cmb@hawsons.co.uk If you’re like most manufacturing MDs we work with, you’re already spinning enough plates. One minute it’s a broken forklift, the next it’s a delivery that’s gone out late, a payroll query, or a last-minute request from the bank. So, when someone...
cmb@hawsons.co.uk For periods commencing on or after 1 January 2026, FRS 102, the accounting standard used by most unlisted companies in the UK, is being significantly updated. Early adoption is permitted, although we have seen very few examples of this. The two...
cmb@hawsons.co.uk Choosing what’s next isn’t always easy If you're in your final year at university, you're most likely juggling coursework, exams, deadlines, and a dozen decisions about your future. This can often feel overwhelming even before people start asking you...
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...
The UK manufacturing sector has overtaken France in the world rankings and now sits in eighth place according to official data published by Make UK. 2021 is the latest year for which global manufacturing output are available. This data shows that the UK’s...
Managing and investing charity funds is a delicate balancing act. Trustees have a responsibility to ensure that funds are invested in a manner that aligns with the charitable purpose of the organisation whilst maximising returns. On 1st August 2023, the Charity...
On 16th May, the IASB published guidance regarding the effects of climate related matters on financial statements prepared in accordance with the IFRS for SMEs financial statements. Full guidance can be found here. The guidance contains examples of areas where...