BusinessCompany NewsTUPE impact could be huge, says agency FD

TUPE impact could be huge, says agency FD

Charis Walsh, the finance director of annual report consultants Black Sun, has warned that the Transfer of Undertakings (TUPE) employment regulations are a major concern for all FDs

Revisions to TUPE, which came into effect in April, initially sparked fears
among accounting firms that they could lose large numbers of employees to rivals
if a client decided to switch service providers.

Walsh, however, said that the FDs of other businesses should also be
concerned about the impacts of the regulations, as they could find themselves
unwittingly losing or gaining large numbers of staff.

‘TUPE is a totally different ball game. At the moment it’s causing much
concern,’ Walsh said in an interview with Accountancy Age.

Walsh’s company produce annual reports and offer corporate communications
solutions to some of the leading companies in the FTSE 100.

This means that Black Sun is regularly pitching for work on projects that
other companies may be working on. Under TUPE this opens up the possibility of
having to take on large numbers of staff from another company.

‘We will have to see how this plays out, but it’s something we need to manage
at pitch stage,’ Walsh said.

To read the full interview with Charis Walsh click here

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

1m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

5m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

5m Alia Shoaib, Reporter
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

8m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

9m Emma Smith, Managing Editor
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

8m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

8m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

8m Emma Smith, Managing Editor