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	<title>Business for Sale Blog - News and views on buying and selling businesses</title>
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		<title>HiT Entertainment may be forced to sell brands</title>
		<link>http://www.business-sale.com/blog/on-the-market/1051/hit-entertainment-may-be-forced-to-sell-brands</link>
		<comments>http://www.business-sale.com/blog/on-the-market/1051/hit-entertainment-may-be-forced-to-sell-brands#comments</comments>
		<pubDate>Sun, 28 Feb 2010 14:00:45 +0000</pubDate>
		<dc:creator>Rob Moore</dc:creator>
				<category><![CDATA[On the Market]]></category>

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		<description><![CDATA[<img src="http://images.newsvend.info/128308-163963-large.jpg">HiT Entertainment, the children&#8217;s media group and owner of popular brands including Thomas the Tank Engine, Angelina Ballerina and Bob the Builder, is in serious discussions with its lenders as it struggles to meet its loan commitments, and may be forced to consider hiving off some of its assets. 

However, the company&#8217;s lenders, which include Deutsch Bank, Merrill Lynch and Bank of America, are said to be opposed&#8230; 


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		<title>Towergate buys John Charcol in pre-pack sale</title>
		<link>http://www.business-sale.com/blog/done-deals/1040/towergate-buys-john-charcol-in-pre-pack-sale</link>
		<comments>http://www.business-sale.com/blog/done-deals/1040/towergate-buys-john-charcol-in-pre-pack-sale#comments</comments>
		<pubDate>Wed, 24 Feb 2010 15:45:10 +0000</pubDate>
		<dc:creator>Rob Moore</dc:creator>
				<category><![CDATA[Done Deals]]></category>

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		<description><![CDATA[High profile mortgage advice company, John Charcol, has been bought by Towergate Financial, the financial advice arm of the Towergate Partnership. The sale was announced yesterday, only a day after the struggling mortgage broker went into administration. 

It has been reported that, under the terms of the deal, Charcol&#39;s 100 staff and directors will move to Towergate Financial and will be based, for the most part, in London.

Towergate was set&#8230; 


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		<title>Notts County eager to secure deals and avoid administration</title>
		<link>http://www.business-sale.com/blog/corporate-insolvencies/1019/notts-county-eager-to-secure-deals-and-avoid-administration</link>
		<comments>http://www.business-sale.com/blog/corporate-insolvencies/1019/notts-county-eager-to-secure-deals-and-avoid-administration#comments</comments>
		<pubDate>Tue, 23 Feb 2010 11:49:04 +0000</pubDate>
		<dc:creator>Rob Moore</dc:creator>
				<category><![CDATA[Corporate Insolvencies]]></category>

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		<description><![CDATA[Accountants are reportedly appraising Notts County Football Club&#8217;s accounts and evaluating strategic options for the organisation, which has been experiencing cash flow problems.

The club&#8217;s chairman Ray Trew insists that no decision has been made yet as to whether it will be put into administration. He added that the club wants to avoid administration for the sake of its investors.

Trew stated, &#8220;we want to avoid administration at all costs, because the&#8230; 


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		<slash:comments>0</slash:comments>
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		<title>Friends Reunited sale given provisional go-ahead</title>
		<link>http://www.business-sale.com/blog/done-deals/1008/friends-reunited-sale-given-provisional-go-ahead</link>
		<comments>http://www.business-sale.com/blog/done-deals/1008/friends-reunited-sale-given-provisional-go-ahead#comments</comments>
		<pubDate>Fri, 19 Feb 2010 17:11:30 +0000</pubDate>
		<dc:creator>Rob Moore</dc:creator>
				<category><![CDATA[Done Deals]]></category>

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		<description><![CDATA[The Competition Commission has given provisional go-ahead to ITV for the sale of social networking site Friends Reunited to online genealogy company Brightsolid.

ITV bought Friends Reunited for &#163;170m in December 2005 and announced its intention to sell the business last year after suffering heavy mid-year losses.

Brightsolid already owns genealogy sites FindMyPast.com and 1911Census.com. As Friends Reunited is the parent company of genealogy site, Genes Reunited, Brightsolid&#39;s proposed  &#163;25m acquisition&#8230; 


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		<title>Reader&#039;s Digest UK officially files for administration</title>
		<link>http://www.business-sale.com/blog/businesses-in-administration/997/readers-digest-uk-officially-files-for-administration</link>
		<comments>http://www.business-sale.com/blog/businesses-in-administration/997/readers-digest-uk-officially-files-for-administration#comments</comments>
		<pubDate>Wed, 17 Feb 2010 16:19:30 +0000</pubDate>
		<dc:creator>Rob Moore</dc:creator>
				<category><![CDATA[Businesses in Administration]]></category>

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		<description><![CDATA[Reader&#39;s Digest has gone into administration after talks between its US parent group and the UK pensions regulator over its UK pension fund broke down. 

The negotiations concerned how to fund the firm&#39;s &#163;125 million pension fund deficit. According to parent group the Reader&#39;s Digest Association (RDA), the pensions regulator rejected a rescue plan to settle the longstanding liability.

