Finance

Firms warned of fines and penalties in new clampdown on National Minimum Wage breaches

September 6, 2021
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Firms warned of fines and penalties in new clampdown on National Minimum Wage breaches

South West accountancy firm Milsted Langdon is reminding employers of their obligations when it comes to the National Minimum Wage. In recent months, HM Revenue & Customs (HMRC) has been ramping up its investigation into employers who don’t pay the National Minimum and Living Wage – fining and publicly naming and shaming those businesses...

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Ecotricity offer for rival Good Energy lacking power as owners of just 1.8% shares give their backing

September 3, 2021
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Ecotricity offer for rival Good Energy lacking power as owners of just 1.8% shares give their backing

Green power supplier Good Energy looks to have repelled the latest takeover approach from arch-rival Ecotricity after it emerged that holders of just 1.8% of its shares have accepted the offer. Ecotricity already had 4,169,948 shares in Chippenham-headquartered Good Energy -  equivalent to a 25.1% stake – before pouncing for a fourth time in...

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Council could harness its £200m buying power to help tackle climate change and cut its carbon footprint

September 3, 2021
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Council could harness its £200m buying power to help tackle climate change and cut its carbon footprint

A fundamental review of Bath & North East Somerset Council’s buying practices – including using more local suppliers to further reduce its carbon footprint – is being considered as part of the council’s commitment to tackle the climate emergency. The council, which spends more than £200m each year commissioning goods and services, wants to...

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Deadline looming for prestigious regional awards that recognise excellence in the boardroom

September 3, 2021
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Deadline looming for prestigious regional awards that recognise excellence in the boardroom

Time is running out for Bath area directors to enter the region’s top awards scheme championing its outstanding boardroom talent. The deadline for the annual Institute of Directors’ Director of the Year Awards is September 13. Nominations are open to anyone working at director level in any type of business or organisation – they do not have to...

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Smith & Williamson webinar to shed light on Employee Ownership Trusts

September 2, 2021
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Smith & Williamson webinar to shed light on Employee Ownership Trusts

Some of the key advantages of Employee Ownership Trusts will be outlined at an online event staged by accountancy group Smith & Williamson next week. The Zoom webinar on Wednesday, September 8, will set out the rules around Employee Ownership Trusts (EOTs) and how the structure works in practice, along with practical issues facing...

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Respected industry figure takes up new director role at Time Finance to lead expansion of loan products

September 2, 2021
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Respected industry figure takes up new director role at Time Finance to lead expansion of loan products

Time Finance, the Bath-based alternative financial services group, has appointed Sharon Bryden to the newly created role of director of commercial loans & asset-based lending – a move it said reflected its commitment helping businesses as they recover and grow. As a member of the operating board, Sharon, pictured, will have overall responsibility for...

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Pearson May weekly financial round-up

September 2, 2021
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Pearson May weekly financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring the top national finance stories. Pension freedoms age to increase from 55 to 57  Plans to be written into Finance Bill 2022 and take effect from April 2028. What’s changing? Find out more here ‘Cladding tax’ a step closer to 2022/23 introduction HMRC...

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Milsted Langdon in the running for most-coveted accountancy sector award

September 1, 2021
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Milsted Langdon in the running for most-coveted accountancy sector award

South West accountancy firm Milsted Langdon has been shortlisted for one of the sector’s most-prestigious accolades – the Large Firm of the Year category of the Accounting Excellence Awards. The awards are a highlight of the profession’s calendar, recognising the very best practices and professionals across the UK.  Milsted Langdon, which employs 22 partners...

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Use furlough’s final weeks to address any financial issues, insolvency group urges directors

August 31, 2021
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Use furlough’s final weeks to address any financial issues, insolvency group urges directors

A West of England insolvency expert is calling on Bath’s bosses to make use of the final month of the government’s furlough scheme to plan for the future. Philip Winterborne, who chairs insolvency and restructuring trade body R3 in South West, says directors should review their businesses over the next four weeks and seek...

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Mixed picture on short-term outlook for region’s businesses as confidence levels waver

August 31, 2021
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Mixed picture on short-term outlook for region’s businesses as confidence levels waver

Optimism among South West firms in the economy is increasing as the region continues to recover from the pandemic, according to a new survey, but businesses have become less confident about their own prospects. The latest Business Barometer from Lloyds Bank Commercial Banking shows confidence levels among firms in the South West dropped month-on-month by four...

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