Winding up petition served on accountancy firm + MORE

The Rainmaker Awards – North West

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We understand the corporate finance community because we are the corporate finance community. We are proud of each other, but we’re not arrogant. We like to get together and we like to work together…

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A GROUP which has campaigned for the UK to vote to leave the European Union has said it will launch a legal challenge that could result in the referendum being put back until October 23.Leave.EU, the …

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Citation heads over the Irish Sea

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CITATION, the HR, employment law, health and safety and ISO provider, is expanding into Northern Ireland.The Wilmslow-headquartered company has opened an office now in Belfast and already recruited a …

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FORTIS Developments, which claims to be one of the UK’s fastest growing companies in its sector, is set to double its presence in Greater Manchester – taking the total value of schemes to …

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A WINDING UP petition has been brought against accountants Montpelier Professional.HM Revenue and Customs are creditors of the company, and are bringing the case against Montpelier which will be heard…

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Law firm acquires practice in neighbouring town + MORE

FLOWTECH  Fluidpower, the AIM-listed company which specialises in technical fluid power products, has seen operating profits increase 67% in its first full year as a listed company.The Skelmersdale-ba…

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THE rooftop restaurant and garden terrace at No 1 Spinningfields, which is under construction and will have spectacular views over Manchester, is to be operated by renowned London restaurant group D&D…

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FROZEN food specialist Iceland will open its new store format, The Food Warehouse, at Trafford Peel Retail Park soon, targeting families, bulk buyers, and those in the catering or hospitality business…

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BOLTON law firm KBL has taken over Blackburn legal practice Garricks LLP and itself become a limited liability practice.The move will bolster KBL LLP’s commercial offering with the arrival of Greg Ga…

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CHESHIRE-based pet products retailer Pets at Home has reversed its decision to appoint Graeme Jenkins as chief financial officer.The decision comes after Jenkins’ former employer Wesfarmers yesterday…

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Jolie good price of £1.6m invited for hotel + MORE

Research company hails 27% growth

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A MANCHESTER-based research company, which last October was named as one of the UK’s fastest growing businesses in the research and insight industry, has announced a year on year increase in rev…

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Maven behind £12m MBO at Westfield

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MANCHESTER-based Maven Capital Partners, one of the UK’s most active private equity houses, has led the management buyout of Westfield Medical which operates in Somerset, with a £12m funding pac…

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A HOTEL where movie star Angelina Jolie stayed during the filming of Tomb Raider 2 has been put up for sale with offers invited for about £1.6m.The Hollywood A-lister stayed at Seiont Manor Hotel at L…

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MANCHESTER Airport is celebrating after flying more passengers than ever in its 78-year history with 23.5 million people opting to use the North’s international gateway.Traffic numbers for March…

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UP to 19 jobs at structural steelworkers Severfield are being cut as it carries out measures to ensure “operational efficiency”.Six jobs are being axed in Dalton, at Severfield’s Wes…

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Pharmaceuticals firm buys Spanish lab for £5m + MORE

ANCHESTER-based live biotheraputics specialist 4D Pharma has acquired the production assets of a Spanish based contract research organisation for up to £4.85m.It has bought Biomar, which specialises i…

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THE chairman of struggling Four Seasons Health Care, the UK’s largest private care home operator, has stepped down.But the Wilmslow, Cheshire company has refuted reports that the resignation of …

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TECHNOLOGY group Azzurri Communications, based in Burnley, has been bought in a £48.5m deal by a stock market-listed group.Maintel Holdings will raise £24m on the Alternative Investment Market to part…

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TWO multi-million pound property deals have been struck for the city centre of Manchester with the acquisition of the former Bauer Millett car showrooms and the Piccadilly Place retail and office sche…

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FOR anyone who’s ever wondered what it must be like to travel like royalty, now’s your chance to find out.For all those Monarchists hankering after a slice of HRH’s lifestyle, one of…

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Oil and gas sector weakness still troubling polymer innovator + MORE

THREE companies have been shortlisted to take over routes spanning the North West, Midlands and South East when the current West Midlands rail franchise ends next year.Current operator London Midland,…

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LANCASHIRE-based Victrex, an innovator in high performance polymer solutions, is continuing to suffer as a result of the weaker oil and gas sectors.Its half year and pre-close trading statement ahead …

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THE chief executive of Co-operative Group has voluntarily taken a £500,000 pay cut.From July 1 Richard Pennycook’s base pay will be cut from £1.25m to £750,000.Long and short-term incentives will als…

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THE Co-op has today announced its annual results – showing it is maintaining steady progress after a year of heavy investment in the group.Group turnover has remained level at £9.3bn for 52 weeks endi…

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STRUGGLING print and website design firm Grafenia, which issued a profits warning in February, says trading conditions remain competitive amid continued aggressive pricing and promotions from its riva…

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Profits down at ServicePower + MORE

UNION leaders representing thousands of workers at Jaguar Land Rover have written to the car company’s parent Tata Group urging it to act responsibility in its disposal of its UK steel business….

