A defence business that works with navies from NATO countries and allied nations has received an export finance facility worth £2.4m to expand further in international markets. Leafield Logistics secured the funding from the government’s UK Export Finance (UKEF) credit agency to free up its cashflow and support its growth. The firm, based in...
Mid-market private equity firm LDC’s South West team has completed three deals with a combined enterprise value of over £175m during what it called a “stellar six-month period” while also stepping up its support for local good causes. At the same time it has supported its existing portfolio in making significant steps to deliver...
Regional accountancy and advisory firm Bishop Fleming is to bring a specialist Gloucestershire practice into its business as part of its ambitious strategy aimed at doubling its size over the next few years. Integrating the business of Bespoke Tax Accountants will add a base in Cheltenham to its existing seven offices, including Bath, while...
Regional accountancy firm Milsted Langdon, which has an office in Bath, has welcomed 16 new starters as it continues a history of supporting trainee accountants that stretches back more than three decades. The latest recruits join the firm’s expanding team of professionals across the South West who are supporting the practice’s growing client base. The...
Highly experienced tax specialist Chris Watts has appointed as an associate director in regional accountancy firm Old Mill’s capital tax advisory team. A qualified member of the Association of Accounting Technicians, Chartered Institute of Taxation and Society of Trust and Estate Practitioners, Chris, pictured, has 26 years’ experience in the industry, with particular expertise in...
Business groups covering Bath and the West of England this afternoon largely approved of many of the measures in Chancellor Kwasi Kwarteng’s mini-Budget – but the political reaction was less favourable. Business West, the region’s largest business group and the organisation behind Bath Chamber of Commerce, said the announcements would go some way to easing...
Chancellor Kwasi Kwarteng presented his mini-Budget in the House of Commons this morning against a backdrop of high inflation, soaring energy bills and an economy which, according to the Bank of England, could already be in recession. Key points announced by Mr Kwarteng, pictured, were: Chancellor says a new approach for a new era is required...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. £1.1bn of Covid-19 loans flagged as fraud The government has published a bounce-back loan scheme performance update. Click here for more information Advisory fuel rates update There has been an increase in advisory fuel rates this month....
Bath-headquartered alternative funder Time Finance has made “significant progress” in the first year of its four-year transformation plan, its CEO said, despite economic challenge pushing down both annual profits and revenues. However, the group, which specialises in asset, loan and invoice finance products, also said the momentum it achieved at the end of its...
Regional audit, accounting, tax, and advisory firm Bishop Fleming, which has an office in Bath, has been named among the best mid-size firms in its sector in a new ranking. The inaugural Mid-Tier Power Index has Bishop Fleming in fifth place nationally and the highest ranked in the South West. The index, launched Accountancy...
