Council’s Redwood Bank sale talks to remain confidential
WARRINGTON Borough Council’s proposed sale of Redwood Bank as part of the ongoing budget measures to reduce debt will remain confidential.
WARRINGTON Borough Council’s proposed sale of Redwood Bank as part of the ongoing budget measures to reduce debt will remain confidential.
REDWOOD Bank, the bank part-owned by Warrington Borough Council has announced it has doubled its profit before tax just months before it expects to complete a reverse takeover to go public.
OPPOSITION Tories on Warrington Borough Council are calling for an “urgent statement” from deputy leader Cathy Mitchell after the council’s draft statutory accounts for 2022-23 showed a £32m investment in Redwood Bank was now valued at £6.7m.
BRITAIN’S newest business bank, Redwood Bank, has officially launched its local office in the heart of Warrington – backed by the town’s Borough Council which has a 33 per cent stake in the business.