Omega Red Group has agreed to buy out all interests in its business held by private equity firm 3i, ending a 17-year partnership. The partnership began when Nottingham-based Omega was set up in 1989. 3i provided 25% of the original share capital

The EEIBA Annual Review for the year to 31 December 2004 shows that the financial outcome is better than the previous year by some £35,000, but the published deficit at £308,000 gives the trustees continuing concern. With total assets at just under