March 2024 economic and business overview
What next for the UK economy now we’re in a recession? Economists need ponder no longer, the Office for National Statistics (ONS) finally confirmed that Q4 2023 saw
Insights
Major labour force issues for the construction industry
The construction industry had a total labour force of 2.15m in Q2 2023, equivalent to some 7% of the total UK labour force. This compares with the pre-pandemic
Scottish insolvency stats – There may be trouble ahead
The Insolvency Service reported recently that 88 company insolvencies were recorded in Scotland in January 2024, which is 19% lower than the number in the previous January. This
Construction company balance sheets and business models
Just as you can’t judge a book by its cover or guess a packaged gift from its shape, assessing the commercial risk of trading with a construction company
P2P lenders’ wind-down plans are in the FCA cross hairs: what should firms be mindful of?
On 25 May 2021, the Financial Conduct Authority (“FCA”) wrote to all of the UK’s authorised loan-based peer-to-peer (“P2P”) crowding platforms, to express its concern about areas of
Housebuilders – Profit margins, finances and interest rates
The housing market is a key part of the UK national psyche. The inexorable rise in house prices has enriched baby boomers, but now unaffordable prices exacerbated by