£2bn of loans could be floated to small businesses as part of the
government’s moves to shore up the foundation of the UK economy.
Lord Mandelson the business secretary is set to make the announcement this
week, according to
Firms employing fewer than 50 staff will be able to dip into a £1bn pot of
The business secretary is also considering plans for a separate £1bn scheme
for exporters, keeping companies afloat while they wait for their overseas
customers to pay invoices.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children