A steep rise in corporate insolvencies linked to the coronavirus pandemic is being predicted for this winter – and could start as early as October. New research from insolvency and restructuring trade body R3 indicates that lack of funds to pay their rent is likely to be the biggest cause of firms getting into...
The hospitality and leisure sectors across the West of England urgently need more targeted help from the government to avoid devastating closures and job losses, experts today warned. With the sectors employing 40,000 people and contributing £40m to region’s economy, their survival is essential. Yet many commercial landlords are failing to accept their bar and...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. HMRC reveals future plans for Making Tax Digital MTD for income tax set to be implemented from 2023. Click here to find out what’s changing How to make a Will using video-conferencing software Government temporarily relaxes Will-writing...
Regional alternative finance lender South West Investment Group (SWIG) has made two appointments to its growing team while also saying farewell to Brian Steer, one of its longest-standing employees, who has retired. Nicki Kimberley has joined as start-up loans officer, a role that involves supporting applicants to the Start Up Loans scheme and helping...
Since the Budget in March, businesses have seen a stream of different support schemes and policies announced to help them manage the financial impacts of the coronavirus lockdown, writes Pearson May partner Matthew Rutter. When Chancellor Rishi Sunak stood in the House of Commons again on July 8, it was in the context of...
1pm, the Bath-based specialist small business lender, has stepped in to support a tyre recycling firm with a £100,000 facility under the government-backed coronavirus loan initiative. The financial support for AC Tyres, which offers sustainable tyre disposal services across the UK, is the latest loan arranged by 1pm under the Coronavirus Business Interruption Loan...
Most firms in the South West remain cautious about their prospects as the coronavirus lockdown eases, according to the results of three business surveys released this week – but the region’s small manufacturers appear to be leading the bounce back. The surveys paint a mixed picture of the outlook over the next few months,...
Bath’s investment-hungry tech start-ups can find out how to get the attention of potential funders in a webinar featuring experts from the city next week. Staged by Bristol-based tech investment bank ICON Corporate Finance in association with Bristol-headquartered national law firm Burges Salmon, the free event aims to show how fledgling tech firms can...
Three Bath law firms and some of their top performers have been ranked among the best in the South West for their work with private wealth clients. The latest edition of the High Net Worth Guide from Chambers, the legal directory publisher, names Royds Withy King, Mogers Drewett and Stone King as the three...
Somerset-based fashion label Mulberry has appointed a digital media agency specialising in major luxury brands to target wealthy Chinese consumers. The firm, best known for its upscale leather bags, said ForwardPMX would spearhead brand awareness by using hugely popular Chinese social media platforms such as Weibo and WeChat. Founded in 1971 by Somerset-born designer...
