Newspaper article The Journal (Newcastle, England)

March

Newspaper article The Journal (Newcastle, England)

March

Article excerpt

Chief executive of the North East Chamber of Commerce George Cowcher quit the organisation he had headed for the past three years.

Mr Cowcher, one of the region's most prominent business figures, left the 4,200-strong member body "by mutual consent".

The father-of-three had presided over a period in which the NECC's influence, membership levels and turnover had all increased and his departure surprised observers.

Mr Cowcher, 51, had been a high profile presence in campaigns including The Journal's Go For Jobs initiative and the Aspire campaign for young people in the North-East.

In a statement, NECC president Maggie Pavlou said: "We are sorry to see George Cowcher leave the chamber and wish him all the best for the future."

THE company that supplied machinery to raise the stricken Russian nuclear submarine, the Kursk, announced plans to almost quadruple turnover to pounds 30m in a year after expanding its Tyneside base.

Newcastle-based SMD Hydrovision, a subsea manufacturing company, clinched a batch of multi-million pound orders and expanded its headquarters ( allowing it to grow turnover from pounds 8m in 2005 to pounds 30m inside 12 months.

The company had already taken staff numbers at its Turbinia Works in Walker to 85 as it prepared for the surge in business.

SMD was waiting for the green light from planners so it could create advanced design and administration offices on the site later in the year.

LEAFLET distribution company Amaro appointed an insolvency practice to help manage its debts.

The Gateshead company, which had been very fast growing, held a meeting with Eric Walls from Newcastle-based Marlor Walls to discuss a Company Voluntary Arrangement (CVA).

This was a deal between the company and its creditors to repay them, either from future profits or from the sale of assets, with the existing management staying in control. …

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