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Blog: North East News

Couple quadruple size of their pharmacy business

A COUPLE have quadrupled the size of their pharmacy business to £4m by taking over a larger rival. David and Louise Lydon have bought Stanley-based Dixon and Hall, which runs three pharmacies and puts together first aid kits for 600 clients, including Northumbria Police and companies including Nissan and McNulty Offshore. The deal, for an

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Maxine Pott joins the board of the Port of Tyne

Maxine Pott joins Port of Tyne board

A LEADING Tyneside accountant has been appointed to the board of the Port of Tyne. Maxine Pott, the head of corporate finance at Newcastle-based RMT Accountants and Business Advisors, has joined the deep sea port as a non-executive director. Sir Ian Wrigglesworth, chairman of the Port of Tyne said: “I am delighted to welcome Maxine

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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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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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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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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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