Finance

Pearson May weekly financial round-up

July 20, 2017
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Pearson May weekly financial round-up

Each week Bath Business News and Pearson May bring you the top national finance stories. MPAA reduction to be reinstated Money purchase annual allowance (MPAA) reduction to feature in Finance Bill 2017. Read the full story here Complying with personal data rights Businesses holding personal data need to ensure their procedures are fit for...

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New marketing director appointed by Bishop Fleming

July 19, 2017
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New marketing director appointed by Bishop Fleming

Paul Seymour has joined Bath’s biggest accountancy firm Bishop Fleming as its new marketing director. Paul arrives from the Bristol office of national law firm Bond Dickinson, where he worked for six-and-a-half years as senior communications manager and, more recently, marketing and communications manager. At Bishop Fleming – one of the UK’s fastest-growing firms of accountants –...

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National growth at the double on the menu at Friska as it lands £3m investment

July 18, 2017
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National growth at the double on the menu at Friska as it lands £3m investment

Friska, the ‘feel-good food’ café group started by two University of Bath graduates, is aiming to double its number of outlets and expand in cities across the UK after receiving a £3m investment. The Bristol-based firm, founded Griff Holland and Ed Brown, pictured, who met while studying economics at the University of Bath, now operates...

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Welcome for Government changes over controversial digital tax policy

July 17, 2017
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Welcome for Government changes over controversial digital tax policy

Bath’s largest  accountancy firm Bishop Fleming has welcomed the brakes being put on Making Tax Digital for business, after the government admitted it needed more time. Sole traders, partnerships and landlords with income above £85,000 were to be forced into keeping their accounts in a digital form and filing quarterly updates to HM Revenue...

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Take advantage of post-Brexit trade deals to export, International Trade Secretary Liam Fox to tell West firms

July 14, 2017
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Take advantage of post-Brexit trade deals to export, International Trade Secretary Liam Fox to tell West firms

International Trade Secretary Liam Fox will today tell West of England businesses that there has never been a better time to start exporting, with the help of his department. Latest government figures show an 11% surge in the value of overseas sales made by businesses from the region, with more than 8,600 firms now...

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Aviva Investors commit £75m to help TrueSpeed expand its ultrafast network across the South West

July 14, 2017
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Aviva Investors commit £75m to help TrueSpeed expand its ultrafast network across the South West

Bath-based fibre-optic infrastructure firm TrueSpeed Communications has received £75m from insurance giant Aviva’s global asset management arm to speed up the roll-out of its network to a further 75,000 homes and businesses in the region. TrueSpeed was set up in 2015 to deliver a fibre-optic infrastructure network across South West. It provides residential and commercial...

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Good Energy sees red over green rival Ecotricity’s power grab

July 13, 2017
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Good Energy sees red over green rival Ecotricity’s power grab

Good Energy, the Chippenham-based renewable energy firm, has become embroiled in a power struggle with arch-rival Ecotricity that has sparked a surge of interest in the green sector. Ecotricity, 100% owned by hippie-turned-entrepreneur Dale Vince, pictured below, has amassed a 25.3% stake in Good Energy over the past year – and now wants Mr...

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Management buy-in deal puts communications tech firm Gradwell on new path for growth

July 7, 2017
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Management buy-in deal puts communications tech firm Gradwell on new path for growth

Gradwell, the Bath-based communication technology firm, is under new ownership after boutique investor Altitude sold its stake in the business to a buy-in, management buy-out (BIMBO) team. Southampton-based Altitude generated a return of 2.7 times on the £1.15m in Gradwell in 2012, which was made to trigger a phase of significant growth. The BIMBO...

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Lender 1pm clocks up ‘significant’ growth as acquisitions kick in

July 7, 2017
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Lender 1pm clocks up ‘significant’ growth as acquisitions kick in

A spate of strategic acquisitions and organic growth have helped Bath-based specialist lender 1pm achieve significant increases in revenues. In a trading update to the London Stock Exchange, the group said it had continued to experience strong levels of demand for finance from SMEs across its growing product range. This includes asset finance –...

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Epic trek by Epoch’s Mel raises funds for children’s charity

July 7, 2017
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Epic trek by Epoch’s Mel raises funds for children’s charity

An energetic employee from Epoch Wealth Management in Bath has completed a gruelling trek through the Peruvian Andes to raise money for sick children. Mel Gogarty spent a week in the remote mountains on the Lares Trail to reach the iconic ‘lost city’ of Machu Picchu in the Sacred Valley of the Incas. Mel...

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