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.
Three new partners and seven business restructuring advisers have been appointed to the new Preston office
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
The Top 20 firm has recently advised J S Wright, the mechanical and electrical building services specialist
Promotions have been made in the private clients tax team and corporate business team