Lloyds Bank and Baker Tilly host breakfasts for recruitment businesses
Following on from previous events about M&A activity in the sector, this month’s event focussed on volatility in the economic and FX market and the impact of exchange rate movements for UK recruitment businesses trading internationally. The bank’s economist and financial markets team looked at the widening gap between potential gains in $ against losses in &euro for those UK companies with an international footprint, and how to mitigate some of these risks. Baker Tilly also presented on the imminent FRS102 changes and the impact this will also have on businesses in areas such as employee bonus pools/share options, distributable reserves, banking covenants as well as future profits and balance sheets, leading to more volatile accounts.
For further information on any of the topics covered, or for details of future recruitment sector events, please contact Kim Collins, Head of Recruitment, Commercial Banking, Lloyds Bank at firstname.lastname@example.org