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RMT win contract with Newcastle Falcons

by Iain Laing, The Journal ACCOUNTANCY and business advisory group RMT has scored a contract win with the Newcastle Falcons as the rugby club looks to step up its corporate hospitality activity. The Newcastle-based company has added the Aviva Premiership team to its growing portfolio of clients at a time when the sports club are targeting growth

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Deal secures future of North Pennines Archaeology

by Peter McCusker, The Journal   A SPECIALIST archaeology business has been saved after being bought out of administration by a Stoke-based engineering and environmental consultancy. North Pennines Archaeology (NPA) – based at Nenthead in Alston, Cumbria – was placed into administration after the threat of a winding-up petition related to historic VAT debts. Joint administrators

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Tyneside MP calls for ransom payment change

NORTH East MP Mary Glindon has given her backing to a campaign by insolvency trade body R3 campaign for a change in the law which she says could save 2000 businesses a year. The Holding Rescue to Ransom campaign is calling for a change in legislation which would prevent suppliers demanding high payments, increasing their

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Jobs lost as Centurion loses fight for survival

A NORTH bus tour company has ceased trading with the loss of 14 jobs. Centurion Tours and Travel of Haydon Bridge, has now closed after just over a week in administration. The well-known firm, which ran bus tours throughout the UK and abroad, ran into trouble earlier this month when a finance company pulled out

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Private sector “angels” watch over funding

SOME of the region’s leading venture capital, corporate finance and legal professionals will be giving a briefing about venture capital funding tomorrow. As the public sector continues to contract, private sector “angels” are becoming a key focus for small firms wanting backers and larger projects needing major capital investment. Representatives from private equity firm Rivers

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Take care in changing insolvency rules

INSOLVENCY experts are warning that proposed changes to the rules surrounding pre-pack administrations could cause new issues as well as addressing the perceived problems that creditors may have with the present system. Linda Farish, chairman of the North-east arm of insolvency trade body R3 and director of Recovery & Insolvency at Newcastle-based accountants RMT, was

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National deal will give boost to SMEs

A LANDMARK deal will allow North East SMEs access to corporate finance services previously reserved for heavyweight blue-chip firms. National organisation The Corporate Finance Network (CFN) has spread its reach into the North East by signing up its first and only partner in the region, Newcastle-based RMT Corporate Finance. The CFN is built on a

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Overdrive North East profits up after cold snap

Overdrive North East in Morpeth, Northumberland, buys vehicles from car dealerships, franchises, companies and private individuals. It was launched 10 years ago by North East businessman Jason Miller and his wife Niki to give garages across the UK a reliable supply of quality used cars. As well as supplying all makes and models to some

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Venture aiming to bring business and freelancers together

FREELANCERS will be meeting at Newcastle’s Salsa Club tonight as part of a new venture designed to bring businesses and freelancers closer together. Di Gates, of consultancy Stick Theory, and Ryan Foster of Ryan Foster Design, came up with the concept of Freelance Romance after deciding the region needed a way to encourage freelancers and

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