Wednesday 9 February 2022

Job-creating plans to revamp and extend a historic hotel located on the Tynemouth seafront look set to be approved.
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Lee Humble, associate partner corporate finance at MHA Tait Walker, looks at what technology-based businesses should consider ahead of a transaction with a view to optimising valuation.
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Newcastle-based CD Group has been acquired by engineering recruitment and contracting company NRL Group.
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A newly-formed Newcastle-based marketing agency, which was created as a result of two companies merging, is aiming to establish its brand nationally following a six-figure investment from the North East Growth Capital Fund Loan Fund Supported by The European Regional Development Fund.
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Newcastle-based Ryecroft Glenton Corporate Finance (RGCF) has advised on a hat-trick of transactions in the first three weeks of 2022.
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A Stockton-headquartered HGV recruitment platform has raised more than £320,000 worth of funding, from an existing backer and private investors, to further develop its system and expand the business.
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XPS Pensions Group has acquired a specialist actuarial consultancy which works with HMRC as part of its pension scheme offering across the North of England.
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The North East Property Fund (NEPF) had doubled to £20m following its success in helping to create and sustain jobs in the construction market. The fund can now facilitate loans up to £2m.
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Facilities management company HLA Services has moved into larger offices at Commerce House in Middlesbrough.
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A 51-bed care facility for older people in Tynemouth looks set to progress.
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Plans for a job-creating Lidl food store in Norton look set to be approved.
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A new joint venture has been established with the aim of investing in purpose built student accommodation (PBSA) across popular UK university cities.
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Listed rental home provider Grainger has experienced a strong start to the financial year, with an increase in like-for-like rental growth, and its assets being let ahead of expectations.
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Construction engineering company Tolent has recruited a new chief financial officer who will work with its newly-appointed chief executive Paul Webster.
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Cramlington-based HTL Group has secured a high-value contract to supply specialist bolting equipment which will be used during the maintenance works of Nordex Delta4000 Wind Turbines, located onshore in Southern Norway.
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Northumberland-headquartered cleaning services company NECS is celebrating its 15th birthday with plans to onboard 100 new staff and grow its turnover by 50 per cent.
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Regional accountancy firm Azets has outlined plans to take on 1,000 apprentices in 2022.
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AIM-listed electronics manufacturer Filtronic is on track for a third consecutive year of EBITDA growth following a strong performance in its interim results.
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The UK's used car market grew by more than 11 per cent during 2021, according to the latest figures.
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Manufacturing companies are more upbeat about 2022 than might be expected after a challenging couple of years, according to new data, with the importance of recruiting and retaining staff with the right skillsets highlighted.
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