Listed companies

Time to adapt and stand out The optimistic outlook that emerged following the General election has long-since vanished. Nobody could have foreseen the shock effect a virus would have on business, borders and daily life – and the markets continue to struggle with the uncertainty about the length and severity of the disruption that COVID-19…

As we come to the end of the first accounting period for the new standard, Imogen Massey provides a quick guide for mining companies. The new lease accounting standard, IFRS 16, came into effect on 1 January 2019 and many companies will already have adopted it in their interim financial statements. The standard supersedes IAS…

The accounting treatment of a reverse acquisition by a listed company can be complicated. John Black outlines the key considerations for operating companies obtaining a listing this way. A reverse acquisition is said to have occurred when the entity that issues securities (the legal acquirer) is identified as the acquiree for accounting purposes. The entity…

Consumer attitudes to mining have changed. In difficult times, what do companies need to do to win back trust and remain successful? Adam Humphreys considers the options. The mining and metals sector is recovering from one of its most difficult periods in recent years. It has come under pressure from commodity price decreases and geopolitical…

Mining businesses will be affected by new rules for employment status workers hired via an intermediary. Chris Riley explains how to prepare for April 2020. Consultants who provide advice to a business are a feature of all sectors. But for many years governments and HMRC has been concerned that the use of consultants, often off-payroll,…

Economic challenges abound in the mining sector. But these are being made much worse by the actions of fraudsters that are going unchecked.  The international mining sector faces many financial pressures that affect its profitability. Many of these relate directly to mining expenditure – like rising energy prices, increased construction costs, geological difficulties or increasing…

The collapse of companies such as Carillion and Patisserie Valerie has triggered stronger scrutiny of the audit sector through a series of independent reviews.  These high-profile corporate crises have highlighted pre-existing concerns over audit quality and the need for robust reforms of the UK audit market. In response to these failures, and the increasing awareness…

IFRS 9, the standard which applies to periods beginning on or after 1 January 2018, affects not only large financial institutions but non-financial entities too. IFRS 15, which deals with how to report on revenue arising from customer contracts, focuses on timing and how to cope with variables. Nicholas Joel from our Business Services division…

As businesses seek out new markets and technology allows people to work in one country but live in another, cross-border mobility is growing. In the last 18 months HMRC has increased its focus on international business travellers. Louise Fryer explains. The traditional assignment framework is changing as international travel becomes more commonplace. Rather than sending…

It’s a mixed picture for the markets halfway through 2019: cautious resilience in spite of political uncertainty. AIM The first six months of 2019 have seen an increase in AIM market capital to £100.2million following a tough end to 2018. There were 15 new issuers during the period, with the financial, oil & gas and…