Confidence among South West firms remains the most fragile of any UK region, according to two new surveys, with weak economic growth and skills shortages among the biggest challenges. Business optimism in the region fell six percentage points during May according to the latest Business Barometer from Lloyds Bank Commercial Banking. Firms also reported...
Bath-headquartered alternative lender Time Finance has said that a £1.1m asset-based lending (ABL) facility it arranged for an expanding structural steel engineering firm proves how effective such deals can be. The unnamed firm, based in the South East, was introduced to Time Finance by its financial consultant, Kent-based Open InVoice Finance, which had been brought...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Self-assessment threshold increases to £150,000 Fewer PAYE taxpayers will submit returns in 2023/24. Click here for more information Access to finance limited for SMEs Low awareness and high borrowing costs limit growth. Find out more here
Two new partners have been appointed by South West accountancy and finance group Old Mill following a restructuring that enables faster career progression as it continues with its ambitious growth strategy. Chartered accountant Jamie Rudge and compliance director Duncan Parkes are both now technical partners in the compliance team at the firm, which has offices...
On-site renewable energy generation is helping thousands of businesses to reduce costs, become more sustainable and gain long term energy security. If you’re considering solar power but are not sure where to start, this free breakfast webinar is a chance to hear from those who have already made the switch and get your questions...
Dairy company Coombe Castle has scaled up its operations to meet continued global demand for its cheese and clotted cream after being awarded a series of grants. The firm, based in Melksham, exports across the globe, including to Japan, Canada, the US and Hong Kong. Following bespoke support from membership team at Business West,...
Fast-growing Bath-based men’s cosmetics firm Shakeup, already the UK’s fastest-growing male skincare brand, is aiming for further expansion after securing a six-figure credit line. The working capital agreement with regional alternative finance lender SWIG Finance has enabled Shakeup to place significant orders with its manufacturers to meet growing product demand. It has also allowed...
Bath Building Society has become the first business in the city to host a tree nursery on its premises as it aims to plant 1,200 trees ahead of its 120th anniversary next year. The society, which has more than 20,000 savers and 1,200 mortgage customers, has teamed up with not-for-profit community organisation More Trees...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Late payment interest rate rises to 7% Interest has doubled since May 2022. Click here for more information HMRC plans to simplify construction industry scheme The scheme may be causing ‘unnecessary’ administrative burdens. Find out more here
South West accountancy and finance group Old Mill has acquired a specialist commercial property pension firm as it maintains its drive to become the fastest-growing practice in the region. The takeover of Quro Financial Solutions is the second in a series of carefully chosen acquisitions to support an ambitious growth plan by Old Mill,...
