Finance News – Companies House
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Corinthia London: Profit slashed at five-star hotel despite revenue spike
Despite an 80 percent increase in revenue, Corinthia London’s pre-tax earnings for 2024 have significantly declined, reflecting challenges in managing costs or other financial fact...
Read Full Article →Slater and Gordon sheds 150 jobs as it returns to profit
Despite reducing its workforce by 150 employees, the Manchester-based law firm reported a pre-tax profit of £5.9 million for 2024, reversing a previous loss from the prior financia...
Read Full Article →Canon: UK losses almost triple after expectations fall short
Canon’s UK branch recorded a substantially larger pre-tax loss in 2024 compared to the previous year, indicating a significant decline in financial performance against initial proj...
Read Full Article →Northern: Cancellations rise as train company’s profit grows
Despite an increase in service disruptions, the publicly owned rail operator experienced higher earnings over the most recent fiscal period ending March 2025, according to official...
Read Full Article →Wasabi: Sushi restaurant chain sheds jobs as profit slashed
Wasabi experienced a notable reduction in earnings alongside a workforce decrease of over 100 employees, reflecting challenges faced by the London-based sushi chain during its rece...
Read Full Article →HP: Hewlett-Packard’s UK profit quadruples despite sales slump
Hewlett-Packard’s UK division reported a significant increase in pre-tax earnings, reaching £97.6 million in the latest fiscal year, despite experiencing a substantial decline in r...
Read Full Article →Tourists help boost luxury London hotels despite widening losses
Despite record sales driven by international visitors, a high-end London hotel group experienced increased pre-tax losses of £30.4 million in the financial year ending January 2025...
Read Full Article →Sir Richard Branson-backed Gridserve cuts jobs as it loses over £80m
Gridserve, a company supported by investors linked to Sir Richard Branson, reduced its workforce following a significant pre-tax deficit exceeding £80 million reported for the 2024...
Read Full Article →Brit Awards in the red ahead of Manchester move
Brit Awards Limited has experienced a pre-tax loss of £12,653 for 2024, reflecting financial challenges as the organization prepares to relocate the annual ceremony from London to...
Read Full Article →Maker of Gary Neville’s The Overlap surges into profit
Buzz 16 Productions has achieved a pre-tax profit of £743,306 for the year ending June 30, 2024, marking a significant financial improvement driven by increased valuation of its pr...
Read Full Article →Companies House crackdown: 11,500 firms struck off
The recent removal of thousands of UK businesses from official records reflects intensified efforts to combat economic offenses, potentially impacting market transparency and resha...
Read Full Article →Exclusive: 1 in 5 firms shift addresses ahead of Companies House reforms
A significant portion of UK businesses altered their registered locations and legal structures from early 2022 to early 2025, reflecting strategic adjustments in anticipation of up...
Read Full Article →Lloyds Bank-owned firm slumps into the red after huge profits
The company experienced a notable financial downturn in 2024, reporting a pre-tax loss of £10.6 million following previous years of significant earnings exceeding half a billion po...
Read Full Article →UK firms unprepared for Companies House crackdown
Many UK businesses face potential financial risks as the majority of managers lack readiness for upcoming regulatory adjustments mandated by recent legislation affecting corporate...
Read Full Article →BA Cityflyer: Profit almost doubles at London City Airport carrier
BA Cityflyer, a subsidiary of British Airways, reported a significant increase in pre-tax earnings to £20.3 million in 2024, despite a reduction in passenger traffic at London City...
Read Full Article →Norton Motorcycles: Losses pass £100m after rescue as global expansion eyed
Norton Motorcycles has experienced substantial financial setbacks exceeding £100 million following its acquisition, influencing its strategic planning as the company looks to broad...
Read Full Article →Hovis: Losses widen amid Kingsmill merger talks
Hovis experienced an increase in pre-tax losses to £4.7 million for the year ending September 2024, coinciding with discussions regarding a potential combination with Kingsmill’s p...
Read Full Article →Apple: UK tax bill surges as profit passes £1bn
Apple’s recent financial disclosures reveal a substantial increase in its UK corporation tax contributions, reflecting a noteworthy rise in profitability exceeding one billion poun...
Read Full Article →Relief for startups as government U-turns on onerous Companies House rules
The government’s reversal on proposed Companies House regulations is expected to ease financial reporting burdens for small businesses, potentially reducing compliance costs and ad...
Read Full Article →New Companies House filing rules risk ‘own goal’ for UK start-ups and SMEs
From April 2027, updated regulatory requirements will require many UK start-ups and SMEs to provide comprehensive financial disclosures, potentially affecting their ability to attr...
Read Full Article →Village Hotels in the red after takeover by Blackstone
In 2024, Village Hotels reported a pre-tax loss of £23.5 million, largely attributed to unusual expenses incurred following its acquisition by an American investment firm.
Read Full Article →Clarks cuts over 1,200 jobs as sales fall by almost £100m
Clarks experienced a significant decrease in revenue and workforce size in the latest financial year, reflecting ongoing challenges in maintaining its previous sales levels and ope...
Read Full Article →The Ivy: Jobs continue to be cut as Richard Caring nears £1bn sale
The ongoing reduction in workforce at the company linked to The Ivy, alongside decreasing profits despite increased sales, highlights financial challenges ahead of a major ownershi...
Read Full Article →Hallmark: Greeting cards giant halves headcount in two years
The UK division of Hallmark significantly reduced its workforce over two years to improve financial performance and move towards profitability, as indicated by recent official comp...
Read Full Article →Bella Italia owner slashes losses after shedding 700 jobs
The company behind several restaurant chains reduced its workforce significantly, resulting in a notable decrease in financial deficits reported in the most recent fiscal period.
Read Full Article →Record profit for Harry Potter and the Cursed Child theatre owner
Nimax Theatres reported a pre-tax profit of £10 million for the year ending September 2024, marking a significant financial milestone for the company managing the West End producti...
Read Full Article →Sales spike at Elon Musk’s Starlink as profit almost doubles
Starlink's recent financial reports indicate a substantial increase in revenue and nearly doubled pre-tax earnings, reflecting improved business performance in the UK market during...
Read Full Article →Mounjaro and Wegovy demand helps Chemist4U sales double
The growing popularity of weight management injections contributed to a nearly twofold increase in revenue for the company operating Chemist4U, reaching a turnover of £59.5 million...
Read Full Article →Refy: Sales spike at influencer Jess Hunt’s beauty brand
Refy, the beauty company established by Jess Hunt and Jenna Meek, reported a notable increase in revenue and earnings, reaching a turnover of £40.3 million for the fiscal year endi...
Read Full Article →David Lloyd: Padel and pickleball help chain make first profit in over a decade
The increasing engagement in padel and pickleball contributed to David Lloyd's financial turnaround, resulting in a £32.2 million pre-tax profit, marking the company's first positi...
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