Finance

Specialist funder 1pm clocks up huge increase in profits as new business soars

January 21, 2014
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Profits have soared by 84% at 1pm, the Bath-based firm providing finance to small and medium-sized businesses, after it signed up a record number of new customers. Total revenue for the six months to November 30 rose by 37% to £1.95m compared with the same period last year with pre-profits reaching £609,000. The firm,...

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Regional Adviser of the Year title collected by Epoch Wealth Management

January 15, 2014
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Regional Adviser of the Year title collected by Epoch Wealth Management

Bath-based Epoch Wealth Management has been awarded the title Adviser of the Year 2014 for the South West region by respected industry magazine New Model Adviser. Epoch beat off competition from four other shortlisted firms to win the prestigious award at the New Model Adviser Conference in London. This followed an extensive vetting process...

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GE aims for more NHS work after snapping up UK healthcare consultants

January 10, 2014
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Health and social care consultancy Finnamore, which has an office near Bath, has been acquired by GE Healthcare, part of the global GE group. Under the deal, financial details of which have not been released, GE Healthcare’s UK consultancy arm, formerly Performance Solutions UK, becomes GE Healthcare Finnamore. Joint staffing has reached 70, many...

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Record number of trainees taken on by accountants Bishop Fleming’s Bath office

January 8, 2014
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Record number of trainees taken on by accountants Bishop Fleming’s Bath office

The Bath office of West accountants Bishop Fleming has appointed a record number of trainees. The six join shortly after the firm gained the title of Britain’s fourth best accountancy employer. Iain Parnell and Joshua Goode have been appointed as graduate trainees for the three-year qualification as chartered accountants. School leavers Mem Bradley and...

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Novia sells web development joint venture to insurance giant Aegon

December 31, 2013
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Novia sells web development joint venture to insurance giant Aegon

Bath-based Novia Financial Holdings has sold its Novia Investment Services joint venture to partner Aegon UK, part of one of the world’s largest life insurance and pensions groups. The deal, for an undisclosed sum and subject to regulatory approval, means development work on Aegon’s website Aegon Retirement Choices will be taken in-house. Novia Investment Services...

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Monahans’ webinar will tease out the devil in the detail of Chancellor’s Autumn Statement

December 18, 2013
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Monahans’ webinar will tease out the devil in the detail of Chancellor’s Autumn Statement

West accountancy firm Monahans is to stage a webinar dedicated to examining the finer details of Chancellor George Osborne’s recent Autumn Statement. The webinar will be broadcast live on Thursday January 16 at 12:30pm, allowing participants to interact directly with Monahans corporate tax partner Dominic Bourquin, pictured, and ask him questions. The free, 15-minute...

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Firms still concerned about inflation despite fall, says Business West

December 18, 2013
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Firms still concerned about inflation despite fall, says Business West

Inflation remains a concern for West businesses despite November’s small decrease, according to the region’s largest business organisation. The annual rate of inflation dropped from 2.2% to 2.1% last month as falls in the cost of food, gas and electricity prices took effect. But Phil Smith, pictured, managing director of Business West, which runs...

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Strong bounce back by businesses points to steady growth in 2014

December 16, 2013
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Strong bounce back by businesses points to steady growth in 2014

Business confidence is running at its highest level for more than three years as the recovery gathers pace and firms put austerity behind them at last. Manufacturers in particular are upbeat about their prospects going into the new year, according to the latest Business Trends report by accountants BDO. Optimism among manufacturers, driven by...

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What’s the big idea? Bath firms urged to come up with suggestions to spark jobs and growth

December 16, 2013
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What’s the big idea? Bath firms urged to come up with suggestions to spark jobs and growth

Ideas on the best way to create sustainable jobs and growth across the West of England are being invited from Bath firms. The Local Enterprise Partnership (LEP) today launches a six-week public consultation on its Strategic Economic Plan (SEP) – a blueprint for growth over the next six years. The Government has challenged England’s...

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Strong growth forecast at 1pm sends share higher

December 11, 2013
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Strong growth forecast at 1pm sends share higher

Shares in 1pm, the Bath-based specialist funder, climbed strongly today after it said it is on target to achieve significant revenue and profits growth. In a trading statement to the London Stock Exchange, the AIM market-listed firm also said it continued to enjoy strong demand, writing more than £5m of new business during the first...

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