Only one in 10 UK SMEs are planning to hire new staff amid the current cost of living crisis, with a steep decline of 20% in the number expecting to grow their businesses
Improving the quality of data on the company register, a crackdown on overseas property owners and investment in IT systems are the priorities for Companies House in the next 12 months
Edinburgh is planning to go ahead with measures to curb the number of short-term AirBnB style lets in the city, making landlords apply for planning permission
The number of company insolvencies has soared in the last year, with 5,629 companies going under, primarily entering creditors’ voluntary liquidations (CVL)
Begbies Traynor has advised on the first SME restructuring to use a ‘cram down’ of dissenting creditors in a turnaround which has saved more than 300 jobs
The Financial Reporting Council (FRC) is consulting on plans for new levies for audit firms, companies and professional bodies to cover the running costs of the new Audit, Reporting & Governance Authority (ARGA)
UK banks have made claims worth £352m from the government to cover losses on the Covid-19 loan repayment schemes, while thousands have defaulted on loans
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