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News from the Finance and Investments sector.

X-ray tech firm raises £500k to help detect breast cancer

IBEX Innovations – the Sedgefield company which is a pioneer in X-ray imaging technology - has raised £535,000 to commercialise its new software to help detect breast cancer.

Yorkshire cloud and tech specialists hits £42 million turnover

Wakefield-based Solutionize Global has eclipsed £42m in turnover in the financial year 19/20 – and is dedicating substantial investment into new Mayfair premises, talented...

Healthy Investment makes donation to Porch Boxes food bank

Bury-based Porch Boxes has seen demand double during lockdown.

Monthly corporate and individual insolvency statistics – R3 response

Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, comments on the first publication of the Government’s monthly corporate and individual insolvency statistics:

Mercia invests over £11m during lockdown and highlights regional strength

Mercia Asset Management, which is one of the most active investors in regional SMEs, has invested over £11m in the seven weeks since the lockdown began.

Top female banker joins Dow Schofield Watts board

One of the UK’s top female bankers has joined business advisory firm Dow Schofield Watts as Non-Executive Director.

Working Safely During Coronavirus – new guidance for employers

The government has now issued new guidance designed to assist employers to work safely in light of COVID-19. This guidance was anticipated by the Prime Minister when he addressed, on Sunday evening, the gradual steps being taken to reopen the economy

The new kids on the pod

A witty podcast from a Darlington-based firm has gained over 5,000 listeners who enjoy its financial wisdom and no-nonsense style of chat.

£100,000 investment allows North East company to deliver app to tackle nationwide teacher shortage

Angel investor Gary Dewhurst has injected £100,000 into a North East company to fund the development of an innovative mobile app that is set...

Renewed interest in energy investments

Interest in an innovative energy project has peaked since the COVID-19 lockdown began, as investors seek a stable and reliable option. North East based Platinum...

Events platform finds new success with afternoon tea and comedy

An events booking platform which faced a loss of business during the lockdown has found renewed success - delivering afternoon teas to families at home, and providing corporate entertainment for staff ‘meetings’.

Brothers raise £400k for new software to help firms boost sales

A Newcastle tech start-up whose software helps sales staff to find and close new leads has raised £400,000 to further develop its product and expand its team.

Another investment manager joins YFM in Manchester

YFM Equity Partners (YFM) is continuing to expand its team with the appointment of Laura Sisson as investment manager.

Begbies Traynor in Hull strengthens team with director promotion

Experienced insolvency practitioner Laura Baxter has been promoted to director, based at Begbies Traynor’s growing offices in the Humber region.

Teeside manger uses lockdown to achieve top qualification

Rachel McCulloch, executive support manager at Active Chartered Financial Planners, is celebrating after successfully completing her Chartered Management Institution (CMI) qualification while working from...

North West tax consultancy promotes three to partner

Independent tax consultancy, Forbes Dawson, has promoted three of its team to partner as the business looks ahead to future growth. Michelle Hogan, Rebecca Bedford...

Clive Owen LLP Advises on Middlesbrough Engineering Acquisition

Clive Owen LLP Corporate Finance Director David Wilson has advised on the acquisition of Middlesbrough-based S R Engineering by Avenium Engineering. David introduced Steve Rusinek...

Q1 2020 insolvency statistics – R3 response

Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, responds to the publication of the Q1 2020 (January-March 2020) England & Wales insolvency statistics...

Coronavirus disruption – advice for tenants and landlords

Sarah Cameron, associate in Clarion’s real estate team, provides expert advice for tenants and landlords: As the lockdown restrictions continue without any certainty around an...

Advice on short term cash management during COVID-19 from YFM Equity Partners

Aaron Lowery, Investment Manager, YFM Equity Partners (YFM): The global COVID-19 pandemic has had a dramatic impact on the cash flows of most businesses in...

Healthy Investment defers bonus declaration to maximise potential member returns

Friendly society wants to add higher bonus to members’ funds later this year.

Roshan Puri joins YFM Equity Partners

Expanding PE house YFM Equity Partners (YFM), which has offices in Leeds, Manchester, Birmingham and London, has appointed Roshan Puri as an investment director.

