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HMRC files winding up petition against mobile network operator Lycamobile
By City AM
The º£½ÇÊÓƵ tax authority has filed a winding-up petition against mobile network operator Lycamobile
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Tyneside brewery collapsed owing more than £500,000, new documents reveal
Deals
The administrators' report also shows Anarchy Brew Co's assets were bought for £65,000
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Revolution Bars secures High Court approval of restructuring plan to stave off potential collapse
Food and Drink
Lawyers had warned business was likely to 'run out of cash' in August
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Cardiff Bay's Scott Harbour office block set for transformation into 101 new apartments
BBC
Building has been empty for some time
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High Street Group set to be wound up, leaving individual investors more than £100m out of pocket
Insolvency and Administration
The group's £200m debts include £100m invested by individuals - who are now unlikely to see any returns
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Construction company Surgo collapsed owing £4.5m after chain of events triggered by charity project
Insolvency and Administration
New documents filed by joint administrators show Surgo has more than 250 company creditors
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MP Nadhim Zahawi to become chair of online retailer Very Group
Politics
The move comes just a few days after the former Chancellor announced he was to step down as an MP at the next election
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Government deal will see 'lightning fast' broadband rolled out in Cornwall and Isles of Scilly
Technology
South West-based Wildanet has been awarded a £41m contract to carry out the work
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Be More Geek closes three shops with job losses amid spiralling costs
Insolvency and Administration
Be More Geek stores in Manchester, Washington and Middlesbrough have closed after the original firm was put into liquidation - but three shops have been saved
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‘Shocking’ lack of support for hospitality while small firms need more support- North West reacts to Budget of missed opportunities
Federation of Small Businesses
Some measures welcomed but many experts feel Chancellor didn't go far enough
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Top North East firms named among minimum wager infringers
HMRC
Greggs and Barbour feature on a list of more than 500 º£½ÇÊÓƵ firms but both say the issues have since been rectified
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North East owner of leisure firm Stack posts strong sales ahead in year of restructure
Leisure & Touism
Newcastle based Danieli Group underwent a major restructure in the accounts year
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How are º£½ÇÊÓƵ start-up companies financed
Finance
Some 85% of new businesses relied on the founder’s personal capital
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Ryder Architecture hails strong pipeline of projects after turnover falls in tough year
property news
The firm has grown to more than 350 people across º£½ÇÊÓƵ and international offices
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North East distillery sold to new owners after collapsing with debts of £1m
Deals
Durham Gin Ltd has been sold to a firm by administrators following cash flow issues triggered by the pandemic
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Accountancy services firm Mazuma looking to scale-up on Cardiff Capital Region equity backing
Deals
The Bridgend-based female-owned business becomes the second firm to get investment from the £50m Innovation Investment Capital fund.
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Scrumconnect Consulting opens Newcastle office creating 150 new jobs
Employment
The company has pledged to invest £40m into the North East over the next four years
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WHP Engineering collapsed with debts of almost £10m, documents show
Engineering
The firm has around 150 trade creditors who are owed almost £4m
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South West businesses need to prepare themselves for HMRC scrutiny, according to report
HMRC
Evelyn Partners said there has been more scrutiny of general employment taxes since the pandemic
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North East insolvency numbers jump - and Christmas could deal final blow for more, R3 warns
Insolvency and Administration
The North East chair of insolvency and restructuring trade body R3 says its impossible to say if struggling businesses will get enough of a boost from festive trading
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SSD Events and Marketing wound up after HMRC petition
HMRC
A court ruling means HRMC's costs will be paid out of the assets of the firm
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Tax agent jailed for £750,000 fraud
Courts
Robin Moss spent small fortune on gold coins, jewellery and collectible pottery
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º£½ÇÊÓƵ businesses can get help investing in their employees amid the credit crunch
Finance
Growth Partners PLC is helping its clients access tailored support payments and strategic advice through its new support package
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WH Smith among South West firms named for failing to pay minimum wage
HMRC
Over 200 employers being named by government for failing to pay their lowest paid staff the minimum wage
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