Over half a million UK businesses fighting for survival as UK economy stagnates
Business

Over half a million UK businesses fighting for survival as UK economy stagn...

4w Accountancy Age

Over half a million UK businesses fighting for sur...

The Construction, Food & Drug Retailers and General Retailer sectors in particular drove the increase in ‘significant’ financial distress, up 38.6%, 4...

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Number of retailers going insolvent 19% to breach 2000
Business

Number of retailers going insolvent 19% to breach 2000

2m Accountancy Age

Number of retailers going insolvent 19% to breach ...

Body Shop, Ted Baker, Farfetch, MatchesFashion and Wilko among latest retailer insolvencies. Number of businesses in trouble are the highest in five y...

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Government must make ‘concrete actions’ to support small businesses
Business Recovery

Government must make ‘concrete actions’ to support small businesses

9m Greg Noble

Government must make ‘concrete actions’ to support...

Insolvency statistics in the UK for the second quarter of 2023 were the highest since 2009 with 83% of them relating to small businesses Read More...

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Insolvency statistics for Q2 ‘highly concerning’
Business Recovery

Insolvency statistics for Q2 ‘highly concerning’

10m Greg Noble

Insolvency statistics for Q2 ‘highly concerning’

There were 6,342 recorded company insolvencies in Q2, reflecting a 9% increase compared to the number of insolvencies in Q1, and a 13% increase compar...

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Accountants’ economic confidence edges up for third consecutive quarter
Brexit & Economy

Accountants’ economic confidence edges up for third consecutive quarter

1y Sam Alberti

Accountants’ economic confidence edges up for thir...

The survey paints a “brightening” picture of the global economy, according to the ACCA Read More...

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Azets UK CEO: ‘degree of hysteria’ around SME health outlook
Business

Azets UK CEO: ‘degree of hysteria’ around SME health outlook

1y Sam Alberti

Azets UK CEO: ‘degree of hysteria’ around SME heal...

The pandemic may have “distorted” some economic data Read More...

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‘Financial hygiene’ and cost control key to surviving the recession, advisors say
Business Recovery

‘Financial hygiene’ and cost control key to surviving the recession, adviso...

1y Rob Griffin

‘Financial hygiene’ and cost control key to surviv...

Advisory firms must offer a “more supportive” and holistic approach to clients amid the economic downturn Read More...

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SMEs hit by post-pandemic support withdrawal must “go back to basics”
Business Recovery

SMEs hit by post-pandemic support withdrawal must “go back to basics”

3y Cath Everett

SMEs hit by post-pandemic support withdrawal must ...

Having a clear plan and clean data to help optimise the use of scarce resources will be key for businesses Read More...

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Furlough Countdown: Advising clients as Covid-19 restrictions end
Accounting Firms

Furlough Countdown: Advising clients as Covid-19 restrictions end

3y Silverfin | Sponsored

Furlough Countdown: Advising clients as Covid-19 r...

The Coronavirus Job Retention Scheme has supported millions of jobs amid the pandemic, but with the support measure set to end in September, how can a...

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EOTs “last resort” for businesses at risk of defaulting on bounce back loans
Business

EOTs “last resort” for businesses at risk of defaulting on bounce back loan...

3y Aoife Morgan

EOTs “last resort” for businesses at risk of defau...

Shift from BBL debt to equity could pose wider business implications Read More...

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New bill targets fraudulent company dissolution
Business Recovery

New bill targets fraudulent company dissolution

3y Jeremy Chan

New bill targets fraudulent company dissolution

Bounce Bank Loan Scheme fraud of particular interest Read More...

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Recovery commission urges collaborative approach to rebuilding UK economy
Business Recovery

Recovery commission urges collaborative approach to rebuilding UK economy

3y Alex Love

Recovery commission urges collaborative approach t...

The UK Government should seize “a historic opportunity for a reset” in the post-pandemic economy, according to a member of the Covid Recovery Commissi...

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FRC looks to extend rent concessions for retailers
Business

FRC looks to extend rent concessions for retailers

3y Valerie Hart

FRC looks to extend rent concessions for retailers

With many retailers still reeling from the impact of the lockdowns, the Financial Reporting Council (FRC) has proposed extending the application perio...

