Late filings of accounts increased by 25% over the four years to March 2008.
British companies are finding it more and more difficult to file on time,
according to the figures obtained by
The trend has been especially marked in the past two years, in which late
filings increased by almost 10%.
A total of 238,699 British companies filed their accounts late last year.
Fabrice Desnos, chief executive of Euler Hermes UK, the credit insurer, said:
‘This increase is yet another indication of the worsening financial situation in
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February