Brighton's landmark Hilton Metropole hotel had been sold in a deal thought to be worth more than £39.3 million.
The hotel had been owned by the part-nationalised Royal Bank of Scotland, and is the company's eleventh successful hotel sale since it was bailed out by the government in 2009.
The company has embarked on a drive to dispose of non-core assets in a bid to pay back its government debts. Prior disposal... Continue Reading
An award-winning Cotswolds pub has been put up for sale after its landlady decided he wanted to swap the beer tap for teaching and embark on a new career.
Joe Carrier has said the decision to put the Five Mile House in Duntisbourne Abbots up for sale was not taken lightly, but said that it offers an exciting prospect for any new potential owner. The acclaimed pub is on the market for £750,000, complete with planning permission to b... Continue Reading
An iconic independent music shop that makes the claim for being the UK's most remote has been put up for sale.
Clive's Record Shop was established on the Shetland Islands in the 1970s by Clive Munro, who wanted to provide his fellow islanders with the a ready supply of the music of the time.
Like so many other independent music shops, however, it has suffered under pressures from online music downloads and ch... Continue Reading
The brand name of one of Liverpool's most well-known department stores has been put up for sale.
Potential buyers will be able to buy up the brand name of Lewis's, and take advantage of the established reputation developed by the company, which finally shut its flagship Liverpool store in May 2010.
The department store was first founded in 1856 by David Lewis and went on to establish branches across England -... Continue Reading
A leading expert on small business financing has said that most small-and medium-sized enterprises (SMEs) would pay less if they applied for unsecured loans rather than using an asset-backed finance product.
Head of Barclays Business, Steve Cooper, said that many SMEs were getting "a bad deal" by using asset-based lending to make acquisitions, generally because the bank would be happy to make the loan even without the security of th... Continue Reading
Small and medium-sized enterprises are to be put in a better position to apply for public sector contracts, through new measures announced by the Cabinet Office.
Prime Minister David Cameron said that the move would open up "billions of pounds' worth of new business opportunities" to the country's small businesses and will stop government contracts from being monopolised by big businesses.
He said there would b... Continue Reading
A £100 million fund has been launched by the Royal Bank of Scotland, aimed at supporting people who wish to set up new franchise businesses.
It is thought that the fund - which has fees of just one per cent and allows for capital repayment holidays - could help create as many as 1,800 Continue Reading
A Scottish hotel with a storied, celebrity-filled past is on the verge of being sold, more than half a year after it first went into administration.
A representative for administrators, KPMG, said that the four-star Auchen Castle Hotel - which frequently hosted the Beatles during their heyday - is finally nearing a deal, after a new prospective buyer emerged on Monday.
The potential new owner is likely to take the pict... Continue Reading
Pub giant Greene King has acquired restaurant chain Cloverleaf Restaurants for £56 million.
The pub company said that the acquisition will allow the business to expand, adding another 12 sites to its portfolio.
The purchase will also help Greene King to reposition itself towards retail outlets concentrating on food rather than drink. Greene King said it hoped that the purchase would help it to 'capitalise on the gr... Continue Reading
The £35 million North West Fund for Business Loans is aiming to give a lifeline to small firms who are finding it tough to secure lending from banks.
The new fund is one of six that have been set up by the North West Fund (NWF), over the last few months in a bid to offer a total of £184.8 million to small and medium-sized enterprises (SMEs) over the coming five years.
The funding, which will be awarded to SMEs in the... Continue Reading
We thought it high-time for a makeover of the Bizsale website, as it’s pretty much had the same design since around 2005.
So long the blues, and welcome in an enviro-friendly sea-green, live-lime and orange combination.
As well as cosmetic changes, behind the scenes we have moved the site to a more sophisticated management system that will allow us to add new content with much more ease. We have a lot of new info... Continue Reading
Pub giant Enterprise Inns has announced plans to sell off a further 400 to 500 pubs throughout 2011.
Solihull-based Enterprise is hoping to net around £125 million from the sale of the pubs. it plans to use these to alleviate the losses affecting its operating profits, which were brought on by extreme weather conditions at the end of last year.
The pub company made public its plans through an interim statement release... Continue Reading
Representatives of small businesses in the north east of England have warned the government that they could be facing a major crisis in just six months if essential costs keep rising.
The Federation of Small Businesses' North East regional organiser, David Longstaff, said rising inflation and unprecedented fuel costs were threatening the whole economy of the region. He said a fuel price stabilizer should urgently be put in plac... Continue Reading
Pub and music venue owner, Cougar Leisure, has fallen into administration despite a last ditch attempt to sell off some of its assets.
Last June, the Chorley-based company sold off 11 of its pubs and bars through Christie & Co, including the Townhouse pub located in Whitley Bay, North Tyneside, to North-east based pub operator Wear Inns, as well as pubs in Romford, Liverpool and Edinburgh.
Following financial difficulti... Continue Reading
A quartet of the biggest banks in the country are moving closer to an agreement with the government to lend up to £180 million to small businesses in 2011.
The agreement, known as 'Project Merlin,' is aiming to secure a commitment from banks to ensure improved lending to small and medium-sized businesses.
HSBC, Royal Bank of Scotland, Lloyds and Barclays are the banks involved in the talks, which could culmi... Continue Reading
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