HM Revenue & Customs is ramping up its scrutiny of “side hustle” earnings, requiring online platforms such as eBay, Vinted and Airbnb to submit information on users’ incomes for 2024 by the end of this month. However, concerns have been raised that the discrepancy between the UK tax year (April to April) and the OECD’s […]
Sara Davies, the Dragons’ Den entrepreneur, is set to regain control of Crafter’s Companion, the craft supply business she founded, through a fast-tracked pre-pack insolvency deal. The company, which gained international acclaim for its paper craft, art, and sewing products, filed a notice of intention to appoint administrators at the High Court following a fall […]
Emma Watson’s premium gin venture Renais has raised nearly £5 million to speed up its global expansion, building on its reputation for sustainable production and strong international demand. Co-founded by the Harry Potter star and her brother, Alex Watson, the Dorset-distilled gin uses grapes sourced from the Burgundy region, including a small proportion from the […]
Tide, the fast-growing SME-focused banking services platform, is lining up a fresh share sale valued at more than £50m as it expands its presence in the UK and abroad. The company is understood to be in discussions with investment banks, including Morgan Stanley, about overseeing the primary fundraising in the coming months. Sources say the […]
Fuel Ventures, one of the UK’s most prominent venture capital funds, has announced the closure of a £20 million investment round backed by key Chinese investors, including the Shijingshan Industrial Fund and Zhongguancun Development Group. The deal underscores the UK’s appeal as an emerging destination for Asian capital and sets the stage for deeper collaboration […]
A pioneering London-based electric taxi firm has secured a £1.6 million asset refinance deal, strengthening its position in the capital’s rapidly evolving green transport sector and setting the stage for major growth. Sherbet Electric Taxi Company, which has fully decarbonised its fleet of London black cabs, will use the funding to pursue strategic mergers and […]
Padel Social Club (PSC) has welcomed Brit Award-winning, multi-platinum artist Stormzy as its newest investor, a move that underscores PSC’s growing influence in the UK’s emerging padel landscape. Stormzy’s support amplifies the club’s mission to popularise the sport and foster a dynamic community around it. The partnership comes at a pivotal time for PSC, as […]
Tangle Teezer, the British hairbrush company famously rejected by Dragons’ Den panellists seventeen years ago, has been acquired by French consumer goods giant Bic in a deal worth €200 million. Founded in 2007 by former hairdresser Shaun Pulfrey, 63, Tangle Teezer was initially met with scepticism by investors including Peter Jones and Deborah Meaden on […]
SME manufacturers in the north west of England will benefit from an additional £230,000 in funding to accelerate the adoption of advanced digital technologies and strengthen their competitiveness. The Department for Business and Trade (DBT) has awarded the extra funding to Made Smarter Adoption North West, enabling at least ten more businesses to introduce transformative […]
Abu Dhabi’s sovereign wealth fund is set to acquire the automotive division of McLaren, the renowned British supercar manufacturer, in a move that reshapes the ownership of one of the UK’s most iconic motoring brands. The deal follows a difficult period for the Woking-based firm, which recorded a record annual loss of £924 million in […]