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STYLES & Wood Group, the integrated property services and project delivery specialist, has trumpeted soaring pre-tax profits and impressive revenue growth.Profits for the year ending December 31 were …

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HSS Hire Group, which has the majority of its workforce based at Trafford Park in Manchester, is targeting £10m of cost savings in 2016 as it bids to steady the nerves of shareholders.Profits for the …

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Profits down at ServicePower

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MOBILE workforce software supplier ServicePower has reported a slight widening of full year losses but says it is on track for a sucessful 2016.Full year revenue increased by 2% to £13.m for the year …

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AN accountancy service owned by Seneca Group and aimed at contractors and freelancers has ambitious growth plans a year on from its launch.Bolton-headquartered Gorilla Accounting, which aims to provid…

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Cheshire IT firm in management buy-in + MORE

ACCOMMODATION hire company AV Group, based at Denton in Greater Manchester, has reported a record year for profit and growth. The company achieved an 18% increase in profit in the year to September 20…

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Airport numbers up 18%

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GROWTH in passenger numbers continued at Liverpool John Lennon Airport during March as passenger numbers rose by 18% compared to March 2015 – the highest March figures since 2011. More than 380,000 pa…

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TECHNOLOGY and software company MPD Group, home to Electio and MyParcel Delivery, has relocated to a new city centre office in Manchester.The company says the move from Trafford park to new offices in…

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Trafford tech finance firm plans IPO

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A TECHNOLOGY finance firm that helps small companies pay for expensive IT equipment is planning to list on the stock market later this year.Australian group ThinkSmart, whose market capitalisation sta…

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Cheshire IT firm in management buy-in

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CHESHIRE-based Delta Comtech has completed a management buy-in that will see the company target sales of £1.25m this year.The Macclesfield IT services firm employs 16 staff and is owned by Geoff Barra…

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Troubled past blamed for Co-op Bank's £600m losses + MORE

THE “legacy issues” faced by Co-operative Bank resulted in pre-tax losses of more than £600m last year but it insists that its turnaround plan is having an impact.The bank was plunged into crisis in 2…

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TRANPENNINE Express has from today taken over intercity rail operations in the North and Scotland as part of a £500m investment into services over the next seven years.TPE says the injection of fundin…

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ADMINSTRATORS have been called in to a Liverpool-based specialist in converting organic waste into renewable energy where 75 people are employed with cash flow problems cited as the major cause.Jason …

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AMBITIOUS plans for the £9m second phase of the acclaimed Riverside House development in Salford have been given the green light by city planners. Portergate Developments has got the go-ahead to creat…

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LISTED Cheshire bathroom giant Norcros has acquired a kitchen company in South Yorkshire in a £4.8m deal.Norcros has bought Abode Home Products, a privately-owned business held by managing director Da…

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Profits on the up for flooring supplier + MORE

SIX Mercure-branded hotels – including three in the North West – have been put up for sale.Specialist business property adviser Christie & Co is inviting offers for the properties “f…

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INTERNATIONAL floor coverings distributor James Halstead has delivered a 7.7% increase in pre-tax profits at £23m.In its half-year interim report for the period ended December 31, the AIM-listed compa…

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MANCHESTER-based live biotheraputics specialist 4D Pharma has made a pre-tax loss of £10.1m after completing a year of acquisition and Stock Market placings which have raised £64.8m.The company is at …

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THRIVING card payments provider Handepay is on course to recruit more than 70 new staff in 2016.The Haydock, Merseyside-based merchant services specialist  – which provides card payment processing…

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PRESTON-based financial services group Chesnara says it has completed a year of “solid delivery” revenue and profits up.In its finals results for the year ended today, March 31 the company…

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Property News: St Modwen; Seddon; Great Places Housing Group & more + MORE

Worst place to buy house since 2000?

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RESEARCH by a leading estate agent has revealed the Bolton is the worst place to have bought a property in England and Wales since the turn of the century.The survey by fixed-fee company eMoov.co.uk h…

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THOUSANDS of steel jobs are at risk after Tata Steel decided to cut its losses and exit its UK business.Tata Steel Europe employs about 15,000 people with 16 of its 28 sites in the UK. Although its la…

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DEALS have been struck for the occupation by three companies of space at Europa Trade Park: Gemini in Warrington.BR Industrial Trust, a joint venture between BlackRock and Canmoor has secured agreemen…

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Boss quits loss-making brewery

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THE boss of loss-making Lancashire brewery Moorhouse’s has resigned.David Grant has left after 14 years at the helm during which time he oversaw a £4.2m into its Burnley facility.Although the co…

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REGENERATION specialist St Modwen has agreed a deal with Knowsley Council on the development Kirkby town centre on Merseyside.This follows St Modwen’s £35.8m acquisition of the property in Novem…

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