The time is right for IT acquisitions

The recent flurry of major tech sector acquisitions is a sign of the benefits of counter-intuitive investment.

IT services firm Wipro's head of technology, Deepak Jain, has said that deals such as HP's buying of 3PAR and ArcSight, and Intel's purchase of McAfee, show that investing when you do not necessarily need to is perhaps the absolute best time to buy.

“We spoke to a large financial institution t... Continue Reading

Receiver puts three repossessed properties up for sale

Three properties in Belfast and Larne, which were repossessed by Anglo Irish Bank from a leading Northern Irish developer, have now been put up for sale.

In May of this year AIB appointed a receiver for the properties: two office blocks in Belfast and a Larne retail park, owned by Dungannon-based Jermon Developments.

The property in Larne is the Lahara retail park, totalling 63,000 sq ft and situated near the Lidl super... Continue Reading

TV chef puts Welsh restaurant up for sale

Matt Tebbutt, one of Wales’ best-known chefs, has put his restaurant, the Foxhunter, up for sale, with an asking price of almost £500,000.

The Grade-II listed building is the former stationmaster’s house, located in Nantyderry, Monmouthshire, in one of the most picturesque regions of South Wales. It has been renovated and boasts log-burning stoves and restored Welsh flagstone floors.

Mr Tebbutt has owned and run t... Continue Reading

Micro businesses boomed in the last five years

Nearly 400,000 companies are trading in the UK that run on staff of just one or two, a new set of research has found.

Information company, Experion, found that the number of these 'micro-companies has exploded in the last five years, having numbered just 140,000 in 2005. They have also been found to suffer the lowest insolvency rates and have the second healthiest financial score compared to other businesses.

The m... Continue Reading

Pub disposals on the rise

A Yorkshire-based auctioneer firm has predicted that more pubs will come onto the market as hospitality companies try to cut costs.

Auctioneers Mark Jenkinson & Son of South Yorkshire has reported that they are seeing ever increasing numbers of pubs being put up for sale as their owners try to save themselves some money.

Jenkinson's Adrian Little said, “Providing security and paying the rates on empty pubs cost... Continue Reading

Investing in Bricks and Bunk Beds


Fast-growing backpacker hostel company looking for investment to capitalise on current opportunity.

As we’re hit with the news that house prices have taken another turn for the worse and warned they could fall by another 10% by the end of next year there is an area of property investment that is booming during the downturn.

With food companies such as Subway and Pizza Hut thriving in the economic downtu... Continue Reading

Country home could make a perfect hotel

A sprawling West Sussex country home, known as 'the home of polo', is being sold for £25 million, with experts predicting that it will likely be turned into a country house hotel.

Cowdray Park House is 44,000 sq ft, with 13 bedrooms, indoor and outdoor swimming pools, wine cellars, tennis courts, 110-acre grounds and even a bowling alley.

The 19th century home is being sold by its current owner, Lord Cowdray... Continue Reading

Managed IT service provider hunts for buyer following administration

The Calyx Group, which supplies managed ICT services from branches in the UK and Ireland, is seeking a buyer after being placed into administration.

Calyx Group employs more than 500 staff based in the UK, Northern Ireland and Ireland. The UK and Northern Ireland sectors will be handled by joint administrators Geoff Rowley and Phil Armstrong, partners at FRP Advisory LLP. The Irish entities will be handled by Tom Kavanagh of Irish i... Continue Reading

Vacant hotel in London on the market for offers over £60m

Following administration, the 193-bedroom Berners hotel near Oxford Street in London, has been put up for sale, with an asking price of more than £60 million.

The property was previously owned by JJW Hotels & Resorts - which also owned the Eton Collection of seven boutique hotels - which was placed into administration earlier this year. KPMG's Jane Moriarty and James Tucker were appointed joint administrators of the hotel in A... Continue Reading

Villagers urged to chip in to buy local pub

The residents of a small Cumbrian village are being urged to all chip in to buy their local pub and save it from being consigned to history.

When the Lamplugh Tip, in the village of Lamplugh, near Cleator Moor, rang for its very last last orders at the beginning of August, villagers were devastated to see one of the last bastions of local rural life close.

Local man, Peter Maher, had said all is not lost, however. If t... Continue Reading

Gordon Ramsay pub put up for sale

Celebrity chef Gordon Ramsay has announced he is to sell The Warrington, a pub in north-west London that he has run since 2006.

The pub has been put onto the market following a decline in custom, following in the footsteps of another Ramsay owned pub, The Devonshire, in Chiswick, west London, which he shut a few weeks ago.

Ramsay paid £5.2 million for The Warrington four years ago and spent another £800,000 on refurbi... Continue Reading

Award-winning pub up for sale (on Ebay)

A community pub in Grizebeck, Cumbria, has been put onto the market on the auction website Ebay.

The Greyhound Inn won the Best Traditional Business award in the 2009 Countryside Alliance awards and was taken on by a committee of local people who were desperate to save the pub from closure.

But, 20 months on from the committee’s takeover, the pub’s future remains uncertain. The locals, all of whom were regular cust... Continue Reading

York hotels sold after business empire collapse

Two hotels in the portfolio of flamboyant businessman, David Hattersley, have been successfully sold in the wake of the collapse of his property empire last year.

Guy Fawkes and Marmadukes Hotel, both in York, have been sold for an undisclosed sum to one unidentified buyer. The sale was carried out by Colliers International, who had been enlisted for the task by joint administrators, Phil Pierce and Andrew Sheridan, of Baker Tilly R... Continue Reading

Burnside pubs and hotels up for sale following administration

Following the collapse into administration of Burnside (UK) and Burnside Inns last week, the pub and hotel businesses owned by the firms have been put up for sale.

The Plough Hotel in Stenhousemuir and the Graeme, a hotel bar and restaurant in Falkirk, are both owned and operated by Burnside (UK), while Burnside Inns Ltd owns and operates the Red Lion in Larbert, Stirlingshire.

All three businesses, which are available ... Continue Reading

18th Century Bristol pub desperate for buyer

A historic pub in Bristol is desperately seeking a buyer to save it from closure or being redeveloped into residential accommodation.

The 18th-Century Lamplighters pub in Shirehampton has been standing empty since the building was put up for sale in May by its owner, Enterprise Inns.

Originally Enterprise Inns had promised to renovate and reopen the pub and said a new landlord would be moved in, but decided to market i... Continue Reading