Insolvencies rise by 39%

The latest figures released by the Insolvency Service showed 2,114 company insolvencies were filed in March, a 599 increase on February. It was reported that 1,844 creditors' voluntary insolvencies took place, which totalled a 109% rise compared to the same time last...

Umbrella company workers see “no benefit”

Research by the Association of Independent Professionals and the Self-Employed (IPSE) has found that 61% of self-employed workers operating through an umbrella company believe there are no benefits to doing so. The number of umbrella companies has grown since the...

Companies House reform impacts SMEs

The Government has announced that there will be reforms made to Companies House to help its "priorities in national security, anti-corruption, tackling fraud and boosting enterprise". The reforms will give Companies House the power to challenge and remove information...

FRC: ‘29% of audits need improving’

Almost a third of audits require improvement or significant improvement, according to a new report published by the Financial Reporting Council (FRC). In its audit quality review (AQR), the auditor and accountant regulator found that 29% of audits reviewed needed...