One Utility Bill raises £1.7m in funding round led by DSW Angels

One Utility Bill - which simplifies utility billing for tenants, landlords and letting agents - has raised £1.7m in a funding round led by DSW Angels.

Finance Bill proposals will damage businesses, R3 warns

 The North West chair of insolvency and restructuring trade body R3 is calling on the Government to scrap proposals to give HMRC priority for payment in insolvency cases.

Thirteen helps put over £5million back in customers pockets

Thirteen has put more than £5million back into its customer’s pockets and helped over 750 people into jobs or training in the last year...

R3 – Coronavirus advice for businesses in Yorkshire

R3, the insolvency and restructuring trade association, has released advice for businesses which may be affected by the COVID-19 pandemic.
(L-R) Mark Holt ,Managing Director of Frenkel Topping Limited, Amanda Stevens, Hudgell Solicitors Chief Executive, and Richard Fraser, CEO of Frenkel Topping Group

Hudgell Solicitors to offer ‘life after settlement’ independent financial advice through specialists Frenkel Topping

People awarded significant damages settlements after being represented by Hudgell Solicitors will now also be able to benefit in a “one stop shop” service from leading...

Belle Vue Manchester boosts revenues and creates 20 jobs with expansion deal

Bus and coach hire firm Belle Vue Manchester has completed a deal which has created 20 jobs at the company and will add £1m to its revenues in a regular year.

“Could coronavirus funding lead us to the next Great Depression?” Asks UK finance broker

Hilton Smythe Finance, a finance broker for small businesses in the UK, has raised concerns that the speed and efficiency of processing the coronavirus...

Business distress already rising across South Yorkshire economy before covid-19 outbreak, report reveals

Business distress was becoming more prevalent across every sector of the economy, both in South Yorkshire and in the UK as a whole, immediately before the outbreak of the coronavirus pandemic in the country...

Well-known dealmaker joins growing SME private equity house

YFM Equity Partners (YFM), which has offices in Leeds, Manchester, Birmingham and London, has appointed David Wrench as an investment director as it continues to expand its investment team.

Decontamination firm on frontline in fight against coronavirus

A Doncaster business which provides decontamination services to laboratories nationwide is operating seven days a week to help in the fight against coronavirus.

Finance For Enterprise funding helps Louth packaging specialist protect patients and key NHS...

A Louth-based packaging company, which has seen demand for its products increase threefold to help the UK’s front-line battle against Coronavirus, has secured financial...

RG & RTC North collaboration to help North East-based SME’s access safeguarding jobs advice...

Ryecroft Glenton (RG) has entered into a strategic collaboration with RTC North to help North East-based businesses access part-funded advice and support on matters...

Belmayne kicks charity ball into next year

Dronfield-based financial planners, Belmayne, are postponing their charity fundraising ball, due to take place at the end of this month, following the coronavirus lockdown.

Yorkshire firms launch prompt payer initiative to support small businesses

Two Yorkshire-based small businesses have announced a commitment to an initiative to ensure suppliers of small businesses, and freelancers are paid promptly.

Equity Release Supermarket launch video chat capability to stay connected to customers

Leading independent equity release advisory experts, Equity Release Supermarket (ERS), today announced the launch of their new online video capability. Equity Release Supermarket has long...

YFM Equity Partners announce successful close for new £80m buyout fund

YFM Equity Partners (YFM) has announced the final close of its Buyout Fund II, ahead of target, with £80 million of committed funds and a wave of new high net worth and entrepreneurial investors.

Specialist Helping innovators Through R&D Tax Reclaims

A Cumbrian financial expert, who could save clients thousands of pounds in tax, is receiving enquiries from locations UK-wide, as a wide range of entrepreneurs look at ways to get through the coronavirus epidemic.

New partner appointed at Clive Owen LLP

Clive Owen LLP, the award-winning accountancy firm, which has offices in Darlington, Durham and York has appointed Ian Jarvis as a partner. Ian has created...