Business News



Brighton-based Auctioneers Austin Gray has defied the national trend by reporting a 94% success rate at its last auction held in July.

With a sale total of over £3.6M, the company are optimistic following the result, especially when comparing it to many national Auction houses that recently reported a 76% success rate.

Nick Muston, Head of Austin Gray Auction, says: “We are excited with the way things are going and pleased with the results from our Auctions in July. Now our prime objective is to keep the momentum we have built up for the sales. We just love the challenge.”

For more information or to access any Austin Gray auctions online visit their website



The entries for this year’s Sussex Business Awards are now in and looking bigger and better than ever.

For the fourth year in a row there has been a ten per cent increase in entries and the judges will now begin interviewing their personal shortlist as the entries are whittled down to the final shortlist.

Now celebrating its 26th year, the awards are the longest established scheme of its kind in the county and this year will feature around 100 businesses from 30 towns across Sussex, competing for 16 trophies.

The final shortlist is decided by the judges in October and will be announced in the November issue of Absolute Magazine.

Winning an award can make a massive impact on businesses, with increased company awareness and expert judge feedback offering great support as they look to expand their company’s grasp on the market.

Absolute are sponsoring this year’s event and are proud to be partnering the prestigious competition that attracts the best of Sussex’s businesses.

The ceremony will take place on Wednesday 10th December at The Grand Hotel, Brighton and to buy tickets or for more information on the Awards, visit the website at


Funding for start-up businesses may never be the same again.

After a successful trial in Brighton & Hove, The Funding Room has now been launched in Sussex, offering an online matchmaking service for start-ups and small businesses.

The service aims to secure initial funding for a company which may not be able to access High Streets bank lending by introducing them to local investors.

With similarities to the TV show Dragons Den, The Funding Room provides companies with the opportunity to find investors, and spokesman Phil Davies explains the concept.

He says: “The company pitches to a local investor, either face-to-face or via an online video chat. If the investor likes what he or she hears and thinks the idea has ‘legs’, then they strike up a deal whereby the investor offers backing to the start up business for a percentage of the turnover.

“The service boasts an investor portfolio that spans many industry sectors so, no matter how obscure, all ideas may be considered.”

For more information visit