Administrators are now looking for investors interested in a potential business sale.

The&#8230; 


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		<title>Nearly two out of three businesses refused finance</title>
		<link>http://www.business-sale.com/blog/raising-finance/986/nearly-two-out-of-three-businesses-refused-finance</link>
		<comments>http://www.business-sale.com/blog/raising-finance/986/nearly-two-out-of-three-businesses-refused-finance#comments</comments>
		<pubDate>Tue, 16 Feb 2010 17:14:18 +0000</pubDate>
		<dc:creator>Rob Moore</dc:creator>
				<category><![CDATA[Raising Finance]]></category>

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		<description><![CDATA[Despite the government&#39;s attempts to boost business lending, nearly 60 per cent of UK companies were refused credit by their banks last year, leaving a fifth to turn to credit cards to finance their enterprises.

That&#39;s the main finding from an Institute of Directors (IOD) survey of more than 1,000 company directors, which goes against recent claims by lenders that they&#39;ve been allocating finance to firms that need it.

Of the companies&#8230; 


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		<title>Two more potential business buyers for Portsmouth</title>
		<link>http://www.business-sale.com/blog/buying-a-business/975/two-more-potential-business-buyers-for-portsmouth</link>
		<comments>http://www.business-sale.com/blog/buying-a-business/975/two-more-potential-business-buyers-for-portsmouth#comments</comments>
		<pubDate>Mon, 15 Feb 2010 16:28:48 +0000</pubDate>
		<dc:creator>Rob Moore</dc:creator>
				<category><![CDATA[Buying a Business]]></category>

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		<description><![CDATA[The chief executive of Portsmouth, which is on the verge of becoming the first Premier League club to enter administration, claims two more parties have come forward with proposals to buy the business.

Peter Storrie&#39;s announcement came as the club scrambles to present a statement of its financial affairs by 4pm on Wednesday (17 February) before a High Court hearing on March 1.

It was previously revealed that two potential buyers were&#8230; 


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		<title>Reckitt denies plans for Kraft-style acquisition</title>
		<link>http://www.business-sale.com/blog/business-news/964/reckitt-denies-plans-for-kraft-style-acquisition</link>
		<comments>http://www.business-sale.com/blog/business-news/964/reckitt-denies-plans-for-kraft-style-acquisition#comments</comments>
		<pubDate>Fri, 12 Feb 2010 13:00:07 +0000</pubDate>
		<dc:creator>Rob Moore</dc:creator>
				<category><![CDATA[Business News]]></category>

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		<description><![CDATA[Consumer products maker Reckitt Benckiser - the name behind Finish dishwasher detergent, Vanish stain remover and Strepsils lozenges - has played down speculation that a sizeable acquisition is on the horizon, despite unveiling a cash build-up as it reported its fourth-quarter and full-year results this week.
 
The firm&#39;s sales went up 18 per cent to &#163;7.75 billion in 2009, while underlying sales growth rose ten per cent from October to&#8230; 


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		<title>Winding-up order adjourned but Portsmouth administration inevitable?</title>
		<link>http://www.business-sale.com/blog/business-news/853/winding-up-order-adjourned-but-portsmouth-administration-inevitable</link>
		<comments>http://www.business-sale.com/blog/business-news/853/winding-up-order-adjourned-but-portsmouth-administration-inevitable#comments</comments>
		<pubDate>Thu, 11 Feb 2010 15:46:56 +0000</pubDate>
		<dc:creator>Rob Moore</dc:creator>
				<category><![CDATA[Business News]]></category>

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		<description><![CDATA[It might have been given a week-long stay of execution after the winding-up petition against it reached the High Court yesterday, but don&#39;t be surprised if Premier League club Portsmouth is tipped into administration anyway.

The owners of the club were told in court that they have a week - until 4pm on 17 February, to be precise - to file a &#34;statement of financial affairs&#34; proving they can clear over&#8230; 


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		<title>Football clubs have wind-up orders adjourned</title>
		<link>http://www.business-sale.com/blog/tax-issues/842/football-clubs-have-wind-up-orders-adjourned</link>
		<comments>http://www.business-sale.com/blog/tax-issues/842/football-clubs-have-wind-up-orders-adjourned#comments</comments>
		<pubDate>Wed, 10 Feb 2010 17:10:42 +0000</pubDate>
		<dc:creator>Rob Moore</dc:creator>
				<category><![CDATA[Tax Issues]]></category>

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		<description><![CDATA[There&#39;s plenty of talk about Portsmouth today after the High Court adjourned its winding-up order for seven days. 

Her Majesty&#39;s Revenue and Customs (HMRC) revealed the club owes &#163;11.5 million and declared it &#34;insolvent&#34;, but Portsmouth&#39;s representatives claimed they have two firm offers of fresh investment and convinced the court they deserve more time to complete a business sale.

In Wales, meanwhile, all eyes have been on yet another football club&#8230; 


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