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Urban Logistics REIT continues expansion with five new acquisitions

Mon, 23 Jan 2023 | COMMERCIAL PROPERTY
Last mile logistics property firm Urban Logistics REIT has continued its acquisitive growth, buying five new assets for a total cost of £48 million at a 6 per cent net initial yield. The firm has acquired a £39.5 milli... continue reading



Insolvency activity up 32 per cent in Scotland last month

Mon, 23 Jan 2023 | BUSINESS NEWS
New research from insolvency and restructuring trade body R3 has revealed a 32 per cent increase in insolvency-related activity in Scotland in December 2022, compared to the same period a year earlier. The jump in activity comes a... continue reading



73 per cent planning deal activity as nursery sector consolidation continues

Fri, 20 Jan 2023 | BUSINESS NEWS
Property adviser Christie & Co has said it expects consolidation in the UK’s nursery sector to continue in 2023, after 2022 saw an “unprecedented” level of deal volume and value. According to Christie & Co’... continue reading



Rail information display tech firm acquired at 12.4x profits

Fri, 20 Jan 2023 | BUSINESS SALE
IGL Limited, a company that provides rail passenger information equipment covering most of the UK rail network, has been acquired by public transport information tech firm Journeo Plc in a deal worth £8.7 million. The deal r... continue reading



Care home software business acquired by Grafenia at 29x EBIT

Thu, 19 Jan 2023 | BUSINESS SALE
Bristol-based care home management software provider Care Management Systems (CMS) has been acquired by listed SaaS business Grafenia Plc in a deal worth £3.5 million. Grafenia paid a cash consideration of £2.975 milli... continue reading



Administrators seeking buyer as fruit and juice maker collapses

Thu, 19 Jan 2023 | ADMINISTRATION
Administrators from Grant Thornton are seeking offers for the business and assets of fruit and juice maker Orchard House Foods, following the company’s collapse. Grant Thornton’s Sarah O’Toole, Jon Roden and Kevi... continue reading



Insolvencies soar amid rising costs and economic downturn

Wed, 18 Jan 2023 | BUSINESS NEWS
New figures from the Insolvency Service have shown that corporate insolvencies increased sharply in December 2022, as UK companies struggled with rising costs, plummeting consumer sentiment and the end of COVID-19-related governme... continue reading



Paperchase exploring sale, but administration looms

Wed, 18 Jan 2023 | BUSINESS SALE
Stationary retailer Paperchase has engaged advisory firm PwC to market the business for sale, but has also lined up Begbies Traynor to explore future options which could include an administration. The announcement, which comes jus... continue reading



Grade II listed Oxfordshire hotel up for sale for £1.85m

Tue, 17 Jan 2023 | COMMERCIAL PROPERTY
The White Hart hotel, a 24-bedroom grade II listed hotel in Dorchester-on-Thames, Oxfordshire, has been put up for sale with an asking price of £1.85 million. The hotel is being brought to market due to the current owners pl... continue reading



Administrators to explore sale options for Britishvolt after rescue talks fail

Tue, 17 Jan 2023 | ADMINISTRATION
Administrators will explore sale options for the business and assets of battery cell technology firm Britishvolt Ltd, after talks aimed at rescuing the company failed. Accountancy firm EY will handle the process after Britishvolt ... continue reading



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News Search

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