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
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
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
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
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
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
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
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
Small and medium-sized business in the UK is improving, according to new results published in The Chartered Institute of Marketing’s (CIM) Marketing Trends Survey 2010.
The annual report, which is conducted by research giant Ipsos MORI on behalf of the Institute, found that small and medium-sized businesses in the UK are the most optimistic about business growth over the coming year. More than half of respondents were convinced tha... Continue Reading
Project New Bank, which is being set up by City grandees Lord Levene and Sir David Walker, aims to put high street bank managers back at the heart of lending decisions.
Poised to launch soon, the bank will give local branches the power to make their own decisions on lending to small business and individual borrowers. By making decisions at a local level, it will be able to keep risks low, confining any failures rather than feeling t... Continue Reading
One of West Yorkshire's most prominent micro brewers has bought up its first premises, taking ownership of the freehold of a Wakesfield pub from the Scottish and Newcastle Pub Company.
Great Heck Brewing, which was founded in 2008 by Denzil Vallance and Jason Hall, has bought O'Donaghue's pub in the West Yorkshire town for and undisclosed sum. The pub was originally for sale for an asking price of £175,000
Continue Reading
Sandwell's most famous restaurant, Jonathans in Oldbury, went into administration in October last year but is about to reopen as the four-star Accor All Seasons Hotel.
In its previous guise, the business was well loved for its traditional English cooking, attracting 300 visitors a week to the three-star, 45-bedroom hotel.
It underwent a multi-million-pound revamp in a bid to start attracting a new wave of customer... Continue Reading
Following two years of steep falls, the number of new business registrations has begun to rise once more.
Recent research by Companies House has revealed that new company registrations rose by 10 per cent to 362,317 during the 12 months to March this year.
These figures, in such stark contrast to those recorded during 2007/08 and 2008/09 - when new registrations fell by 17 per cent and 11 per cent respectively - hint a... Continue Reading
It is expected that today’s budget will boost small enterprise with the government pledging ‘help for business that doesn’t stifle investment.’
A plan to increase lending from banks to businesses is also expected, coupled with a five-year plan that will reform corporation tax.
George Osborne’s plans to increase bank lending to small and medium sized businesses was described last week by Vince Cable as a ‘key ... Continue Reading
A five-star Scottish hotel frequented by the stars is up for sale following the collapse of its parent group.
The prestigious Glasshouse Hotel in Edinburgh - which has welcomed celebrities such as Kylie Minogue, Annie Lennox and Meryl Streep - is on the market after the Eton Collection Group collapsed.
The glitzy Edinburgh hotel, which opened in 2003, and four other hotels owned by the group are now looking for new owner... 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