Finance

Bristol Business Blog: Zoe Thomas, Smith & Williamson. Businesses must plan for autumn tax changes

September 10, 2020
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Bristol Business Blog: Zoe Thomas, Smith & Williamson. Businesses must plan for autumn tax changes

The Chancellor’s Summer Statement introduced measures aimed at supercharging the ailing UK economy and soon all eyes will be on Rishi Sunak’s Autumn Budget. Considering certain areas before taxes start to rise could bring real benefits to business owners in the long term.  Zoe Thomas, tax partner at professional...

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Experienced accountant joins Bishop Fleming as corporate and business services director

September 8, 2020
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Experienced accountant joins Bishop Fleming as corporate and business services director

Bishop Fleming, the regional accountancy firm with the largest of its seven offices in Bristol, has appointed Angela Appiah Shippey as its new corporate and business services director. Angela joins from Bristol-based accountants FD Works, where she was client director for 18 months. She has more than 22 years’...

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Bristol advisors overcome Covid-19 crisis to help serve up posh pet food brand buyout

September 4, 2020
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Bristol advisors overcome Covid-19 crisis to help serve up posh pet food brand buyout

An all-Bristol advisory team of lawyers and financial advisers has completed one of the biggest deals of recent years in the UK’s fast-growing pet food industry, despite the challenges caused by the coronavirus pandemic. The sale of Forthglade, the fast-growing ‘posh’ dog food brand, to IK Investment Partners (IK)...

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TLT helps secure £20m facility for Ultimate Finance Group to grow its loan book

September 4, 2020
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TLT helps secure £20m facility for Ultimate Finance Group to grow its loan book

Bristol-headquartered national law firm TLT has advised specialist asset-based lender Ultimate Finance Group, which has a base in the city, on a £20m loan-on-loan facility. The capital from OakNorth Bank will help Ultimate grow its bridging loan book, providing essential short-term funding to enable property developers and investors to complete...

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Burges Salmon energy team advises on powerful UK solar plant deal

September 4, 2020
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Burges Salmon energy team advises on powerful UK solar plant deal

The owner of one of the UK’s largest solar power plant portfolios has expanded further with the help of Bristol-headquartered law firm Burges Salmon’s energy sector practice. A cross-firm team advised long-standing client Bluefield Solar on the acquisition and financing of 15 ground-mounted operational solar photovoltaic (PV) plants with...

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Survey shows gloomy South West firms ready to axe jobs as demand fails to recover

September 3, 2020
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Survey shows gloomy South West firms ready to axe jobs as demand fails to recover

Firms in the South West are among the most pessimistic in the UK about the impact of the coronavirus pandemic, with many expecting to shed jobs when the government’s furlough scheme ends, according to a new survey. The Lloyds Bank Business Barometer, which takes the pulse of 1,200 firms...

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New physical distancing measures mean half PwC’s Bristol staff can return to office

September 3, 2020
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New physical distancing measures mean half PwC’s Bristol staff can return to office

Global accountancy group PwC is encouraging around half its Bristol staff to return to its office in the city after installing social distancing measures. The firm, which employs 580 at its regional base at Glass Wharf, pictured, said workers could begin to return on a voluntary basis after the...

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Government’s Kickstart scheme will help firms develop young talent, says Business West

September 2, 2020
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Government’s Kickstart scheme will help firms develop young talent, says Business West

Business West, the region’s largest business organisation, has welcomed the launch today of the government’s Kickstart scheme, which offers subsidised job placements to out-of-work young people. Under the £2bn programme, 16 to 24 year olds claiming Universal Credit and at risk of long-term unemployment, will be able to gain...

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Investor showcase goes online to give tech and creative firms the chance to pitch for funds

August 28, 2020
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Investor showcase goes online to give tech and creative firms the chance to pitch for funds

Bristol tech and creative businesses seeking equity investment of between £100,000 and £2m are being invited to take part in the next Silicon Gorge showcase. Taking place on November 12 as part of Bristol Technology Festival, the event will give up to 12 start-ups or scale-ups the chance to...

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£750k funding puts dad-and-son swimwear firm on course for rapid growth

August 28, 2020
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£750k funding puts dad-and-son swimwear firm on course for rapid growth

Bristol-based father-and-son beachwear business Tom & Teddy is ready to embark on its next growth phase after receiving £750,000 in financial support. The funding will be used to launch new products, widen the range from swimwear to include caps and flip flops, recruit staff and increase its online advertising.  Some £350,000 has come from the government-backed Future Fund, which...

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‘Unfair’ Capital Gains Tax rules for divorcing couples need to change, argues Milsted Langdon

August 26, 2020
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‘Unfair’ Capital Gains Tax rules for divorcing couples need to change, argues Milsted Langdon

Regional accountancy firm Milsted Langdon, which has an office in Bristol, has joined family law organisation Resolution to call for a reform of Capital Gains Tax (CGT) to make it fairer and simpler for divorcing couples. The Office of Tax Simplification (OTS), part of the HM Treasury, is reviewing...

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DAC Beachcroft signals global expansion and UK investment with new £65m banking facility

August 21, 2020
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DAC Beachcroft signals global expansion and UK investment with new £65m banking facility

International law firm DAC Beachcroft, which has its largest UK office in Bristol, is set to widen its global presence and introduce new legaltech projects after securing a £65m finance facility from longstanding banking partners HSBC UK and Lloyds Bank. The firm, which has 19 offices and employs more...

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Gloomy West firms start to axe jobs as they count cost of coronavirus on profits

August 21, 2020
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Gloomy West firms start to axe jobs as they count cost of coronavirus on profits

The coronavirus pandemic has hit profits at more than 60% of firms in the West of England – with nearly one-in-seven fearing they will never return to pre-Covid levels of activity, according to the largest business survey in the region. Just under a quarter of firms have, or plan...

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