Finance

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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Buy-to-let landlords and second homeowners in firing line from CGT reform, warns Royds Withy King

July 16, 2020
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Buy-to-let landlords and second homeowners in firing line from CGT reform, warns Royds Withy King

Bringing Capital Gain Tax (CGT) rates in line with those for Income Tax could hit buy-to-let landlords, portfolios, second homeowners and people with inheritances, according to an expert at Bath-headquartered law firm Royds Withy King. Earlier this week Chancellor Rishi Sunak announced a review of CGT, with many commentators claiming it could result in...

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Historic lens manufacturer snapped up by Inspecs for £2.4m as it eyes further growth

July 14, 2020
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Historic lens manufacturer snapped up by Inspecs for £2.4m as it eyes further growth

Inspecs Group, the Bath-based eyewear design house and manufacturer, has bought historic UK spectacle lens company Norville for £2.4m after it fell into administration earlier this month. The acquisition of the Gloucester-based firm, which had been in business for more than 120 years, means Inspecs now owns the country’s two oldest and most- respected...

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Firms urged to ‘step out and stand up’ to homelessness by supporting Julian House’s Circuit of Bath Walk

July 10, 2020
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Firms urged to ‘step out and stand up’ to homelessness by supporting Julian House’s Circuit of Bath Walk

Bath charity Julian House is calling on the city’s businesses to join it in stepping out and standing up against homelessness at its annual Circuit of Bath Walk. Taking place on Sunday September 27, the sponsored circular walk will be the only fundraising event that Julian House, Bath’s main homeless help charity, stages this...

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