The coronavirus pandemic has pushed up the number of profit warnings issued by South West listed businesses to a 20-year high, with those in the travel and leisure sector hardest hit. According to new figures from accountancy group EY, profit warnings soared by 73% year-on-year in the first half of 2020 to 26 – with 85%...
Government figures showing another monthly fall in corporate insolvencies are hiding the true picture of the damaging effect of the coronavirus pandemic on businesses, according to the South West branch of insolvency and restructuring trade body R3. Insolvency Service statistics for June show 732 company insolvencies in England and Wales, lower than May’s figure...
Bringing Capital Gain Tax (CGT) rates in line with those for Income Tax could hit buy-to-let landlords, portfolios, second homeowners and people with inheritances, according to an expert at regional law firm Royds Withy King, which has an office in Swindon, Earlier this week Chancellor Rishi Sunak announced a review of CGT, with many commentators...
Chancellor Rishi Sunak is making his economic statement in the Commons. He said the government would do “all we can” to help prevent job losses in the wake of the coronavirus pandemic. The main points were: Government will pay £1,000 to businesses for each furloughed employee they bring back and retain until January. Cut in...
Business confidence has bounced back stronger in the South West than any other part of the UK, according to a new survey – but many firms remain gloomy and one in 10 expects to stay closed due to the coronavirus pandemic. The monthly Business Barometer from Lloyds Bank Commercial Banking had shown a huge...
Swindon-headquartered law firm Thrings has appointed two senior associates - succession and tax expert Gavin Smith and commercial property specialist Natalie Day – to advise the firm’s fast-growing portfolio of land development and private wealth clients. Gavin, who joins Thrings’ Bath office, advises on all aspects of private client law, including succession and estate planning, tax,...
Regional law firm Royds Withy King, which has an office in Swindon, has teamed up with a company providing management toolkits for care providers to create a comprehensive care home registration pack. The pack, which will be free to download, includes all the necessary tools to successfully register a new CQC (Care Quality Commission) regulated...
An online service promising impartial financial advice for Swindon firms on funding options has been launched by Business West, the region’s largest business organisation. According to Business West, which runs the Swindon & Wiltshire Initiative, its Finance Hub will be free from confusing jargon or any hard sell, enabling businesses to decide what sort...
A surprise fall in the number of corporate insolvencies could herald the ‘calm before the storm’, the South West branch of insolvency and restructuring trade body R3 has warned. Figures published by the Insolvency Service show a 30% drop in companies going bust at the height of the coronavirus crisis in May compared to...
Business West, the region’s largest business organisation, has joined bodies representing business, education and employment in urging the government to rethink its controversial quarantine rules for travellers arriving in the UK. In an open letter to the home, foreign and transport secretaries, Business West, UK Hospitality, Universities UK and others argue that it was...
