Towergate Healthcare has acquired independent financial advice company Origen's healthcare business for an undisclosed sum.
The deal will see Towergate picking up Origen's private medical insurance business and the two firms have agreed a 'strategic partnership' which will see Towergate providing healthcare services to clients of Origen.
Whilst the exact terms of the sale have been kept quiet, Origen ... Continue Reading
Eighty-one per cent of buyers believe that now is a suitable time to snap up commercial interests.
According to new research from BusinessesForSale.com, the vast majority of stakeholders, including speculators, business owners and agents, were convinced it was the right time to carry out business transactions including acquisitions.
Forty-nine per cent of those questioned in the survey cited possible bargain prices as ... Continue Reading
Following the administration of The Lighthouse Pub Company, three West Yorkshire-based pubs have been put onto the market.
Administrators BDO have instructed specialist property consultancy Colliers International to sell the pubs, with interested parties being asked to make their final and best offers as soon as possible.
One of the pubs to go onto the market is The Bridge on Manchester Road in Longroyd Bridge, with co... Continue Reading
A buyer is urgently being sought for an in-demand medical device firm in liquidation, after those handling the process said that robust new processes can easily allow it to turn profit.
PWB Health, which created the Breastlight device - which allows women to thoroughly check for breast lumps - was put into administration after the volume of orders it received with a low margin, crippled its finances.
Matt Henderson, a ... Continue Reading
Irish household goods and electrical chain Gatenby has fallen into administration after being hit by difficult trading conditions.
The family-run group, which ran six shops across County Durham, including three in Coxhoe, Crook and Wheatley Hill, was already on its second life. It was on the brink of administration in 2007 when its accountant was jailed for gambling £353,733 of Gatenby's money. Fiona Dove was jailed but was on... Continue Reading
Car dealership Lyles of Newcastle has been put up for sale by its owner, who is retiring.
The firm, based on the West Road in Newcastle, is one of the oldest independent car dealerships in the North East, with more than 70 years of business under its belt.
Owner Brian Lyle took over the firm from his father William in the early 1980s and currently employs ten members of staff.
William Lyle originally start... Continue Reading
A landmark hotel in North Wales could be sold by Christmas, after renewed interest from a potential buyer, its estate agents have said.
The Deganwy Castle Hotel, in Deganwy, near Llandudno, closed in January after it became economically unviable and was put up for sale with a price tag of £1 million.
Savill’s Estate Agents, who are managing its sale, have sought to quash rumours circulating in the surrounding commun... Continue Reading
The number of pubs, restaurants and hotels that have been sold over the last six months has jumped by 189 per cent, according to property agents Christie & Co.
The number of distressed hotel businesses sold over that period has increased by 88 per cent compared to the same period last year. Also recording a dramatic increase was the distressed restaurant sale sector, which notched up a 67 per cent rise.
Steve Rodell, he... Continue Reading
The government has announced its intentions to create an 'entrepreneurial decade,' in which it will be made easier for small firms to do business.
A series of measures aimed at assisting small businesses were announced at a summit attended by Business Secretary Vince Cable, Business Minister Mark Prisk, Cabinet Office Minister Francis Maude and Lord Young, who has been appointed the new enterprise tsar.
Young ... Continue Reading
A Scottish aristocrat said he was stunned to find his estate and equestrian centre advertised for sale for £16.5 million.
Lord Rowallan said the Rowallan Activity Centre on the outskirts of Kilmarnock was definitely not for sale, despite two detailed adverts on the property sites Zoopla and Rightmove.
The 62-year-old peer, otherwise known as Johnny Corbett, runs the business with his wife, Claire. On being told that i... Continue Reading
Three hundred and thirty-three establishments are to be put onto the market by pub and restaurant operator Mitchells & Butlers.
Following a vote by shareholders at a general meeting held at the Institution of Engineering and Technology in Savoy Place, London, Mitchells & Butlers announced that the pubs and certain associated assets are to be sold to Stonegate Pub Company Ltd.
The vote was overwhelmingly in favour of th... Continue Reading
The administrators of a Lancashire-based furniture business are desperately seeking buyers for the buildings and attached land.
The 160-year-old furniture making business, HJ Berry, specialised in using native, mainly locally grown timber for its chairs and won awards for its environmentally-friendly approach.
The firm, which was based in the small village of Chipping, fell into administration in February of this year. ... Continue Reading
Plymouth City Council has put its civic centre up for sale due to the prohibitive costs involved in its restoration and maintenance.
The 15-storey paradigm of 1960s architecture was listed in 2007, but is, according to the council, "seriously corroded" and in need of major structural work. The council had attempted to have it demolished three years ago, but a campaign by the Twentieth Century Society thwarted those plans by managing... Continue Reading
Prior to the unveiling of the long awaited spending review today, almost a fifth of small businesses said they were pessimistic about the future due to the feared impact of the spending cuts.
The Forum of Private Business (FPB) released a survey of its members showing that many of them were extremely concerned about the review's impact on their businesses – a rise from 10 per cent who reported the same feelings in July.
... Continue Reading
GuideStar Data Services CIC has fallen into administration, just seven months after it was assimilated into the Directory of Social Change.
The community interest company, which was established to sell pools of data gathered from the GuideStar website, has had ongoing financial problems for some time and finally admitted defeat and placed itself into administration last week.
The Data Service's database comprised mo... Continue Reading
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