Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. HMRC services face increased dissatisfaction Growing frustrations revealed in Administrative Burdens Advisory Board (ABAB) survey. For more details, click here More than a quarter of Covid grant claims were unjustified Scheme prevented closures but raised concerns over fund...
Specialist funder Time Finance is to increase lending by its invoice finance business after renewing and increasing its back-to-back funding facility with NatWest by £10m. The increase to £65m includes £55m fully committed and an additional £10m ‘accordion’ line of credit. The facility will be used exclusively for lending to UK businesses and provides...
Struggling Somerset-based fashion business Mulberry has rejected an £83m takeover bid from Frasers Group, the retail business controlled by billionaire Mike Ashley that already owns 37% of its shares. The offer was made as Mulberry, which has manufacturing sites at Chilcompton, south of Bath, and in Bridgwater, faces some of its tough trading conditions since...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. HMRC chases directors for unpaid taxes Rise in liability notices issued to company directors soars by 225%. For more details, click here Capital Gains Tax receipts double Higher property taxes prompt sales ahead of possible rate hikes. Click here to...
Pre-tax profits have again soared at Time Finance, the Bath-headquartered alternative finance provider, as it enters the final year of its four-year strategic plan to reshape the business. The firm, which provides asset, loan and invoice finance products to more than 11,000 UK businesses, has spent three years targeting lending book growth driven by both...
Bath-headquartered change management consultancy Nine Feet Tall has joined an international consulting group specialising in innovation and transformation by technology. Talan has been advising and partnering with some of the world’s leading companies, administrations and tech partners for more than 20 years. By joining the Paris-headquartered organisation, Nine Feet Tall will complement the capabilities...
An investment fund worth £100m is to be set up to help finance the West of England’s drive towards a green economy, including supplying up to 36,000 homes with renewable energy. The fund was approved by the West of England Combined Authority, which has committed £10m of new investment. According to Metro Mayor Dan...
An impact-driven venture fund based near Bath has completed its first deal, investing £235,000 into a start-up aiming to end disadvantage for women in the workplace. Aer Venture Studios has been launched by Aer Studios, a creative technology firm headquartered in Corsham. It plans to work with founders and their teams by providing the creative...
In today’s business landscape, where diversity and inclusion are essential for success, public events like The Welcome Party offer more than just entertainment – they provide a vital platform for shifting perceptions and building stronger, more inclusive communities. This new event, which takes place in Bristol on 7 November to celebrate the talents and stories of...
A new collaboration between business and the West of England’s leading universities aiming to tackle the region’s long-term challenges and pave the way for greater investment and prosperity has appointed its inaugural chair and director. Ex-Airbus UK managing director Sir Iain Gray and Andrea Dell, the former head of Bristol City Council’s One City initiative, have...
