A public limited company (PLC) is an organisation that is owned by shareholders, and managed by directors. Members of the public can purchase stock, and most pay out dividends once or twice a year. A private limited company (Ltd) does not publically trade shares and is limited to a maximum of fifty shareholders. They are a private entity that owns all liabilities, profits and assets.

William Hill, one of the UK’s largest gambling companies, has been hit with a fine of £19.2 million, the biggest ever in the Gambling Commission’s history. The regulator found significant inconsistencies in their AML compliance procedures, amongst other issues. 

According to the Financial Times, UK companies are failing at the fastest rate since the financial crisis. 

Without credit, most businesses wouldn’t be able to function. But with that comes credit risk; there is a chance that goods or services could be offered and not paid for. Credit reference agencies help businesses avoid being associated with bad debt by providing a range of information, which can be used to make a decision about whether an organisation is credit-worthy or not. 

But what is a credit reference agency and why are they important?

Arcadia Group were a UK headquartered multinational retailer. They were the parent company for companies such as British Home Stores, Burton, Dorothy Perkins, Debenhams, Miss Selfridge, Topman and Topshop. Their Chairman was Sir Philip Green. As well as operating across several countries, the Acadia Group had 2500 outlets in the UK at their peak, employing some 13,000 people. Tracing its roots back to 1903, the Arcadia Group collapsed into administration in November 2020.

Jeremy Hunt has unveiled his much anticipated Spring Budget to much analysis and discussion throughout the country. After the political turmoil of 2022, the fact that Mr Hunt has survived to deliver a second financial statement is generally seen as a positive by the wider business community. This is not necessarily due to political ideology but rather due to business’s need for stability.