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Blog: General

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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New fund offering hope to start-up businesses

ENTREPRENEURS and small businesses that have been unable to secure small loans from banks will be able to benefit from a new fund that has been launched in the region. Business development company Entrust is holding the purse strings of the £5m Finance for Business North East Microloan Fund, the seventh fund to spring out

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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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Boob job entrepreneur launches own bra range

AN ENTREPRENEUR who struggled to find bras matching her size and style after having her breasts enlarged has launched a specialist lingerie business which is set to become a £1m-a-year global firm within three years. Alexis Smith, from Whitley Bay, North Tyneside, has set up her own brand of underwear which is specially designed to

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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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