Finance News – Companies House
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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...
Read Full Article →Group owned by Dragons’ Den star Touker Suleyman makes just £3,000 profit
The fashion company associated with Touker Suleyman reported a modest pre-tax gain of £3,000 in 2024, marking a financial turnaround following a substantial loss the previous year.
Read Full Article →Boots: Profit jumps after closing hundreds of stores
Boots experienced a substantial increase in earnings after reducing its number of retail locations by over 300, which contributed to improved financial performance despite halting...
Read Full Article →Interflora returns to profit despite sales slip
Despite a decline in revenue, Interflora’s UK division achieved a pre-tax gain of £1.9 million in 2024, marking a significant turnaround from the previous year’s loss of £2.3 milli...
Read Full Article →Yo! Sushi loses over £20m as costs rise
The recent financial statement indicates a significant deficit exceeding £20 million for Yo! Sushi during the period surrounding its acquisition, highlighting increased operational...
Read Full Article →US firm that tests eligibility for UK disability benefits reports 23% rise in profits
The UK division of a US-based company providing functional assessment services for government benefits experienced a significant increase in pre-tax earnings, reflecting improved f...
Read Full Article →Twinings: Profit jumps to almost £100m at tea brand
The London-based tea company experienced notable financial improvement over the past year, with pre-tax earnings rising to nearly £100 million due to strong expansion within the Un...
Read Full Article →Genting in the red after closing Britain’s oldest casino
Following the closure of a historic casino, Genting’s UK division reported a pre-tax loss of £6.2 million in 2024, a significant shift from the £8 million profit earned in the prev...
Read Full Article →Interactive Investor creates hundreds of jobs as trading booms
Interactive Investor significantly expanded its workforce by nearly 200 employees, contributing to a rise in pre-tax profits to £89.7 million in 2024, up from £84.2 million the pre...
Read Full Article →Trading 212: UK revenue spikes as profit passes £50m
The UK branch of Trading 212 experienced substantial growth in income, resulting in a notable increase in earnings that exceeded fifty million pounds during the most recent fiscal...
Read Full Article →Champagne Lanson sales fail to fizz as prices rise
Champagne Lanson experienced a significant decline in revenue and profit in 2024, reflecting reduced consumer spending on premium beverages during a challenging economic period in...
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