The long awaited and much feared revaluation of business premises for the calculation of business rates, last done in 2010 takes effect from 1st April 2017. It threatens to destroy thousands of small businesses in London and the South East as they see their rates bills soar by up to 300% over the next five years. The Federation of Small Businesses estimates that
The leading corporate financial health monitoring specialist, Company Watch has published its latest Newsletter. This showcases our joint research on two of the hottest topics in the business and lifestyle sectors. These are the worrying state of residential care home finances in the UK and the poor performance of the Administration procedure as a business rescue tool. Administration Outcomes In this
The leading care industry magazine, Care Management Matters has published an article by our Business Risk Advisor, Nick Hood which uses research carried out by Opus Business Services to illustrate the perilous state of the finances of the UK residential care sector. When the Chancellor closed his Autumn Statement on 23rd November without making any mention of financial help for
The Lexis PSL Practice Management series has published an interview with our Business Risk Adviser, Nick Hood which looks at the deeply worrying state of law firm finances in the UK following research carried out by Opus Restructuring in January 2017. Lexis PSL: What were the most surprising findings in your research? NH: The norm for the whole of the
Legal Futures reports on research carried out by Opus Restructuring using data from the financial health monitoring specialists, Company Watch, which shows that 34% of all solicitors’ practices in the UK are at risk of failing because of their financial fragility. Opus analysed the accounts of over 6,000 law firms and found that some 2,000 were in the Warning Area on
Earlier this week of the UK arm of law firm, King & Wood Mallesons collapsed into Administration despite concerted efforts to find a rescuer. Now Opus has carried out research for City AM using the database and analytics of the financial health monitoring specialists, Company Watch to assess the state of the UK legal market. The legal sector is currently
