Listed below are our UK press releases, providing an overview of our activities and opinions over the last 18 months. Our most recent press releases can be found at the top of the page.
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| Pimpernel International Limited (In Administration) |
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11 August 2006 |
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Ian Brown and John Reid of Deloitte were appointed as administrators of Pimpernel International Limited on 3 August and 9 August respectively due to cash flow difficulties following the re-sourcing of production in China.
Pimpernel, which is based in Consett, County Durham, produces a range of high quality tableware, place mats and associated accessories, under the Pimpernel and Cloverleaf brands, as well as producing own label products for department stores and other customers. The Company has a subsidiary in the US, Pimpernel International Inc., a sourcing office in Hong Kong and has recently completed a custom built manufacturing... |
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| Deloitte reports strong growth |
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08 August 2006 |
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Deloitte in the UK reported further strong growth for the year ended 31 May 2006. Revenues grew by 15.0% to £1559m and total profits available for allocation to partners and to cover retired partner annuities grew by 8.7% to £489.2m. John Connolly, Deloitte’s Senior Partner and Chief Executive commented: Revenues “Each of our four divisions performed well in an environment which remained reasonably buoyant and where our decision to continue investing in increased professional headcount and our unrelenting emphasis on quality was rewarded. “Our unique range of skills in depth across... |
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| Deloitte launches Technology Fast 50 Awards: Call for entries |
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07 August 2006 |
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Deloitte, the business advisory firm, today launches this year’s Technology Fast 50 Awards, an objective ranking and celebration of the UK’s fastest-growing technology companies. The programme, in its ninth year, showcases technology companies that have achieved high revenue growth over a five year period. The ranking features both private and public listed technology companies that have demonstrated innovative strategies, sound management practices and marketplace vision driving them to achieve the status of high-growth leaders. Details of how to enter the award can be found at |
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| DTI Insolvency Statistics Q2 2006 |
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04 August 2006 |
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Corporate insolvency: Retailing gloom just an illusion
Personal bankruptcy: ‘IVA boutiques’ peddle their wares
Lee Manning, Reorganisation Services Partner at Deloitte, responds to the DTI’s quarter two insolvency statistics, announced today:
Retailing: big brand insolvencies create a gloomy illusion
“While the retail insolvency figures are up 13% on last year, in absolute terms the retail outlook is stable. Only 251 retailers out of a total population of over 200,000 retailers went bust: a relative drop in the ocean. Whilst a few big name retail insolvencies in the past year, like... |
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| Not the start of a series of hikes |
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03 August 2006 |
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Today’s surprise decision by the Monetary Policy Committee to raise interest rates from 4.50% to 4.75% is unlikely to mark the start of a series of rate hikes and probably represents a one-off move that might be reversed as early as next year. The August Inflation Report, which is to be released next Wednesday, is likely to say that the Committee remains ready to raise interest rates again should economic growth accelerate further, inflation rise higher or the housing market continue to strengthen. However, I think that is it more likely the economic data will...
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| FTSE executives made to earn their pay as shareholders demand increasingly sophisticated performance measurement |
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02 August 2006 |
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A new study published today by Deloitte, the business advisory firm, reveals that executive remuneration packages at FTSE 350 companies are becoming ever more dominated by performance based elements of pay, and the performance measures used are increasingly aligned to a company’s business strategy. |
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| New Partner appointed to Deloitte’s expanding technology risk team |
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02 August 2006 |
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Deloitte, the business advisory firm, has further strengthened its Technology Assurance and Advisory practice with the appointment of David Bettesworth to head up its investment banking technology risk team.
David Bettesworth, who has more than 10 years’ experience in financial services and specifically in investment banking, has joined Deloitte as a partner from KPMG where he was responsible for the Investment Banking sector with its Information Risk Management service line. David has worked with and advised many major investment banks including Morgan Stanley, ING and Credit Suisse on technology risk, security and IT audit issues.... |
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| Jobless benefits |
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31 July 2006 |
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In the latest issue of the Deloitte Economic Review, Deloitte’s Economic Adviser, Roger Bootle, considers what impact the recent trend of rising unemployment is likely to have on the UK economy. His main points are as follows: |
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| New Director joins Deloitte’s regional development group |
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31 July 2006 |
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Deloitte, the business advisory firm, has strengthened its regional development and regeneration group by recruiting Philip Holt as a Director. Phil has more than 20 years’ experience in regeneration and economic development in both the public and private sectors and has joined Deloitte after 10 years with PwC. Heather Hancock, head of Regional Development at Deloitte, comments: “Phil is a fantastic addition to our regional development and regeneration practice, which continues to go from strength to strength. Over the past decade he has managed, developed and delivered more than 50 major business and... |
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| Edinburgh Crystal Glass in administration |
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26 July 2006 |
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The Edinburgh Crystal Glass Company Limited (Edinburgh Crystal) has today appointed Deloitte recovery experts, John Reid and Ian Brown, as joint administrators. The company is a distributor and retailer of fine crystal tableware and giftware operating from a head office and warehouse in Penicuik. With 14 factory outlets and 77 department store concessions throughout the UK, Edinburgh Crystal employs over 420 staff across the country. John Reid commented: “The Company has suffered from a steady decline in consumer demand for a number of years. As a consequence, losses have been incurred and the directors embarked on a... |
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