Money Matters

Enterprise Finance funding puts bike firm on path to growth

December 10, 2013
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Enterprise Finance funding puts bike firm on path to growth

Mango Bikes, a fast-growing cycle retail business founded just over year ago by two university graduates, is gearing up for expansion after successfully gaining funding of nearly £100,000. The firm sells affordable bikes made from parts made in Taiwan which are shipped to its headquarters in South Cerney where they are assembled and painted...

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Old Mill accountant adds top Money Management award to his trophy haul

December 10, 2013
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Old Mill accountant adds top Money Management award to his trophy haul

Duncan Parkes, head of compliance at West accountants and financial planners Old Mill, has been named Protection Planner of the Year by the Financial Times’ Money Management magazine. Duncan had to go through a rigorous judging process to win the title, including providing a solution to a real-life financial problem set by industry experts....

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Autumn Statement: Swindon business reaction

December 5, 2013
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Autumn Statement: Swindon business reaction

Swindon-based chartered accountants Banks said last week's Autumn Statement had some good news for business, but the devil will be the in the detail. The firm’s head of tax, Paul Gosling, welcomed the 2% cap on business rates increases, the new occupancy rate relief and the rates discount for small businesses and retailers along...

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Autumn Statement: Property industry reaction

December 5, 2013
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Autumn Statement: Property industry reaction

The property industry expressed concern over plans to charge capital gains tax on foreign residential investors from April 2015, but has welcomed the Chancellor’s decision to at least consult on the proposals before their introduction. The British Property Federation (BPF) had warned the Treasury that the tax hike would raise little money and risked...

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Autumn Statement: Reaction to pension changes

December 5, 2013
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Autumn Statement: Reaction to pension changes

The Chancellor confirmed in his Autumn Statement that the State pension age will rise to 68 in the mid-2030s and 69 in the late 2040s. Mark Packham, head of pensions for accountants PwC in the West of England, said: “Linking the State pension age to life expectancy means we could easily see people having...

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Top accountancy award for Swindon firm d&t recognises its ‘no bull’ approach

December 3, 2013
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Top accountancy award for Swindon firm d&t recognises its ‘no bull’ approach

Swindon accountants Dennis & Turnbull (d&t) have been named as the Independent Firm of the Year in Wales and South West England. d&t received the accolade at The British Accountancy Awards held recently in London. The judging panel said: “There’s no bull from Dennis & Turnbull! They show a modern approach to work and...

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Monahans’ sports quiz scores £1,500 for charity

November 26, 2013
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Monahans’ sports quiz scores £1,500 for charity

Swindon accountancy firm and independent financial advisers Monahans' annual charity sports quiz has raised more than £1,500 for the British Heart Foundation. Now in its 22nd year, the quiz is a much-anticipated event, staged in the Legends Lounge at Swindon Town FC’s County Ground. A record 49 teams took part this year with a...

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Plea for Chancellor to ‘do nothing’ in his Autumn Statement

November 22, 2013
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Plea for Chancellor to ‘do nothing’ in his Autumn Statement

Banks, the Swindon-based chartered accountants, is urging Chancellor George Osborne to leave businesses alone in his forthcoming Autumn Statement. Director Richard Mathews said he fears Mr Osborne, pictured, may take the opportunity to slip through some unpopular measures in the statement on December 5 before the Government starts to gear itself up for the...

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Top recognition for Nationwide’s employment policies on race and gender equality

November 19, 2013
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Top recognition for Nationwide’s employment policies on race and gender equality

Swindon-based Nationwide Building Society has been ranked in the top 10 private sector organisations for gender and race equality for the second year in a row. Nationwide is the only financial services provider to have secured such a high-standing in both areas. The lists, which are unranked, are published by Opportunity Now and Race...

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Nationwide building strong profits on housing market recovery

November 15, 2013
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Nationwide building strong profits on housing market recovery

The housing market recovery and new product launches helped underlying profits soar by 155% to £332m at Nationwide, the Swindon-based building society. Pre-tax profits also climbed – to £270m from £103m – for the six months to September 30 while gross mortgage lending rose 37% to £14bn. It opened more than 214,000 new current...

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