Finance

Promotion to head of broker relations role for long-serving 1pm manager

July 16, 2020
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Promotion to head of broker relations role for long-serving 1pm manager

1pm, the Bath-based specialist lender, has promoted Joe Ralphs to the new post of head of soft asset broker. Joe, pictured, steps up to the position having gained more than 12 years’ industry experience in the 1pm Group.  He worked his way up through the ranks by gaining experience as an underwriter and then...

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Business interruption loan helps historic joinery bounce back with big increase in workload

July 16, 2020
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Business interruption loan helps historic joinery bounce back with big increase in workload

One of Bath’s oldest firms has bounced back from the impact of the coronavirus pandemic on its business and is now ramping up production to meet an increase in demand by using a government-backed loan. Hawker Joinery, which turned 100 last year and hand-creates bespoke items such as high-end windows and doors, found itself...

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Buy-to-let landlords and second homeowners in firing line from CGT reform, warns Royds Withy King

July 16, 2020
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Buy-to-let landlords and second homeowners in firing line from CGT reform, warns Royds Withy King

Bringing Capital Gain Tax (CGT) rates in line with those for Income Tax could hit buy-to-let landlords, portfolios, second homeowners and people with inheritances, according to an expert at Bath-headquartered law firm Royds Withy King. Earlier this week Chancellor Rishi Sunak announced a review of CGT, with many commentators claiming it could result in...

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Historic lens manufacturer snapped up by Inspecs for £2.4m as it eyes further growth

July 14, 2020
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Historic lens manufacturer snapped up by Inspecs for £2.4m as it eyes further growth

Inspecs Group, the Bath-based eyewear design house and manufacturer, has bought historic UK spectacle lens company Norville for £2.4m after it fell into administration earlier this month. The acquisition of the Gloucester-based firm, which had been in business for more than 120 years, means Inspecs now owns the country’s two oldest and most- respected...

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Firms urged to ‘step out and stand up’ to homelessness by supporting Julian House’s Circuit of Bath Walk

July 10, 2020
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Firms urged to ‘step out and stand up’ to homelessness by supporting Julian House’s Circuit of Bath Walk

Bath charity Julian House is calling on the city’s businesses to join it in stepping out and standing up against homelessness at its annual Circuit of Bath Walk. Taking place on Sunday September 27, the sponsored circular walk will be the only fundraising event that Julian House, Bath’s main homeless help charity, stages this...

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Cheers as Barclays loan helps historic pub bounce back from certain permanent closure

July 9, 2020
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Cheers as Barclays loan helps historic pub bounce back from certain permanent closure

A tiny historic pub has reopened its doors after surviving the lockdown with the help of a Bounce Back Loan. The Flemish Weaver, which has been a feature of Corsham’s picturesque High Street since 1625, secured the government-backed financial support through Barclays.  Owner Robert Carter, who bought the family pub just over three years ago, is...

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Chancellor’s summer economic statement: Housing market reaction

July 9, 2020
By
Mill Brook, Westbury, David WIlson Homes South West

Rishi Sunak’s efforts to kickstart to boost the housing market as it emerges from lockdown have been welcomed by the area’s residential property industry – with reservations over how effective they will be in the long term. David Westgate, chief executive of Keynsham-headquartered estate agency and property group Andrews, described the Chancellor’s stamp duty...

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Chancellor’s summer economic statement: Bath experts react to hospitality measures

July 9, 2020
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pub

While Bath’s hard-hit hospitality industry digests the measures announced by Chancellor Rishi Sunak to help the sector in his summer economic statement, two experts from the area have questioned whether they go far enough. Richard Lake, an associate in the leisure & hospitality team at Bath-headquartered law firm Royds Withy King, fears many of...

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Pearson May Financial Update: Changes to the government’s coronavirus support schemes

July 8, 2020
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Pearson May Financial Update: Changes to the government’s coronavirus support schemes

It was three months ago that Pearson May partner Matthew Rutter first wrote here about the various support schemes introduced by the government to help support businesses and individuals through the coronavirus pandemic. Since then there have been various changes to the main support schemes introduced by the government and it is worth recapping...

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Chancellor’s summer economic statement: National business reaction

July 8, 2020
By
Rishi_Sunak

The CBI said Chancellor Rishi Sunak was “absolutely right” to prioritise jobs in his summer statement on Wednesday. Director-general Dame Carolyn Fairbairn, pictured, said: “Flattening the daunting unemployment curve about to hit our country could not be more important. Joblessness scars lives and hits the young and most disadvantaged hardest.  “The jobs plan is an important step...

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