Business News News

Business messaging firm to continue acquisitive growth with new PE backing

Tue, 05 Sep 2023 | BUSINESS NEWS
Nottingham-headquartered business messaging firm Commify has secured fresh private equity backing from ECI Partners in a €300 million (£256.6 million) deal that will enable the company to continue its acquisitive and or... continue reading

Acquisitive plastics manufacturer more than doubles sales

Mon, 04 Sep 2023 | BUSINESS NEWS
Coral Products, a North West-based plastics manufacturer, has more than doubled its sales after completing four acquisitions during the first half of its financial year. The company, which specialises in designing, manufacturing a... continue reading

Vertu Motors’ results boosted by Helston acquisition

Wed, 30 Aug 2023 | BUSINESS NEWS
Car retail group Vertu Motors has reported improved trading, with its performance boosted by its acquisition of premium car firm Helston Garages Group last year. The December 2022 transaction saw Vertu acquire 28 Helston outlets, ... continue reading

IT MSP's revenue boosted by acquisitions

Thu, 24 Aug 2023 | BUSINESS NEWS
Redcentric, the Harrogate-based listed IT managed services provider (MSP) has reported a “significant increase” in revenue, following two years in which it has completed five acquisitions. In its full-year results, the... continue reading

Pet care firm secures funding for acquisitive growth plan

Wed, 09 Aug 2023 | BUSINESS NEWS
Pet Family, a pet care retailer which operates 150 stores in London and the South East, has secured an eight-figure funding package from HSBC UK. The funding will be used to support the firm’s national and international grow... continue reading

England and Wales insolvencies hit 14-year high

Fri, 28 Jul 2023 | BUSINESS NEWS
Insolvencies in England and Wales hit their highest level since the financial crisis in the second quarter of this year, according to official figures, as companies were impacted by factors including rising interest rates, high in... continue reading

Administrations up 110 per cent in food and drink sector

Fri, 21 Jul 2023 | BUSINESS NEWS
Administrations in the UK’s food and drink sector were up 110 per cent year-on-year during the first half of 2023. The soaring levels of insolvency have been attributed to a range of factors including inflation, Brexit, COVI... continue reading

Acquisitions drive revenue growth for financial advice consolidator

Tue, 18 Jul 2023 | BUSINESS NEWS
Perspective Financial Group Ltd, one of the most active buyers in the financial advice sector’s booming dealmaking market, has recorded increased revenue as a result of both organic and acquisitive growth. In its accounts... continue reading

ThinCats backs acquisition drive at social media firm

Mon, 10 Jul 2023 | BUSINESS NEWS
Flight Story, a marketing agency founded by Dragon’s Den star Steven Bartlett (pictured above), has secured a debt facility from alternative finance provider ThinCats. The funding will be used to finance Flight Story's ... continue reading

Pub group set for acquisitive growth after securing funding

Tue, 04 Jul 2023 | BUSINESS NEWS
Hospitality and pub group Heartwood Collection is preparing to embark on an acquisitive growth plan after securing £100 million in additional funding. The group, which currently has more than 30 sites across the UK, is aimin... continue reading

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