PracticeConsultingCIMA’s HQ move fuels deficit

CIMA's HQ move fuels deficit

CIMA today revealed it is 'likely' to be moving to new London headquarters in the Autumn - while revealing a £322,000 deficit in its annual review for 2000.

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’.

Links

CIMA expels convicted controller

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer