Business News

Bath Building Society secures its roots in the city with partnership to grow and plant 1,200 trees

May 26, 2023
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Bath Building Society secures its roots in the city with partnership to grow and plant 1,200 trees

Bath Building Society has become the first business in the city to host a tree nursery on its premises as it aims to plant 1,200 trees ahead of its 120th anniversary next year. The society, which has more than 20,000 savers and 1,200 mortgage customers, has teamed up with not-for-profit community organisation More Trees...

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Interaction has designs on more growth after major contracts wins lead to its most successful year

May 26, 2023
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Interaction 2023

A raft of major project wins for blue-chip clients has helped Bath-based workplace design-and-build firm Interaction enjoy its most successful year since it was founded in 1992. Sales at the firm, which has enjoyed continued steady growth despite the pandemic, rose to £33.5m last year – with profits also increasing to £2.35m.  Growth has been...

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Pearson May financial round up

May 25, 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. Late payment interest rate rises to 7% Interest has doubled since May 2022. Click here for more information HMRC plans to simplify construction industry scheme The scheme may be causing ‘unnecessary’ administrative burdens. Find out more here  

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Second specialist acquisition for Old Mill puts it on target to double in size by 2026

May 25, 2023
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Second specialist acquisition for Old Mill puts it on target to double in size by 2026

South West accountancy and finance group Old Mill has acquired a specialist commercial property pension firm as it maintains its drive to become the fastest-growing practice in the region. The takeover of Quro Financial Solutions is the second in a series of carefully chosen acquisitions to support an ambitious growth plan by Old Mill,...

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Two more key appointments made to Time Finance’s fast-growing invoice finance team

May 25, 2023
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Bath-headquartered alternative lender Time Finance has appointed two business development managers to its invoice finance team. Tariq Bourdouane and Thomas Ludden have joined as the firm aims to double its invoice finances sales team this year, expanding its presence across the UK. The business has recently welcomed Neil Fullbrook and Casey Baldwin as business development...

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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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