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
The package of measures unveiled by the Business Finance Taskforce this week to help small firms with financing options from banks has been warmly welcomed by business leaders.
The seventeen proposals - which were drawn up by leading bank chiefs and the British Bankers Association - include new ideas that include a network of Dragons’ Den-style mentors and setting up a £1.5 billion Business Growth Fund.
The fund will ... Continue Reading
Allison House Hotel in Mayfield Gardens on the south side of Edinburgh has been put up for sale after its owners decided to retire.
The B-listed hotel forms part of an impressive Victorian terrace of town house properties and, whilst it has long been established as a private hotel, it currently trades on a bed and breakfast basis.
The 4-star accommodation, which was fully refurbished in 2007, comprises 11 bedrooms – a... Continue Reading
More than 1,300 of the 6,700 pubs owned by Punch Taverns are likely to be sold or closed over the next few years.
The pub owner's new boss, Ian Dyson, said the group had identified the pubs as having no 'long-term viability.'
Finance director Phil Dutton, said, “These pubs don't feel like they have a viable, sustainable profit level. Many of them are trading reasonably well today, but we feel their... Continue Reading
A Leeds law firm is building its international foothold for itself with the purchase of an established Spanish law firm.
In buying Madrid-based L&E Solución Legal and Empresarial, Irwin Mitchell is proving that expansion through the buying up of companies does not have to remain a domestic enterprise.
The new acquisition adds to the company's existing operations in Madrid and Malaga and will see L&E's team of... Continue Reading
Small businesses had much easier access to credit in the third quarter of this year, according to figures from the Bank of England.
From the survey of UK lenders, the Bank suggested that restrictions on borrowing are doing less to hamper companies than first thought. The survey showed more lenders reporting increased access to credit than a decline, giving a balance of 27 per cent, up from a balance of 13 per cent in second quarter, ... Continue Reading
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
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
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
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
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
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