MPs said the proportion of quarters that are currently vacant – 24% – was ‘disturbingly high’. Furthermore, the department’s target of a 10% margin to cope with moves was too high and was based on current management practices rather than what could be achieved.
And they were ‘not persuaded’ by the MoD’s claim that only £4m of the total spent on empty property was not cost effective. Nor were they convinced by the argument that a balance of £31m was an acceptable management margin.
They also expressed a concern that MoD funds, used to upgrade homes subsequently sold off, would result in a windfall profit for owners Annington Homes under a PFI arrangement.
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
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