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Today’s news in brief – 30/10/2023

ReSolve has been appointed as joint administrators to Luxtripper Ltd, a luxury tour operator. Despite significant growth, Luxtripper faced challenging trading conditions and financial difficulties, leading to insolvency. An accelerated merger and acquisition process aimed at finding rescue funds or a buyer for the business and employees. Due to cash constraints, the best outcome has been an asset sale, resulting in 60 UK employees being made redundant. ReSolve will support these employees, while existing customers will receive support from the Civil Aviation Authority.

MHA, the UK member of Baker Tilly International, has promoted Beverley Scott to partner, strengthening its corporate tax services. With over 20 years of experience, Scott specializes in corporation tax, having worked with owner-managed businesses and large corporations across sectors like manufacturing, retail, and real estate. Her promotion enhances MHA’s corporate tax offerings, allowing them to better cater to evolving client needs, primarily focusing on the Midlands region.

Evelyn Partners has appointed Katrina Brown as a director of responsible investment. Brown brings over a decade of experience in responsible investment, climate change, and TCFD assessments. She will work with the team at Evelyn Partners to incorporate ESG factors into the investment process. This move aligns with the growing emphasis on responsible investing and ESG considerations in the financial sector.

The Economic Crime and Corporate Transparency Act has received Royal Assent, becoming law. Under this legislation, UK authorities will actively combat organized crime and fraudulent activities. Companies House will have enhanced capabilities to verify company directors’ identities, remove fraudulent entries from the company register, and collaborate with law enforcement agencies. It will also empower law enforcement to seize and recover crypto assets, close loopholes used by corrupt actors, and promote transparency and accountability, fostering a more secure and trustworthy business environment in the UK.

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