Government backs down after R3’s ‘Save our £160m’ campaign
A legal change which could have allowed rogue company directors to walk away with £160m a year of creditors’ money has today been put on hold – just a month …
Fridge gas firm set for global growth after £750k investment
A company which has developed a more environmentally-friendly range of refrigerant gases has received a £750,000 investment to boost its growth from The North West Fund for Mezzanine, managed by …
Firm targets energy sector with Rosebud backing
A family-run electrical engineering business has secured a £100,000 loan from Lancashire County Council’s Rosebud Finance to step up its presence in the renewables sector. Robinson & Lawlor, which employs …
R3 welcomes plans to stop businesses being held to ransom
Government plans to stop utilities and IT service suppliers from changing their terms to struggling businesses undergoing a rescue procedure have been welcomed by the insolvency trade body R3. The …
Ashley Finance pays out £75m to SMEs feeling the squeeze
Ashley Business Finance, which provides finance products for small firms, paid out £75m to over 900 different businesses throughout England and Wales in 2014 – its highest ever amount to …
Acquisition of hotplate firm set to create new jobs
A Lancashire company which is the world’s leading manufacturer of hotplates for the food industry has been acquired for a seven-figure sum, in a deal backed by Lancashire’s County Council’s …
Company administrations at lowest in a decade
The number of companies placed into administration last year was the lowest in a decade, according to the official insolvency figures released today. The figures from the Insolvency Service show …
IVAs hit record high
The number of Individual Voluntary Arrangements (IVAs) taken out by people with debt problems increased in 2014 for a second year running to reach record levels, according to the official …
myday software creators secure further £250k
A software company which has developed a new system to help universities, colleges and schools engage with their learners has received a £250,000 investment from The North West Fund to …