Finance

Year of two halves for private equity deals – with the Autumn Budget triggering a late flurry of activity

February 6, 2025
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Year of two halves for private equity deals – with the Autumn Budget triggering a late flurry of activity

Private equity investment in the South West increased marginally last year to £6.2bn as a near 33% increase ahead of the Autumn Budget overcame a slow first half. Deal volume in the region also remained stable, edging down slightly from 104 to 100 year-on-year, according to a survey by global accountancy firm KPMG.  This...

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Pearson May financial round up

February 6, 2025
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Self Assessment deadline missed by 1.1m  Despite a rush, more than a million taxpayers failed to file on time. Click here for more details.  Small employer relief rate for statutory pay rises to 8.5% Higher compensation from April eases small...

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Business development manager appointment strengthens Time Finance’s invoice finance offering

February 5, 2025
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Bath-headquartered specialist funder Time Finance has boosted its invoice finance team with the arrival of Jamie O’Neill as business development manager. Jamie, pictured, joins with more than 17 years’ industry experience, his most recent role being business development director at Surrey-headquartered invoice finance firm IGF.  He previously worked at Breal Zeta CF, ABN AMRO Commercial...

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Big increase in optimism among firms in the South West as they look forward to a year of growth

January 31, 2025
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Big increase in optimism among firms in the South West as they look forward to a year of growth

Business confidence has risen sharply in the South West as the region’s firms shrug off suggestions that UK economic growth is stalling. According to the latest Business Barometer from banking group Lloyds, optimism among South West companies climbed by 13 percentage points in January.   Confidence in their own business prospects was up 20 points...

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Good Energy bidder vows to continue its founding aim of powering up the green revolution

January 31, 2025
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Good Energy bidder vows to continue its founding aim of powering up the green revolution

The founder of renewable electricity supplier Good Energy has welcomed its possible acquisition by a Dubai-based group, saying it would continue its original aim when it started 25 years ago of encouraging the switch to green power. Juliet Davenport, who launched the Chippenham-based firm in 1999, said the £99.4m approach by Esyasoft, which is subject...

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New expansion strategy unveiled by Time Finance as clocks up a record three-and-a-half years of growth

January 30, 2025
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Bath-headquartered specialist funder Time Finance has launched a three-year strategy to increase its lending by 50% as its current highly successful four-year growth plan nears its completion. The group, which provides asset, loan and invoice finance products to more than 10,000 small and medium-sized enterprises across the UK, recently chalked up record lending after 14...

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BGF regional office benefits from engineering firm sale but ‘economic uncertainties’ hit investment deals

January 30, 2025
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BGF regional office benefits from engineering firm sale but ‘economic uncertainties’ hit investment deals

Investment into small and mid-sized business by growth finance group BGF’s South West office fell last year by around £10m as it came up against what it called “several economic uncertainties”. BGF, the largest and most experienced investor in the UK and Ireland, completed deals totalling £60m during 2024 against £70m the previous year. ...

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Pearson May financial round up

January 30, 2025
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Around 3.4m taxpayers still to file for Self Assessment File now to avoid penalties and interest charges, says HMRC. Click here for more details.  Lenders challenge Bank of England’s loss-absorbing capital rules Banks argue requirements exceed international standards. To...

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Experienced senior hire boosts LDC’s South West-based value creation team

January 28, 2025
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Experienced senior hire boosts LDC’s South West-based value creation team

Private equity investor LDC has strengthened its support for management teams in the South West with the appointment of a new value creation partner. Prashant Selvaratnam, pictured, joins as VCP director, data strategy & AI, based in the firm’s Bristol office.  In his new role he will help the management teams of LDC’s portfolio companies...

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New festival will look at how devolution to cities and regions can boost the national economy

January 24, 2025
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New festival will look at how devolution to cities and regions can boost the national economy

The role that cities and regions can play in driving the government’s growth agenda will be explored at a major event next week. Festival of Flourishing Regions will bring together policymakers, regional planners, economic development experts, academics and business and community leaders to explore and promote strategies for regional prosperity.  Sessions will cover university...

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