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The Latest Breaking News from BDO

Fintech firm Revolut moves closer to UK banking licence after first annual profit

Company criticised for late filing of accounts made profit of £26.3m in year to December 2021

The Guardian - UK

Revolut: can the chancellor’s fintech favourite fix its image problem?

The UK’s would-be ‘Amazon of banking’ run by Nikolay Storonsky has raised alarm over delayed accounts, EU regulatory fines, its co-founder’s Russian ties and issues with staff

The Guardian - UK

Brexit ‘productivity penalty’ is £1,000 per household, says BoE official; Europe to avoid recession – as it happened

Jonathan Haskel says UK’s current productivity penalty is about 1.3% of GDP, due to business investment flattening out after 2016 referendum

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Future of £94m Manchester landmark in doubt as companies collapse into administration

The scheme has permission for a 19-storey and 13-storey tower with 366 apartments in total

Manchester Evening News

DeTrafford companies behind part of £94m development fall into administration

No work has taken place on site since permission was granted.

Birmingham Post

‘We owe our landlord £1m in rent – but they’ve left us with substandard homes’

Homeless charity’s fight over rent arrears adds to property funds’ woes, including rising interest rates and sceptical investors

The Guardian - UK

Fourth DeTrafford company collapses into administration

St George’s Gardens, City Gardens and Wavelength are already in administration

Birmingham Post

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Scottish businesses 'prioritise investment in digital efficiencies'

Research also reveals demands for more government support with recruitment and training

Insider UK

Self-assessment: tips for filing your UK tax return to avoid risk of a £100 fine

As HMRC’s deadline looms, here’s a guide to cutting your bill by taking advantage of the various reliefs

The Guardian - UK

New Barratt chairwoman plus jobs news at 200 Degrees, Furnley House, PKF Smith Cooper, BDO, DSA and more

Latest movers and shakers from the East Midlands include Caroline Silver joining UK’s biggest housebuilder

Birmingham Post

UK manufacturers fear blackouts and job losses after energy subsidy cut

Impact of reduced state support with company power bills could prompt job cuts, warns industry body

The Guardian - UK

December shopper footfall reaches highest level since start of pandemic

The figures capped off an otherwise ‘exceptionally difficult’ year for retailers and consumers.

The Independent UK

Gerwyn Price fights back to beat Luke Woodhouse as Steve Beaton crashes out

Gerwyn Price overcame a shaky start to beat Luke Woodhouse but the former BDO champion Steve Beaton lost to Danny van Trijp

The Guardian - UK

Scottish businesses concerned with energy costs and business rates

Latest survey finds renewed calls for for government to increase access to labour with policy intervention

Insider UK

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ABC News

Auditor for obscure Indian company at centre of WA energy crisis 'alarmed' at financial accounts

The auditor of an Indian-owned company at the centre of Western Australia's growing energy crisis says it's "unable" to verify the firm's accounts.

Birmingham Post

East Midlands people news from Tank PR, Leicestershire Law Society, LLEP, Browne Jacobson, BDO & Cooper Parry

Latest Movers and Shakers from across the region

Birmingham Post

Autumn Statement: What to expect from Jeremy Hunt on tax rises, NI and cuts

We take a look at the facts so far and ask finance experts on what is likely to be announced.

Manchester Evening News

How a firm with no employees built a massive Manchester apartment building and then went under owing £50m

St Georges Gardens Ltd was the company behind an 11-storey development with 138 flats

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news in one place.

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Birmingham Post

Firm behind DeTrafford's St George’s Gardens apartment scheme owed nearly £50m as it collapsed into administration

The wider DeTrafford Group is not impacted by the administration of St Georges Gardens Ltd

Liverpool Echo

Everton stance on club auditors explained after 'resignation' claim

Everton have had their accounts audited by BDO since the summer of 2020

The Guardian - UK

Everton auditor considers walking away, raising questions over club’s financing

BDO understood to have told club it won’t do work on its accounts, which sources say is related to Farhad Moshiri’s ownership

Birmingham Post

New city centre office for BDO

BDO has committed £10m nationally for technology and more than £8m to repurpose offices in the coming years

The Independent UK

Three-quarters of UK business struck by labour shortages – survey

More than two fifths of firms affected by labour shortages think the Government should loosen its immigration rules.

Insider UK

Businesses pessimistic about government support as output shrinks

Almost a third of small businesses in Scotland are considering closure due to cost-of-living pressures

The Independent UK

Businesses pessimistic about Government support as output shrinks

For half of small businesses, fuel and energy costs remain their biggest concern despite the Government’s energy relief package.

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