Taxpayer-backed gaming studio collapses into administration July 8, 2025 A company backed by the UK government’s British Business Bank and has worked with some of the world’s largest gaming companies has collapsed into administration. Airship Interactive provides artwork for the likes of Disney, Microsoft and Blizzard and has contributed to titles such as Spider-Man, FC24 and Star Wars: Jedi Fallen Order. The British Business [...]
Apple: UK tax bill surges as profit passes £1bn July 7, 2025 The amount Apple paid into the Treasury’s coffers surged to more than £300m for its latest financial year as its profit jumped to over £1bn. The US giant paid £303.7m in UK corporation tax in the 12 months to 28 September, 2024, according to new accounts filed with Companies House. The figure is up significantly [...]
Bensons for Beds: ‘It would have been easy for staff to lose heart’ July 3, 2025 Bensons for Beds has admitted it “would have been easy” for its employees to “lose heart” during its latest financial year which saw the chain battle a worsening retail environment. The Lancashire-headquartered business paid tribute to its more than 1,800 members of staff for what it called a “strong set of results”. Those results, for [...]
Relief for startups as government U-turns on onerous Companies House rules July 3, 2025 Small businesses are breathing a sigh of relief after it emerged the government is set to U-turn on the introduction of new onerous Companies House rules. The new rules, which were due to come into effect in April 2027, would have required small and micro companies to disclose their profit and loss statements for the [...]
Political Currency podcast maker Persephonica triples in value July 1, 2025 Persephonica, the podcast producer behind shows such as Political Currency with George Osborne and Ed Balls, more than tripled in value during its latest financial year, it has been revealed. The business, which was founded by former BBC producer Dino Soros, saw its net assets surge from £25,516 to £78,995 in the year to 30 [...]
BBC-owned Inside the Factory maker rakes in millions July 1, 2025 Turnover has spiked at the production company behind the likes of Inside the Factory which was taken over by the BBC in 2022, it has been revealed. Voltage TV has posted a turnover of £14.2m for the 12 months to 31 March, 2025, up from the £8.9m it achieved in its prior financial year. New [...]
Eon: UK sales suffer £800m slump as prices fall July 1, 2025 Turnover at the UK arm of energy giant Eon has slumped by more than £800m thanks to a fall in wholesale commodity prices, it has been revealed. The Coventry-headquartered division of the German group, has reported a turnover of £2.5bn for 2024, down from the £3.3bn it achieved in 2023. But despite the fall in [...]
Arnold Clark counts the cost of Rachel Reeves’ tax hikes July 1, 2025 Car dealership giant Arnold Clark has revealed the tax hikes announced by Rachel Reeves in her first Budget as Chancellor will cost it an extra £30m a year. The Glasgow-headquartered group said the increase in employer’s National Insurance contributions and the rise in the National Minimum Wage will mainly be responsible for the rise. Arnold [...]
Sweet success for Haribo as sales hit new record July 1, 2025 The UK arm of sweets brand Haribo has achieved record sales for a third year running as its profit also jumped. The West Yorkshire-based division has reported a turnover of £291.5m for 2024, up from the £270.7m it achieved in 2023. The company’s UK sales increased in the year from £258.6m to £278.2m while its [...]
New Companies House filing rules risk ‘own goal’ for UK start-ups and SMEs June 30, 2025 Thousands of UK small and medium sized enterprises (SMEs) are bracing for sweeping changes to Companies House rules that will force them to disclose detailed profit and loss (P&L) statements from April 2027 – a shift that founders and investors say could hurt competitiveness, innovation and growth. “This is just making it harder than it [...]