern-day employers to be able to offer their workforce opportunities for self-growth and personal development on their own premises, and we believe that this new facility will do just that.

“It has been great working alongside local contractors and Hull City Council to bring our vision to life, and I would like to personally thank them for their ongoing support.”

Join us

Lettings are being managed by Garness Jones, with high initial demand seeing the entirety of the ground floor space already fulfilled. Space and flexible terms remain available for the building’s first, second, third and fourth floors.

For more information about 55 Whitefriargate or to register your interest, please click below:

FOLLOWING a sustained period of growth, Social Profit Calculator has announced the appointment of Sarah Coughlan as chief operating officer. 

Social Profit Calculator is the only UK software platform accredited by both Social Value UK and Social Value International. Led by a team of experts, the organisation provides a range of services to help businesses and public sector organisations accurately measure the social value they generate.

Sarah joined Social Profit Calculator in 2018 as a front-end developer working on the technical development of the organisation’s products and has since worked her way up to head of development. In her new role as chief operating officer she will be working with industry leaders on integrating sustainable methodologies for social value into built environment practices. 

She said: “The importance of social value has been growing over recent years, particularly within the built environment sector, and we’re of course still feeling the impact of COVID-19 at present, so I’m thrilled to be moving into this new role at what is a really interesting point in time.

“As an organisation, we were really pleased to see the government’s new measures for social value announced last month. In the wake of COVID-19, people will need to see the impact of every pound invested and these new measures will mean that central government will – from 1 January 2021 – need to go further than the Public Services (Social Value) Act 2021 to ensure that all major procurement explicitly evaluate social value, rather than just consider it.

“I’m very much looking forward to getting started in this new position and working with the wider team and organisations throughout the industry to make a real, demonstrable change in how we view and measure social value.”

The organisation’s Social Value Reporting Software calculates the social, economic and environmental impact of a project using a number of government-approved analysis frameworks including Social Return on Investment (SROI), environmental impact, LM3, GVA and asset value. Its database of more than 6,000 outcomes achieves a level of unmatched accuracy.

Executive chairman and chief executive officer Gerard Toplass, who is also executive chairman of national framework organisation Pagabo and software solutions organisation Sypro, said: “Since joining the company, Sarah has shown dedication to our customers, the team and the product development that sets us apart from other organisations, so we’re really pleased to be announcing her appointment as COO.

“I look forward to working closely with Sarah, the board and the rest of team as we look forward and work with the wider industry to embed social value at the heart of all built environment endeavours.”

At the same time as Sarah stepping into this new role, Social Profit Calculator’s co-founder Mark Bolger will be standing down from day-to-day operations but will stay involved in the company as a shareholder and contributor. 


For more information, please visit our website.