Blog Archives

Pearson May Financial Update: ‘Full expensing’ explained

May 24, 2023
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Pearson May Financial Update: ‘Full expensing’ explained

In his Budget speech in March, Chancellor Jeremy Hunt kicked off the government’s plan for growth with changes to business tax legislation, a key policy being ‘full expensing’. But what did the Chancellor mean by ‘full expensing’ and how does the policy work? Pearson May partner Matthew Rutter explains. What is full expensing? Under...

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Series of promotions at Milsted Langdon rewards staff across the business

May 23, 2023
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Independent regional accounting firm Milsted Langdon, which has one of its five offices in Bath, is celebrating a raft of new promotions as it recognises the talent within its teams. A dozen staff members have been promoted to new roles, including three new directors – Martin Johnson, Lyndsay Hardwick and Ross Jones.  Martin, pictured right,...

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Ahead of the Agenda: The Week Ahead

May 21, 2023
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Monday May 22 Finals: Kainos Group, Big Yellow Group Tuesday May 23 Finals: Cranswick, RS Group, Bytes Technology Group, Helical, FD Technologies, Engage XR Holdings, Calnex Solutions, Assura, Eneraqua Technologies Interims: Tritax Eurobox, Avon Protection, Victorian Plumbing Group, Benchmark Holdings, Ixico Q3 result: Seraphim Space Investment Trust Economic announcements: PMI Manufacturing, PMI Composite, PMI Services, Public Sector Net Borrowing...

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‘Challenging conditions’ hit profits at Future while tough outlook puts its share price under pressure

May 19, 2023
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‘Challenging conditions’ hit profits at Future while tough outlook puts its share price under pressure

Shares in Bath-based global media group Future were recovering this afternoon after millions of pounds were wiped off their value yesterday when it warned of the impact of challenging market conditions. The group, which recently replaced the CEO responsible for its huge turnaround over the past decade, said it expects its full-year performance to...

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Hydrogen-fuelled bus project puts University of Bath at the centre of low-carbon transport revolution

May 19, 2023
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Hydrogen-fuelled bus project puts University of Bath at the centre of low-carbon transport revolution

The University of Bath is to play a key role in a pioneering project to make clean hydrogen-fuelled buses a reality – helping support hundreds of jobs and saving millions of tonnes of CO2. The university and its Institute for Advanced Automotive Propulsion Systems (IAAPS), pictured, have been selected as strategic partners in the...

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Recognition for pair of Bath businesses in table of UK’s fastest-growing firms

May 19, 2023
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Recognition for pair of Bath businesses in table of UK’s fastest-growing firms

Two pioneering Bath firms have been named among the country’s 100 fastest-growing businesses. Independent broadband provider Truespeed and Inspecs, the spectacles designer and manufacturer, appear in the latest ORESA Growth Index, which lists the top 100 fastest growing businesses in the UK.  The prestigious report analyses the financial performance of more than 32,000 firms...

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Spending on storm overflows to be tripled by Wessex Water amid public anger over discharges

May 19, 2023
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Spending on storm overflows to be tripled by Wessex Water amid public anger over discharges

Wessex Water has outlined plans to triple investment in tackling storm overflows to £9m a month as part of the biggest shake-up of the sewerage network since the Victorian era. The Bath-headquartered firm has already invested £69m to protect the region’s rivers and beaches over the past year, including schemes to deal with heavy...

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Watchdog Ofgem orders Good Energy to repay thousands of customers it overcharged

May 19, 2023
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Watchdog Ofgem orders Good Energy to repay thousands of customers it overcharged

Good Energy, the 100% renewable electricity provider, has been forced to pay £1.25m after overcharging thousands of its customers on their bills. The Chippenham-headquartered group was found to be in breach of the government’s energy price cap by regulator Ofgem, which said it had overcharged just under 7,000 households a total of £391,650, or...

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Take-off for Bristol Airport’s long-delayed expansion after campaigners’ appeal is refused

May 19, 2023
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Take-off for Bristol Airport’s long-delayed expansion after campaigners’ appeal is refused

Bristol Airport is to press ahead with what it called “responsible growth” after the latest legal challenge against its multi-million pound expansion was rejected. Secretary of State for Levelling Up ruled there was “no compelling reason” to uphold the appeal by anti-expansion umbrella group Bristol Airport Action Network (BAAN).  The airport’s proposals, pictured, will increase...

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Pearson May financial round up

May 19, 2023
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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. VAT registration helpline set to close HMRC will prioritise registration applications. Click here for more information Company insolvencies fall in April Figures remain higher than pre-pandemic levels.  Find out more here  

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