Later this month KPMG is expected to announce the preferred bidder for £600m
contract to overhaul the Silverstone race track.
KPMG Corporate Finance has been appointed as the advisers for the British
Racing Drivers’ Club (BRDC), the owners of Silverstone, and will assess bids
from groups including British Land, Hilton Group and Helical Bar.
The Sunday Times reports that the BRDC is short listing consortiums
to develop and operate the Northamptonshire site on a 125-lease.
The news of redevelopment will come as good news for motor racing fans.
Silverstone has secured F1 racing until 2009, but F1 boss Bernie Ecclestone has
warned that the track will be pulled from the circuit unless facilities are
The overhaul is reported to include residential and leisure facilities as
well as a possible science and technology park development.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.