Press Release Archive 2015

An archive of Mazars UK press releases from 2015.

Corporate Governance codes should avoid becoming a ‘tick- box’ exercise and encourage a longer term view of business performance

9 October 2015

A new report from Mazars, EcoDa and ECGCN highlights some of the issues arising from the diversity of corporate governance codes in the EU states. Launched at the European Commission in Brussels, ‘Corporate governance, compliance and monitoring systems across the EU’ reviews how the ‘comply or explain’ principle is being applied across the EU and the potential for the code to drive further improvements in corporate governance.

Increased coherence and transparency positive outcomes of OECD’s BEPS reforms says Mazars

Welcoming today’s publication by the OECD of its final reports under the BEPS project Tim Davies, UK head of tax at international accountancy firm Mazars, says:

“Today is a landmark day in the history of international taxation. Mazars’ global taxation and tax policy professionals are impressed by the progress that the OECD has made to date. We agree that it’s vital to arrive at a common set of rules that provide companies and investors with certainty and long-term stability, and that unilateral action by counties should be avoided."

Changes could lead to rise in percentage of underfunded retirees: Mazars Financial Planning responds to HM Treasury Consultation

Commenting on key aspects of Mazars Financial Planning’s response to HM Treasury’s consultation on pension tax relief changes, partner David Baker stressed his concern that constant changes to legislation are undermining confidence in pensions as a means of saving for retirement, and that more changes are likely to reduce engagement in pension planning even further.

Mazars advises on Hunters Property PLC IPO

2 July 2015

International accountancy firm Mazars has provided reporting accountant and advisory services to Hunters Property PLC, which today announced its IPO on AIM, the London Stock Exchange’s market for smaller growing companies. Mazars will continue to support the group following its appointment as auditor.

Mazars advises on sale of Ling Design to Swan Mill

25 June 2015

The Corporate Finance team from the Leeds office of international accountancy firm Mazars has supported the sale of Paddock Wood-based greeting cards business Ling Design to Kent-based paper tableware manufacturer Swan Mill. The decision to acquire Ling Design is part of Swan Mill’s strategy to expand the business into complimentary business areas.

Family businesses booming but 87% say family relationships strained

New research from Mazars’ international alliance, Praxity, shows family businesses in the UK are booming with 79% saying profits are either higher than last year (58%) or the same (21%). As well as this encouraging historical trend, 55% also expect the UK economy to continue to improve this year and anticipate that their businesses will grow as a result.

Mazars grows UK profits by 18.2%

16 March 2015

Mazars grew its UK profits by 18.2% in the year to 31 August 2014, it has been announced. The firm’s profit before tax increased to £26.2m compared to £22.2m in the previous year.