Business News

Pearson May Financial Update: Late filing penalties for tax returns delayed until February 28

February 2, 2021
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Pearson May Financial Update: Late filing penalties for tax returns delayed until February 28

In a surprise move and with only a week to go until the 2019/20 tax return filing deadline, HM Revenue & Customs (HMRC) announced on January 25 that it would not be charging the usual automatic late filing penalties of £100 for any 2019/20 tax returns that were not filed by January 31, 2021....

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Key themes for business covered in West of England China Bureau’s schedule of 2021 online events

February 2, 2021
By
Hainan Free Trade Port

China’s booming Shandong province will be the subject of the next webinar to be staged by the West of England China Bureau. It has set out a year-long programme of online events co-ordinated and hosted by Hewlett Rand, a long-term bureau member.  Having focused on the vibrant tech and start-up ecosystem of the Greater Bay Area - which...

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More growth for Bishop Fleming as it makes double partner promotion

February 2, 2021
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Regional accountancy group Bishop Fleming, which has an office in Bath, has promoted two directors to partner as it continues its growth strategy despite the challenges presented by the coronavirus pandemic. Dan White and Rob Pearce’s promotions will bring the firm’s partner group to 34 and, with a record number of trainees recruited last...

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Bath Business Blog: Roger Isaacs, forensic partner, Milsted Langdon. Business interruption insurance claims – What can be claimed

February 1, 2021
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Bath Business Blog: Roger Isaacs, forensic partner, Milsted Langdon. Business interruption insurance claims – What can be claimed

More than 370,000 small businesses in England and Wales could be eligible to claim via their business interruption insurance policies for disruption during the first Covid-19 national lockdown, following the Supreme Court’s important ruling. This ruling substantially allowed the appeal brought by the Financial Conduct Authority (FCA) and campaign groups Hiscox Action Group and...

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New government relief scheme welcomed by Bristol Airport – but CEO calls for additional help

February 1, 2021
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New government relief scheme welcomed by Bristol Airport – but CEO calls for additional help

Bristol Airport has welcomed the launch of a government scheme to pay towards UK airports’ fixed costs as they face huge losses as a result of Covid-related restrictions. Under the new scheme commercial airports and ground handlers will be able to apply for up to £8m each to support with fixed costs while travel...

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Ahead of the Agenda: The Week Ahead

January 31, 2021
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Monday February 1 Final: Porvair Interim: Hargreaves Lansdown Economic announcements: M4 money supply, Consumer credit, Mortgage approvals, PMI manufacturing Tuesday February 2 Finals: BP, Idox, Sureserve Interims: Filtronic, NWF Group Trading announcements: Gem Diamonds, SSE, Virgin Money UK Economic announcement: Nationwide house price index Wednesday February 3 Interim: Frontier Developments Q4 result: Glaxosmithkline Trading announcement: Vodafone Economic announcement: PMI services Thursday February 4 Finals: Nokia, OMV...

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Inspecs sees opportunities for further growth in global glasses industry after ‘extraordinary’ year

January 29, 2021
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Inspecs sees opportunities for further growth in global glasses industry after ‘extraordinary’ year

Bath-based spectacles designer and manufacturer Inspecs today said it was in a strong position to take advantage of weaknesses in its industry despite a 32% drop in revenue. The firm made two major acquisitions last year, using part of  the £23.5m it raised when it floated on the London Stock Exchange’s junior Alternative Investment...

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Jobs saved as engineering group takes over failed Bath aerospace business

January 29, 2021
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Jobs saved as engineering group takes over failed Bath aerospace business

An aerospace manufacturing group based just outside Bath has been sold out of administration, safeguarding the jobs of all its 126 workers. AVPE Investments, based in Bitton, which made parts for global aircraft manufacturers such as Airbus, Magellan and Shenyang Aircraft Corporation, suffered a 60% fall off in orders as a direct result of...

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Gloomy South West firms see no short-term relief from Covid-19 but vaccine roll-out lifts spirits of some

January 29, 2021
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Gloomy South West firms see no short-term relief from Covid-19 but vaccine roll-out lifts spirits of some

Business confidence among South West firms has slumped to the lowest in England as the latest lockdown pushes sales down further and puts more pressure on staffing levels. Just 11% for businesses in the region expect trading levels to have returned to pre-pandemic levels by this time next year while one-in-five expect to have...

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Bath firms urged to join Children’s Hospice South West’s business club and bring in much-needed funds

January 29, 2021
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Bath firms urged to join Children’s Hospice South West’s business club and bring in much-needed funds

Bath PR agency Second Mountain Comms has become the first in the city to join Children’s Hospice South West’s new business club and is encouraging other companies do the same. The club aims to recruit 100 businesses this year, each paying £300 for their membership, to help the charity raise £30,000 – – enough...

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