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Professional Services

Yorkshire Building Society grows mortgage and savings books amid 'cautious optimism' about economy
Company Results
The lender said it had detected a rise in mortgage arrears
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Asset-based lender Ultimate Finance secures £370m in funding
Finance
The Bristol-based firm said the agreement put it in 'a strong position' to drive growth
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Newcastle Building Society becomes North East's first Living Pension employer
Finance
The mutual has committed to the standard for all staff who joined after April 1 this year
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Santander profits dive 30 per cent in º£½ÇÊÓƵ as Spanish bank feels the pinch
By City AM
The Spanish bank's º£½ÇÊÓƵ arm reported pretax profit of £804m in the first six months of the year, down from £1.2bn in the same period last year.
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FCA mandates º£½ÇÊÓƵ banks to assess local cash needs before shutting down branches
By City AM
Banks and building societies will have to weigh whether residents are able to access cash under new rules announced by the City watchdog today
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Financial firm Folk2Folk hits £700m lending milestone
South West
The peer-to-peer lender has helped a range of businesses with loans over the last 12 months
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South Yorkshire tech firm FinLegal seals £2m investment to trigger job creation
Professional Services
The Northern Powerhouse Investment Fund II (NPIF II) has completed its first deal in South Yorkshire in the tech business
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RMT Technology strengthens senior team as growth drive continues
Appointments
The specialist arm of RMT Accountants & Business Advisors has expanded its team as it continues to grow its client base
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Alarm sounded over health of London's AIM market as listings hit 20-year low
By City AM
New analysis has revealed the number of companies quoted on London's junior market to be at a 20-year low.
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Thousands of North East businesses battling financial distress, new data reveals
Finance
The latest Red Flag Alert data from Begbies Traynor shows the number of businesses feeling financial distress has jumped by more than 40% in a year
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Training firm Standguide Group moves to employee ownership
Deals
Adviser Brabners says employee ownership model growing across º£½ÇÊÓƵ
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870 West Country start-ups receive loans from state-owned British Business Bank
South West
The lender has handed out finance packages worth £11m to businesses in the region over the last year
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People on the move: key North East appointments and promotions
Appointments
Companies and organisations featuring this week include Energy Central Campus, Ward Hadaway, Decide, Ridgetek and Bernard Interiors
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Lexington Corporate Finance acquired by FRP Advisory in a £3.5m deal
Deals
Cardiff headquartered corporate advisory boutique Lexington Corporate Finance has been acquired in a £3.5m deal.
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Nationwide takeover of Virgin Money cleared by competition watchdog
Finance
The approval paves the way for the acquisition to complete later this year
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Professional and business services sector ‘has £500m growth potential’, new report shows
Professional Services
Edge Hill University report highlights 2,285 high-potential SMEs in city region
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Former NRG man launches specialist diversity-focussed recruitment outfit
SMEs
James Carss has considerable experience working across Asia and North America, as well as on home soil in the North East
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Newcastle education specialist The Edwin Group is snapped up by US company
Deals
The firm has been acquired by Quad Partners in a deal marking an exit for LDC
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Big rise in the value of equity investments in Wales
Deals
The Business Business Bank has published its latest annual Small Equity Tracker
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North West administrations fall in first half of year, Interpath Advisory says
North West
Business services and retail sectors among those having tough times
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Office deal for law firm Lodders
West Midlands
Birmingham team of West Midlands practice will relocate to a new home in the Colmore Business District later in the summer
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Insurance broker Lycetts breaks profit records with key acquisitions and sales strategy
Company Results
CEO Charles Foster said the Newcastle company is also looking to grow its online presence
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BioGrad Education becomes first North West firm to win backing from £660m Northern Powerhouse Investment Fund for growing SMEs
North West
Liverpool firm will use 'six figure' investment to train next generation of people working in STEM
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Banking complaints reach highest level in a decade, the Financial Ombudsman Service reveals
Finance
Service said consumers raised 80,137 cases with the free resolution service about banking and payment products in the financial year 2023/24, compared with 61,995 in 2022/23
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