In Brief: Eddisons’ £8m auction success; Fairhursts; Darbys doubles up

AUCTIONEER Eddisons generated proceeds of nearly £8m at its recent three day sale in Manchester, Leeds and London.

Highlights included a fully let residential investment in Liverpool generating £20,400 per annum, which sold for £205,000.

The two properties on Upper Hampton Street, near to the universities, had been offered on the instructions of the joint LPA receivers at a guide price of £170,000+.

Meanwhile, a mixed commercial and residential opportunity in the Burnage area of Manchester, currently generating annual income of £11,160, sold for £173,000.  

Also in the North West, a vacant plotl of land extending to nearly four acres in the Royton area of Oldham was snapped up for £135,000. Among the residential stock was a vacant three bedroom semi-detached property in the Ladybridge area of Bolton which sold for £78,000 off a guide of £45,000+.

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NORTH West business advisers Fairhurst Accountants helped client manufacturer Expac (Preston) to take advantage of the government’s Research and Development (R&D) Tax Credits scheme, claiming in excess of £57,000.
 
The scheme, aimed at SME’s, allows businesses to recover the costs of developing innovative products and manufacturing processes.

Wigan-based Fairhurst, which has worked with Expac over the last six years, identified the business qualified for the scheme and using relevant expertise obtained tax refunds for both 2011 (£35,000) and 2012 (£22,000).

Expac, which is a contract manufacturer of household, health & beauty and toiletry products, says it has been “very impressed with the proactive advice” Fairhurst has provided and says the money it saved has allowed it to invest in new product lines.

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DARBYS Solicitors, the Oxford law firm which has grown its North West office from one to 30 people in the North West in the last 14months, has doubled its office space at Richmond House in Hale.

The firm has taken a secodn 2,700 sq ft suite on a five-year lease.

Managing partner Simon McCrum said: “We very much like the offices we occupy here and very much like being in the centre of Hale. Our growth though meant that we might have to look elsewhere for  a home.

“However, with the help of Ben Fallows of the Fallows Consultancy, our agent, the deal we have reached to take further space in the same building suits us perfectly. Richmond House offers a real alternative to corporate lawyers who want to avoid an hour‘s travel at each end of the day”.