Finance

French motor oil firm to site its first UK base in Bath as city’s office market powers ahead

August 9, 2024
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French motor oil firm to site its first UK base in Bath as city’s office market powers ahead

Motul, the French engine oil and lubricants manufacturer, is to open an office in Bath in a major boost to the city’s commercial property market. The firm, a long-term partner of emblematic international racing competitions such as the Dakar Rally and the 24 Hours of Le Mans, is the latest to take space in the...

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New report calls for action to help small retailers and halt further decline of region’s high streets

August 5, 2024
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New report calls for action to help small retailers and halt further decline of region’s high streets

Nearly half of all small shops in the South West could be forced to close down without business rate relief, according to a major new report into the state of the region’s high streets. Business rates remain a “huge burden” on small retailers, says the Federation of Small Businesses (FSB), which commissioned the research.  ...

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Recognition for Thrings private client team and partner in acclaimed high net worth guide

August 5, 2024
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Law firm Thrings is celebrating the appearance of one its Bath-based partners and its private client team in a prestigious specialist legal publication. Penelope Munro features in the 2024 edition of Chambers and Partners High Net Worth Guide for the second consecutive year while the private client team is also praised for its work in...

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Pearson May financial round up

August 1, 2024
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Labour Budget date set for 30 October £20bn deficit is expected to be addressed. Click here to find out more New tax rules for non-doms They face stricter taxes and inheritance rules. For more details, click here

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Pearson May financial round up

July 25, 2024
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Financial Reporting Council (FRC) audit enforcements down by a third Audit quality concerns despite reduced investigations Click here to find out more HMRC warns on workplace nursery tax abuse Employers must meet the criteria to avoid penalties. For more details,...

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Nearly 900 micro businesses across the South West benefit from £11m-plus in essential start-up loans

July 24, 2024
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Nearly 900 micro businesses across the South West benefit from £11m-plus in essential start-up loans

More than £11m has been lent to start-up firms across the South West ranging from a sewing café to a mobile cocktail bar over the past year under a programme run by the British Business Bank. Since its launch in 2012, the Start Up Loans scheme has supported more than 9,000 businesses through £90m in loans...

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Five years of economic expansion forecast for the West of England, outpacing all other UK regions

July 19, 2024
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Five years of economic expansion forecast for the West of England, outpacing all other UK regions

The West of England’s economy is forecast to grow faster over the next five years than any other part of the UK outside London, according to two new reports. The region, along with South Wales, will achieve economic expansion of 1.4% a year between now and 2029, according to the analysis commissioned by the...

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Pearson May financial round up

July 18, 2024
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. HMRC rolls out VAT registration Estimator tool for assessing VAT registration impact for SMEs. Click here to find out more Stricter ID rules for UK company registration New measures target fraud and enhance transparency. For more details, click here

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Change at the top ushers in new chapter for Bath’s oldest charity as it celebrates milestone year

July 18, 2024
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Change at the top ushers in new chapter for Bath’s oldest charity as it celebrates milestone year

The CEO of Bath’s oldest charity, St John's Foundation, is to step down after six years in the role. David Hobdey, pictured, who retires later this month, joined the community organisation, which 850th anniversary this year, in 2016 as finance director.  He became CEO two years later and in 2020 was instrumental in launching...

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Pearson May Financial Update: Sixty-day reporting for sale of UK residential properties

July 15, 2024
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Pearson May Financial Update: Sixty-day reporting for sale of UK residential properties

Do you know that if you sell UK residential property and there is Capital Gains Tax (CGT) payable, then the gain must be reported and the CGT paid within 60 days of the completion date?  If you have recently sold a property, or are planning to, then you may need to take urgent action,...

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