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Losses at UK’s Top 100 restaurant groups jumps 94% to £151m
Losses at the UK’ Top 100 restaurant groups increased 94% to £151m last year, growing from a loss of £78m the year before*, our research shows.
News & Events
Our technical specialists’ insight and expertise allows us to produce regular news stories and proactive advice on the latest local and national issues.
In this section of our website you will find all of the latest articles published by UHY Hacker Young and information on the key national press coverage that each piece received. Details of all events being hosted by any of our offices are also available on the events page.
Travel and tourism is the sector worst hit by coronavirus – revenues halve since last year
Turnover for the industry in March 2020 was just £1.2bn, down from £2.6bn last March.
Andrew Timms appointed as Managing Partner of UHY Nottingham office
Andrew Timms has been promoted to Managing Partner of the Nottingham office.
Petitions to wind up restaurants up by 165% last year- another surge expected once lockdown ends
Our research shows that the number of petitions to wind up restaurants over unpaid bills has jumped to 53 so far this year*, up 165% from 20 in the same period last year.
Many SMEs making errors on furlough scheme applications – risks unexpected HMRC bills later
Many SMEs are making errors on their applications for the Government’s furlough scheme, meaning they will have to repay thousands of pounds back to HMRC later.
Stall in number of UK breweries as craft beer boom slows down
The number of breweries in the UK has stalled for the second year in a row (dropping by one over the last year to 2,273), as growth in the craft beer sector slows.
Manchester corporate finance team provides financial due diligence to support Maven’s seven figure funding round in to Intilery.com
Our Manchester corporate finance team, led by Adnan Sajid, have provided Financial Due Diligence services to support Maven Capital Partners’ seven figure funding round in Chester-based Intilery.com Limited.
Clive Gawthorpe appointed to chair European branch of CIOT
Clive Gawthorpe has been appointed by the Chartered Institute of Taxation to chair their European branch.
Subarna Banerjee appointed as new Managing Partner
Subarna Banerjee has been announced as the new Managing Partner of our London and Nottingham firm.
HMRC should show more flexibility on controversial loan charge during Covid-19
Following HMRC’s refusal to stop chasing taxpayers caught by the controversial ‘loan charge’ during the Coronavirus lockdown, the tax authority should do more to reassure taxpayers that it will not penalise them.