In the first three months after the UK voted to leave the EU, the value of new construction orders dropped 18% on the previous quarter and were down 33% year-on-year. Tenders submitted fell even more dramatically; they were down 31% by number and 45% by value on the previous quarter and 62% by value year-on-year. Businesses trading in and with the
Corporate Rescue & Insolvency magazine has published our concerns about the impact of Brexit not just on the handling of future cross-border failures, but on the struggle to modernise insolvency regimes and create adequate professional and judicial capacity around the world. “Slowing the pace of global insolvency reform and restricting the development of sufficient professional and judicial capacity in markets desperately short
Our head of Disputes & Forensics, Liz Coleman recommends that IT contractors and other taxpayers take the opportunity of HMRC’s new Worldwide Disclosure Facility (WDF) to reveal any still secret offshore arrangements before the collection regime gets even more tough. Sadly, there are no incentives to do so, but the penalties are eye-wateringly draconian. Her blog appears on the Contractor
Our Business Risk Analyst, Nick Hood looks at the internal and external politics at play when companies are raising new money or restructuring their existing finances and the vital role that Corporate Treasurers need to play. “Ultimately, treasurers need to be the voice of reason about all financing issues, highlighting not just the mechanics and purely financial implications, but also
We are delighted to welcome Stephen as a Partner in the firm. He will be based at our Liverpool Office, where he will be using his considerable experience and local knowledge to expand our presence in the North West and beyond. Stephen said: “I’m very excited at joining the Opus team and having the opportunity as part of such a high quality
PrintWeek editor, Jo Francis reports on the demise of Manor Creative, which has ceased trading after a failed merger with the historic Hasting Printing. Opus is expected to be appointed as Administrators early next week. Our Business Risk Adviser, Nick Hood commented: “Unfortunately, the acquisition of HPC and relocation of that business to Eastbourne destabilised Manor and didn’t solve the
