Tortilla Mexican Grill admits multi-million accounting blunder Markets Shares in Tortilla Mexican Grill tumbled in early trade on Tuesday after the firm admitted to a multi-million pound accounting blunder. The AIM-listed business said it identified £2.5m of spending in its French arm which was “not expensed through the profit and loss account,” meaning it previously overstated its profits for 2025 and in doing [...]
Barclays mortgage subsidiary makes £5bn balance sheet whoopsie Banking Don’t you just hate it when you mix up millions with billions? No one is immune from such mistakes. Including, as it turns out, one of Britain’s biggest banks. A subsidiary of Barclays, the Kensington Mortgage Company, last week published its accounts. While revenue was up slightly to £83.4m, pre-tax profit fell by 90 per [...]
WH Smith shares tumble after retailer admits accounting blunder Retail Shares in WH Smith tumbled on Thursday after the newsagent and travel retailer admitted to an accounting blunder that has wiped tens of millions of pounds from its profits. The FTSE 250 firm said a “financial review” identified an overstatement of around £30m of expected headline trading profit in its North America division that was [...]
Vibe shift: Gen-Z accountants ditch partnership ambitions for start-ups June 25, 2025 Accountant students aspire to start their own business, marking a generational shift away from the traditional route
Is this a sweet trade deal with the EU – or does it sound a bit fishy? May 19, 2025 Keir Starmer will be boasting about his latest catch in international diplomacy: a trade deal with the European Union, which the government hopes will boost the chances of landing higher growth. In an agreement that hands EU boats continued rights in British seas until 2038, slashing red tape on food checks and increasing cooperation on [...]
BDO becomes £1bn giant as partner profit recovers November 25, 2024 Revenue at BDO, the accountancy and business advisory giant, has surpassed £1bn for the first time in its 100-year history, it has been confirmed. The London-headquartered firm, which has offices across the country, said its “continuedprogramme of investment” helped revenue rise by 8.6 per cent to £1.02bn in the year to 5 July, 2024. The [...]
Ex-BDO senior manager handed 20-year ban for falsifying documents November 14, 2024 The audit watchdog has banned a former senior manager of accountancy giant BDO for 20 years after she was found to have been creating false documents
All hail the regulator going for growth November 12, 2024 At last month’s Investment Summit in the City, Keir Starmer set out an admirably clear view of how he wants this country’s regulatory bodies to work, telling delegates: “we will make sure that every regulator in this country, especially our economic and competition regulators, takes growth as seriously as this room does.” There’s been no [...]
How the accounting watchdog is looking to unleash the City November 11, 2024 As Richard Moriarty gripped the sides of a podium and spoke freely from a sheet of bullet points at the London Stock Exchange in September, a warmth was stirring among certain City executives in the room. The tie-less career regulator, boss of the audit watchdog, the Financial Reporting Council, laid out his plans to shake [...]
Calls for audit reform grow after ISG found to owe £1bn November 3, 2024 Construction giant ISG collapsed with debts over a billion pounds, newly published filings have shown, prompting fresh calls for audit reform. ISG, which specialised in delivering government contracts projects like London’s velodrome, went bust in September after attempts to secure a rescue deal failed. The demise of ISG was the largest and most significant collapse [...]