Former Odeon building up for grabs

August 4th, 2010

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

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Deadline set for Liverpool FC takeover bid

August 3rd, 2010

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 chairman, Martin… Continue reading

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Buying pubs in north-east becoming increasingly popular

July 30th, 2010

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 North Pennines… Continue reading

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Small businesses hit by pension cap shock

July 28th, 2010

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 scrapped.

A concession… Continue reading

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Small business finance problems investigated

July 27th, 2010

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.

The paper explores a variety of… Continue reading

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Motherwell hotel goes into administration

July 23rd, 2010

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… Continue reading

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Cornish holiday cottage business seeks buyer

July 21st, 2010

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 newspaper this April.

The 4/5… Continue reading

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Chancellor commission small business tax reform body

July 20th, 2010

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 Budget – likely… Continue reading

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Eminent Newmarket restaurant seeking buyer

July 16th, 2010

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… Continue reading

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CIM survey suggests growth for small, medium businesses

July 14th, 2010

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 that their own… Continue reading

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