BDO still leads the beancounter charts with most clients on Aim July 29, 2019 BDO has extended its lead as the beancounter with the most clients on London’s alternative investment market (Aim), according to a new report from Adviser Rankings. Read more: Accountancy firm of the year Big four accountancy group PwC also nudged up into third place on the table by total constituent numbers, while RSM has moved [...]
Nearly a third of European firms still not GDPR compliant July 22, 2019 Almost a third of European businesses are still not compliant with the wide-ranging European Union laws on data protection and privacy introduced last year, according to accounting firm RSM. Read more: Data breach reports soar since GDPR as firms fear mammoth fines RSM said medium-sized businesses were “struggling to understand and implement” the General Data [...]
Number of cyber incidents reported by financial services firms explodes July 1, 2019 The number of cyber incidents financial services firms reported to the Financial Conduct Authority (FCA) rocketed in 2018, data published today reveals. Financial services firms reported 819 cyber incidents to the FCA in 2018, up from 69 in 2017, according to data obtained in a freedom of information request by accountancy firm RSM. Retail banks [...]
UK peer-to-peer finance company Lendy collapses amid investigation May 25, 2019 UK property finance firm Lendy has collapsed and administrators from RSM have been appointed following a court order on Friday afternoon. The lender is under investigation by financial regulators, and the Financial Conduct Authority (FCA) said the appointment was made "following action taken by the FCA". Read more: Treasury launches probe into FCA's review of London Capital & Finance "There is [...]
Retail and casual dining bounce back in March amid sunny spring weather April 15, 2019 Britain's pubs and restaurants cheered a recovery in trading last month, as warmer weather boosted the nation’s appetite for drinking and eating out. A bounceback from cold, snowy weather last year saw collective like-for-like sales in restaurants and pubs grow by nearly four per cent in March, new data released today by the Coffer Peach [...]
Miner Churchill faces administration after losing court battle with Indonesia March 31, 2019 A London-listed miner looks set to enter administration after it lost a battle with the Indonesian government. Churchill Mining has told a court that it intends to appoint administrators, with RSM ready to step in, the Sunday Times reported. Read more: London obvious choice for float says boss of Kazakh miner The firm had been [...]
Domestic M&A deal value reaches decade high in 2018 despite Brexit uncertainty March 5, 2019 Domestic merger and acquisition (M&A) value hit a ten-year high in 2018 despite Brexit uncertainty, according to the latest data. Acquisitions of UK companies by other UK firms rose from £18.8bn in 2017 to £26.5bn last year, the highest value since deals reached £36.5bn in 2008, research from the Office for National Statistics (ONS) found. [...]
The number of new tech startups in the UK grew 14 per cent last year February 24, 2019 The number of new tech companies launched in the UK rose 14 per cent in 2018. Data from Companies House shows there were 11,864 software development and programming businesses incorporated in 2018, up from 10,394 companies the year before. London had the highest number of tech startups with 4,752, a 14 per cent increase. Read [...]
Patisserie Valerie keeps shareholders in the dark on future as last ditch talks with banks continue January 21, 2019 Patisserie Valerie’s holding company has failed to shed further light on the future of the troubled bakery chain after announcing this morning talks were still ongoing with its creditors to save the company. The firm was expected to provide an update this morning, after speculation the last week of talks with its banks could spell [...]
Patisserie Valerie reveals balance sheet was significantly manipulated in ‘devastating’ fraud January 16, 2019 Patisserie Valerie posted a bombshell update to the market this afternoon, admitting that its balance sheet was “significantly” manipulated and thousands of false entries were made into the high street baker’s books before a shock £40m black hole was discovered last year. The troubled firm has appointed RSM as auditors and KPMG has been hired to [...]