As many Coronavirus restrictions will now remain in place until July 19, the government has decided to extend some of the temporary Covid insolvency rules to support struggling businesses. While an extension to the measures is welcome but businesses in distress still face tough months ahead. Originally introduced in March last year, the Corporate...
R3, the restructuring and insolvency trade body, has launched a free guide for company directors on how to spot signs of financial distress, options open to them to resolve it and where to get expert advice. Called Get Back to Business: A guide to dealing with corporate financial distress, it is available to download from www.backtobusinessuk.com The guide: ...
West of England business’s confidence in the economy has bounced back for the first time in four years, according to a new survey, but there are growing fears that the recovery will be choked off by a lack of skilled workers. The latest quarterly economic survey conducted by Business West, the region’s largest business...
Bath-based alternative financial services group Time Finance has become an accredited lender under a government scheme to help businesses recover from the impact of the coronavirus pandemic. The group, which specialises in asset, loan and invoice finance products, is now able to support small and medium-sized firms looking for additional funding by providing loans and...
Public relations consultancy Clearly has launched a project for young people to help businesses in its home city of Bath tackle climate change and increase positive social impact. In what it believes is the first venture of its kind for a UK PR firm, Clearly has committed £5,000 to fund the research, development and...
Bath accountancy firm Pearson May and Bath Business News team up with each week to bring you the top national finance stories. Sweeping EU VAT reforms to affect online retailers Three reforms to the EU’s VAT rules take effect from July 1 Does this affect you? Find out here Furlough scheme begins winding down as scheduled Chancellor Rishi Sunak...
The corporate finance team at Bishop Fleming, the regional accountancy firm with an office in Bath, has advised an independent records management business on an acquisition that has made it one of the top firms in its sector. Secure Data Management, based in Kemble, near Cirencester, had already double its number of client records...
The founder of Bath-based spectacles designer and manufacturer Inspecs today insisted the group was seeing growth this year after unveiling annual results showing it had fallen into the red on lower revenues in 2020. Robin Totterman, pictured, the former bond trader who launched Inspecs in 1988, said it had performed well in the first...
Bath-based alternative financial services group Time Finance is aiming to more than double lending over the next four years as part of a major expansion of the business. The group, which appointed a CEO earlier this month, also plans to fund more of its loans rather than act as a broker to other lenders...
Bath firms that have imported goods from countries in the EU this year are being urged to complete their full declarations or face a possible fine or prosecution as the final deadline approaches. Regional business group Business West, which is authorised by HMRC to process supplementary customs declarations, said companies needed to submit their...
