Sion Barry

2 weeks ago | business-live.co.uk | Sion Barry

A stone quarry in Swansea is looking to expand under new ownership following a £1.45m joint debt funding deal with HSBC and the Development Bank of Wales. Gwrhyd Quarry, which has been operational for over a decade in Pontardawe, produces Gwrhyd Pennant sandstone used in significant Welsh landmarks, including the Swansea Arena and the Senedd building in Cardiff Bay.

2 weeks ago | business-live.co.uk | Sion Barry

Community lending specialist BCRS Business Loans provided debt funding of £10m in its last financial year to support the growth of SMEs across Wales and the West Midlands. Midlands-based BCRS Business Loans, which provides funding to firms unable to access finance from traditional sources, provided £9.9m in funding to 124 businesses during its 2024-25 financial year - representing a 68% increase in the number of SMEs supported compared to the previous year.

3 weeks ago | walesonline.co.uk | Sion Barry

Barclays Bank, HMRC, Hugh James solicitors and an Ebbw Vale-based magician are among the club's creditorsCardiff Rugby owed well over 100 creditors an estimated total of £2.4m on the day it financially collapsed, it has emerged. Those creditors, which range from an energy company and bank to an Ebbw Vale-based magician and Merthyr Rugby Club, have little prospect for any returns, BusinessLive reports.

3 weeks ago | business-live.co.uk | Sion Barry

The former owners of Cardiff Rugby, which was acquired out of administration by the WRU earlier this month, failed to fund a £2m trading shortfall despite being legally obliged to do so as the club’s regional principal investors. It has also emerged that unsecured creditors of the collapsed business are estimated to be collectively owed £2.4m, with little prospect for any returns. HMRC, which is a secondary preferential creditor, is owed an estimated £1.4m relating to non VAT and PAYE payments.

3 weeks ago | business-live.co.uk | Sion Barry

Occupier and investor demand for commercial property in Wales edged upwards in the first quarter of the year, according to new research from the Royal Institution of Chartered Surveyors (RICS). Its latest commercial property montior shows a positive net balance of 5% of Welsh surveyors reported a rise in overall investor demand through the first quarter (Q1) of this year which is the highest this balance has been since March 2022.