Nearly 4,000 companies in the Bristol area are in ‘significant’ financial distress as the economy continues to teeter on the brink of recession, according to a new report. The 12% increase on the previous quarter shows stubbornly high interest rates and inflation alongside weak consumer confidence and rising and...
The Bristol office of growth finance group BGF invested nearly £70m in small and mid-sized businesses in 2023, taking its total for the past three years to £190m. The long-term investor, which makes initial investments of between £1m to £20m for a minority equity stake, said it backed businesses...
A Bristol drain clearance company is targeting a turnover of £5m this year as it continues to invest in its fleet and personnel. Trent’s Drains, which was set up by father and son Mark and Louis Trent in 2013, has grown dramatically over the past four years on the...
Bristol-headquartered national law firm TLT’s corporate team has advised on a complex investment deal involving a West of England financial advice business which has significantly increased the UK footprint of a major Swedish group. TLT acted for Bath-based Fidelius on its investment by Söderberg & Partners, one of the...
Bristol-based invoice finance provider Optimum Finance has made a number of appointments as it looks to continue last year’s steady expansion into 2024. Steve Chapman has joined as risk & recoveries manager to lead the firm’s activity in that area. Steve, pictured, has more than 40 years’ experience within...
Private equity and investment firm Maven Capital Partners has strengthened its presence in Bristol to support its delivery of the £200m South West Investment Fund (SWIF). Launched last July by the British Business Bank, SWIF aims to boost the supply of finance to small and medium-sized businesses across the...
Alternative regional funder SWIG Finance has reached the landmark of lending £15m to 250 small businesses across the South West in a scheme backed by Triodos, the ethical bank with its UK headquarters in Bristol. The milestone came within five years of the first loan being made under the...
An expanding provider of short-term real estate loans has secured a £70m investment, with two Bristol law firms advising on the transaction. Foot Anstey worked with Quilam Capital while Osborne Clarke supported Foresight Group. Both are long-term clients of the firms. Under the funding round, Foresight will provide senior...
The corporate and mergers & acquisition team at Bristol-headquartered law firm Burges Salmon has helped create a major new investor for the UK solar market which will finance schemes from the development to operational stages. The long-term strategic partnership between Bluefield Solar Income Fund GLIL Infrastructure commits them to...
Nine in 10 mid-sized firms based in the South West shrugged off the national economic gloom last year to achieve their forecasted growth, according to a new survey. Now nearly a third plan to launch new products or services to continue to expand this year, despite challenges linked to...
Specialists from Bristol-headquartered national law firm TLT and the city office of global accountancy group KPMG have advised a West of England communications and IT business on its sale to a fast-growing national managed service provider. The teams from TLT and KPMG worked with Cheltenham-based Bamboo Technology’s shareholders on...
Bristol has become the base for a major new force in the specialist insurance market following completion of a deal involving two firms with their UK head offices in the city. The acquisition of Bristol-headquartered legal protection insurer DAS UK by ARAG, creates a business with around 800 staff...
The head of private wealth at Bristol-headquartered national law firm Burges Salmon has been named among the world’s top private client practitioners. Suzanna Harvey, pictured, appears in the 2024 edition of the prestigious eprivateclient 50 Most Influential table, which recognises the key figures in the sector. The individuals in...
