Auditor MHA resigns from Sanjeev Gupta-owned engineering firm December 9, 2025 MHA has resigned as auditor for a subsidiary of the beleaguered metals group controlled by tycoon Sanjeev Gupta, City AM can reveal. The London-listed accounting firm has stepped down as auditor of Wolverhampton-based Clydesdale Engineering, an automotive and defence manufacturer owned by Gupta’s Liberty Steel Group, part of his GFG Alliance conglomerate. MHA declined to [...]
Law Society welcomes crypto’s new legal status December 8, 2025 The Law Society has welcomed the government’s new Property (Digital Assets etc) Act, which passed into law last week and places cryptos, NFTs and other digital tokens as personal property. This settles years of uncertainty over whether digital assets could be owned, inherited, or recovered in court – a grey area that has frustrated investors [...]
Rugby league club Salford Red Devils liquidated after 150 years December 3, 2025 Super League club Salford Red Devils have been liquidated, ending the club’s 152-year existence, amid debts of £4m. The club was wound up at a hearing at the Insolvency and Companies Court of the Royal Court of Justice in London on Wednesday morning after four adjournments at previous hearings. Salford Red Devils were taken over [...]
Legora CEO: Troubled Robin AI ‘had two parallel business models’ December 2, 2025 The boss of legal tech firm Legora says troubled Robin AI had ‘two parallel business models’. Last month, City AM revealed London-based legal firm Robin AI was put up for sale on an insolvency marketplace after fundraising ambitions fell short. In the same month, it was hit with a winding-up petition by HMRC. The legal [...]
Legora CEO: Law degree is not enough -‘AI knows the law’ – what do you bring? December 2, 2025 AI has turned the business world on its head and no more so than in the legal sector, where knowledge-intensive roles going toe-to-toe with knowledge-based tech is driving a significant shift in the industry. A lot of the attention has been on the implications of the surge in investment in AI for jobs, especially at [...]
Budget: Treasury focused on ‘closing tax gap’ with US-style whistleblower scheme November 26, 2025 Rachel Reeves revealed in her Budget that the government continues to focus on closing the tax gap, with new measures set to raise an additional £2bn in tax revenue by 2029-30. The Chancellor pledged that the government will target “fraudulent businesses” that don’t pay their tax by providing HMRC with new compliance powers. A large [...]
Autumn Budget ‘deeply concerning’ for squeezed hospitality industry November 26, 2025 The UK’s hospitality industry has been disappointed by the Autumn Budget, with no cuts to VAT and no changes to National Insurance. Even a cut to business rates has been described as “too little, too little” as well as something likely to get wiped out by an inflation-linked revaluation of rates next year. “This is [...]
Strix Group boss exits and dividend axed after share price plunges November 26, 2025 The boss of Strix Group, a key player in safety controls for appliances, has departed following a plummet in the firm’s share price as macroeconomic pressures weighed. Mark Bartlett will step down from his role at Strix after nearly two decades at the company, one of which was spent in the top job. Shares were [...]
Holly Willoughby’s company survives HMRC tax battle November 19, 2025 A media company run by TV presenter Holly Willoughby has survived the latest round of a tax battle with HMRC. Roxy Media was facing a winding-up petition in the Insolvency and Companies Court over a tax debt reported to total £377,000. The petition, a serious statement of intent by a creditor to shut down a [...]
Company directors now required to verify identity under new rules November 18, 2025 In one of the biggest changes at Companies House for years, its new ID powers kicked in today – forcing company directors to verify their identity or risk facing new enforcement powers. Starting from 18 November, anyone who becomes a company director or person with significant control will need to verify their identity via GOV.UK [...]