Northern Financial Review

Lancaster University spinout firm Quantum Base has announced plans to float on the AIM market of the London Stock Exchange. The company is seeking to raise…

Ilkley, Yorkshire-based medtech company Eventum Orthopaedics, whose device could revolutionise knee replacement surgery, has raised a further £3.8 million from investors. The money has been…

Rotherham-based land developer Harworth Group plc reported record revenue of £181.6 million for 2024 and total property sales of £215.8 million. Harworth concluded a £106.6…

Manchester and London-based OakNorth — a digital bank for entrepreneurs — said it has agreed to purchase Community Unity Bank (CUB), an FDIC-insured community bank based…

Shares of Manchester-based Genedrive plc rose after it said a Scottish Government investment into phased delivery of two national scale pharmacogenetic testing programs will utilise…

Leeds-based supermarket group Asda said its total revenue fell 0.8% to £21.7 billion in 2024 while like-for-like sales (excluding fuel) were lower by 3.4%. Asda executive…

Marshalls plc, the Elland, West Yorkshire-based stone and landscaping firm, said its reported 2024 profit before tax rose 77% to £39.4 million despite revenue slipping…

Dublin-based Clio, a cloud-based legal technology firm, announced the acquisition of Manchester-based ShareDo, a provider of cloud-based enterprise software for large law firms. Clio said ShareDo produces…

Manhattan-based UiPath, the enterprise automation and AI software company, has announced the acquisition of Peak, an “AI-native” company based in Manchester. UiPath said Peak enables customers to…

Newcastle International Airport said a new cargo hub earmarked to be built at the airport could create thousands of jobs and boost the North East of…

Bodycote, the Macclesfield-based heat treatment and thermal processing giant, said its 2024 revenue fell 5.7% to £757.1 million and statutory profit before tax plummeted 75%…

Doncaster-based DFS Furniture plc said on Thursday it is on track to deliver full year profit performance ahead of market expectations. DFS shares rose at least 10%….

A concerted focus on significant investment opportunities in the North West of England — linked by a new Liverpool-Manchester railway — could lead the UK’s…

Leeds-based piping and ventilation systems firm Genuit Group plc — formerly called Polypipe Group — said its 2024 revenue fell 4.3% to £561.3 million and underlying profit before…

Merseyside-based Applied Nutrition plc, the sports nutrition, health, and wellness brand, announced a key strategic update with Holland and Barrett and three new “material listings”…

Manchester-based fashion retailer Boohoo said it has rebranded as Debenhams Group — and that Phil Ellis will become group CFO and a member of the board,…

Merseyside-based Vimto and soft drinks firm Nichols plc said its 2024 adjusted profit before tax rose 15.6% to £31.4 million as its revenue edged 1.2%…

Manchester United plc said it has thrown its support behind the UK Government’s growth agenda by announcing its intention to pursue a new 100,000-seat stadium…

York-based house building giant Persimmon plc said its revenue rose 16% to £3.2 billion in 2024 and underlying pre-tax profit rose 10% to £395.1 million. Full-year dividend…

Durham-based Atom Bank, the UK’s first app-based bank, announced it is moving its HQ to the iconic Pattern Shop in Newcastle. “Once where Robert Stephenson…

Liverpool FC and adidas have agreed a new multi-year partnership that will see the sportswear giant once again become the club’s official kit partner. News…

NPIF II – Maven Equity Finance, which is managed by Maven as part of the Northern Powerhouse Investment Fund II, has invested £1 million in…

Cheshire-based NWF Group plc, which delivers fuel, food and agricultural feeds across the UK, said it has acquired Northern Energy Oil Limited, which operates five sites in…

Assura plc, the Altrincham-based healthcare real estate investment trust (REIT), said on Monday it is “minded to recommend” a £1.607 billion “possible” cash takeover offer it…

Manchester and London-based OakNorth — a digital bank for entrepreneurs — has publishes its latest annual report, revealing pre-tax profits of £214.8 million for 2024, up from £187.3…

Surface Transforms, the troubled Knowsley-based maker of disc brakes for supercars, announced that chief financial officer Isabelle Maddock “has informed the board of her intention to…

Everton Football Club said it has agreed long-term financing for its new stadium on Liverpool’s waterfront. “The funding, totalling £350 million, is from a consortium…

North Shields-based “delivered wholesale” business Kitwave Group plc said its revenues increased 10.2% to £663.7 million in the year to October 31, 2024. Profit before tax…

The UK’s Competition and Markets Authority (CMA) said the Manchester-based Co-op Group has admitted to 107 breaches of an order put in place “to protect…

