Something to bury, not to praise

Article Abstract:

Tax treatment of corporate losses in the UK means thatlosses can be carried forward to the next fiscal year. Companies tend not to divulge how muchof their losses they have used, and they are wary of attracting attention from the tax authoritiesby boasting of the benefits of this practice. Tax losses cannot be used if a company acquiresanother with losses and then moves into a new line of business. It is more difficult thanpreviously to use tax losses in the UK, and this creates business for tax lawyers.

Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Corporations, Corporate finance

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Succession? What succession?

Article Abstract:

The skills needed to run a business have become increasingly uniform, and good chief executives should ensure they are dispensable. Succession problems are most likely to exist in companies set up by entrepreneurs, and where the entire structure of the organization reflects the problems at the top. A dominant personality can have a major impact on the company as a whole, as is the case with Lonrho where Tiny Rowland was boss for more than 30 years and remains on the board of the company.

Analysis, Management, Corporate governance

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Lost chance

Article Abstract:

Aldred McAlpine, a UK construction concern, has revealed exceptional charges totalling 34 million pounds sterling, and the company is withdrawing from construction work involving open tenders. The company had rejected a bid from Amec. McAlpine is likely to report a pre-tax profit of some 10.7 million pounds sterling for 1995, a figure that does not include losses relating to closed operations. The company could also face further problems.

Construction, Construction industry, Alfred McAlpine PLC

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