Number of new UK businesses continues to soar

More than 102,000 new businesses were set up in theUKlast year, according to the latest government figures. The total number of businesses now stands at a record level of 4.9million. Business Secretary Vince Cable said the figures “are a timely reminder of the number of people willing to try their hand at business”. The government

Divorcing husband cannot protect assets in his companies

The Supreme Court has delivered a landmark ruling that divorcing husbands cannot protect their assets by signing them over to companies – a practice described as a “cheat’s charter” by some lawyers. The case involved the high profile couple, Michael and Yasmin Prest. Last year the High Court ordered that Mrs Prest should receive £17.5m

New measures to ‘simplify and strengthen’ company reporting

The Government is introducing new measures which it says will both simplify and strengthen company reporting. The reforms mean that annual reports will include additional information on human rights issues, gender representation across the company and disclosures on greenhouse gas emissions. Ministers say the changes are designed to address concerns that reports from public listed

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