Receivers appointed 14/12/2010
Any creditors should contact Howard Smith, KPMG LLP, 1 The Embankment, Neville Street, Leeds, LS1 4DW
This is in addition to the news last week that Sunday Solutions and Bradbury & Co were ordered into liquidation.
2011 has brought many changes to the Umbrella Industry, and many less compliant companies are struggling to meet the new requirements. It is likely that we will see more Umbrella companies going bust in the next few weeks.
The construction industry is said to be in complete disbelief after the Office for National Statistics said that business in this sector has contracted by 4.7% in the first quarter of 2011. This figure was later revised to 4% but this has in no way has alleviated any confusion concerning this matter.
n a bid to cut costs on ‘drawn out and costly’ tax procedure inspections HMRC have promised to treat honest traders with a light touch. On the flip side they plan to throw the book out firms suspected of multiple taxes.
During the first 3 months of the year UK unemployment fell by 36,000 according to the Office for National Statistics. After this fall the rate of unemployment now stands at 7.7% but among 16-20 year olds there are one in five young people now out of work. This roughly amounts to 935,000.