More hotel insolvencies are likely for the hotel sector, after a doubling of
the number of companies failing in the fourth quarter of 2008.
PricewaterhouseCoopers says 36 hotel companies entered an insolvency process
during the quarter, as tourism numbers have fallen sharply in the economic
Partner Stephen Broome says the hotel sector tends to be hit later in the
downturn cycle than retail, in part due to extended lead times for room
He says the recent casualties are ‘just the beginning,’ but that the industry
is more robust than in previous downturns, with better management for the most
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.