Finance

Bristol Business Blog: Milsted Langdon restructuring partner Tim Close. Covid insolvency rules extension offers relief – but distressed firms must seek help

June 29, 2021
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Bristol Business Blog: Milsted Langdon restructuring partner Tim Close. Covid insolvency rules extension offers relief – but distressed firms must seek help

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...

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Free guide offers expert advice for directors on what to do when things go wrong

June 29, 2021
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Free guide offers expert advice for directors on what to do when things go wrong

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,...

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Experienced insurance industry manager joins Hayes Parsons to drive further expansion

June 29, 2021
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Richard Moxon and James Woollam

Bristol-based Hayes Parsons Insurance Brokers has appointed Richard Moxon to the new role of head of private client to help it reach its ambitious growth plan for the next five years. Richard joins from national insurance broker AON, where was head of UK claims. Prior to that he was a managing...

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Global award shortlisting for Bristol software firm at the forefront of epilepsy research

June 25, 2021
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Global award shortlisting for Bristol software firm at the forefront of epilepsy research

Neuronostics, a Bristol tech firm developing a software platform that will benefit people with epilepsy and other neurological conditions, has reached the final of a prestigious international competition. The Nature Spinoff Prize recognises businesses with the potential to translate world-leading scientific research into products and services that would have...

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‘Sponsored finance’ platform launched by Bristol start-up to help firms back climate change projects

June 25, 2021
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‘Sponsored finance’ platform launched by Bristol start-up to help firms back climate change projects

Bristol start-up PyTerra Xchange has designed a platform to offer businesses a simple way to meet their Corporate Social Responsibility commitments by putting much-needed investment into local climate change projects. Many large firms are seeking to use Corporate Social Responsibility (CSR) to offset their environmental impact over time but are...

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Skill shortages threatening to jeopardise ‘remarkable turnaround’, Business West survey shows

June 25, 2021
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Skill shortages threatening to jeopardise ‘remarkable turnaround’, Business West survey shows

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...

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Data management acquisition handled by Bishop Fleming’s corporate finance team

June 24, 2021
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Data management acquisition handled by Bishop Fleming’s corporate finance team

The corporate finance team at Bishop Fleming, the regional accountancy firm with an office in Bristol, 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 doubled...

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More growth on the cards for global digital media agency following £13m investment

June 23, 2021
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More growth on the cards for global digital media agency following £13m investment

Specialist Bristol digital media agency Hybrid has received a £13m investment to continue to expand organically while also exploring acquisitions. Hybrid, which creates digital outcomes for clients, helping them to engage specialist audiences across the higher education and technology sectors, received the funding from leading mid-market private equity firm...

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£3.1m investment for firm protecting data from quantum computer-enabled hackers

June 18, 2021
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£3.1m investment for firm protecting data from quantum computer-enabled hackers

A Bristol firm at the cutting edge of data protection and cyber security has received £3.1m to market its pioneering encryption hardware. University of Bristol spin-out KETS Quantum Security has developed one of the world’s first protection systems against quantum security threats, starting with chip-based, quantum-safe encryption development kits. ...

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Business West warns importers of looming deadline for declaration on goods from EU countries

June 17, 2021
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Business West warns importers of looming deadline for declaration on goods from EU countries

Bristol 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...

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Probe into post-pandemic work patterns to help plan future of travel in the West of England

June 16, 2021
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Probe into post-pandemic work patterns to help plan future of travel in the West of England

Bristol businesses are being asked for their views on the changing work patterns of their employees to help gauge post-Covid transport needs. Independent research has been commissioned by the West of England Combined Authority (WECA), which includes Bristol City Council, into the ways firms across the region plan to...

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Maintenance services firm’s shareholders advised by Bishop Fleming on sale

June 16, 2021
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Maintenance services firm’s shareholders advised by Bishop Fleming on sale

Regional accountancy firm Bishop Fleming, which has its largest office in Bristol, has completed the sale of a mechanical and electrical maintenance group on behalf of its shareholders. Acorn Engineering Group, based in Slough, was acquired by Cambridge Maintenance Services for an undisclosed sum in a deal that provides...

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PwC joins Bristol climate group as it makes eco pledges to aim for Net Zero by 2030

June 16, 2021
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PwC joins Bristol climate group as it makes eco pledges to aim for Net Zero by 2030

Accountancy group PwC has become the latest firm to join the Bristol Climate Leaders Group, which was launched last November to help make the city carbon neutral within 10 years by sharing experiences and best practice. PwC, which employs 580 people in its West of England office at Temple...

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