|
 |
| Home | Products & Services | Shop | Subscriptions |
Liverpool manufacturing business Merseyside Metalworks has undergone a management buyout, backed by a £875,000 funding package from Alliance Fund Managers through the MSIF Mezzanine Fund and The Royal Bank of Scotland. The deal allows Jim Galvin, Carl Farrington and Mark Horrigan to take over the 30-year-old business from exiting managing director Stuart Howard. Merseyside Metalworks manufactures and installs specialist ductwork for use in heating and ventilation systems, employing 120 full-time staff and around a further 60 agency staff. 
Making a packet Chester-based Lendlock Group, a leading manufacturer in the plastic packaging market, is set to undergo a multimillion-pound expansion following the acquisition of Hull-based rival the Nekem Partnership. The move increases Lendlock's headcount to 250 at sites in Bootle, Chester, Burnley, Dorset and Hull and strengthens its position in the UK and Chinese packaging market. Funding for the deal was provided by Alliance & Leicester's Merseyside Business Centre.
Proventec, the Liverpool specialist in steam-cleaning hospital wards, has reported profits of £1.34m. The company's Osprey Deep Clean technology can clear an area of germs and bacteria without using chemicals and has seen interest rise as legislative pressures and performance targets build in the medical sector. The company is led by David Chestnutt, a former PKF accountant and finance director at Liverpool Football Club. In January it won a 14-month tender for the sole provision of specialist steam cleaning equipment to the NHS.
Inflation the main concern for Liverpool businesses Rising inflation is the number one business concern for Liverpool companies, according to the Chamber of Commerce's Quarter Two Economic Survey. The study found that 65 per cent of the city's businesses are more concerned about price rises than three months ago. "There is clear evidence that the trading environment is very tough with half of the companies who responded having to face rising raw material and overhead costs and a general slowdown in new orders and sales," said Chamber director Brian McCann. However, the survey also found that 33 per cent of businesses have reported a growth in employment for the period, compared to 13 per cent reducing jobs.
Sivy gets savvy Radisson SAS Liverpool has named Peter Sivy as its new director of operations to drive forward the hotel's Filini restaurant brand. He moves from sister hotel Radisson SAS London Stansted Airport where he was food and beverage manager for four years. He has ten years' experience in the hospitality industry.
Recession looms say directors, but is the pessimism real? In a fresh sign that the UK is heading for a recession, business optimism is at the lowest level for more than a decade according to a survey released by the Institute of Directors (IoD). The latest quarterly Business Opinion Survey shows that the proportion of company directors more versus less optimistic about their company's prospects fell to -25 per cent in the latest survey, from -17 per cent previously. IoD chief economist Graeme Leach said, although current trading remained relatively healthy, directors were increasingly fearful about the future. "There are real difficulties in interpreting business confidence at present because there is a record gap between actual performance and future perceptions. How much of the pessimism is real and how much is imagined?" he said.
Peel Holdings has said that plans for the North Bank area of Birkenhead Docks, the first stage in its £4bn Wirral Waters scheme, will be lodged with Wirral's planners by this autumn. Peel, which owns five buildings in the North Bank area, will undertake a major consultation exercise on the wider project. This stage will add to the already renovated corn warehouse with residential developments, shops and a 10,000 sq ft to 15,000 sq ft food store as Peel seeks to build the first parts of a community as it did in Salford Quays in the 1980s.
BRC backs reform bid The British Retail Consortium (BRC) has welcomed support from Sir Philip Green and Carpetright chairman Lord Harris in its calls for the retail rents reform it hopes can reignite a flatlining market. The BRC has been campaigning for two years to get commercial landlords to accept rents monthly rather than quarterly in advance and has had some success, but believes the practice is costing retailers £145m a year. BRC director general Stephen Robertson said: "Today's tough trading conditions mean the impact of quarterly leases still out there is that much greater. Retailers are battling rising costs in order to keep shop prices and overall inflation down and requiring rents three months in advance is at odds with standard business practice."
|
Subscribe or Unsubscribe To subscribe or unsubscribe to the eBulletin, click here.
|
| © Copyright 2008 Newsco Insider Limited | Privacy Policy |
|
Newsco Insider Limited - Registered in England and Wales with Number 02709518. Registered Office: Boulton House, 17-21 Chorlton Street, Manchester. M1 3HY |