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Image for smith williamson revenues 10 ahead tilney merger

Finance | Smith & Williamson revenues up 10% ahead of Tilney merger

Top 10 fund management and accounting group Smith & Williamson has reported a 10.3% hike in operating income for the first six months of the 2019/20 financial year, which also saw the firm announce a strategic merger with Tilney Group to create a £1.8bn business.

16 Dec 2019

Accounting Standards

Accountancy Firms

Image for pwc administrators failed gibraltar insurance firm

Business | PwC administrators to failed Gibraltar insurance firm

Edgar Lavarello and Dan Schwarzmann, partners from PwC, have been appointed as joint administrators of the Gibraltar-based Elite Insurance Company Ltd (EIC), which specialised in the legal expenses sector and has ceased operations

16 Dec 2019

Restructuring & Insolvency

Image for record losses championship wages score ps795m

Business | Record losses in Championship as wages score £795m

The EFL Championship had a year of records in the 2017-18 football season with record revenue, wage levels and operating losses, according to Deloitte report

13 Dec 2019

Image for lack succession planning catches out smes

Business | Lack of succession planning catches out SMEs

SME owners are at risk of losing control or having to raid cash reserves to support their business in the event of the death of a fellow owner

13 Dec 2019

Accountancy Firms

Leadership & Management

Image for begbies traynor revenue hits ps338m

Business | Begbies Traynor revenue hits £33.8m

Revenue at listed Begbies Traynor Group has grown substantially in the last 12 months to £33.8m in its half year results, as acquisitions and demand for insolvency services are up

12 Dec 2019

Accountancy Firms

Restructuring & Insolvency

Image for dains expands birmingham acquisition

Business | Dains expands with Birmingham acquisition

Midlands based Dains Accountants has acquired an accountancy practice in Birmingham in a move designed to strengthen its offer for business owners in the region

12 Dec 2019

Accountancy Firms

Image for brexit pushes builders wall

Business | Brexit pushes builders to the wall

The number of housebuilders going bust has reached a record high due to Brexit pressures and the fall in the pound

11 Dec 2019

Accountancy Firms

Image for late payment delays double year

Business | Late payment delays double in a year

UK businesses are waiting longer to get paid in 2019, with late payments doubling from 12 days in 2018 to 23 days currently, according to research from MarketFinance

9 Dec 2019

Image for ericsson pays 1bn over us corruption charges

Business | Ericsson pays $1bn over US corruption charges

Swedish telecoms giant Ericsson is to pay more than $1bn (£760m) to settle bribery charges brought by the Securities and Exchange Commission (SEC) and the US Department of Justice (DOJ), and is required to appoint an independent compliance monitor

9 Dec 2019

Called to Account

Image for clintons cards saved pre pack deal

Business | Clintons cards saved in pre-pack deal

Clintons, the greeting cards retailer, has been sold out of administration in a pre-pack deal to original owner Esquire Retail, safeguarding 2,500 jobs

5 Dec 2019

Accountancy Firms

Restructuring & Insolvency

Image for beis guidance impact brexit company law

Business | BEIS guidance on the impact of Brexit on company law

If and when the UK leaves the EU, there will be a number of significant changes to accounting rules and company law. Sophie Brookes, partner at Gateley plc, examines the latest BEIS guidance for accountants

5 Dec 2019

Accountancy Firms

Image for grant thornton wealth advisory business sold 1825

Business | Grant Thornton wealth advisory business sold to 1825

Standard Life Aberdeen’s advice firm, known as 1825, has completed its acquisition of Grant Thornton's £1.7bn wealth advisory business, which was first announced in July

4 Dec 2019

Image for ey snaps sap consulting business

Business | EY snaps up SAP consulting business

Big Four firm EY has expanded its consulting arm with the acquisition for an undisclosed sum of AgilityWorks, a technology consultancy business with offices in the UK, Portugal and India

3 Dec 2019

Accountancy Firms

AI & Technology

Image for wanted audit accounting technical writers croner i

Finance | Wanted: audit & accounting technical writers at Croner-i

Croner-i has an exciting opportunity for two audit & accounting technical writers to join a lively team based in our Blackfriars London office

29 Nov 2019

Financial Reporting

Accountancy Firms

Image for institutional investors criticise uks biggest companies over workers pay

Business | Institutional investors criticise UK’s biggest companies over workers’ pay

Some of the UK’s largest companies, including Royal Mail, JD Sports and Hargreaves Lansdown, have been told to improve workers’ pay rates in a letter signed by 21 asset managers, pension funds, stewardship service providers, and charitable investors

28 Nov 2019

Leadership & Management

Image for alstom uk subsidiary fined ps16m over corruption charges

Business | Alstom UK subsidiary fined £16m over corruption charges

Alstom Network UK Ltd is to pay a total of £16.4m over corruption charges relating to a contract to supply trams in Tunisia, comprising £15m in fines and £1.4m in costs, following an investigation by the Serious Fraud Office (SFO)

28 Nov 2019

Called to Account

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