Companies

Image for rate company insolvencies doubles 2021

Business | Rate of company insolvencies doubles since 2021

The number of company insolvencies in April has doubled compared with the same period last year

17 May 2022

Restructuring & Insolvency

Image for debt repayment plans under review

Business | Debt repayment plans under review

The government plans to shake up debt repayments to try to reduce the number of voluntary insolvencies

16 May 2022

Restructuring & Insolvency

Image for people news rsm pwc thomas westcott peninsula

Business | People in the news: RSM, PwC, Thomas Westcott, Peninsula

In this week’s accountancy career moves, partner promotions at Thomas Westcott, ESG hire at RSM, hires and promotions at PwC, RSM, Beever & Struthers and Brown Butler, and CFO for Peninsula

13 May 2022

Leadership & Management

Image for ps14m penalties issued living wage offences

Business | £14m penalties issued for living wage offences

HMRC has issued 580 penalties worth £14m in 2020-21 for national living wage and national minimum wage offences

13 May 2022

Image for ps12bn fund uk infrastructure bank

Business | £12bn fund for UK Infrastructure Bank

The government has introduced a Bill designed to finalise the set-up of the UK Infrastructure Bank to drive investment and tackle climate change

13 May 2022

Image for fca fines five pension advisers ps1m

Business | FCA fines five pension advisers £1m

The Financial Conduct Authority (FCA) has banned and fined five directors over £1m after they caused significant losses to pension customers

13 May 2022

Pensions

Image for energy price cap set rise again october

Business | Energy price cap set to rise again in October

The wholesale energy market remained ‘highly volatile’ and prices would rise again in October, warned Ofgem CEO Jonathan Brearley

12 May 2022

Business | ESG action not a priority for SMEs

Almost three quarters of SMEs are not reducing their carbon footprint as digitalisation, employee wellbeing, cost inflation, and recruitment take priority says Azets

11 May 2022

Business | More enforcement powers for Companies House

The government aims to strengthen the powers of Companies House and tackle abuse of limited partnerships in proposals for a second Economic Crime Bill

10 May 2022

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Business | Shake-up of procurement rules planned

The government plans to overhaul public sector procurement rules to open up the market to allow allow more SMEs to tender for projects

10 May 2022

Image for morrisons buys mccolls out insolvency

Business | Morrisons buys McColl’s out of insolvency

Morrisons has bought the convenience store chain McColl’s out of administration in a pre-pack deal

9 May 2022

Restructuring & Insolvency

Image for pension regulator run spot checks employers

Business | Pension regulator to run spot checks on employers

Employers suspected of failing to meet their workplace pensions duties are being targeted with spot check inspections

9 May 2022

Tax | Insecure work costs Treasury £10bn annually

The Treasury loses around £10bn every year due to insecure work and the proliferation of zero-hour contracts and low paid self employment, claims the TUC

9 May 2022

Business | Banks stalled on climate disclosures

The progress on climate-related disclosures in annual reports by some of the world's largest banks slowed down in 2021 with minimal coverage, according to analysis by KPMG

9 May 2022