Top 10 must-reads this week including £100m law firm opening in Leeds, debt disputes and more…
EVEN post-Brexit decision wobbles haven’t swayed the Yorkshire deals market this week.
The news came through that Safestyle veterans were taking over a £22m manufacturer in a management buy-in, with former chief executive John Ross keen to get back into the thick of it.
Another manufacturer, Polyframe, was bought by its management team, and both were backed by private equity deals. Not definitive proof but certainly indicative that despite market uncertainty, deals are still being completed.
Perhaps it was down to a case of collective schadenfreude that news of an accounting error made our top 10 list this week, causing a former Sheffield United professional footballer to be fined after his earnings were understated by £45,000.
Where you can lose £45,000 is a mystery, but the most suspicious part of the case was that his financials went to his accountants via his mother.
Our number one story this week was that top 40 law firm Shoosmiths would be entering the Leeds legal market. Claire Rowe, Shoosmiths chief executive said it was an opportunity for the £102m-turnover law firm to bring in new people and clients to the company and it will be interesting to see how the Manchester firm fits into what is already a reasonably saturated market – watch this space.
1. Top 40 law firm set to launch in Leeds
2. Private equity deal sees industry veterans take the helm of £22m-turnover manufacturer
3. Debt dispute puts joinery business into administration
4. Major shortfall for creditors of collapsed retailer revealed
5. Footballer fined after accounting error
6. 750 jobs set for the region as purpose-built manufacturing facility launches
7. Private equity investment supports MBO at £50m firm
8. City centre office building bought for £6.3m
9. Green light for first phase of 182-bed city centre hotel
10. Restaurants on the menu for Leeds with growth in the sector
