Commentary

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Failure to prevent fraud offence – putting the reasonable procedures theory into practice

After much consultation with industry professionals and other stakeholders, in late 2024 the Home Office released detailed guidance relating to the new corporate criminal offence of failure to prevent fraud (“FTPF”), which forms part of the Economic Crime and Corporate Transparency Act 2023 ("ECCTA"). The offence will come into force on 1 September 2025, setting the timescale for organisations to digest the guidance, assess their readiness and take action to ensure they are in a strong position.

Autumn Budget 2024 - The Future of Members’ Voluntary Liquidations

What the Autumn Budget means for solvent liquidations this year and beyond

Big changes to DRO qualification for consumers struggling with debt

The Chancellor’s Budget held few surprises, given that many of the main changes had already been briefed to the media beforehand. Added to that, there were no groundbreaking changes that could raise the heart rate of your everyday consumer.

What does 2024 hold for the future of the British high street?

The retail landscape is ever changing and 2024 looks to see no end to the challenges faced by the high street as retailers face the prospect of tempting customers into their stores at a time where consumer confidence is low and discretionary spending power squeezed.

‘Red’ diesel rebate to be scrapped for construction sector from April

With the construction industry already being tested by labour shortages and rising material costs, the upcoming abolishment of the red diesel rebate is yet another unwelcome challenge facing companies and contractors up and down the country.

What does Brexit mean for manufacturing in the Midlands?

The Brexit deal has provided welcome relief from uncertainty for many UK businesses, but for manufacturers in the Midlands it is a crucial boost to confidence. This is a major sector in the area and would have been badly affected by a ‘no deal’, so what d

Higher Education: Regaining Stability

The Higher Education (HE) sector is a vibrant and important part of the UK economy, developing skills and life chances for students and delivering world-leading research that drives innovation and change.

IR35 reforms delayed until April 2021 but MVLs still on the agenda

Life has changed dramatically in recent months, but for solvent companies considering a Members’ Voluntary Liquidation (MVL) the situation remains unchanged – for now.

Dental practices feel the financial bite

As businesses across the UK struggle in the face of the coronavirus lockdown, thousands of people have been calling for dental appointments

Football League clubs could face insolvency crisis say experts

The ban on football fixtures could cause an insolvency crisis which will hit Football League clubs hard, warn experts at Begbies Traynor.

The Christie contractor enters into administration

The construction firm appointed to develop The Christie hospital in Manchester has entered into administration with all the company's assets immediately moving to a new specially formed company.

John Lewis Reports First Half Profits Down 99%

The John Lewis Partnership has reported profits for the first half of this year down by 98.8 per cent as compared with the same period in 2017.

Government Opens Consultation on Overhaul of Corporate Insolvency Regulations

The government has announced the launch of a consultation on a wide range of issues relating to corporate governance frameworks and the responsibilities place upon directors in corporate insolvency scenarios.