Small businesses are still be haunted by poor lending rates from banks, recent figures have revealed.
The data, released by the Bank of England, showed that bank lending to British businesses fell at the fastest pace in almost two years in February.
The Trends in Lending report confirmed that lending from building societies and banks fell by £4 billion, which was the biggest drop since March 2010 when lending dropped by... Continue Reading
Two Santander bank branches are to be closed down and the premises put on the market later this year.
The high street premises in Carlisle are expected to close by the middle of June as part of a company review that will see a total of 56 branches shut down.
Once the locations are out of service, the 1,720 sq ft of basement and ground-floor retail space will be sold for an asking price of £700,000, according to reports ... Continue Reading
Yorkshire's most haunted pub is for sale after its owners decided to put the venue on the market.
The Busby Stoop near Thirsk is being sold by Enterprise Inns for £200,000, according to reports from Thirsk First. The pub is on the market "without any covenants or restrictions in place", meaning that its new owners could enjoy some freedom in deciding what to do with the property.
Karen Rowley, the pub landlady who ... Continue Reading
Networking has almost become a cliché in terms of small business advice. But entrepreneurs and business owners still attest to its importance.
Proof of its success can be seen in the data from Business Network International (BNI), which has reported that business secured through peer-to-peer referrals has risen by 45 per cent since before the financial crisis.
Figure from the BNI, reported by the Telegraph, confirmed t... Continue Reading
Small businesses are gearing up for a busy summer with preparations for the Olympic Games well underway.
The Games are expected to provide a boost to the British economy but there will also be significant levels of disruption around London in particular, which will be a major risk for small businesses that are caught out.
Fortunately, it looks like companies are taking precautions with many making plans to allow their em... Continue Reading
The historic Mansion House in Penrith is up for sale as Eden District Council looks to raise funds for its public service site project.
Dating back to 1750, the property was initially purchased by Penrith Rural District Council in 1919 and later inherited by Eden District Council. However, the sale of the site could see the Georgian property developed into a luxury hotel or a set of apartments.
Walton Goodland, a commerc... Continue Reading
A popular Essex pub has found new owners and looks set to once again provide a meeting place for locals.
The Coach and Horses freehouse in Wicken Bonhunt, near Saffron Walden, was sold to Sergio Manini and Ananta Limsuwat through Christie & Co. The quoted guide price was £375,000, according to the Saffron Walden Reporter, but the exact sale price is unknown.
The buyers are experienced pub operators and are expected to m... Continue Reading
Staff at the Gloucester Ski and Snowboard Centre are looking to raise funds to purchase the venue after the seller experienced difficulties selling on the open market.
The centre was put up for sale by Ramada Jarvis back in 2010, but it failed to find a buyer. Ramada later went into liquidation in 2011 and the location was taken over by Jupiter Hotels Ltd.
Now the ski centre is back on the market and the staff want to r... Continue Reading
The Manor Hotel in Mundesley is on the market after the company leasing the property fell into liquidation.
Priced at £845,000, the property is for sale through specialist agents Fleurets and is being sold by its owner Terry Burch who had previously leased the property out.
Mr Burch has been running the hotel himself for some time but he told EDP 24 that he had bough it as an investment rather than a hotel to run himsel... Continue Reading
Cemex Angling is to sell its venues around the UK, it has been revealed. The firm is one of the most highly respected commercial angling organisations in the UK, but this will be its last season of operation, with its venues scheduled to be put on the open market in early May of this year.
Locations around Essex, Buckinghamshire, Surrey and Berkshire are up for sale either as lots or individual venues depending on buyers' intere... Continue Reading
A guesthouse in North Devon is on the market due to orders from the bank that provides the owner's mortgage.
The Merlin Court Hotel has previously received help from TV show The Hotel Inspector, with hotel guru Alex Polizzi guiding the owners towards a more positive business direction.
The assistance helped the guesthouse secure around £20,000 worth of bookings for this summer alone, but the Shears family who own t... Continue Reading
A pub described as being a 'picture postcard' building is for sale in Corscombe at an auction.
The Fox Inn is to go on the market at a freehold guide price between £275,000 and £350,000 as one of 30 West Country lots to be sold by land and property auctioneers Clive Emson.
Included in the lot is a sunken garden, two sizeable car parks and owner's accommodation. The sale price is also expected to reflect ... Continue Reading
The government looks set to consider changes to the way in which small business loans are handled.
Last week, a £20 billion scheme was launched to guarantee bank lending to small businesses and lower the cost of borrowing. However, further changes are now being looked into after business groups criticised the coalition for not going far enough with its National Loan Guarantee Scheme.
It is now considering launching a ma... Continue Reading
An ice cream shop is on the market in Whitstable, Kent, along with a local beach hut and a fisherman's cottage.
The package lot is being offered for £675,000 as the current owner – 57-year-old Steve Graham – believes it would be a shame to break up the idyllic seaside life he has built for himself.
Sundae Sundae, the business at the heart of the sale, is a popular ice cream shop and a sweet shop. It also sells ... Continue Reading
The most remote pub on the British mainland is up for sale at a reduced price following difficulties in finding a buyer.
The Old Forge on the Knoydart Peninsula in Scotland has been on the market for around two years. Now, its owners have slashed the price by nearly £150,000, inviting offers over £645,000 from would-be landlords.
Popular with hikers, the pub can only be reached by boat or on foot. There is a water taxi... Continue Reading
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