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.
