Stranded middle and Strategic Report: Difference between pages

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''Business continuity - COVID-19 - UK.''
''Financial reporting''


"Stranded middle" UK businesses are those supported by neither of the Coronavirus Business Interruption Loan Scheme (CBILS) nor the Coronavirus Corporate Financing Facility (CCFF).
All companies, that are not small, are required by the Companies Act 2006 [http://www.legislation.gov.uk/ukdsi/2013/9780111540169/part/2]  to prepare a Strategic Report containing a fair and balanced analysis of:


For example:
a) the development and performance of the company’s business during the financial year;
*Turnover exceeds the £45m maximum for the CBILS; but
*Not sufficiently creditworthy to be able to access the CCFF.


b) the position of the company at the end of the year; and,
c) a description of the principal risks and uncertainties facing the company.
The purpose of the Strategic Report is to inform members of the company and help them assess how the directors have performed their duty.


==See also==
*[[Bank of England]]
*[[Business continuity plan]]
*[[Contingency plan]]
*[[Coronavirus]]
*[[Coronavirus Business Interruption Loan Scheme]]
*[[Coronavirus Job Retention Scheme]]
*[[COVID-19]]
*[[COVID-19 Corporate Financing Facility]]
*[[Creditworthiness]]
*[[Disaster recovery planning]]
*[[Financial stability]]
*[[Liquidity management]]


The Strategic Report replaces the Operating and Financial Review/Business review section of the Annual Report. It is in addition to the Directors' report.


==Resources for COVID-19==
[https://www.treasurers.org/hub/technical/covid19 ACT technical - COVID-19]


[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]
==See also==
* [[Annual report]]
*[[Directors report]]


[https://www.gov.uk/coronavirus UK government: COVID-19 support hub]


[[Category:Identify_and_assess_risks]]
==Other links==
[[Category:Manage_risks]]
*[https://www.frc.org.uk/Our-Work/Publications/Accounting-and-Reporting-Policy/FRC-Staff-Guidance-Note-Strategic-Report-Regulatio.aspx] FRC Staff Guidance Note: The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 – Key Facts
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 10:05, 4 April 2014

Financial reporting

All companies, that are not small, are required by the Companies Act 2006 [1] to prepare a Strategic Report containing a fair and balanced analysis of:

a) the development and performance of the company’s business during the financial year;

b) the position of the company at the end of the year; and,

c) a description of the principal risks and uncertainties facing the company.

The purpose of the Strategic Report is to inform members of the company and help them assess how the directors have performed their duty.


The Strategic Report replaces the Operating and Financial Review/Business review section of the Annual Report. It is in addition to the Directors' report.


See also


Other links

  • [2] FRC Staff Guidance Note: The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 – Key Facts
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