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

Buyer sought for Scunthorpe car business

A car maintenance business in Scunthorpe has gone into administration and a buyer is being sought to take on the business as a going concern.

The In 'n' Out facility in Doncaster Road shut its doors after its Northamptonshire-based owner In 'n' Out Services Limited went into administration last Thursday. Six people have lost their jobs.

The firm has also also closed its branch in Derby, which joined... Continue Reading

Foundation Inns put two of its six pubs up for sale

Despite revealing a rise in annual turnover of almost 24 per cent, pub owner Foundation Inns is planning to sell two of its six pubs.

The company, which was set up in 2007, reported a turnover of £2.6 million for the year to 27 March 2010, while it made a pre-tax loss of almost £540,000, down from £1.75 million in the previous year.

However, these losses were recorded during a period when some of the firm's pubs... Continue Reading

Number of insolvencies in pub industry falls

New figures have revealed that the number of insolvencies in the pub industry fell in the second quarter of 2010.

The research, released by insolvency firm Baker Tilly Restructuring and Recovery, show that just 115 pubs were declared insolvent during the second three months of the year, compared to 124 in the first quarter.

As fewer pubs are collapsing, production rates look more likely to remain consistent – news tha... Continue Reading

Dog grooming business up for sale

A successful independent dog grooming business in the beautiful, rural surroundings of North Ayrshire, Scotland, has been put onto the market.

The well-known company, which has been in operation for more than 20 years, has a substantial and long established clientele of pampered pooches.

Situated in the convenient premises of a busy town centre veterinary practice, the dog grooming business can also offer the benefit of... Continue Reading

Birmingham pub chain puts four premises up for sale

The popular Birmingham-based pub group, Penn Street Taverns, has announced plans to sell four of its freehold pubs across the West Midlands.

The chain has taken on agent, Christie + Co, to deal with the sales. The pubs it is intending to off-load are the Hampton in Hockley, the Midland and the Beau Brummie, as well as the Bush pub in Wednesday.

The chain has gained a reputation for its premises in the Midlands, operati... Continue Reading

Former Odeon building up for grabs

A former Odeon cinema building in Edinburgh is to be put onto the market for a three-month period at the end of this summer.

Developer Duddingston House Properties, (DHP) which owns the building, has been prevented from demolishing it to build a hotel by its current 'listed' status, so has decided to give another developer the chance to find an alternative use for it.

While they have full planning permission ... Continue Reading

Deadline set for Liverpool FC takeover bid

Former Wall Street stockbroker Kenny Huang has set a 10-day deadline on behalf of an unnamed group, for Liverpool FC to accept their takeover bid.

Mr Huang opened talks with the football club's primary lender, the Royal Bank of Scotland, last weekend. There is speculation that the group he is working on behalf of is the China Investment Corporation. The talks have already included discussions with the club's non-executive c... Continue Reading

Buying pubs in north-east becoming increasingly popular

Hospitality industry observers are noticing a growing number of people snapping up bargain pub businesses in the north-east of England.

Stephen Taylor, managing director at specialist pub estate agent, Guy Simmonds, said he believes the noticeable increase in buyer interest from the south of the country stems from the excellent value for money to be found, as well as increasing the desirability of areas including Newcastle and the N... Continue Reading

Small businesses hit by pension cap shock

Retirement plans for millions of small business owners could be ruined following news that the government has proposed capping pension contributions in the year they retire.

If the proposals go ahead, annual contributions will be capped at between £30,000 and £45,000 a year, as opposed to the current £255,000. However, plans to restrict tax relief for the very highest earners, suggested by the previous government, would also be s... Continue Reading

Small business finance problems investigated

A new initiative has been launched to get banks and financial institutions lending to small businesses again.

As a result of organisations pointing out that finding finance for small firms was 'vital to reinvigorating the economy,' business secretary Vince Cable and chancellor George Osborne have launched the 'Financing a Private Sector Recovery' paper, in a bid to get lending moving and to encourage investment. ... Continue Reading

Motherwell hotel goes into administration

Dalziel Park and Conference Centre in Motherwell has entered administration due to its failure to satisfy creditors.

The hotel and conference centre has four conference suites, as well as wedding facilities and a golf course. It is currently owned by Mario Rea and is a popular venue for weddings in the area.

It is now in the hands of KPMG, who have confirmed that Dalziel Park will operate under their control whilst a buy... Continue Reading

Cornish holiday cottage business seeks buyer

Glynn Barton, a leading holiday cottage business near Bodmin in Cornwall, has come to the market for offers in excess of £2,500,000 through Chesterton Humberts.

The business, which specialises in holidays for families with young children, is set in a beautiful elevated position with panoramic valley views, equidistant between the south and north Cornish coastlines. It was named ‘Best for small children' in The Times newspape... Continue Reading

Chancellor commission small business tax reform body

George Osborne has commissioned a new project aimed at simplifying or scrapping the complex tax laws faced by small businesses.

He has enlisted top accountants Michael Jack and John Whiting to spearhead the Office for Tax Simplification (OTS), and charged them to produce a report by the autumn detailing the reliefs, exemptions and allowances that could be streamlined.

A second report will be produced before the next Bu... Continue Reading

Eminent Newmarket restaurant seeking buyer

A buyer is being sought for one of the most celebrated pub restaurants in Newmarket after the long-term landlady decided to call it a day.

The Star at Lidgate has attracted a clientele that has included Prince Harry, Lord Lloyd Webber and many famous faces in the horseracing industry, but Maria Teresa "Tere" Axon is calling time on her tenure at the establishment.

Mrs Axon's husband, Tony, said their first priorit... Continue Reading