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Top story

Manchester ‘family’ set for shake up

The Manchester ‘family’ of organisations – which includes inward investment agency Midas, the Commission for the New Economy and Marketing Manchester – is set to be restructured following a £4m cut in public sector funding.

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Deals

AppSense secures £43m investment

Warrington software company AppSense has secured a £43m investment from global investment bank Goldman Sachs. The company, based in Daresbury, said the investment would help to expand its product range and help it to venture into new markets like Asia and South America.

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Textile company rescued from administration

Managers at Ashton-under-Lyne textile business B&A Quilting have paid £175,000 to buy the company out of administration. The company hit financial problems last year, forcing it to cut its workforce from 140 to 45.

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BVCA calls for ‘venture czar’

The BVCA has called on the government to appoint a ‘venture czar’ to champion the venture capital industry and encourage private sector investment in the next generation of UK companies.

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Business

RSM Tenon posts revenue rise

Accountancy firm RSM Tenon has reported a 65 per cent rise in revenues to £121m in the second half of 2010. Adjusted operating profit reached £13.5m in the six month period, compared with £8.8m in the same period the previous year.

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Ten businesses up for tourism awards

Ten tourism businesses in the North West have been shortlisted for the annual Enjoy England Awards for Excellence – the most nominations the region has ever secured.

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Wilson Field expands into Manchester

Sheffield-based insolvency specialist Wilson Field has opened an office in Manchester. The business has moved into the North West city's Spinningfields district after reporting "consistent growth and financial success".

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The Top 500 Companies marketing database

Looking to source new clients? Insider’s North West Top 500 Companies 2011 database is our accurate and comprehensive business marketing list, providing you with the strongest contacts for the region’s biggest companies. Order now and receive a 20 per cent discount or request a free sample now (offer expires 31 August).

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Property

Original Factory Shop set for major expansion

Barnfield Construction has secured a deal to build a 100,000 sq ft extension to The Original Factory Shop’s headquarters in Burnley. The design and build contract, due to be carried out over the next five months, will nearly double the company’s head office space on the Orient Business Park.

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Morgan Sindall hails Muse performance

Construction and regeneration giant Morgan Sindall has posted a 9 per cent fall in annual pre-tax profit but hailed the performance of Salford Quays-headquartered subsidiary Muse Developments.

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First 2011 deal for 20 Chapel Street

Plexus Cotton has taken 6,000 sq ft at Liverpool’s 20 Chapel Street office scheme. The company, founded in 1990, operates a global network of partnerships involved in farming, warehousing, logistics and marketing operations.

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Other News

Orbit completes Park Square refurb

Watch out for green fraud, warns PwC

North West Fund signs up as BPS sponsor

Community

In Focus: Inside Job - Wall Street Blues

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A new feature length documentary film about the financial crisis makes for compelling viewing. Michael Taylor asks what lessons it has for us all

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Dealmakers Wrap: 2011 – the year ahead for dealmaking

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Gary Tipper, the managing partner of Palatine Private Equity and winner of the Private Equity Team of the Year at last year's North West Insider Dealmakers Awards, believes there are still good investment prospects in the marketplace despite economic uncertainty.

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Boost your client base – Request a free Insider Membership Pack

Image Description HereOur Insider Membership Club offers fantastic benefits for anyone doing business in the UK regions. Valuable sales leads, vital information, networking opportunities, competitor analysis and much, much more. We give you what you cannot afford not to know. Request your free Membership pack now.

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Advice
View all properties Property of the Week

Your questions answered - Finalising the sale & transferring ownership

Selling your business expert

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Stephen Attree, partner at Lawson Coppock & Hart and Insider Selling your Business expert, has been answering your questions. In this question, he addresses how long you should expect the sale to take and what to expect in warranties.

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