Specialist manufacturer Avon Rubber has sold its US-based hovercraft skirt and bulk liquid storage tank business, for $9.25m (£6.58m). Melksham-based Avon, which makes respirators for military, homeland security and first responder customers as well as rubber products for the dairy industry, said it had been reviewing strategic options for Avon Engineered Fabrications (AEF) –...
The growing popularity of ‘hard asset’ leasing among ambitious small and medium-sized firms has prompted Bath-based specialist lender 1pm to sign an agreement giving it an extra £35m to meet demand. The asset finance facility with the British Business Bank (BBB) means 1pm now has more than £155m available to lend to customers. 1pm,...
Confidence among small business owners in the South West has bounced back thanks to lower inflation, progress on Brexit talks and the Chancellor’s positive Spring Statement, according to a survey published this week. The report by the Federation of Small Businesses (FSB) – Britain’s biggest business representation group – also reveals a two-year high...
Regional accountancy firm MHA Monahans’ Bath office has received a flying visit from the two owls it is sponsoring in this summer’s Minerva’s Owls of Bath public sculpture trail. MHA Monahans was among the first firms in the city to swoop to take part as a Gold sponsor of the trail, which takes place...
Entrepreneurs have until tomorrow to enter the prestigious Institute of Directors South West Director of the Year Awards, the region’s top accolades for boardroom excellence. Three new categories have been added this year, taking the total to nine and giving directors more chance to claim one of the top awards. The new categories are...
Expert insights into sales and marketing, team engagement and building a business into a saleable asset will this Friday show how to take their business to the next level at an event aimed at small and medium-sized enterprises. The South West Business Growth Summit is being staged by ActionCOACH, the world’s number one business...
Hundreds of Bath businesses were beating path to the city’s Assembly Rooms today as the Bath Business Expo got under way. More than 600 people registered to attend the high-profile event - one of the biggest of its kind between Bristol and Swindon. Organisers expect today’s expo to be bigger and better than...
Novia Financial, the Bath-based wealth management firm, has set up its own charity foundation to primarily support projects that aim to improve and help the lives of people in the city and its surroundings. The Novia Foundation, which has been accepted on the Register of Charities, was created to mark 10 years since...
Steel stockist and supplier Avon Steel, which was rescued from a cashflow crisis four months ago, has secured a £2m invoice finance facility as it looks to take advantage of an expected resurgence for the industry. Demand for UK steel is forecast to grow in the face of rising import prices. The government’s Industrial Strategy...
Each week Bath Business News and Pearson May bring you the top national finance stories. This week we look at Chancellor Philip Hammond’s Spring Statement. A statement with few new announcements There were a number of updates on growth, borrowing and debt. Find out more here Consultations – business rates revaluation brought...
