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UK Businesses in Distress, Open Cosmos 6G Satellite, Plumbworld’s 25-Year Milestone

The Business Magazine Newscast
The Business Magazine Newscast
Episode • Oct 22, 2024 • 2m

These are the top stories making the headlines across The Business Magazine website today:

Begbies Q3 Red Flag report shows rise in firms with 'significant' financial distress as uncertainty persists

The latest Begbies Traynor Red Flag Alert report reveals a 5.1% increase in UK businesses experiencing 'significant' financial distress during Q3, highlighting ongoing economic uncertainty and concerns ahead of the Autumn Budget.

Full story here: https://thebusinessmagazine.co.uk/companies/begbies-q3-red-flag-report-shows-rise-in-firms-with-significant-financial-distress-as-uncertainty-persists/ 


Oxfordshire's Open Cosmos chosen to deliver innovative 6G in-orbit lab

Oxfordshire-based Open Cosmos has been selected to operate and manufacture a groundbreaking 6G satellite precursor as part of a TESAT-led consortium, aiming to revolutionize future communications with an in-orbit lab for end-to-end connectivity research.

Full story here: https://thebusinessmagazine.co.uk/companies/oxfordshires-open-cosmos-chosen-to-deliver-innovative-6g-in-orbit-lab/ 


Worcestershire's Plumbworld eyeing £200m sales as it celebrates 25 years in business

Evesham-based Plumbworld, founded by James Hickman in 1999, celebrates its 25th anniversary with ambitions to achieve £200 million in sales after surpassing the £100 million mark for the first time.

Full story here: https://thebusinessmagazine.co.uk/companies/worcestershires-plumbworld-eyeing-200m-sales-as-it-celebrates-25-years-in-business/ 

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