Money Matters

LEP funding for businesses spurs growth and job creation

May 29, 2014
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LEP funding for businesses spurs growth and job creation

Eleven firms have received grant funding worth a total of £348,000 from the Swindon and Wiltshire Local Enterprise Partnership (LEP) to spur their growth and boost employment. According to the LEP, the funding – the second round of its Gateway for Growth grant scheme – will inject £10m into the local economy and create...

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HSBC to stage second in series of business forums for Swindon’s small and growing firms

May 29, 2014
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HSBC to stage second in series of business forums for Swindon’s small and growing firms

The second in HSBC’s series of Swindon open networking forums takes place next month. The breakfast on Wednesday June 11 will once again be hosted on behalf of HSBC by Banks Chartered Accountants at the firm’s offices in Stratton. HSBC is staging the events away from its branches as a way of reaching out...

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Housing market recovery helps push profits up fourfold at Nationwide

May 28, 2014
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Housing market recovery helps push profits up fourfold at Nationwide

Annual profits at Swindon-based Nationwide Building Society have quadrupled on spiralling house prices. Pre-tax annual profits soared to £677m, compared with £168m a year earlier, while mortgage lending increased 31% to £28.1bn. Savers’ deposits rose by £4.9bn to £130.5bn. Chief executive Graham Beale said: “Our performance over the past year is in line with...

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Wiltshire nursery group secures finance package from HSBC to open eighth site

May 23, 2014
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Wiltshire nursery group secures finance package from HSBC to open eighth site

Nursery group Snapdragons, which started in a farmhouse near Melksham in 1998, is to open its eighth site after securing a £850,000 finance package with HSBC’s Wiltshire Commercial team. The new nursery, Snapdragons first in Bristol, will open in the summer in the converted Grade II listed Old Chapel in the Horfield. It will...

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Alliance Pharma ready to hit acquisition trail again with £20m fund, shareholders are told

May 21, 2014
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Alliance Pharma ready to hit acquisition trail again with £20m fund, shareholders are told

Chippenham-based specialised pharmaceutical firm Alliance Pharma today told shareholders it is continuing to look for acquisition targets on which to spend some of its £20m-plus war chest. The firm, which buys underperforming drugs brands and realises their potential through investment, has an acquisition bank facility of more than £20m. In January it acquired thyroid...

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West food and drink firms become takeover targets for foreign buyers, report shows

May 21, 2014
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West food and drink firms become takeover targets for foreign buyers, report shows

Overseas businesses are looking to snap up West food and drink firms as the sector enjoys a rapid recovery, new research shows. According to data released by business and financial advisory firm Grant Thornton, the number of deals involving food and drink businesses shot up by a third in the first quarter of this...

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Barclays helps café/bar couple bring taste of Spain to Chippenham

May 21, 2014
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Barclays helps café/bar couple bring taste of Spain to Chippenham

Husband and wife team Matt Lewis and Federica Marconi have opened a Spanish-style tapas bar in Chippenham with support from Barclays. Los Amigos, which boasts a Spanish themed menu, décor and ambience, is an expansion of the couple’s popular coffee shop in the town’s Market Place. By taking over a former shop unit next...

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Accountants leader launches plea at West annual dinner urging Govt to do more to help SMEs

May 20, 2014
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Accountants leader launches plea at West annual dinner urging Govt to do more to help SMEs

The incoming president of the UK’s leading accountancy body has told the West business community that more needs to be done to support small and medium-sized firms. Speaking at the Institute of Chartered Accountants in England & Wales’ (ICAEW) annual regional dinner last week, Arthur Bailey said the organisation will step up its support...

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Sir Ranulph Fiennes to explore challenges for West accountants at their annual dinner

May 14, 2014
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Sir Ranulph Fiennes to explore challenges for West accountants at their annual dinner

Accountants from the Swindon area will hear from explorer, fundraiser and author Sir Ranulph Fiennes tomorrow when they join colleagues from across the West of England for their profession’s annual dinner. Sir Ranulph, pictured, is guest speaker at The Institute of Chartered Accountants in England and Wales’ (ICEAW) West of England dinner, which takes...

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Accountants to merge with aim of becoming Swindon’s top practice

May 13, 2014
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Accountants to merge with aim of becoming Swindon’s top practice

Swindon accountants Banks and BHG are merging to form a larger practice with the aim of being the number one accountancy firm for the area. The merged firm – to be called Banks BHG Chartered Accountants – will have three directors, 30 staff and a turnover of more than £2m. It will be based...

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