Nearly one in ten small- and medium-sized enterprises fear that they could go out of business within the next few months if trading conditions do not get better, according to a new report. The news represents increasing opportunities for business buyers to snap up distressed business deals.
The latest publication of the SME Pulse report, compiled every six months by insurance firm Aviva, showed that nine per cent of the businesses su... Continue Reading
Online retail businesses have soared since the official end of the recession, with more that 3,500 online start ups achieving sales of more than £100,000.
Figures put together by original internet auction site, eBay, show that more than 24,000 new businesses registered on eBay UK last year, marking a 38 per cent rise in registrations than the year before. The figures marked an even more stark contrast with the figures from 2007 when... Continue Reading
An energy price comparison tool specifically for small businesses has been launched.
uSwitchforbusiness, an independent business energy broker, revealed the service this week. It is the first of its kind for small businesses and aims to offer a similar level of price transparency as currently enjoyed by consumers.
It functions in a similar way to household comparison sites. Users enter their information, including their ... Continue Reading
Small businesses look set to benefit from the launch of a mentoring scheme, launched by the UK’s leading high street banks.
HSBC, Lloyds Banking Group, Barclays, Royal Bank of Scotland and Santander are all taking part in scheme, which is specifically designed to help small businesses with finance issues. The Business Finance Taskforce established the idea last summer in a bid to provide firms with more support on marketing and HR,... Continue Reading
A top-brand independent butcher shop in Sheffield has been put up for sale, following its long-term meat man's decision to retire.
Roy McKenna has decided to put the Bridge Farm Shop on Montrose Road, Carterknowle up for sale after 22 years of owning it, having first bought it for just £20,000. The building has been a popular landmark in the area ever since, establishing roaring return trade from local individuals and business... Continue Reading
The former Crown Post Office in Carlisle is on the verge of being sold to developers who have plans to transform it into a four-star hotel, apartments, offices or accommodation for students.
The Warwick Road building has presented an excellent opportunity for development since it closed as a post office in 2008 and was subsequently put on the market in 2009, for an asking price of £750,000.
Local businessmen, Simon Harr... Continue Reading
An auction of distressed commercial property in Belfast is being planned for September, in a bid to replicate the multi-million euro success of a similar sale held in Dublin earlier this year.
The auction is being organised by commercial property agent Osborne King, who said that is was going to be a 'bold' move, but they said that "the time is right".
The company's managing director, Martin McDowell, sai... Continue Reading
Small firms are set to fuel the revival of the British business landscape, according to a new report from HSBC Commercial Banking.
The survey predicted that smaller businesses will play a large part in kicking off a resurgence in manufacturing, with goods that are made in Britain enjoying a strong comeback.
Entrepreneurs were also listed as being of huge importance to the improvement of the country’s business sector, ... Continue Reading
Small manufacturing companies in the UK have said they are finding it easier to access bank credit and loans for the first time since the recession, according to manufacturing industry body, EEF.
A survey carried out by EEF showed that the same proportion of small companies reported a rise in credit availability as reported a fall in April and May, marking a significant improvement on the previous two months, when the same survey mea... Continue Reading
Colchester Council is mounting a search for entrepreneurial buyers for a plot of land near the A12, as part of its efforts to create jobs and generate income in the borough.
The council is hoping that any buyer of the land, which is listed for employment use, will transform it into a leisure development, perhaps containing a cinema, restaurants or a hotel. The local councillor responsible for resources, Paul Smith, said the land cou... Continue Reading
Twelve high street restaurants have been put up for sale by restaurant company Tragus, after it was decided that they were surplus to the company's business plan.
The twelve restaurants comprise branches under the company's well-known brands including, Strada, Bella Italia, Café Rouge and Ortega. The sale is being handled by property agency Fleurets.
A spokesman for Fleurets said that they had been given the... Continue Reading
People in Aldershot are rallying around to try to find a buyer for their local pub, which they fear could be sold to developers and knocked down.
The locals are trying to save the popular Railway Tavern in Grosvenor Road, stating that the loss of the 100-year-old pub would strike a blow at the very heart of the community.
The successful pub is part of the portfolio of taverns being sold off by hospitality giant Admiral ... Continue Reading
A Sussex shop that claims to boast the world's largest collection of Winnie-the-Pooh memorabilia has been put up for sale by its retiring owners.
Pooh Corner, in Hartfield, is being marketed as having the potential to be a "major tourist destination", and features a gift shop, tea rooms with a garden and a holiday apartment. Owners, Mike and June Ridley, said that in the hands of the right people, the shop could be turned into ... Continue Reading
A flurry of interest has already been expressed in a long-shut night club in the Staffordshire, after it was finally put up for sale by its owners.
Offers are being invited for the three-story premises that used to house Maxims nightclub on Lower Street in Newcastle-Under-Lyme. The building has been the target of town centre transformation efforts by Newcastle Borough Council for a number of years, but it is only now that the proper... Continue Reading
A Carlisle business opportunity - in the form of a boarded-up but structurally sound pub - has been put on the market with a guide price of £100,000.
The Globe Inn, on Caldewgate's Bridge Street, is being marketed with strong potential for being reopened as a welcome addition to the area.
The property has only been standing empty since December last year, and local residents have expresses enthusiasm for someone t... Continue Reading
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