Some people in the insolvency industry object when journalists report a business as having "collapsed into administration".
They point out that administration is intended to be a way of rescuing a business. I take the point and try to avoid using the phrase for that reason - although some cases of administration seem more like collapses than others.
In the case of Brymor Construction, administration does seem to have achieved the preferred outcome of saving the business. The Hampshire-based builder - whose current projects include the Saints' new gym and Poole Quay's Vespasian development - has seen its business and assets sold out of administration
, and we reported that all 107 jobs had been saved.
- A funeral director who died with his affairs in a "mess" had not ring-fenced the thousands of pounds people had paid him for funeral plans
. This story reached the Daily Mail after we broke it locally.
- Poole's cosmetics retailer Lush appeared in the news twice: once for winning an award as a Living Wage trailblazer
(and announcing that it would like to see someone else win next year) and again for investing ￡7.6m in bricks-and-mortar retail
through shop openings and refurbishments.
- A new Tesla showroom and service centre
will open in Dorset this weekend. (Report by Andrew Goldman.)
- Consultation is under way over plans to turn farmland near Bournemouth's universities into an "innovation quarter"
for businesses.
- A celebrity chef is shutting a Dorset pub
, citing rising costs and unprecedented problems with finding staff. (Story by Oliver McManus.)
- Business confidence is at its lowest point
since early in the pandemic in April 2020, research has found.
- The power is on the side of the candidate in many recruitment situations at the moment, and one expert in the tech and software sector says cumbersome recruitment processes
are causing some large businesses to miss out on the best talent.
- Dates have been revealed for strike action
on Red Funnel's Isle of Wight ferries.
- Industrial land is changing hands for record sums
in Hampshire, a property specialist has reported.
- The owner of several restaurants has expanded again with the opening of a new venue
. (Story by Sophie Gibbons.)
- A rival offer could still come in
for Bluestar and Morebus operator the Go-Ahead Group, whose shareholders had been urged to back a ￡650m sale to a consortium including an Australian operator.
- With the cost of living crisis - and particularly fuel bills - on everybody's mind, my colleague Maya George reported on some of the calls from distressed customers
to Hampshire supplier Utilita.
- Plans for a new Aldi store at Hedge End have run into objections
. (Story by Chris Yandell.)
- A Hampshire firm specialising in security for superyachts has bought a Scottish company
involved in offshore safety.
- Hampshire employer Zurich is giving support worth ￡900,000
to school breakfasts, mental health support for young people and dementia care.
- The digital, tech and creative sector went socialising again
with a new event designed to bring the industry together.
- Would you like pay-per-click advertising demystified? A free webinar
is being held by LOCALiQ, the digital marketing arm of Echo publisher Newsquest.
- And if you're in Hampshire or the Isle of Wight, have you entered the South Coast Business Awards, or nominated someone else? This week, we profiled the New Business category
which is being sponsored by Starling Bank.
One of the most interesting things I've read this week is this post
and associated article by Bournemouth's Trisha Lewis about charisma.
What is charisma, can you learn it, and is there a bad kind? Trisha has some great insights.
The?Capital Business Bulletin
, in partnership with Hampshire Chamber, brings you the top Hampshire business news on Mondays at 7am, along with a preview of the coming week in business.
The Bournemouth Echo's?Business Digest
?arrives at 10am on Tuesday.
All that comes for free. But if you'd like to support local journalism by subscribing to the?Southern Daily Echo
, the?Daily Echo Bournemouth?
or the?Dorset Echo
, I'd love you to do so. Why not take out a free 30-day trial?
I'm not working next week, so there will be no LinkedIn article. I'll be back with you on July 29.
In the meantime, have a great weekend.
