cmb@hawsons.co.uk The upcoming FRS 102 changes will affect how some UK businesses present their profit and loss account from 1 January 2027. It only impacts those companies that choose to present adapted formats for their profit and loss accounts, rather than the...
cmb@hawsons.co.uk It’s 7.45am. You’re walking the shop floor with a coffee in one hand and your phone already buzzing in the other. One supplier emailed to say their delivery is delayed. Again. Another wants payment up front. You’ve got staff clocking in, machines...
cmb@hawsons.co.uk Feeling the pressure? You’re not alone If your day starts with a supplier chasing payment and ends with you wondering how to protect your margins, you’re not the only one. Raw materials are getting more expensive. Labour costs are rising. Not to...
UK company size thresholds have increased with effect for periods commencing on or after 6 April 2025. This change was initially announced in 2024, and has now come into force after a delay caused by the change in government last year. The new thresholds have reduced...
New UK car sales exceed 1 million for first time since the pandemic Car sales statistics for new UK car sales exceed 1 million in the first half of 2024. The first time this has happened since the pandemic, providing optimism for the car market. Business and Fleet...
The manufacturing sector is at a crossroads. A very innovative industry with undertaking significant technical advancement but struggling with growth limiting skills shortages. This is a problem that needs to be addressed as the potential of the manufacturing industry...
UK manufacturers are looking forward to a good second half of 2024 as orders and output are expected to rise. Despite the challenges of a skills shortage, the sector is upbeat about its prospects. According to a recent Make UK survey, the trade body for manufacturing,...
Responding to recent import and supply chain challenges, on 17 January 2024 the UK government launched the Critical Imports and Supply Chain Strategy, an initiative aimed at improving the nation's ability to adapt to global disruptions in the face of adversity. ...
On 26th November, HMRC's Department for Business & Trade unveiled its much-anticipated Advanced Manufacturing Plan. This plan was released shortly after the chancellor announced £4.5 billion in funding for growth and innovation in the manufacturing sector. The...
Challenges for the manufacturing sector in 2024 As we start 2024, the manufacturing industry finds itself at a crossroads of various customer demands, technological advancements and sustainability imperatives. Whilst this may present opportunities, it will also leave...
The Financial Reporting Council (FRC) has decided to push back its timetable for drafting changes to FRS102 and other financial reporting standards. Originally, it was thought that the final amendments would be ready in the first half of 2024 and be effective for...
UK manufacturers are requesting that the Chancellor, Jeremy Hunt, announces an overhaul of the UK’s business tax and regulatory rules in the Autumn Statement to boost investment plans. The call from manufacturers to make these changes came from a survey that was...