Blog Archives

Aerospace’s recovery lifts South West manufacturing, survey shows, but outlook remains gloomy

March 20, 2023
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Aerospace’s recovery lifts South West manufacturing, survey shows, but outlook remains gloomy

Strong demand from firms in the aerospace and renewable energy sectors has helped South West manufacturers enjoy a rebound in activity since the start of the year, according to a new survey. Both domestic and global markets have improved since then end of 2022, easing fears of a significant recession for industry this year,...

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Ahead of the Agenda: The Week Ahead

March 19, 2023
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Monday March 20 Finals: Computacenter, Spectra Systems Corporation Interim: Jubilee Metals Group Tuesday March 21 Finals: Kingfisher, Gamma Communications, Quixant, Kape Technologies, Oxford Nanopore Technologies, Equals Group, The Pebble Group, Alliance Pharma, Luceco, Aptitude Software Group, Boot (Henry), Staffline Group, Fintel, Ergomed, Zotefoams, Tissue Regenix Group, Boku, Science Group Interims: YouGov, SCS Group Economic announcement: Public Sector Net Borrowing...

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The LAST WORD: Rachael Rackham, director, Richardson Swift

March 17, 2023
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The LAST WORD: Rachael Rackham, director, Richardson Swift

Each week Bath Business News gives a prominent member of the area’s business community the last word on its weekly e-bulletin. This week Rachael Rackham, director at Bath accountancy firm Richardson Swift, answers our 10 questions. What was the LAST:  Film you watched: The Whale, starring Brendan Fraser.  Book you read: The classic The Dinosaur that Pooped the Bed....

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Bath awarded coveted title of microbusiness capital of the UK by financial information website

March 17, 2023
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Bath awarded coveted title of microbusiness capital of the UK by financial information website

The Bath area has been named as the best place in the UK to launch and run a successful microbusiness. The city, along with North East Somerset, has the highest concentration of thriving microbusinesses and self-employed people, according to the Business Financed website.  The website, which provides banking and finance information for UK businesses, set...

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Six of the best projects from Bath’s creative innovators to go ahead after receiving funding

March 17, 2023
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Six of the best projects from Bath’s creative innovators to go ahead after receiving funding

Projects ranging from using Artificial Intelligence to create art to building low-tech robots from recyclable materials are to receive funding under a scheme aimed at innovators and creatives from the Bath area. The Studio Innovation Fund for 2023 was launched by The Studio at Palace Yard Mews, Bath Spa University’s city-centre research and innovation...

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£34m fundraising for Bath medical device firm on a mission to revolutionise surgery

March 17, 2023
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£34m fundraising for Bath medical device firm on a mission to revolutionise surgery

A pioneering medical device company with a base in Bath that focuses on the emerging field of surgical endoscopy has raised nearly £34m to fill a funding gap and speed up its expansion. Creo Medical Group develops and commercialises minimally invasive electrosurgical devices from its bases in Chepstow and Bath.  The firm, which is...

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Medical packaging firm ties up key acquisition with support from RWK Goodman and Bishop Fleming

March 16, 2023
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Medical packaging firm ties up key acquisition with support from RWK Goodman and Bishop Fleming

Specialist packaging firm Westfield Medical has acquired a manufacturer of sterilisation pouches in a deal handled by Bath-headquartered law firm RWK Goodman and regional accountants Bishop Fleming. Midsomer Norton-based Westfield, a subsidiary of international infection control products group Sterimed, said the takeover of Granton Medical would enable it to extend its offer to supply...

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Praise for ‘outstanding’ knowledge transfer partnership between Bath Uni and spin-out pharma firm

March 16, 2023
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Praise for ‘outstanding’ knowledge transfer partnership between Bath Uni and spin-out pharma firm

A partnership between the University of Bath and a pharmaceutical manufacturing company that spun out from it 17 years ago has received an ‘outstanding’ rating from the government’s innovation agency. Innovate UK, which provides funding and support to organisations to make new products and services, recognised the longstanding Knowledge Transfer Partnership (KTP) between the...

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Pearson May Spring Budget financial round up

March 16, 2023
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Pearson May Spring Budget financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. This week we look at two of the key measures introduced in the Spring Budget. Pension lifetime allowance charge abolished from April  Chancellor aims to bring over-50s back to the workforce. Click here to find out more...

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The Spring Budget: Bath expert reaction

March 16, 2023
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The Spring Budget: Bath expert reaction

Rob Chedzoy, tax partner at regional accountancy firm Milsted Langdon, believes the Chancellor Jeremy Hunt’s drive for growth has created interesting tax planning opportunities for businesses and their owners. Rob, pictured, said prior to the Budget, many businesses were concerned about the upcoming increase to Corporation Tax in April, when the rate will rise from 19% to...

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