Coventry-based CJ Haughey Construction, the groundworks contractor, has fallen into administration, citing 'over-ambition' as the reason for its demise.
Founded 11 years ago by Chris Haughey, the firm has blamed the taking on of a £17 million contract at Pembroke Power Station for the administration, calling it a 'bridge too far.'
Haughey said, “Our targets were in hindsight probably too ambitious... Continue Reading
There are around 20 potential buyers interested in the Odeon cinema on Clark Street in Edinburgh, according to reports in The Scotsman Newspaper.
The Grade-B listed building has been on sale since 5 January and the sales agency, Montagu Evans, says the interest has mostly been from leisure developers.
The agency stated, "It really is a bit of a mixed bag. I think it's safe to say the interest is not really for offic... Continue Reading
Research from Fleurets, the pub property experts, has revealed that the price of pubs across the country has fallen by 40 per cent since the 2007 market peak.
Due to the financial climate, which has affected the entire property market and caused drinkers to stay at home, pub values have been slashed by almost half.
The pub sector is also facing further issues, including the smoking ban and large discounts by supermarke... Continue Reading
Tate & Lyle has announced the sale of its molasses business, meaning the multinational agribusiness will cut all ties with Liverpool.
The £67 million sale of the business - to W&R Barnett, the Northern-Ireland based grain trader - will go some way towards reducing Tate & Lyle's net debt.
The molasses arm was the final Tate & Lyle operation to have a base in Merseyside, which was where the business first began in 1... Continue Reading
The Elmfield Business Park near Leeds has been sold in a deal that is said to be in the region of £1.25 million.
The new owners of the Garforth unit are Huddersfield-based Royds Properties, who finalised their purchase of the establishment from previous owners, Valad (Equity Partnerships Osprey), on Thursday.
Valad was represented in the deal by the Leeds office of international property consultancy, Knight Frank. The... Continue Reading
One of Edinburgh's top hotels has been put up for sale following a decision by its owner that it no longer fits with its 'long-term trading strategy.'
The Hudson Hotel in Hope Street has come onto the market just four years after it was fully renovated at a cost of £7 million. Owner Festival Inns has put a price tag of offers over £4.45 million onto the American-style 'boutique' hotel, which contains the Ba... Continue Reading
A pub and restaurant management business has announced it is to sell off some of its portfolio, first putting four pubs in West Yorkshire on the market.
Chennell and Armstrong have decided to put the pubs up for sale, following a decision to reduce day-to-day operations in light of the retirement of its commercial director.
Amongst the pubs up for sale include two in Wharfedale - Whitakers, in Kirkgate, Otley and the S... Continue Reading
An award-winning hotel in the trendy East End enclave of Shoreditch has been put up for sale with a price tag of £67.5 million.
The Hoxton Hotel has made an indelible mark on the London hotel scene since it was first launched in 2006 by Sinclair Beecham, one of the men behind sandwich chain, Pret A Manger.
The industrial-style aesthetics and design of the hotel, and modernist appeal have combined with an innovative mar... Continue Reading
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
For just £30 your business for sale will feature at the top of and in the sidebar on business for sale pages, making your business stand out from the crowd