Finance

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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Bishop Fleming strengthens its restructuring team as demand soars from firms hit by Covid-19 crisis

August 14, 2020
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Bishop Fleming strengthens its restructuring team as demand soars from firms hit by Covid-19 crisis

Regional accountancy firm Bishop Fleming, which has the largest of its seven offices in Bristol, is boosting its restructuring team to take account of the impact of the coronavirus pandemic on businesses.  Three members of the 11-strong team have become licensed insolvency practitioners – increasing to four the number...

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Extension for pioneering programme aiming to make Bristol’s leaders more diverse

August 14, 2020
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Extension for pioneering programme aiming to make Bristol’s leaders more diverse

A scheme aiming to make city leadership in Bristol more diverse by unlocking talent and helping people reach their potential is to be extended. Stepping Up, an innovative talent programme specifically for black and minority ethnic people, disabled people and women, was launched two-and-a-half years ago by Baroness McGregor-Smith,...

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Hard winter for businesses forecast as rents arrears and debts trigger big increase in insolvencies

August 14, 2020
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Hard winter for businesses forecast as rents arrears and debts trigger big increase in insolvencies

A steep rise in corporate insolvencies linked to the coronavirus pandemic is being predicted for this winter – and could start as early as October. New research from insolvency and restructuring trade body R3 indicates that lack of funds to pay their rent is likely to be the biggest...

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Bristol’s hospitality industry ‘will go to the wall’ without more Govt support, expert panel warns

August 7, 2020
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Bristol’s hospitality industry ‘will go to the wall’ without more Govt support, expert panel warns

The hospitality and leisure sectors across the West of England urgently need more targeted help from the government to avoid devastating closures and job losses, experts today warned. With the sectors employing 40,000 people and contributing £40m to Bristol’s economy, their survival is essential.  Yet many commercial landlords are failing...

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Gregg Latchams and Milsted Langdon kick off their ‘Bristol Bounce Back’ initiative

August 6, 2020
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covid

More than 100 business leaders took part in the first of a series of ‘Bristol Bounce Back’ events staged by city-headquartered law firm Gregg Latchams and regional chartered accountants Milsted Langdon. The inaugural interactive online event heard from industry experts on plans for recovery from the Covid-19 pandemic.  With...

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Bristol Business Blog: Tim Sloggett, Smith & Williamson restructuring partner. Act quickly to get ahead in the evolving Covid-19 landscape

August 5, 2020
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Bristol Business Blog: Tim Sloggett, Smith & Williamson restructuring partner. Act quickly to get ahead in the evolving Covid-19 landscape

Businesses will struggle to survive if they are not flexible enough to adapt to continual change in the Covid-19 landscape we are now living in. Those businesses that develop the right tools, flexible structures and forward plans will not only survive in the long term but will get ahead...

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Ground-breaking African fintech deal led by ICON Corporate Finance

August 5, 2020
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Ground-breaking African fintech deal led by ICON Corporate Finance

Bristol-based tech-focused investment bank ICON Corporate Finance has advised on a landmark fintech deal with the potential to accelerate the development of Africa’s pioneering ‘mobile money’ economy. ICON, which works with tech firms across the world, acted as lead advisor on the sale of Ugandan-based digital payments provider Beyonic...

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New enterprise support service targeting the south of the city opens for business

July 31, 2020
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New enterprise support service targeting the south of the city opens for business

South Bristol residents looking to start a business and existing companies looking to grow are to get expert advice from a new scheme launched this week. Bristol City Council is leading the partnership behind South Bristol Enterprise Support (SBES), which is offering access to expertise in a range of...

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