Finance

1,000th student completes innovative ‘Intrapreneur’ training scheme set up by SETsquared

December 15, 2021
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1,000th student completes innovative ‘Intrapreneur’ training scheme set up by SETsquared

A BSc Management student at the University of Bath has become the 1,000th to receive business innovation skills training in a pioneering scheme run by SETsquared, the world-leading tech incubator. The Intrapreneurial Knowledge Exchange Enterprise Pathway (IKEEP) was set up nearly a year ago by SETsquared, which is backed by a group of six...

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Bath-based bobsleigh team cold-shouldered by UK Sport funders backed by Altus for second year

December 14, 2021
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Bath-based bobsleigh team cold-shouldered by UK Sport funders backed by Altus for second year

Bath-based financial services software and consultancy provider Altus is putting its weight behind Great Britain’s top bobsleigh crew for the second year running as they enter a busy season.   Altus began sponsoring Team Bobsleigh Brad, which is made up of six world-class athletes and led by Bath-based bobsleigh pilot Bradley Hall, a year...

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Insolvency litigation specialist takes up role as R3′s new South West chair

December 13, 2021
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Insolvency litigation specialist takes up role as R3′s new South West chair

Insolvency and restructuring trade body R3 has appointed insolvency litigation specialist Charlotte May as its new regional chair. Charlotte, pictured, is an associate director for South West and Wales with Manolete, the UK’s leading insolvency litigation finance company.  She takes over as chair from Philip Winterbourne, pictured below, a partner at Bristol and London law firm Temple Bright solicitors,...

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Actual Experience trumpets strong pipeline of new clients but shares go into freefall on warning of loss

December 10, 2021
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Actual Experience trumpets strong pipeline of new clients but shares go into freefall on warning of loss

Shares in Actual Experience, the Bath-based advanced analytics firm, slumped by more than 40% today after it revealed it was heading for an annual pre-tax loss.   In a year-end trading update, the firm also said efforts to reduce its sales cycle were being hampered by the pandemic and “the resultant elongation of procurement...

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Property agents slash £3m off asking price of prestigious country house hotel closed during pandemic

December 10, 2021
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Property agents slash £3m off asking price of prestigious country house hotel closed during pandemic

The sale price of one of the top country house hotels in the Bath area has been reduced by more than £3m - with property agents now marketing the closed-down venue for £6m.   Grade I listed, four-star Ston Easton Park near Shepton Mallet, which has 20 individually styled bedroom suites and seven reception...

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Funding for Bath tech firm on a mission to tackle global microplastic pollution crisis

December 9, 2021
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Funding for Bath tech firm on a mission to tackle global microplastic pollution crisis

A Bath firm developing biodegradable alternatives to harmful microplastics, has won a £425,000 grant which could lead to its pioneering technology being produced on an industrial scale.   Naturbeads has received the money from Innovate UK, the government’s innovation body, to explore commercialising the product, which is made from cellulose, a naturally occurring substance...

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Inspecs looks ahead to more growth after buying German glasses distributor

December 9, 2021
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Inspecs looks ahead to more growth after buying German glasses distributor

Bath-based glasses designer and manufacturer Inspecs Group has made its third acquisition in 18 months, snapping up a German spectacle frame distributor for €1.76m (£1.51m).   Inspecs said buying BoDe Design Vertriebs, which also distributes Inspecs products in Holland, Austria and Switzerland, further reinforced its strategy of developing strategic distribution of its products to...

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Swedish group snaps up family-owned bathroom furniture firm in deal worth up to £90m

December 9, 2021
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Swedish group snaps up family-owned bathroom furniture firm in deal worth up to £90m

Bath-based bathroom furniture designer and supplier Roper Rhodes has been sold to a Swedish firm in a deal worth up to £90m. Family-owned Roper Rhodes was launched 42 years ago by Brian Roper and has since grown to become a major player in the UK market.  The acquisition by Svedbergs, which has been listed on the...

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Four new South West ambassadors for the IoD as it strengthens its regional team

December 7, 2021
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Four new South West ambassadors for the IoD as it strengthens its regional team

The Institute of Directors (IoD) has appointed four ambassadors for the South West to ensure its members remain at the heart of its operations in the region. The quartet of experienced business leaders – Katherine Piper, Alex Chikhani, Peter Doyle and John Rotherford – will enable greater connectivity between IoD South West’s 1,200 members...

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Pearson May Financial Update: The taxman has some goodies for your Christmas party – whether virtual or in-person

December 6, 2021
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Pearson May Financial Update: The taxman has some goodies for your Christmas party – whether virtual or in-person

I think we were all hoping that this year’s Christmas parties would be more ‘normal’ following last year’s restrictions, but developments with Coronavirus over the past few weeks have perhaps cast some doubt on that, writes Pearson May partner Matthew Rutter.    Whatever kind of festive celebrations you may be planning for your workplace, whether...

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