Bath financial technology firm Roqqett has been sold to a major national tech-led payment group in a deal worth up to £2.25m just three years after its launch. Roqqett was founded by Glenn Smith, who previously held senior roles with UBS and Barclays in foreign exchange derivatives followed by more than a decade in...
Firms in the Bath can ensure they are fit for the future by taking advantage of free support on offer under a Workforce for the Future programme. Staged by Business West, the region’s largest business organisation, Workforce for the Future provides fully funded, tailored and in-depth support for firms with fewer than 250 employees to...
The CEO of 100% renewable electricity supplier Good Energy has hit back at a report by industry regulator Ofgem which claimed it was failing vulnerable customers. Chippenham-headquartered Good Energy was among 17 energy suppliers told by Ofgem to improve their customer service ahead of what will be a costly winter for many consumers. Its review...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. OBR report confirms UK in recession Economic recovery expected in late 2024. Click here for more information HMRC to change salary advance reporting requirements The legislation aims to reduce administrative burdens. To find out what is changing,...
The Bath-based advisors behind the sale of Mercedes-Benz commercial franchise partner Rygor to its management have spoken about their involvement in the deal. Lawyers from Bath-headquartered RWK Goodman worked with Rygor’s shareholders while the Bath office of regional accountancy firm Bishop Fleming provided them with tax advice. Corporate finance advice came from the Bristol office...
Time Finance, the Bath-headquartered alternative funding provider, has strengthened its invoice finance team with the appointment of a new business development manager. Jake Smedley, pictured, joins with a background in corporate insolvency and alternative finance, having spent the past six years supporting businesses through recovery and turnaround plans in addition to helping them to...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Business support set out by Chancellor Some industry leaders praise Autumn Statement measures. Find out more here Tax thresholds frozen in Autumn Statement Additional-tax rate threshold reduced for thousands of taxpayers. Click here for more information ...
The growth path for businesses and the UK economy may be “long, rocky, and protracted”, the region’s largest business group fears following the Autumn Statement. Matt Griffith, pictured below, director of policy at Business West – the organisation that runs Bristol Chamber of Commerce – described the statement as “a difficult budget for difficult times”. ...
The Autumn Statement has piled more pressure on the UK’s 5.5m small businesses, their employees and customers, according to the Federation of Small Businesses (FSB). Chancellor Jeremy Hunt’s measures were “high on stealth-creation and low on wealth-creation”, FSB national chair of Martin McTague said. “While tackling inflation is essential, so are measures to create conditions for...
Chancellor Jeremy Hunt has presented his Autumn Statement. The main points were: Chancellor said priorities were stability, growth and public services and high inflation is the enemy. But he confirmed UK was in recession. GDP is forecast to shrink by 1.4% next year, before returning to growth in 2024. Top rate of tax will...
