The government has opened a consultation on relaxing company reporting rules, including extending audit exemptions to medium-sized companies and simplifying annual accounts requirements. The proposals are intended to reduce compliance costs for businesses, but industry commentators warn they could weaken confidence in financial information used by contractors, lenders and suppliers.
The government has opened consultation on proposals to simplify company reporting rules, including a new framework for annual accounts and a possible extension of audit exemptions to medium-sized companies. The changes are intended to reduce compliance costs for construction businesses, but industry voices warn they could weaken confidence in financial information used by contractors, lenders and insurers.
Barking and Dagenham Council says it has resolved an adjudication dispute with McLaren Construction concerning the power supply arrangements at the 12 Thames Road mixed-use development in Barking. The issue centred on whether the scheme’s electrical resilience met British Standards, particularly in relation to firefighting lifts and sprinkler systems during a fire and simultaneous power outage.
The Building Safety Regulator has softened its approach to rejecting Gateway 2 applications, saying it will still refuse sub-standard submissions but only where there is no realistic prospect of approval. The change appears intended to reduce the risk of unnecessary project disruption while maintaining scrutiny of building safety compliance.
