Increasing employee and student numbers prompted the decision to move, while the financial shortfall has been fed by investment in a computer system called the IBIS project – an Integrated Business Information System.
In 1999, the institute reported a £509,000 surplus, while the number of students sitting CIMA exams in 2000 rose 20% on the previous year to 170,612.
The institute said the office move to Central London’s Pimlico district was necessary as it had outgrown its present accomodation at Portland Place. Plans to move are said to be ‘advanced’.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.