Finance

£13m investment for innovative firm developing rapid testing for infectious disease

January 30, 2015
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£13m investment for innovative firm developing rapid testing for infectious disease

Trowbridge-based health diagnostic company Atlas Genetics has received a $20m (£13.3m) investment to expand the range of its latest innovative infectious disease testing devices and launch in the US. The firm, which was set up in 2005, has developed pioneering ultra-rapid point-of-care (POC) tests for STI (sexually transmitted infections). Its latest system – called...

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New partner joins EY’s expanding South West tax practice

January 20, 2015
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New partner joins EY’s expanding South West tax practice

Big Four accountancy firm EY has appointed Karen Kirkwood as a partner to lead its South West tax practice as it continues to expand the team. Karen, pictured, has 20 years’ experience providing tax advice to a broad range of companies and private equity backed businesses. She joins  from PwC in London and will...

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Further growth for 1pm with half-year profits and sales up – but it warns they will be lower next time

January 20, 2015
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Further growth for 1pm with half-year profits and sales up – but it warns they will be lower next time

Pre-tax profits at 1pm, the fast-growing Bath-based specialist lender, rose by 25% to £700,000 in the six months to November 30, it announced this week. The profits rise came on sales up 31% to £2.56m as the firm’s expansion continued. New business written during the period was up 36% on the same period last...

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Former head of BDO in South West appointed to lead restructuring firm Quantuma’s move into the region

January 18, 2015
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Former head of BDO in South West appointed to lead restructuring firm Quantuma’s move into the region

Specialist restructuring firm Quantuma has expanded into the South West with an office headed by former BDO regional head Graham Randall. The firm, which already operates from bases in Southampton, Marlow, London and Brighton, has opened a Bristol office to provide specialised restructuring advice on all forms of insolvency procedures. Until recently Mr Randall,...

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Jobs to be created by Bath finance firm 1pm following move to bigger office

January 16, 2015
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Jobs to be created by Bath finance firm 1pm following move to bigger office

1pm, the Bath-based lender to the small and medium-sized business sector, is poised for further expansion after completing its move to larger premises The fast-growing firm has taken just over 4,000 sq ft of refurbished office space in St James House, The Square, on Lower Bristol Road and will now go ahead with plans...

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Bath businessman joins board of regional investment firm as it targets local companies

January 16, 2015
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Bath businessman joins board of regional investment firm as it targets local companies

Bath businessman Graham Miller has been appointed by alternative finance provider South West Investment Group (SWIG) Capital as a non-executive director to the board of its fund-holding arm. Mr Miller, pictured, a non-executive director of Bath-based IT services group IPL, joins the group as it looks to raise its profile in the West of...

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Corporate fraud cases soar – with staff most likely to be behind the crime, new report reveals

January 14, 2015
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Corporate fraud cases soar – with staff most likely to be behind the crime, new report reveals

Businesses are increasingly falling victim to fraud – most of it committed by their own employees, new figures show. The number of cases in the South West soared by 136% last year to 33, from 14 in 2013, according to accountants KPMG’s latest Fraud Barometer. Thirteen firms in the region were hit by the...

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2014 ended on ‘a whimper’ for West firms as business confidence evaporated, survey reveals

January 13, 2015
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2014 ended on ‘a whimper’ for West firms as business confidence evaporated, survey reveals

Confidence among West of England businesses petered out at the end of 2014 and has started the new year lower than at any time over the previous 12 months, new research shows. Domestic sales, cashflow and recruitment expectations all fell during the fourth quarter, according to results of the latest business survey by Business...

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Innovative software firm signals more growth after securing new investment

January 8, 2015
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Innovative software firm signals more growth after securing new investment

Aria Networks, the leading-edge Chippenham-based tech firm, is planning to strengthen its lead in the fast-growing Software Defined Networking (SDN) market after securing further investment. The firm, whose customers include major US and European telecoms companies, cloud and datacentre operators, and social network providers, is already ahead of its SDN rivals. Its products, developed...

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Old Mill overshoots target to net £22,000 for School in a Bag charity

January 8, 2015
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Old Mill overshoots target to net £22,000 for School in a Bag charity

Accountancy firm Old Mill has smashed its 2014 fundraising target of £5,000 by raising more than four times as much for its charity of the year – the Piers Simon Appeal’s School in a Bag initiative. The firm, which has offices in Melksham and Wells, netted £22,000 for the Yeovil-based charity that provides rucksacks...

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