Monday 16 May 2022

An independent electrical wholesaler has reported a year of "significant and stable growth" across its six North East branches in its latest financial results.
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The insolvency profession has sounded warnings for quite some time about a predicted 'debt tsunami' resulting from the Covid-19 pandemic. Now it looks like it's finally arrived. But what can businesses do to get ahead of the wave? Julie Parr, director of business improvement at Muckle LLP, offers her advice.
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Technology giant Sage has acquired Futrli, a cash flow forecasting software service for small and medium-sized businesses and accountants.
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The number of transactions recorded in the first quarter of the North East's M&A market fell, according to a new report, which also details the most active advisers. However, it was noted that while the figures indicated a "cautious start" to the year, they were up against the "busiest ever quarter" for activity in the region in Q1 2021.
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An Abu Dhabi-headquartered telecommunications giant has acquired a stake in Vodafone.
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Roland Lee, founding director of Hale, says the increase in requirements for inner city and urban logistics have created greater and greater pressure on land resources in the inner city. This has forced landowners, developers, local authorities, and architects to get creative about how they develop and utilise space in urban areas.
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Philip Hirst, senior associate at Hollis Global, talks about the new era of real estate in the North East.
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Software consultancy Scott Logic has outlined plans to create 200 jobs as part of its growth plans, following the opening of its new headquarters at the Lumen in Newcastle Helix.
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Plans have been revealed to extend a job-creating energy from waste plant in Billingham which is currently under construction.
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Newcastle-based JDDK Architects has worked on plans for a visitor centre and learning centre at Oldham's Northern Roots urban farm and eco-park.
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Ian Wilson from Mercia Asset Management PLC, says the North East’s ability to reimagine its economy is well documented. Amidst the backdrop of fast-growth and M&A activity during the green power transition, intrepid sustainable start-ups are seizing the moment. The diverse businesses now ascending are evidence of a new kind of sustainable entrepreneurship emerging in the North East which are distinct but still relate to the region's prior history of endemic entrepreneurship.
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Commercial vehicle specialist North East Truck and Van has dealerships across the North East and other parts of the North of England, employing over 200 people and has been supplying first-class services to customers for other 50 years. Philip Cunliffe caught up with managing director John McDonald to find out the secret to the company’s success.
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Bakery giant Greggs has said its expectations for the full year remain unchanged after sales grew at the start of the year, but the business noted that market-wide cost pressures are increasing.
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A Newcastle-based design and digital agency has reported its best ever year, with turnover reaching seven figures.
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Detection technology developer Kromek has said it is expecting accelerated growth for the year ahead, following a strong H2 2022, despite supply chain issues delaying orders.
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Hartlepool-based automotive manufacturer TMD Friction has expanded its UK engineering excellence department to support further growth of the business.
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