East Midlands accountancy firm forges link with London-based private equity business
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Leeds’ Globe Point almost fully let as fifth new tenant secured
Olivia McDowell, investment manager at CEG, said: “It is fantastic to see SCC join the thriving business community within Globe Point. As a company with a wide range of public and private sector clients, the location, as well as the quality and design of the space appealed. Globe Point has fast become a success story delivering a new benchmark for the Temple district.”
ABP invests £1.5m to digitise asset management throughout the company
Site remediation paves way for new residential development in Huddersfield
Government plans to simplify employee share schemes to boost business growth
- Save As You Earn (SAYE): this allows employees to buy discounted shares in their company if they save money each month for three to five years.
- Share Incentive Plan (SIP): this allows companies to help their employees to purchase shares directly in their company or offer them as tax-free awards.
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Team17 names new CEO
Aceso names new risk account handler at Leeds office
Administrators appointed to Lincolnshire food manufacturer
Founded in 2019 and based in Boston, P&B operates in the alternative protein sector, manufacturing for the likes of Quorn, Princes, and Wicked Kitchen.
Like several other businesses across the sector, P&B experienced significant inflation across its cost base, primarily increases in food and energy prices. The business also suffered from several operational issues which resulted in periodic interruptions to production.
Following the appointment of James Clark and Howard Smith from Interpath Advisory as joint administrators on 31 May 2023, the company is carrying out limited trading while the administrators explore options for a sale of the business and its assets. The administrators have retained approximately 25 employees to assist them with ongoing activities.
James Clark, Managing Director at Interpath Advisory and joint administrator, said: “Businesses across the food and drink sector, and especially those in highly competitive sub-sectors such as alternative protein, are facing immense pressures at the moment, with rising costs impacting profitability.”
He added: “Over the coming days, we will be working with key stakeholders to explore the possibility of a sale of the business.”