Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. This week we look at some issues linked to the coronavirus pandemic. Government support: what’s changed over the past few weeks? Updates to the furlough scheme, loans and more. Click here to find...
A long-established family-run foodservice firm has overcome the impact of the coronavirus pandemic on the sector by selling parts of its business. Midsomer Norton-based L&F Jones, which trades as Jones Food Solutions, disposed of its wholesale and butchery divisions to a Devon-based food supplier, allowing it to concentrate on its core hotel and convenience...
Debbie Boulton, a director at Bath accountancy firm Richardson Swift, looks at the need to start planning for the post-lockdown period as many decisions will need to be made before it ends. It would appear from the government’s daily briefing that we are slowly beginning the descent from the peak. However, it appears that some...
Business organisations have welcomed new measures by the government to help small firms survive the coronavirus pandemic, reflecting the fact that around half are being rejected for loans under the existing scheme. Business West, the organisation that runs Bath Chamber of Commerce, said Chancellor Rishi Sunak, pictured, had listened to complaints from struggling small...
Bath-based fitness subscription firm MoveGB has generated more £1m for the fitness, yoga and dance instructors across the country since launching its lockdown-inspired Move At Home service. In less than a month more than 40,000 classes have been streamed through the service and the number of classes and providers continues to grow by the...
Specialist technology firm SRT Marine Systems has raised a total of £5.3m of cash in a combination of loans and equity to help it overcome the impact of Covid-19. The Midsomer Norton-based firm, which makes world-leading maritime surveillance, vessel tracking, monitoring equipment, raised an aggregate of £2.8m from investors earlier this month. Now it...
Bath charities helping the city cope with the coronavirus crisis are benefiting from a share of more than £400,000 handed out in just a month by the West of England’s community foundation. Some £413,000 has been given in grants by Quartet since March 23. From a standing start, its Coronavirus Response Fund has helped...
Three Bath businesses are taking on the national 2.6 Challenge in aid of city charity Julian House to help people experiencing homelessness during the coronavirus crisis. Bath-headquartered law firm Royds Withy King, The Royal Crescent Hotel and advanced analytics company Actual Experience have signed up for the challenge, which takes place this Sunday, April...
Fewer than one in six West of England firms believe they will be able to cope if the coronavirus crisis lasts for more than six months, according to the results of the first major survey highlighting the impact of the pandemic on the region’s businesses. More than 70% of firms have already suffered a...
A taskforce bringing together businesses, universities and the West of England’s local authorities is being set up to ensure the region’s economy recovers as quickly as possible from the impact of the coronavirus crisis. The new group will also represent the region in discussions with central government to make sure its needs are heard...
