Finance

Access to second pot of funding in two weeks points to more strong growth at 1pm

April 12, 2018
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Access to second pot of funding in two weeks points to more strong growth at 1pm

1pm, the Bath-based specialist lender to growing small and medium-sized firms, is predicting more rapid growth itself after securing another source of new finance.   The firm, which is listed on the London Stock Exchange’s AIM market, has negotiated a £14.5m increase in its block discounting facilities with six existing funding partners, taking the...

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Ex-HSBC manager joins consultancy to boost is Bath business growth programme

April 11, 2018
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Ex-HSBC manager joins consultancy to boost is Bath business growth programme

Business growth consultancy Cool Ventures has appointed experienced business coach Peter Bridge to work on its Bath Business Support Programme. Peter, pictured, a former senior commercial manager with HSBC bank, will advise businesses enrolled on the programme, which provides up to 12 hours of free, intensive support to pre-start businesses as well as small...

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New finance director for Bath Building Society as chief executive prepares to retire

April 10, 2018
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bibs

Bath Building Society has appointed Tom Leach as finance director designate ahead of current finance director Kevin Gray’s promotion to chief executive later this month. Tom, pictured, joined the society in February as an executive director from Cardiff-based Principality Building Society.  In his new role he has responsibility for the society’s accounting, liquidity management...

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University of Bath ‘acceleration hubs’ will boost region’s advanced engineering and digital firms

April 6, 2018
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University of Bath ‘acceleration hubs’ will boost region’s advanced engineering and digital firms

More than 200 advanced engineering firms and digitally-innovative small and medium-sized enterprises are to gain access to expert support and advice through two new ‘business acceleration hubs’ set up by the University of Bath.   The university has been awarded £1.5m from the European Regional Development Fund (ERDF) to deliver start-up, scale-up, open innovation...

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Longleat roars into table of UK’s 100 fastest-growing firms for first time

April 6, 2018
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Longleat roars into table of UK’s 100 fastest-growing firms for first time

A 55% rise in average annual profits over the past three years has put Longleat Enterprises, the Warminster leisure firm that operates the famous safari park and Cheddar Gorge and Caves, among the UK’s fast-growth firms for the first time. The firm, which employs just over 700 people across its sites, appears this weekend...

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Chase de Vere advice partnership with air traffic control body ready for take-off

April 6, 2018
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Chase de Vere advice partnership with air traffic control body ready for take-off

Air traffic control officers are to receive help with money issues from experts at Chase de Vere, the independent financial advice firm with an office in Bath, under a new partnership formed with their professional body.   The Guild of Air Traffic Control Officers (GATCO) represents the interests and opinions of those in the...

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IoD welcomes Bishop Fleming as sponsor for its South West Director of the Year Awards

April 6, 2018
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IoD welcomes Bishop Fleming as sponsor for its South West Director of the Year Awards

Bishop Fleming, the regional accountancy firm with a large office in Bath, was today named as the official sponsor of the Institute of Directors (IoD) South West Director of the Year Awards 2018.   Bishop Fleming, which has seven offices across the South West and West Midlands, has teamed up with the IoD to...

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Specialist probate service launched by accountants MHA Monahans

April 6, 2018
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Specialist probate service launched by accountants MHA Monahans

West of England accountancy group MHA Monahans has become one of the first in the region to be awarded a licence to undertake non-contentious probate work. The firm, with offices in Bath, Trowbridge, Chippenham, Melksham, Frome, Glastonbury, Swindon and Taunton has received accreditation from the Institute of Chartered Accountants in England and Wales to...

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Bath Business Blog: Ian Bell, executive director, Bath Chamber of Commerce & Initiative. Putting the NES in business

April 5, 2018
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Local media in Bath quite properly concentrate on Bath itself, the global tourist brand and the economic engine for the area. But the district is called Bath & North East Somerset (B&NES) for a good reason and the business community is very conscious of what the whole patch can do if we use all...

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$9.25m sale of non-core US business allows Avon Rubber to concentrate on protection market

April 5, 2018
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$9.25m sale of non-core US business allows Avon Rubber to concentrate on protection market

Specialist manufacturer Avon Rubber has sold its US-based hovercraft skirt and bulk liquid storage tank business, for $9.25m (£6.58m). Melksham-based Avon, which makes respirators for military, homeland security and first responder customers as well as rubber products for the dairy industry, said it had been reviewing strategic options for Avon Engineered Fabrications (AEF) –...

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