Companies

Image for energy firm bulb enters special administration

Business | Energy firm Bulb enters special administration

Bulb has entered special administration affecting 1.7m customers, which is 6% of the energy market

22 Nov 2021

Restructuring & Insolvency

Image for business optimism high despite low cash reserves

Business | Business optimism high despite low cash reserves

A third of UK owner-managed businesses report lower cash reserves now than when going into the pandemic but a worrying percentage do not plan to pay back covid loans

22 Nov 2021

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Business | Two more energy firms collapse

Neon Reef and Social Energy Supply have gone into liquidation and are no longer trading bringing the total of collapsed companies to 21 since September

19 Nov 2021

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Business | Regulator will get powers to stop payment fraud scams

The government plans to introduce rules to allow the Payment Services Regulator (PSR) to make reimbursement mandatory if businesses are defrauded through authorised push payment fraud

19 Nov 2021

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Business | Ease tax rules for office Christmas parties

The government should relax the rules on Christmas parties and increase the amount which can be treated as tax-free says Blick Rothenberg

19 Nov 2021

Image for 60 world population use mobile wallet

Business | 60% of world population use mobile wallet

The number of mobile wallets in use is on track to reach 4.8bn by 2025, up from 2.8bn in 2020, with nearly 60% of the world’s population using digital payments, according to Capgemini’s 2022 Top Trends in Payments report

18 Nov 2021

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Business | Accountants to lead the financial transformation

The Association of Chartered Certified Accountants (ACCA) has published an action plan that details the ways that accountants can lead the way in financial transformation

18 Nov 2021

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Business | Businesses fight fraud with private prosecutions

Pursuing private prosecutions for high net worth clients can be a quicker way to resolve disputes, particularly when fraud is involved, argues Kate McMahon, partner at Edmonds Marshall McMahon

18 Nov 2021

Image for corporate insolvencies lower pre pandemic

Business | Corporate insolvencies lower than pre-pandemic

Corporate insolvencies remain stable in the month after Covid-19 support measures stopped with 1,405 corporate insolvencies which is 5% lower than pre-pandemic levels

17 Nov 2021

Restructuring & Insolvency

Image for small business finance applications hit six year low

Business | Small business finance applications hit six-year low

The volume of small business finance applications has hit a six-year low with just one in 10 SMEs having applied for loans over the past three months

17 Nov 2021

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Business | The end of UK insolvency restrictions

As the UK government’s temporary restrictions on statutory demands and winding up petitions are phased out, Paul Reeves and Joanne Wright, restructuring advisory at Kroll, recommend a triage approach to overcome the challenges ahead

15 Nov 2021

Restructuring & Insolvency

Image for deloitte should resign test and trace inquiry contract says labour

Business | Deloitte should resign from test and trace inquiry contract, says Labour

The Labour Party is calling for Big Four firm Deloitte to step down from its contract with the government to provide support on test and trace at the upcoming covid enquiry

12 Nov 2021

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Business | Pandemic aftershock preventing SMEs going green

Half of SMEs state that taking steps towards sustainability is not a main priority for business leaders as they continue to deal with the fallout from the Covid-19 pandemic

12 Nov 2021

Image for multigenerational wealth and tax considerations

Business | Multigenerational wealth and tax considerations

Charlotte Murtagh, head of private office at ZEDRA, provides tips to ensure wealth stays within the family and issues to consider around the business, taxes, profits as well as estate and inheritance fees to avoid unwelcome surprises

11 Nov 2021