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Community enterprise: A post-pandemic opportunity?
Business

Community enterprise: A post-pandemic opportunity?

3y The Institute of Financial Acc...

Community enterprise: A post-pandemic opportunity?

Community ownership is an opportunity for accountants to support local communities in their post-pandemic recovery Read More...

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IMRG director: Online sales tax too narrow in focus
Budget

IMRG director: Online sales tax too narrow in focus

3y Aoife Morgan

IMRG director: Online sales tax too narrow in focu...

Omni-channel retailers disadvantaged the most Read More...

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Insolvency figures mask dire reality for UK business
Brexit & Economy

Insolvency figures mask dire reality for UK business

3y Tom Lemmon

Insolvency figures mask dire reality for UK busine...

Last year’s compressed corporate insolvency statistics conceal reality of the state of the UK economy Read More...

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Consultants expecting insolvencies in wake of chancellor’s Winter Economy Plan
Business

Consultants expecting insolvencies in wake of chancellor’s Winter Economy P...

4y Tom Lemmon

Consultants expecting insolvencies in wake of chan...

Second lockdown could “destroy” hospitality sector, according to consultant Read More...

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Deloitte partners face £19m insolvency lawsuit
Big Four

Deloitte partners face £19m insolvency lawsuit

4y Tom Lemmon

Deloitte partners face £19m insolvency lawsuit

Relationship between insolvency practitioners and banks under spotlight again Read More...

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HMRC’s crown preference scares away rescue finance lenders
Business Recovery

HMRC’s crown preference scares away rescue finance lenders

4y Jeremy Chan

HMRC’s crown preference scares away rescue finance...

Companies will have more trouble raising funds with floating charges as HMRC’s preferential status puts off lenders Read More...

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Corporate Insolvency and Governance Act 2020: A review
Business Recovery

Corporate Insolvency and Governance Act 2020: A review

4y Wayne Beck

Corporate Insolvency and Governance Act 2020: A re...

By Wayne Beck, associate, Faegre Drinker Read More...

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Live discussion: Supporting clients on the long road to recovery
Business

Live discussion: Supporting clients on the long road to recovery

4y Leanna Reeves

Live discussion: Supporting clients on the long ro...

As the pandemic continues to disrupt businesses and accountancy firms across the UK, Accountancy Age is hosting a live discussion with audit and accou...

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Would a three day split week work for accountants?
Business Recovery

Would a three day split week work for accountants?

4y IRIS | Sponsored

Would a three day split week work for accountants?

The restrictions on our personal lives and on businesses are beginning to gradually ease, but the coronavirus will likely have long-lasting effects, w...

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Talent and tech key to future-proofing firms
Business Recovery

Talent and tech key to future-proofing firms

4y Shannon Moyer

Talent and tech key to future-proofing firms

As accountants look to stabilise, industry members advise that agility is key to post-pandemic recovery Read More...

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Critical issues firms should address in their partnership or LLP agreement
Business

Critical issues firms should address in their partnership or LLP agreement

4y Zulon Begum and Wendy Chung

Critical issues firms should address in their part...

All firms should be reviewing their operations, workforce and finances, and implementing measures for business continuity and to ensure financial resi...

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Bank of England launches lending programmes as SMEs face cash flow strains
Business

Bank of England launches lending programmes as SMEs face cash flow strains

4y Leanna Reeves

Bank of England launches lending programmes as SME...

The Bank’s interest rate cut to 0.25 percent comes amid a list of incentives for SMEs Read More...

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Do retail CVAs give national retailers an unfair advantage?
Business Recovery

Do retail CVAs give national retailers an unfair advantage?

5y Chris Laughton

Do retail CVAs give national retailers an unfair a...

Chris Laughton, Corporate Advisory Partner, Mercer & Hole, argues that CVAs could be giving national retailers an unfair advantage over SMEs – but cou...

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ICAEW: Companies House data a “gaping hole in AML defences”
Audit

ICAEW: Companies House data a “gaping hole in AML defences”

5y Dave Beach

ICAEW: Companies House data a “gaping hole in AML ...

New research quantifies the extent of Companies House inaccuracy as the ICAEW urges the Treasury and BEIS to shore up defences Read More...

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