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Top story
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£340m refinancing at Bibby Group of Factors
Liverpool-headquartered Bibby Group of Factors, the UK’s largest independent factoring and invoice discounting provider, has secured a £340m refinancing package from a syndicate of banks. The company’s existing facility was due to expire in 2012 and the new deal sees it secure its funding until 2014.
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Deals
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Intrinsic moves for Dataplex
Merseyside-based unified communications company Intrinsic Technology has bought the trade, certain assets and goodwill of Dataplex Systems for an undisclosed sum. Dataplex has offices in Manchester and Oxford.
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Cadwalader scoops HSBC deal
Gwynedd-headquarted Cadwalader Ice Cream has opened a new outlet in Manchester’s Trafford Centre after securing funding from HSBC Commercial Banking. The opening has created 20 new jobs and has taken the company’s total workforce to 150.
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Business
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Workplace injury toll falls in Merseyside
Employers in Merseyside are being urged to consider health and safety regulations as it has been revealed more than 570 workplace injuries were incurred in the region last year. There were also three fatalities in 2009/10.
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Sluggish final quarter for St Helens businesses
Businesses in St Helens have reported a sluggish end to 2010 suggesting that the borough’s economy is struggling on its road to recovery.
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Unite suspends strike action at Heinz
Unite union members at the Heinz factory in Wigan have suspended strike action to consider a new pay offer from the company. The 24 hour-strike action due to start today was called off following talks which resulted in the new package being put to workers.
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VAT hike to hit turnover - FSB
The VAT rise will have a negative impact on small businesses. That's according to the Federation of Small Businesses, which has published a survey revealing 71 per cent of 1,600 respondents expect the rise to be unbeneficial to their businesses.
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Our Insider Membership Club offers a wide range of benefits to the business community. Potential sales leads, valuable data and analytical coverage, competitor analysis and much much more. We keep you better informed than any other business publication in the region. Exclusive introductory offer ‘Buy One Year Get Six Months Free’ available until 31 January 2011.
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Property
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£70m framework unveiled
Liverpool City Council is to set up a framework for building works and maintenance services worth £70m. The framework comprises 31 lots to run over three years with a facility for a one year extension.
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£100,000 revamp at Cherry Tree
Cherry Tree Lodge Private Retirement Home in Southport has undergone a £100,000 renovation programme.
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For this month only Insider Members can benefit from free tickets and a free trial Membership to the Royal Exchange Theatre. Offer expires 31 January 2011
