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Today’s news in brief – 1/3/2024

MHA Moore and Smalley has reinforced its Liverpool tax team with two key appointments. Andy Disley, joining as a senior manager, specialises in international tax matters, particularly for owner-managed businesses and larger corporates, bringing significant experience from City Football Group. Paul Clough, a tax consultant, brings a decade of rugby league experience and financial planning knowledge, focusing on advising both corporate and private clients across the North West. Their expertise enhances MHA Moore and Smalley’s tax advisory capabilities, catering to a broad clientele in Liverpool and the wider North West.

ReSolve’s joint administrators, Lee Manning and Simon Jagger, have successfully completed the sales of multiple businesses within the BE Offices Group, a flexible workspace provider. BE Offices, impacted by COVID-19, faced financial challenges, leading to sales out of administration to companies owned by the management team. While restructuring efforts in 2022 did not yield expected results, the recent sales secured the future of the BE Offices business, ensuring continued operations and preserving almost 200 jobs across the group.

Grant Thornton’s research has revealed that one in five councils in England faces financial failure within a year without additional income or spending cuts. Northern councils are twice as likely to be at risk compared to southern counterparts, with a 41% projected increase in councils at risk over the next five years. Economic factors, deprivation, and reserve levels contribute to the varying resilience of councils. While the south holds higher reserves, the north is more vulnerable, necessitating fundamental local government finance reforms, funding adjustments, and technology investments for sector-wide solutions.

Ballards LLP, a regional accounting and professional services firm, has marked a major milestone with the official opening of its Birmingham city centre office. Doubling its workforce to over 120 professionals and experiencing increased demand, Ballards expands its footprint to better serve clients in the Birmingham region, particularly in corporate finance. The new office signifies confidence in Birmingham’s role as a financial and professional hub. Mayor Andy Street comments on Ballards for its investment in the local economy, anticipating continued growth and success in the vibrant Birmingham business community.

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