Finance

Redde ready for recovery after being hit by lack of traffic accidents due to lockdowns

December 11, 2020
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Redde ready for recovery after being hit by lack of traffic accidents due to lockdowns

Bath-based specialist vehicle accident management group Redde has continued to feel the impact of Covid-19 as quieter roads have resulted in fewer prangs. But its acquisitive parent group, whose interests span the vehicle hire, repair and salvage markets, said it was bouncing back strongly from the pandemic.  Redde, formerly known as Helphire and an...

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Government financial support for locked down firms covered just quarter of their costs, survey shows

December 11, 2020
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Government financial support for locked down firms covered just quarter of their costs, survey shows

Bath firms have slammed government financial support for businesses forced to close during the most recent lockdown as grossly inadequate. Some 54% of West of England businesses that were shuttered during November – including restaurants, cafes and non-essential retailers – said the financial assistance covered less than a quarter of their overheads, a new...

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Two client partners join insurance broker start-up as it goes for growth

December 11, 2020
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Partners&, the recently launched chartered insurance broker with an office on the outskirts of Bath, has appointed two new client partners as it continues to build its team.  Based at Dyrham, Partners&, which counts Chris Jelf, the founder of the Jelf insurance group among its directors, describes itself as a new style of insurance...

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Rebrand for small business funder 1pm as it calls time on its ‘buy-and-build’ strategy

December 10, 2020
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Rebrand for small business funder 1pm as it calls time on its ‘buy-and-build’ strategy

1pm, the Bath-based independent specialist finance provider, has changed its name to Time Finance in a move it said reflected it becoming a unified brand that delivers a comprehensive financing solution to small and medium-sized UK businesses. The rebranding follows the recent completion of a ‘buy-and-build’ phase of 1pm’s strategic expansion, it said.  The...

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Pearson May weekly financial round-up

December 10, 2020
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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 you the top national finance stories. Party on? How to keep the Christmas spirit alive  Does the tax break still apply to Christmas parties in 2020? Click here to find out Clock ticks towards 2019/20 self-assessment deadline The 2019/20 deadline is on or...

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Brexit confusion continues for third of firms as UK-EU talks go down to the wire

December 8, 2020
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Brexit confusion continues for third of firms as UK-EU talks go down to the wire

A third of South West firms still do not know if they will be impacted by Brexit with less than four weeks to go to the end of the UK-EU transition period, according to a new survey. At the same time 46% are worried that Brexit could have a bigger impact on them than...

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Firms invited to have their say on region’s 20-year planning blueprint

December 4, 2020
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Firms invited to have their say on region’s 20-year planning blueprint

Businesses in and around Bath have less than two weeks to give their views on the type of employment spaces, vital transport links and homes the region needs over the next 20 years. The West of England Combined Authority (WECA) has already received almost 1,000 responses to the survey it is running on its...

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Council set to close down loss-making Visit Bath and join new regional tourism group

December 4, 2020
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Council set to close down loss-making Visit Bath and join new regional tourism group

Visit Bath, the city’s cash-strapped direct marketing organisation, is set to be axed and replaced by a region-wide body in a move that could save the city £2m over the next 10 years. According to a report to Bath & North East Somerset Council’s (B&NES) cabinet, setting up a new organisation with other West of...

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Bath hit harder than other cities, warns BID, as stores, bars and cafes count cost of Covid-19

December 4, 2020
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Bath hit harder than other cities, warns BID, as stores, bars and cafes count cost of Covid-19

Bath city centre bars, restaurants and shops lost at least £142m during the first national Covid-19 lockdown while the cancellation of its iconic Christmas market will deal the city a further £13.6m blow, new figures reveal. Data provided by credit card company Visa shows that expenditure lost to the hospitality and retail sectors in...

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Airport digital map that stops passengers getting lost set for take off after firm lands investment

December 4, 2020
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Airport digital map that stops passengers getting lost set for take off after firm lands investment

A Bath firm producing digital maps that stop passengers getting lost in busy airports and missing their flights has received further investment to roll out the technology across the world. Living Map, which was founded in 2010 by urban design consultant Tim Fendley and now employs more than 25 people, will also use the...

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