Finance

Pearson May Financial Update: HMRC postpones late Self-Assessment penalties by a month

January 16, 2022
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Pearson May Financial Update: HMRC postpones late Self-Assessment penalties by a month

For the second year in a row, HM Revenue & Customs (HMRC) has announced that it will not charge the usual automatic late filing penalty of £100 for any 2020/21 Tax Returns that are not filed by 31 January 2022, as long as they are filed by 28 February 2022, writes Pearson May partner...

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Further expansion on the cards this year at MHA Monahans after strong 2021

January 14, 2022
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Further expansion on the cards this year at MHA Monahans after strong 2021

Independent regional accountancy firm MHA Monahans is looking ahead to further expansion in 2022 after taking on new clients and growing its headcount in 2021.   The firm, which has eight offices, including in Bath, Chippenham, Frome, Trowbridge and Melksham, aims a go its team of 16 partners and 190 staff by a further...

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Most bosses of South West tech firms value purpose above money, survey reveals

January 13, 2022
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Most bosses of South West tech firms value purpose above money, survey reveals

Nearly three-quarters of tech firm executives in the South West put purpose before profits while just under 80% prioritise relationships over success, according to a new survey. The region also boasts a far higher number of female tech entrepreneurs than the national average – 36% against 22% for the UK as a whole, the...

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LDC hails successful 2021 and looks to invest in more mid-market South West firms this year

January 13, 2022
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LDC hails successful 2021 and looks to invest in more mid-market South West firms this year

The South West office of LDC, the UK’s leading mid-market private equity firm, is to increase its support to businesses this year after completing transactions with a combined value of more than £280m in 2021. LDC, the private equity arm of Lloyds Banking Group, said it is aiming to invest in at least 100...

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Royds Withy King corporate team help get logistics acquisition on the road to completion

January 13, 2022
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Royds Withy King corporate team help get logistics acquisition on the road to completion

The Bath office of regional law firm Royds Withy King has advised logistics and warehousing group OTIF on its third acquisition in five years – with the latest taking its turnover above £40m.   The firm’s corporate team, led by partner Katharine Mortimer, pictured, worked with ther Swindon office of corporate finance specialist Watersheds...

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New invoice finance head of sales in Wales for Time on strong growth in demand

January 12, 2022
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New invoice finance head of sales in Wales for Time on strong growth in demand

Time Finance, the Bath-headquartered alternative finance provider, has appointed Michael Freebury as head of sales in its invoice finance team to drive growth in Wales.   The move comes as the firm reports a significant rise in demand for invoice finance over the past few months.  Time Finance said the move also reflected a...

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Supply chain disruption hitting firms, survey shows, but confidence for 2022 is high

January 7, 2022
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Supply chain disruption hitting firms, survey shows, but confidence for 2022 is high

More than three-quarters of manufacturing firms across the West of England have been affected by delays or other disruption when importing supplies or goods, according to the latest economic survey by the regions largest business group. Two-thirds of all importers have also been affected, triggering a fear among many firms that their prospects will...

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Accountants go all out to raise £20,000 for group of local charities

January 7, 2022
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Accountants go all out to raise £20,000 for group of local charities

Raffles, quiz nights, walks and other challenges helped accountancy practice Gooding Accounts raise more than £20,000 for local charities last year.   The firm, which has offices in Westbury, Warminster and Melksham, donated the money to Wiltshire Air Ambulance, Dorothy House Hospice Care, Julia’s House Children’s Hospice and mental health charity Wiltshire Mind.  More...

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Business West managing director Phil Smith: 2022 will be a year of challenges but also opportunities

January 5, 2022
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Business West managing director Phil Smith: 2022 will be a year of challenges but also opportunities

With the ongoing impact of the pandemic, climate change and Brexit, 2022 will be another tough year for many Bath businesses. Phil Smith, managing director of Business West – the organisation behind Bath Chamber of Commerce and the Bath and North East Somerset Initiative – looks at the needs and challenges for this year? ...

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Debbie Boulton takes up role as Richardson Swift’s first managing director following rapid expansion

January 4, 2022
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Debbie Boulton takes up role as Richardson Swift’s first managing director following rapid expansion

Bath-based accountancy firm Richardson Swift has appointed Debbie Boulton as its first managing director.   Debbie, pictured, has been a director of the firm for seven years and takes up the new role this month.  Richardson Swift director Derek Swift, who co-founded the business with Mike Richardson in 2009, said the decision to promote...

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