Finance

Series of surveys point to gloomy outlook for South West firms as trading conditions remain tough

January 27, 2023
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Series of surveys point to gloomy outlook for South West firms as trading conditions remain tough

Confidence among the South West’s small businesses has plunged to the lowest level since the country emerged from Covid lockdowns, according to a new survey. The latest quarterly confidence report from the FSB (Federation of Small Businesses) reveals that fears of inflation, falling consumer demand and the general cost of doing business left optimism...

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New approach at Time Finance helps it clock up its strongest-ever lending figures

January 27, 2023
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New approach at Time Finance helps it clock up its strongest-ever lending figures

Time Finance, the Bath-headquartered alternative lender, has hailed as a success a change in strategy which shifted its focus to core lending products from its own resources. As a result, its lending book reached an all-time high of more than £150m at the end of November.  The turnaround at the firm, which specialises in...

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Bath Business Blog: Trish Watkins, senior associate, Goughs Solicitors. The importance of ‘Update Your Will Week’

January 26, 2023
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Bath Business Blog: Trish Watkins, senior associate, Goughs Solicitors. The importance of ‘Update Your Will Week’

Did you know that eight of out 10 parents in the South West have no legal guardian in place to care for their children in the event of their deaths? And did you know that social services or the courts can step in to decide what happens to your children, should you die without...

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Pearson May financial round up

January 26, 2023
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Pearson May financial round up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Treasury launches R&D tax reliefs review The consultation will look into merging the two schemes. Click here to read more The Association of Accounting Technicians (AAT) welcomes repayment claimant protections Lack of regulation leaves customers at risk and costs...

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New regional head of mid-corporate for Barclays as it targets further growth

January 25, 2023
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New regional head of mid-corporate for Barclays as it targets further growth

Barclays has appointed James Jordan as head of mid-corporate to lead its mid-corporate market team in the South West. James, pictured, has joined from HSBC UK, where he spent more than two decades in a variety of senior roles across its corporate and commercial divisions, including area commercial director for Bath for Bristol. More recently he led...

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Office relocation opens door to further growth for financial planning specialists

January 23, 2023
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Office relocation opens door to further growth for financial planning specialists

Financial planning firm Chilvester has more than doubled its office space by relocating in a move that also gives it ample room to expand. The company, which oversees client investments of £100m-plus, has upped sticks from Calne, where it was founded in 1999, to Chippenham to set it up for growth.  Its new premises at Avon Reach on...

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Adding numeracy to staff skills could equal better business, Bath firms are told

January 23, 2023
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Adding numeracy to staff skills could equal better business, Bath firms are told

Firms are being encouraged to help staff develop their numeracy skills by signing up to a new national training initiative delivered locally by Bath College in partnership with Bath & North East Somerset Council. Called Multiply, the national Skills for Life initiative has been designed to support businesses to invest in their workforce.  The...

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Pearson May financial round up

January 19, 2023
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Pearson May financial round up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. MPs demand improvements to HMRC services HMRC has three months to address “unacceptable” standards. Click here to read more Taxpayers reminded to report crypto gains Cryptoassets are subject to income tax and capital gains tax. Find out more here  ...

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Bath Business Blog: Olly Pullin, director, Harbourside Corporate Finance. Search funds and the owner-managed business

January 18, 2023
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Bath Business Blog: Olly Pullin, director, Harbourside Corporate Finance. Search funds and the owner-managed business

A recent trend in the UK mergers and acquisitions (M&A) landscape is the increased prevalence of search funds as acquirers of established trading businesses. This relatively new phenomenon provides an interesting potential acquirer to owner-managers that are looking to sell their business.  What is a Search Fund? In its simplest form a search fund...

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Milsted Langdon warns firms not to halt their Making Tax Digital preparations, despite another delay

January 15, 2023
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Milsted Langdon warns firms not to halt their Making Tax Digital preparations, despite another delay

Businesses are being encouraged by regional accountancy firm Milsted Langdon to carry on preparing for Making Tax Digital (MTD) for Income Tax in spite of the announcement of a two-year delay. Milsted Langdon, which has five offices – including one in Bath – said the further changes to the much-delayed MTD initiative by HM...

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