Hundreds of ex-Debenhams staff launch legal action over lack of redundancy consultation August 20, 2021 Hundreds of Debenhams workers are launching legal action after they claim they were not given adequate notice for redundancy. Up to 800 former employees of the department store are participating in two group actions to employment tribunals, led by Simpson Millar and SDM Legal. Former staff said Debenhams should have collectively consulted with employees for [...]
Analysis: Does Google’s ad clampdown leave Brits at risk of fraud? August 18, 2021 In what Google described as a “significant additional measure” to protect both its users and legitimate advertisers, and to prevent scammers exploiting its various platforms, the multinational tech giant recently announced its intention to clamp down on financial fraud by forcing all financial services advertisers to demonstrate that they are authorised by the Financial Conduct [...]
KPMG fined £13m over Silentnight sale misconduct August 5, 2021 The accounting firm has been fined and ordered to pay over £2.75m in costs, for serious misconduct in its role in the 2011 sale of bed retailer Silentnight to a private equity group. An independent tribunal found that KPMG and one of its partners did not comply with the UK professional accounting principles of objectivity [...]
AIM is ‘market of choice’ for large companies August 2, 2021 London’s junior market AIM is establishing itself as the exchange of choice for larger cap companies, according to new analysis published today. Accountancy group UHY Hacker Young said” “improvement in the overall quality of companies on AIM, partly achieved through more stringent quality control, is making AIM the stock market of choice for larger cap [...]
Exclusive: Does Google’s ad crackdown leave Brits at risk of fraud and mis-selling? July 30, 2021 In what Google described as a “significant additional measure” to protect both its users and legitimate advertisers, and to prevent scammers exploiting its various platforms, the multinational tech giant recently announced its intention to clamp down on financial fraud by forcing all financial services advertisers to demonstrate that they are authorised by the Financial Conduct [...]
KPMG may rebuild restructuring arm one year after selling it for over £350m July 29, 2021 KPMG is reportedly creating a new division to advise on corporate restructurings, less than a year after it sold its UK insolvency advisory business for over £350m. The big four auditor made the move as a result of new competition laws which made achieving profits from its non-auditing services harder, according to the report in [...]
Coronavirus and the impact on UK insolvencies July 29, 2021 We’ve spoken to insolvency expert, David McGinness, Insolvency Practitioner at French Duncan Restructuring & Debt Advisory, on how the coronavirus pandemic has impacted businesses across UK and what the future holds for them. David McGinness has more than 15 years experience in all types of personal and corporate insolvency. Through the course of his insolvency [...]
Cineworld faces legal challenge over alleged unpaid rent July 25, 2021 Cineworld is facing a £1m legal challenge over allegedly not paying rents for a Southampton site. Marina Developments, a developer based in Southampton, claims that Cineworld has not paid rents and other charges since last March. Cineworld was earlier ordered to pay rent to landlord AEW UK Core Property Fund after demanding a string of rental [...]
COVID-19 and the economic impact on UK businesses July 23, 2021 The COVID-19 pandemic has left a lot of business struggling, but how bad is the overall outlook for them? We’ve spoken to Michelle Elliot CA, partner at FRP based in Glasgow, about whether we can expect a tsunami of insolvencies or if UK businesses are coping better than expected. Michelle is a Chartered Accountant and [...]
Become your own bank: Crypto and self-sovereignty July 21, 2021 Financial experts with Zumo explain the concept of self-sovereignty and how to be your own bank.