Capital Gains Tax

Mar- 2025 -

26 March

Chancellor resists calls for business relief in Spring Statement

Chancellor Rachel Reeves has resisted calls from businesses for relief ahead of the upcoming tax changes this April, as part of her Spring Statement today (26 March). UK businesses had been hopeful the chancellor would raise the relief rate for retail, hospitality, and leisure after cutting it to 40% in…

Oct- 2024 -

30 October

News

Budget: Increases to employers’ NI and minimum wage

The Chancellor Rachel Reeves has increased Employers’ National Insurance contributions in a bid to help raise as much as £40bn in taxes, pledging to also boost long-term growth and “mark an end to short term-ism” as part of Labour’s first budget since it came into power. Employers’ National Insurance contributions…

2 October

Food and Drink

UK F&B M&A up 32.4% in Q2 2024

The UK Food and Beverage M&A activity saw an increase of 32.4% year on year in Q2 2024, with 49 transactions completed, according to a new report from corporate finance house, Oghma Partners. The estimated deal value surged to approximately £6.0bn, primarily driven by a few large deals such as…

Nov- 2022 -

17 November

News

Chancellor freezes tax thresholds in Autumn statement

Chancellor Jeremy Hunt has announced a raft of measures to help “stabilise” the UK economy and reduce inflation, with tax cuts and spending cuts totalling £55bn in the Autumn statement. As part of the new measures, Hunt confirmed that tax as a percentage of GDP will rise by over 1%…

Mar- 2022 -

18 March

Analysis

13 Spring Statement predictions

With both the global and UK economies coming under pressure from the rising cost of living crisis, which has only been exacerbated by Russia’s invasion of Ukraine, all eyes will be on the chancellor when he makes his Spring Statement speech on 23 March 2022. Here, Christy Wilson, tax associate…

Nov- 2021 -

3 November

Food and Drink

Private equity deals surge in F&B market

Of the 32 deals announced in the food and beverage sector in Q3, 44% involved private equity (PE), a “significant” increase compared to the 33% in Q2, according to new research from Grant Thornton. Grant Thornton’s latest food and beverage insights found that the total deal value for PE in…

May- 2021 -

20 May

Pubs and Bars

Maven Leisure secures £4.3m funding for acquisition spree

Maven Leisure is set to raise £4.3m through private equity investment firm Growthdeck in a bid to open a host of new London bars upon the lifting of lockdown. The new venture, which is led by the founders of ETM Group, is looking to use the funds to launch seven…

5 May

Food and Drink

Food & beverage sector reports highest level of quarterly deals since 2017

Deal activity in the UK’s food and beverage sector has risen in the first quarter of the year, according to new research carried out by Grant Thornton. This represents the sector’s highest level of quarterly deals since 2017 with 63 recorded transactions in Q1 of 2021, a 15% increase on…

Jan- 2021 -

20 January

Business

M&A in the Food and Beverage sector down to 2009 levels

The UK F&B M&A market showed “encouraging signs of recovery” in the last four months of the year, however deals were still “significantly down” on 2019 levels according to the latest report from Oghma Partners. The report found that total deal volume for the period amounted to 28 transactions which…

Apr- 2020 -

1 April

Coronavirus

A fifth of SMEs at risk of collapse, say experts

Almost a fifth of SMEs will not survive the coronavirus crisis, according to new findings from the Corporate Finance Network. The group predicted that the closures would take place within the next four weeks despite government support measures, as the pandemic continues to unfold and affect retail. The network, which…