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BDO LLP Business Restructuring partners, Graham Newton and Ryan Grant, were appointed Joint Administrators of Dave Whelan Sports Limited (‘DW Sports’) on 3 August 2020.
UK’s medium-sized companies have borrowed an average of £21 million in COVID-19 loansEvidence of resilience as nearly a third of medium-sized companies report either unaffected or increased revenues despite COVID-19, although costs loom largeDownload Rethinking the Economy Survey
Accountancy and business advisory firm BDO LLP has appointed Stuart Collins as finance partner, starting 4 July 2020.
UK businesses convert 2.6% of sales to free cash flow – was 3.3% pre-EU referendum COVID-19 has triggered additional stress on cash flowsLaw firms generate most cash – house builders & car dealerships struggle
Lockdown of the markets had a significant impact on M&A deal volumes in Q2 2020, which slumped 57% with just 250 deals, down from 582 in the last quarter. Trade deal volumes fell by 58% to 214 deals. Volumes in the Private Equity market dropped by 53% to 36 PE deals.
BDO strengthens regional presence with three partner appointments
Geraint Jones appointed as BDO’s Head of Real Estate
The Treasury this morning published a consultation paper proposing to expand the FCA’s regulation of cryptoasset investments. The expanded ‘regulatory perimeter’ would allow the FCA to penalise promoters who mislead retail investors about the risks of investment in cryptocurrencies.
Almost one third (30%) of European businesses have been forced to cut staff or wages to survive during the pandemic, with business finances set to be further stretched when government support winds down, according to a new survey from accountancy and business advisory firm BDO.