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National minimum wage changes from 1st April

Adrian Fryer

Last month, the Government released its latest ‘name and shame’ list of employers who failed to pay national minimum wage to their workers. On the list were high profile names including Costa, Bupa, and Hovis. This potentially reputationally damaging naming and shaming process sits alongside fines of up to 200% of the value of the underpayment. Paying national minimum wage incorrectly can be costly in more ways than one.

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The Problem of Fraud in Invoice Finance

Experience suggests that the issue of fraud in invoice finance remains a persistent problem.  Inherent in the operation of the sale of receivables is the temptation for unscrupulous or desperate directors to create ‘fresh air’ invoices, which do not represent the product of any genuine trading (or sometimes which exaggerate the extent of otherwise genuine trading), whether from the start of the facility or during times of poor trading.

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Hopcraft V Close Brothers: Implications For The Invoice Finance Industry

At the end of this Summer, the Supreme Court delivered its anticipated judgment in the joint appeals in Hopcraft v Close Brothers Limited [2025] UKSC 33.  The decision focused on motor finance, but the Court’s findings have far broader implications for all sectors in which brokerage services are available, including the invoice finance industry.  The decision has come as welcome news across the UK finance world, though the story of compensation in relation to broker commission seems likely to rumble on for some time to come.

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Navigating ID Verification Under the Economic Crime and Corporate Transparency Act 2023

The Economic Crime and Corporate Transparency Act 2023 (the Act) introduces a new era of corporate accountability in the UK. In two of our previous articles from March 2025 and November 2023, we explored the broader reforms introduced by the Act — including the push for greater transparency and the overhaul of Companies House powers. Now, with the mandatory identity verification (IDV) regime coming into force this month – a move designed to enhance transparency, reduce fraud, and prevent misuse of UK corporate structures, it’s time to focus on what businesses must do to comply.

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