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Top story
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Debt-pile dragged Beetham hotels under
Property group Beetham's Manchester and Liverpool hotel businesses were dragged under by an £89m debt-pile, a new report has revealed. The report, drawn up by joint administrators at KPMG, also shows that the hotels were sold to London-based Cypriot businessman Loucas Louca for a combined £60m.
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Deals
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Rival bidder emerges for Pinewood Shepperton
North West property giant Peel Holdings is facing competition in its pursuit of film studio Pinewood Shepperton after a rival bidder emerged.
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Isis sells Reed & Mackay stake
The Manchester office of Isis Equity Partners, on behalf of the Baronsmead VCTs, has sold travel management business Reed & Mackay. Private equity firm ECI Partners has acquired a stake in Reed & Mackay, with Isis reinvesting on behalf of its institutional clients.
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Incom eyes deals market
Manchester telecoms provider Incom Business Systems is on the hunt for acquisitions after securing a string of contract wins.
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Business
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Rice calls for enterprise zone extension
The chief executive of Liverpool Commercial District Partnership (CDP) has welcomed calls to include the area in the city’s new enterprise zone. Paul Rice said the zone should be extended beyond Wirral and Liverpool Waters to include sites such as Pall Mall and Old Hall Street.
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Future UK investment is at risk – CBI
International investment in the UK is being threatened by regulations and planning constraints, the Confederation of British Industry (CBI) has warned.
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Lancashire warehousing business goes bust
Warehousing and logistics group East Lancashire Warehousing Company has gone into administration with the loss of 60 jobs.
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Property
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Castlefield hotel in for planning
Manchester architects’ firm Formroom has submitted plans for a new boutique hotel in the city’s Castlefield area. The project involves the refurbishment of two Grade II-listed buildings with a new build extension opposite the Museum of Science and Industry on Liverpool Road.
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St Modwen buys £4m Farnworth precinct
St Modwen has expanded its North West portfolio with the £4m acquisition of The Market Precinct in Farnworth, near Bolton.
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Colliers brings Bolton hotel to market
The Pack Horse Hotel in Bolton is being offered for sale by the Manchester office of Colliers International.
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Other News
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Fraud in public sector surges as cuts bite
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Panel in place for Middle East breakfast
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Merseyside Innovation Awards – get your entries in
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