A new West Wales payroll business is looking to expand its operations with the help of a Tata Steel subsidiary.

UKSE has provided a £7,500 Regeneration Loan to Augustus Payroll Services to assist in the acquisition of a similar firm in Bristol as part of Augustus Payroll Services' growth strategy.

Kay Augustus, the founder of the company, set up the company in Ammanford and plans to employ six staff and achieve a turnover of £500,000 within three years.

The Bristol firm acquisition represents a major step forward, adding approximately 85 new clients across various sectors, not only in Bristol but extending to the southern UK.

Kay said: "We now have a diverse and wide-ranging customer base on which we can build and we are excited to be working with these clients and helping them make their payrolls more efficient and cost effective.

"People tend to see it as an administrative burden, simply a task to be done.

"There’s much more to it than this and spending time getting things right is well worth it.

“Penalties for getting things wrong can be high.

"These can be up to 100% of the potential lost revenue to HMRC in some circumstances.

"Also, failing to pay the National Minimum Wage can lead to fines of £20,000 per underpaid worker and persistent offenders can be banned from being a Company Director for up to 15 years."

Howard Thompson, regional executive of UKSE, said: “We are delighted to support Augustus Payroll Services.

“The firm is planning to create local jobs which will boost the economy.

“As well as this it will provide an important service to local companies and clients farther afield helping them get their payroll systems correct and make them more efficient.”