Finance

Royds Withy King welcomes move to allow Wills to be witnessed via video link

July 23, 2020
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Royds Withy King welcomes move to allow Wills to be witnessed via video link

Changes to legislation that will mean individuals can have their Wills witnessed via video links have been welcomed by Bath-headquartered law firm Royds Withy King, which has been using WhatsApp to liaise with clients in this way during lockdown. The government this week said that it will introduce a retrospective law to reassure thousands...

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Pearson May weekly financial round-up

July 23, 2020
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Pearson May weekly financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Understanding termination payments  How payments for redundancy are taxed. Read the guide here Is buy-to-let as attractive as it once was? Weighing up the effects of landlord tax changes. Click here to find out more    

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Profit warnings soar to 20-year high as Covid-19 crisis hits South West’s quoted firms

July 23, 2020
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EY

The coronavirus pandemic has pushed up the number of profit warnings issued by South West listed businesses to a 20-year high, with those in the travel and leisure sector hardest hit. According to new figures from accountancy group EY, profit warnings soared by 73% year-on-year in the first half of 2020 to 26 – with 85%...

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Smith & Williamson: Enterprise – profit with purpose. Solving the food waste problem

July 22, 2020
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Smith & Williamson: Enterprise – profit with purpose. Solving the food waste problem

The latest edition of Smith & Williamson’s Enterprise leadership publication profiles Tessa Clarke, Bath-based co-founder & CEO of OLIO.  The world has a food waste problem: up to half of the food produced globally is never eaten, equivalent to more than $1trillion dollars-worth. That could readily feed the 800m people across the globe without enough food to live on,...

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Insolvency group warns Govt figures on business failures mask true impact of Covid-19 on firms

July 21, 2020
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Insolvency group warns Govt figures on business failures mask true impact of Covid-19 on firms

Government figures showing another monthly fall in corporate insolvencies are hiding the true picture of the damaging effect of the coronavirus pandemic on businesses,  according to the South West branch of insolvency and restructuring trade body R3. Insolvency Service statistics for June show 732 company insolvencies in England and Wales, lower than May’s figure...

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Webinar: How Bath businesses can build back better and boost morale by supporting local charities

July 17, 2020
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Webinar: How Bath businesses can build back better and boost morale by supporting local charities

Practical ideas on how businesses can continue to support charities during the coronavirus pandemic are to be aired at a webinar hosted by Quartet, the community foundation for the West of England. The third sector is facing its toughest time for a generation with hundreds of thousands of people needing support just as charities’...

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Novia partners with tech firm to offer biometric anti-fraud service to investment advisers

July 17, 2020
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Novia partners with tech firm to offer biometric anti-fraud service to investment advisers

Novia Financial, the Bath-based provider of wealth management service for investment advisers, has launched a service to ensure the security of client documents using biometric verification. The service, the result of a partnership with award-winning technology firm Credas, uses leading-edge technology to verify that a document truly belongs to the person making the transaction. ...

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Former Bath athlete raises £100,000 for device to protect Covid-19 carers

July 17, 2020
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Former Bath athlete raises £100,000 for device to protect Covid-19 carers

A retired wheelchair athlete and technology consultant from Bath who developed a fast, low-cost way to protect carers working with Covid-19 patients has received a £100,000 investment. Mat Campbell-Hill, pictured, created the AerosolShield mini-isolation tent, put it into production and took the first orders within just seven days. Staff who have used it say...

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Promotion to head of broker relations role for long-serving 1pm manager

July 16, 2020
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Promotion to head of broker relations role for long-serving 1pm manager

1pm, the Bath-based specialist lender, has promoted Joe Ralphs to the new post of head of soft asset broker. Joe, pictured, steps up to the position having gained more than 12 years’ industry experience in the 1pm Group.  He worked his way up through the ranks by gaining experience as an underwriter and then...

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Business interruption loan helps historic joinery bounce back with big increase in workload

July 16, 2020
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Business interruption loan helps historic joinery bounce back with big increase in workload

One of Bath’s oldest firms has bounced back from the impact of the coronavirus pandemic on its business and is now ramping up production to meet an increase in demand by using a government-backed loan. Hawker Joinery, which turned 100 last year and hand-creates bespoke items such as high-end windows and doors, found itself...

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