Silentnight, Bentley and the BBC: Your BusinessLive North West round-up

Latest news from BusinessLive Read in browser by Jon Robinson 🔹 Fri Nov 4, 2022 BusinessLive North West Editor Silentnight losses continue to widen despite sales rise as headcount falls by 250 Silentnight's headcount fell by almost 250 people as its losses widened by almost £6m during its latest fi

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by Jon Robinson 🔹 Fri Nov 4, 2022 BusinessLive North West Editor

Silentnight losses continue to widen despite sales rise as headcount falls by 250 Silentnight's headcount fell by almost 250 people as its losses widened by almost £6m during its latest financial year, it has been revealed. Newly-filed documents with Companies House show that the Lancashire-headquartered business employed an average of 723 people during the 12 months to January 29, 2022, down from 971 in the prior period. The latest accounts also show Silentnight's pre-tax losses widened from £1.2m to £7.1m despite its turnover rising from £110.8m to £121.6m. Before the Covid-19 pandemic, the company's turnover stood at £133.9m and its losses at £888,000. Read the full story here

More North West stories from BusinessLive Private equity giant that used to own Dreams and ScS buys Manchester digital agency Greater Manchester's night time economy tsar Sacha Lord rules out MP bid after joining Labour LadBible rival KOMI Group secures 'significant investment' from BGF Shares spike at Russell Hobbs seller Ultimate Products after sales and profits surge

BBC to make major MediaCity move to help cut costs The BBC has revealed plans to exit Bridge House in MediaCity, Salford, where BBC Children's and Education and some BBC Sport and operations staff are based. Staff are to move to nearby alternative MediaCity sites - Quay House and Dock House. The BBC said the plans will reduce the size of its property portfolio as part of ongoing reforms to "deliver a simpler, leaner and more efficient organisation". The moves are expected to be completed in the spring of 2024. Read the full story here

National news from across our network Interest rates up to 3% as Bank of England bids to tackle cost of living crisis and warns of long recession Sainsbury's hiring for 18,000 Christmas jobs Food inflation soars to record high as energy costs bite Royal Mail workers could strike on Black Friday and Cyber Monday Rolls-Royce on 'path to investment' after repaying £2bn debt Raleigh launches limited edition of classic 80s Tuff Burner

Contact us You can get in touch via email - jon.robinson@reachplc.com, follow him on Twitter @JonRobinsonNews. And you can stay up to date with BusinessLive North West on Linkedin.

Hollyoaks and Celebs Go Dating maker bounces back from pandemic slump The maker of Hollyoaks, The Only Way is Essex and Geordie Shore bounced back from the Covid-19 pandemic during its latest financial year, it has been revealed. Liverpool-headquartered Lime Pictures achieved a turnover of £63.3m and pre-tax profits of £5.2m in 2021, up from £50.8m and £3.2m in 2020, according to recently-filed documents with Companies House. Those figures compare to a turnover of £69.5m and pre-tax profits of £5.7m it reported in 2019. Read the full story here

Castore to create 150 jobs at 'mystery' distribution centre Fast-growing Manchester-headquartered sports clothes seller Castore has announced the opening of a new distribution centre that is expected to create up to 150 jobs. It's undoubtly good news for the firm, which was founded by brothers Tom and Phil Beahon (pictured), and will make a positive impact to the local economy around the new centre. However, the release proclaiming the news only revealed the 111,327 sq ft site is based "in the North West of England". When pressed by BusinessLive for a more exact location, the company's PR representatives offered that the centre is "off the M62 between Manchester and Liverpool". If any eagle-eyed reader spots this 'secret base' from their car window, do let us know!

Profits more than double at Bentley as new models drive sales Luxury car maker Bentley more than doubled its profits during the first three quarters of its financial year "despite continuing challenges and uncertainty in the global economy". The Crewe-headquartered company has posted operating profits of €575m for the nine-month period, up from the €275m it achieved during the same time in its previous financial year. The business, which is owed by VW, has also reported a revenue of €2.490bn, up 28% from €1.949bn. The 23.1% return on sales was the highest in Bentley's 103-year history, the firm added. Read the full story here

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