Logistics group Wincanton could find itself at the centre of a takeover battle as US-owned global operator GXO Logistics considers tabling a counter offer to one made last month by French-owned shipping giant CMA CGM. GXO, which owns Clipper Logistics in the UK, surprised directors at Chippenham-headquartered yesterday by demanding access to due diligence...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. HMRC estimates cost to implement Making Tax Digital (MTD) for income tax self-assessment Sole traders and landlords face £350 setup costs. Click here to find out more Government finances show biggest surplus in 30 years A £16.7bn surplus has...
The West of England’s first green hydrogen production and storage plant has been officially opened, underpining the region’s status as a leader in research into what is widely regarded as the fuel of the future. The plant, at the state-of-the-art Institute for Advanced Automotive Propulsion Systems (IAAPS) on the Bristol and Bath Science Park,...
One of the region’s largest motor groups has expanded its dealership portfolio with an acquisition. Trowbridge-headquartered Platinum Motor Group has taken over Pebley Beach in a move that adds outlets in Swindon and Cirencester to its existing network, which includes dealerships in Bath, Box, Frome and Chippenham. As well as widening family-owned Platinum’s geographical spread, the...
Public entries for this year’s Bath Half Marathon may have sold out but one charity in the city is still looking for runners and sponsors to support its life-changing work with young people. Bath Rugby Foundation, which helps thousands of vulnerable youngsters through inspiring programmes that focus on health, education and employability, has signed...
Bath financial services software provider Altus Consulting has teamed up with a creative agency to introduce a new brand identity and website as part of its growth plan. Altus called in Chippenham-based Milk & Tweed to work on the brief, which follows a period of expansion at the business. Founded in Bath in 2005...
Bath-headquartered alternative finance lender Time Finance has achieved a record lending book of £188.6m after several months of sustained growth. The firm, which specialises in a range of funding services spanning invoice finance, business loans and asset-based lending, achieved the 23% increase in the six months ending last November compared to the same period...
South West accountancy firm Monahans has secured ‘significant’ investment to launch an acquisition strategy as it targets a quadrupling of its turnover over the next five years. The firm, which has seven offices including in Bath, received the funding from Sumer, the nationwide partnership of accountancy firms it joined last May. Part of the...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. HMRC cautions self-assessment customers against scammers The warning comes after a 14% increase in suspicious contacts. Click here to find out more Record number of company formations in 2023 More than 900,000 new businesses were created. For more details,...
Bath Building Society’s chief financial officer Richard Ingle is to be promoted to chief executive officer next month, replacing Kevin Gray, who has been in the role for nearly six years. Richard, pictured, joined the society, which has more than 20,000 savers and 1,200 mortgage customers, as chief financial officer (CFO) in 2022, having...
