Finance

More growth at Chase de Vere on acquisitions and higher client satisfaction

June 26, 2020
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More growth at Chase de Vere on acquisitions and higher client satisfaction

Integrating a spate of acquisitions over recent years helped push annual profits at Chase de Vere, the national independent financial advice firm with an office in Bath, to a record high. Profits came in 23% up at £13.03m for 2019 – its sixth consecutive year of profitability – on a 5.8% sales increase to...

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Good Energy powers ahead in electric vehicle market by increasing stake in Zap-Map app

June 25, 2020
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Good Energy powers ahead in electric vehicle market by increasing stake in Zap-Map app

Clean energy group Good Energy has taken effective control of Zap-Map, the popular app for the UK’s 300,000 electric vehicle (EV) drivers in which it bought a minority stake last year. Chippenham-based Good Energy snapped up a 12.9% share in Zap-Map’s parent company Next Green Car in March last year for just over £1m...

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Pearson May weekly financial round-up

June 25, 2020
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Pearson May weekly financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Could the Chancellor cut taxes for businesses?  Temporary measures set to be announced in early July ‘fiscal event’. Click here to find out more What to expect from a tax investigation As HMRC...

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Finance hub launched to connect borrowers, lenders and investors – without the hard sell or jargon

June 25, 2020
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Finance hub launched to connect borrowers, lenders and investors – without the hard sell or jargon

An online service promising impartial financial advice for Bath firms on funding options has been launched by Business West, the region’s largest business organisation. According to Business West, which runs Bath Chamber of Commerce, its Finance Hub will be free from confusing jargon or any hard sell, enabling businesses to decide what sort of...

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Welcome for lockdown easing from business leaders – but they warn it alone will not save all firms

June 23, 2020
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Welcome for lockdown easing from business leaders – but they warn it alone will not save all firms

Business groups have cautiously backed the reduction of many coronavirus lockdown restrictions announced earlier this week by the Prime Minister. But they also warned that other measures to boost the economy were still needed to avoid widespread business failures and job losses.  In a major boost to the West of England’s vital tourism and...

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Government Covid-19 emergecy measures keep insolvencies low – but fears grow they will rise later

June 23, 2020
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Government Covid-19 emergecy measures keep insolvencies low – but fears grow they will rise later

A surprise fall in the number of corporate insolvencies could herald the ‘calm before the storm’, the South West branch of insolvency and restructuring trade body R3 has warned. Figures published by the Insolvency Service show a 30% drop in companies going bust at the height of the coronavirus crisis in May compared to...

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Job losses, cash-strapped firms and furloughed staff. Grim picture of pandemic’s toll on West of England

June 19, 2020
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Job losses, cash-strapped firms and furloughed staff. Grim picture of pandemic’s toll on West of England

Unemployment has soared by 145% in the West of England since the start of the coronavirus pandemic, according to figures published today, with just nearly 40,000 people claiming jobless benefits. At the same time, around 22% of the region’s workforce – 132,600 people – have been furloughed while job vacancies have fallen sharply, down...

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Growth is just the ticket for travel industry disruptor as it lands first major investment

June 19, 2020
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Growth is just the ticket for travel industry disruptor as it lands first major investment

Bath-based travel tech start-up Tickitto has booked itself onto a period of expansion after receiving $700,000 (£563,850) in funding. The firm, which aims to help travel retailers access tickets to events and travel-related experiences through one single connection, will to use the money from the pre-seed round to scale its engineering team and build...

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Fast-growing Fidelius in line for further expansion as it seals major strategic partnership

June 19, 2020
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Fast-growing Fidelius in line for further expansion as it seals major strategic partnership

Bath-based financial planning group Fidelius – one of the city’s fastest-growing businesses – has struck a significant strategic partnership with a major investment firm that will take its assets under advice to £1.8bn. The link up with Pacific Asset Management (PAM) has involved it acquiring Fidelius’s discretionary fund management (DFM) arm Parallel Investment Management. ...

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Merger with managed IT firm opens up new horizons for government data services supplier

June 18, 2020
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Merger with managed IT firm opens up new horizons for government data services supplier

MDS Technologies, which supplies cloud and insfrastructure services to the government, has merged with a managed IT services firm as both benefit from increased demand linked to home working during the lockdown. Chippenham-head MDS supplies managed cloud and infrastructure packages to a number of primarily large public sector organisations requiring a high level of...

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