Blog Archives

The LAST WORD: Phil Schmid, operational real estate transaction team leader, CBRE Bristol

November 1, 2024
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The LAST WORD: Phil Schmid, operational real estate transaction team leader, CBRE Bristol

Each week Bristol Business News gives a prominent member of the city’s business community the last word on its weekly e-bulletin. This week CBRE Bristol operational real estate transaction team leader Phil Schmid, answers our 10 questions. What was the LAST:  Film you watched? The Ministry of Ungentlemanly Warfare. My wife...

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New era for Bristol-headquartered invoice finance firm as it gets snapped up by fast-growing rival

November 1, 2024
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New era for Bristol-headquartered invoice finance firm as it gets snapped up by fast-growing rival

Bristol-based invoice finance provider Optimum Finance has been acquired by a larger competitor in a move its CEO said would unlock new possibilities for its “clients, introducers and team members”. Optimum was set up in 2017 by Richard Pepler, a notable figure in the invoice finance sector as the...

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PR agency’s thoughtful leadership podcast to explore challenges faced by today’s business chiefs

November 1, 2024
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PR agency’s thoughtful leadership podcast to explore challenges faced by today’s business chiefs

Bristol communications agency Ambitious has launched a podcast series shedding light on thought leadership – with one of the city’s most successful entrepreneurs of recent years as its first guest. Dr Zara Nanu co-founded Gapsquare, where she combined her passion for human rights with the power of data analytics...

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Budget 2024: Rob Chedzoy, tax partner, Milsted Langdon. SMEs squeezed despite Reeves’ ‘balance and stability’ message

November 1, 2024
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Budget 2024: Rob Chedzoy, tax partner, Milsted Langdon. SMEs squeezed despite Reeves’ ‘balance and stability’ message

The sweeping fiscal changes announced by Chancellor Rachel Reeves in her Budget will hit SMEs and business owners hard as the government seeks to plug a ‘£22bn black hole’ in the public purse. In one of the most hotly anticipated Autumn Budgets in recent years, the Chancellor announced the...

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Takeover of 20-year-old Bristol safety equipment firm helps US group build its portfolio of brands

November 1, 2024
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Takeover of 20-year-old Bristol safety equipment firm helps US group build its portfolio of brands

A Bristol-based manufacturer and supplier of safety lifting equipment has been acquired by a specialist US group as part of its continued international expansion. Tacklestore, which was launched 20 years ago and has its head office in Avonmouth, is now part of Vertical Supply Group (VSG), a leading supplier...

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Switch to employee ownership model aims to power further growth at leading generator hire firm

November 1, 2024
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Switch to employee ownership model aims to power further growth at leading generator hire firm

Bristol-based temporary generator hire firm Power Electrics has become the latest in the city to transition from privately owned to an Employee Ownership Trust (EOT). The firm, which has grown from a small yard in 1963 to operating the UK’s largest generator transport fleets, said the move marked a...

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Budget 2024: Thrings’ experts look at the impact of Reeves’ tax changes

November 1, 2024
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This week’s Budget ushered in a large number of tax reforms as Chancellor Rachel Reeves seeks to balance the Treasury’s books. Here experts from law firm Thrings look at some of the key changes.  Inheritance Tax  The inheritance tax (IHT) threshold freeze remains for a further two years to...

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Bristol venues looking to book a place among the winners in the region’s top tourism awards

November 1, 2024
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Bristol venues looking to book a place among the winners in the region’s top tourism awards

Hospitality businesses from Bristol will line up against the cream of the West of England’s tourist attractions next month when the region’s most prestigious awards scheme for the sector returns for another year. The Bristol, Bath, and Somerset Tourism Awards celebrate excellence in an industry that has continued to...

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Change at the top for Bristol-based Triodos, the UK’s most ethical bank, as CEO prepares to leave

October 31, 2024
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Change at the top for Bristol-based Triodos, the UK’s most ethical bank, as CEO prepares to leave

The CEO of Bristol-headquartered ethical finance firm Triodos Bank UK is to step down from the role next year in a move that will coincide with its 30th anniversary. Bevis Watts, pictured, joined Triodos in April 2016 as its managing director and became CEO three years later.  It was...

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SETsquared event will tackle future funding for spin-outs while offering firms chance to pitch to investors

October 31, 2024
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SETsquared event will tackle future funding for spin-outs while offering firms chance to pitch to investors

Three Bristol deep tech spin-out businesses will be vying for investment of up to £2m at a high-profile event aimed at shaping the tech investment landscape. The innovative firms will line up against 17 other businesses at Investment Futures in London, which will also feature panel and roundtable discussions on...

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Budget 2024: Adele Clapp, tax director, Bishop Fleming. Double whammy of tax rises for employers

October 30, 2024
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Budget 2024: Adele Clapp, tax director, Bishop Fleming. Double whammy of tax rises for employers

Employers have been heavily impacted by this Budget. Employers’ National Insurance Contributions (NICs) will increase by 1.2% to 15% from April 2025. And the threshold at which it becomes payable has decreased from £9,100 to £5,000. That double whammy of tax rises is partly offset by the Employment Allowance increasing...

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Budget 2024: Peter Ball, tax partner and head of private client, Bishop Fleming. Reeves springs immediate changes in Capital Gains Tax

October 30, 2024
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Budget 2024: Peter Ball, tax partner and head of private client, Bishop Fleming. Reeves springs immediate changes in Capital Gains Tax

As widely expected, the Chancellor has increased the rate of Capital Gains Tax (CGT) from Budget Day itself, so any transactions occurring on or after today are affected. That means that any potential window that could have arisen, had the increase been delayed until April 2025, has been closed. ...

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Budget 2024: Zoe Martin, partner, Bishop Fleming. Owner-managed businesses are facing a squeeze

October 30, 2024
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Budget 2024: Zoe Martin, partner, Bishop Fleming. Owner-managed businesses are facing a squeeze

Businesses have been heavily impacted by this Budget, with several key changes being introduced, adding to their tax and operational costs. The rise in employers’ National Insurance Contributions (NICs) will impact employers significantly, particularly small businesses.  Employers’ NIC increases by 1.2% to 15% from April 2025. And the threshold...

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