Credit conditions continued to tightened in the third quarter and are likely
to deteriorate further, according the latest
of England Credit Conditions Survey for the third quarter.
The survey found corporate credit availability had been tightened more than
expected over the past three months and further reduction in corporate credit
availability was likely in Q4.
Commenting on the survey, Hetal Mehta,
& Young ITEM Club senior economic advisor, said banks were still
unwilling to lend to each other and the amount of credit available for lending
to other companies and individuals was still falling.
‘With the on-going financial turmoil, the situation is likely to worsen in
the coming months – banks expect defaults on all lending to increase,’ he said.
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.