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Cheshire engineering, procurement and construction services company Simon Carves was being propped up with loans of £240m from its Indian parent company Punj Lloyd (PL) Group when it entered administration, a new report has revealed. And the business, which was sold back to a subsidiary of PL Group in a pre-pack deal for £1m, left debts of more than £40m to suppliers and dumped its pension fund as a result of its failure. READ MORE...
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| Deals |
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Manchester biopharmaceutical business Renovo Group has got the go-ahead from investors to proceed with a share buy-back programme and a move to AIM. Read More...
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Curtains and bedding importer Global Textiles has secured a £1.2m finance package to help purchase a new warehouse and distribution centre in Burnley. Read More...
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Strong growth in the next 12 months is expected by a majority of chief executives at small businesses in the north, a report by ECI Partners has revealed. But raising finance to support that growth was described as a serious issue. Read More...
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| Business |
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Bentley Motors, the Crewe-headquartered luxury carmaker, is predicting an overall sales increase of about 40 per cent this year, aided by the launch of its new Continental GTC convertible. Read More...
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Chorley-headquartered debt management business Fairpoint Group has maintained that its full year results will meet market forecasts despite only breaking even in the first half. The company also revealed that it could be in line for major VAT rebate. Read More...
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Perspective Financial Group, the Cheshire-based consolidation vehicle for IFA firms, has reported a 44 per cent rise in both half-year revenue and earnings thanks to its ambitious buyouts drive. Read More...
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Survey after survey shows retail in the doldrums, but one business that continually gets it right is John Lewis. Next week, as the British Council of Shopping Centres hits Manchester for its conference and exhibition, the managing director of the Trafford Centre store will be speaking at an Insider event. Read More...
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| Property |
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The Vinden Partnership, the Bolton dispute management and mediation firm, has teamed up with invoice finance provider Bibby Financial Services to launch a new funding product for architects' firms. Read More...
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Cumbria Chamber of Commerce has urged businesses in the county to back Stobart's bid to redevelop Carlisle Airport as the planning saga rumbles on. Read More...
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TV production company Baby Cow Productions, co-founded by Steve Coogan, has relocated its Manchester operations to the Greenhouse at MediaCity. Read More...
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