Newcastle United Limited reported that its turnover increased 28% to £320.3 million in the year to June 30, 2024, “with significant increases across the majority…

A multi-billion pound data centre for Northumberland has moved a significant step closer to reality after the proposals were granted planning permission. The approval for…

Newcastle-based safety tech company Notify Technology, whose clients include McDonalds, Siemens and the NHS has raised a further £1.5 million from Calculus Capital, the North…

SIG plc, the Sheffield-based international building materials supplier, said its 2024 statutory group revenue fell about 5% to £2.61 billion and its loss before tax…

Manchester-based technology training firm Northcoders Group plc announced that it has secured a new finance agreement to support the company’s next stage of growth. Northcoders also…

75Media, the Leeds-based roadside media company, has secured a seven-figure investment from NPIF II – Mercia Equity Finance, which is managed by Mercia Ventures as part…

Barings said it agreed the £152 million forward funding with Manchester-based developer Glenbrook of a mixed build-to-rent (BTR) and build-to-sell scheme near Leeds city centre….

Shares of Runcorn-based workwear and textile firm Johnson Service Group (JSG) rose as much as 12% after it published strong 2024 results, raised its dividend 43% and…

Shares of Newcastle-based Greggs fell as much as 13% on Tuesday despite the firm reporting that 2024 sales rose 11.3% to a record high of…

Switzerland-based Sika said it has acquired Whitley Bridge, North Yorkshire-based Cromar Building Products, a supplier of roofing systems in the UK. “The acquisition opens up…

Manchester-based HSS Hire Group plc reported that its 2024 like-for-like revenues, excluding the Power business it sold in March 2024, were down 2% on the prior…

Assura plc, the Altrincham-based healthcare real estate investment trust (REIT), announced on Monday it has exchanged on the disposal of seven assets for a gross consideration…

Shares of Severfield, the Thirsk, North Yorkshire-based steel group, fell more than 40% on Monday after the firm published a negative trading update for the year…

Newcastle and Dublin based VRAI, a start-up whose dual use technologies enable greater data-driven insight from simulation-based training, has raised £4.2 million in a Series…

Newcastle-based NorthStandard, the global marine insurer, said its 2024-25 premium income is expected to increase 4% to over $870 million. NorthStandard was established through the…

Liverpool FC has filed its annual financial accounts for the year to May 31, 2024, which saw the club achieve more than £300 million in…

Leeds Building Society said its total savings balances reached a record of £24.5 billion in 2024, over 18% higher than 2023. The mutual said it…

Bradford-based Yorkshire Building Society said its balances increased £4.9 billion in 2024 to £52 billion in a year when it paid “favourable” rates that were “0.90…

Venture capital firm BGF said it has completed the successful exit of its investment in Sheffield-based Independent Forgings and Alloys (IFA). Trive Capital, a US private…

New York-based Kyndryl — the world’s largest IT infrastructure services provider — has confirmed the launch of a new technology hub in Liverpool that will “support…

The mutually-owned Skipton Group, which includes Skipton Building Society, estate agency Connells and other businesses, reported group mortgage balances growth of 8.2% to £30.9 billion…

Manchester-based household and professional cleaning products firm McBride said its profit before taxation rose 47.7% to £25.7 million for the six months ended December 31,…

Leyland, Lancashire-based bathroom retailer Victorian Plumbing Group plc published an update on trading for the first 21 weeks of FY25 for its Annual General Meeting on…

Shares of Manchester-based holiday firm On the Beach Group rose about 3% after it published a year-to-date trading update (FY25) for its Annual General Meeting on…

Croda International, the Snaith, East Yorkshire-based FTSE 100 specialty chemicals giant, said its 2024 group sales slipped 3.9% to £1.628 billion and profit before tax…

The Manchester-based Co-operative Group (Co-op) announce the appointments of digital growth expert Wais Shaifta and political and equalities activist Simon Woolley as independent non-executive directors. The…

Manchester United plc announced that it will “transform” its corporate structure as part of a series of additional measures “to improve the club’s financial sustainability…

Liverpool-based B&M European Value Retail announced that Alex Russo has advised the board of his intention to retire as group chief executive and a director…

Doncaster-based DFS Furniture plc announced the appointment of Tony Buffin as an independent non-executive director of the company. Buffin will also be appointed as a member of…

A massive UK government office complex for 7,000 civil service roles has been given planning consent to be built in Manchester. Manchester Digital Campus will be…

Liverpool City Region Mayor Steve Rotheram has completed a diplomatic visit to Dublin and Belfast, setting the stage for a new era of economic collaboration…

Manchester-based commercial property investor and developer Bruntwood Group has published annual accounts for the period ending September 30, 2024 — its first set of results following a…