Business distress at record low in North – R3
The level of business distress in the North has hit a record low, according to new research by insolvency trade body R3. Only 5% of businesses in the region are …
Enterprise Ventures companies AIM high with £86m raised in 2015
Businesses backed by Enterprise Ventures raised over £86m on AIM in 2015, new figures show. The firm now has eight listed companies in its portfolio following the flotation of two …
Transport, pubs and restaurants are most popular North West start-ups
Transport has become the fastest growing sector in the North West with the number of active companies rising by 30 per cent rise in the past year, according to figures …
Litigation changes ‘could leave £480m in hands of rogue directors’
The government’s decision to prevent insolvency practitioners using ‘no win no fee’ arrangements to pursue money owed to creditors could result in half a billion pounds a year remaining in …
Northern ‘zombies’ return to land of the living
The number of Northern businesses just paying the interest on their debts – a key characteristic of ‘zombie businesses’ – has plummeted from 45,000 in August 2014 to 10,000 now, …
Southport hotel sold after successful turnaround
A landmark Southport hotel has been sold to a Merseyside entrepreneur for a six-figure sum. The Bold Hotel on Lord Street has been acquired by AM Investments Ltd, which is …
Survey reflects new spirit of optimism in the North
Levels of distress amongst Northern businesses have fallen to below the national average, while an above average number are showing signs of growth, according to new research by insolvency trade …
Reforms ‘will improve trust in pre-packs’
Reforms to ‘pre-pack’ administrations have been welcomed by R3, the trade body for insolvency professionals. The changes include the introduction of an independent ‘pool’ of experts to review pre-pack sales …
New management team lead Bredbury Hall into new era
Bredbury Hall Hotel and Country Club, the iconic Stockport venue, has appointed a new management team as it begins a new chapter in its history. The historic hotel has also …