Category: <span>Business News Yorkshire</span>

More than 500,000 UK Companies in Significant Financial Distress

509,000 UK companies are in significant financial distress—the highest number ever measured. The coronavirus lockdown has seen the largest quarterly increase in the number of businesses in significant distress since the end of 2017, growing by 15,000 companies. This figure is expected to increase throughout Q2 as COVID-19 restrictions continue. The number of critically distressed…




Economic Figures Confusing For Economists And UK Businesses

With the vote on remaining in the EU looming recent figures on economic growth or the lack of it show that the UK faces an uncertain future. Few people if anyone outside of economists and politicians are able to decide whether to vote in or out due to the confusing arguments for and against. This…




Another Poll Shows Businesses Against Brexit

As the crucial in or out vote on being part of the EU looms large on the horizon, another poll of business leaders from across Europe shows that the vast majority are against a Brexit. Whatever your political view, the view of business leaders is an important consideration in the complex decision over whether to…




Best Place To Start a Business In The UK?

Less than 50% of startups are still running after five years even in the best UK locations so it is probably worth assessing the area you intend to set up in to give your business the best chance of success. An article in the Guardian recently looked at various aspects of starting up a business…




Manufacturing Firms Will Be Taking A Hard Look At Accounts As A Result Of “Brexit”

Whatever the views on whether Britain should be in or out of the EU, the impact the uncertainty is having on the UK manufacturing sector is proving to be particularly severe. According to the latest statistics, UK factory growth has hit its lowest point for 34 months which a setback for a sector which had…




Eco Stores announces £1m Sales

Eco Stores Direct, an online heating company has announced that it has broken the £1m sales barrier during just 10 months of trading. Started early last year, the company headed by Paul Walker and based in Knaresborough, Yorkshire specialises in electric radiator sales and has grown due to the reducing levels of Gas available in…




New Retail Development for Morecambe Bay

The Ilkley based property developer Opus North has announced plans to develop a retail complex in Morecambe Bay. The plan is for a £17m 100,000 sq ft retail and leisure development, creating 500 new jobs for the area. Opus North will submit final planning applications to Lancashire Council next month. Managing Director of Opus North…




Warrington based Betfred agrees refinancing

The Warrington based company Betfred has refinanced £200m of loans with Barclays, Santander and Yorkshire Bank. This has meant that new partnerships have been attracted from the likes of M&G Investments. Betfred now has 10,000 employees and is one of the biggest employers in the North West. Betfred Chairman Fred Done said; “I am delighted…




Business Opportunities arise from the recession

The recession has driven business owners to look at reorganising their strategies and has uncovered many hidden opportunities according to leading Yorkshire business figures. TheBusinessDesk.com State of the Region Round Table discussion help in Leeds recently said that the recent changes to the business climate has created opportunities for transformation. Business owners have been motivated…




Wireless in Demand

The internet company Metronet (UK) has seen a significant growth in the last year due to increasing demand for wireless connectivity. The company which is based in Manchester has reportedly reached a financial milestone with £1m of revenue a month this year. This is an increase of nearly one third and this is expected to…