Thursday, April 22, 2021

Revenue soars at Sumo Group in ‘extraordinary year’

Sumo Group, the Sheffield-headquartered video games developer, has had an "extraordinary year" according to its CEO, after revenue and adjusted EBITDA soared. According to final...

Sheffield cloud service specialist raises £7m in share placing

ZOO Digital, a Sheffield-based provider of end-to-end cloud-based localisation and media services to the global entertainment industry, has raised £7.4 million through a share...

Yorkshire protein producer acquired by Canadian counterpart

Canadian protein producer, Sofina Foods, has acquired Yorkshire seafood and pork producer Eight Fifty Food Group for an undisclosed sum. Private equity firm, CapVest, acquired...

Progress for Animalcare Group despite widespread disruption

York’s Animalcare Group has returned revenues ahead of market expectations despite "significant strategic progress during an extraordinarily challenging year". For the twelve months ended 21...

Restart grants open to Leeds businesses transitioning out of lockdown

One-off restart grants are now available from Leeds City Council to help eligible businesses with the cost of opening up after coronavirus restrictions are...

Humber packaging specialist secures £110,000

A Humber-based packaging specialist has secured a £110,000 loan, jointly funded by alternative lending provider Finance For Enterprise and the Northern Powerhouse Investment Fund...

York-based vegan business raises £2.5m to scale up

VCF Foods has raised £2.5 million in seed funding as the York-based vegan food business looks to scale up domestically and overseas. The company, which...

Hull business to create jobs following six-figure LEP grant

Hull vehicle bodybuilder Paneltex has secured a £141,000 grant from the Humber LEP. With the grant, the business will fund equipment such as forklifts and...

Renew swoops for water-focussed engineering business in £29.5m deal

Renew Holdings, the listed Leeds-headquartered engineering services group, is acquiring J Browne Group, a water-focussed engineering business, for £29.5 million. According to Renew, the acquisition...

Yorkshire tech firm attracts Swedish investment

Castleford-based Renovotec is set for growth after agreeing a deal with Stockholm headquartered investment company Röko. Röko has acquired 75% of Renovotec, a provider of...

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Optimism rises among financial services firms in quarter to March

Optimism among financial services firms improved at the fastest rate since December 2013 despite business volumes stalling, according to the latest CBI/PWC survey. The survey, conducted between 1-19 March...

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