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Companies House warns about WebFiling security issue

Companies House has recently confirmed a security issue affecting its WebFiling service, and we want to ensure our clients are fully informed and reassured.

On 18 March 2026, Companies House notified registered users that it had identified a flaw in its WebFiling system on 13 March 2026. The issue relates to a system update introduced in October 2025 as part of the move towards enhanced identity verification.

What was the issue?

According to Companies House, the flaw may have allowed individuals with an existing WebFiling account, in certain circumstances, to:

  • Submit filings for companies they were not authorised to act for
  • Access limited non-public information, including:
    • The full date of birth (including day) for directors and Persons with Significant Control (PSCs)
    • Residential addresses for directors and PSCs
    • Company registered email addresses

Importantly, Companies House has confirmed that:

  • Passwords were not compromised
  • Identity documents (such as passports or driving licences) were not accessed
  • Previously filed documents could not be altered

What is happening now?

Companies House is currently analysing its data to determine whether any unauthorised filings have taken place as a result of this issue. As a precaution, all companies are being encouraged to review their records and report anything unusual.

Our position

As part of our ongoing company secretarial monitoring, Alexander Knight & Co has not identified any suspicious or unauthorised filings in relation to our clients to date.

We are continuing to monitor the situation closely and will provide further updates if required.

Murray Patt, founder of Alexander Knight & Co, said:

“This is clearly a concerning development, but it’s important to keep it in perspective. At this stage, there is no indication of widespread misuse, and safeguards remain in place.

“Our role is to stay close to the detail, monitor our clients’ records carefully and act quickly if anything looks out of the ordinary. We would encourage all clients to remain vigilant, but also reassured that we are actively overseeing this on their behalf.”

What should you do?

At this stage, we recommend:

  • Keeping an eye on your Companies House filings and records
  • Flagging any unexpected changes or unfamiliar filings immediately

If you have any concerns, please contact our colleague Kate Rowbottom (kate@alexanderknightaccountants.co.uk) in the first instance and we will review this with you promptly.

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Jack celebrates 10 years with Alexander Knight & Co!

At Alexander Knight & Co, we take great pride in the people who grow with our business and this year, we are delighted to celebrate a significant milestone for one of our own.

Jack Crowther marks 10 years with us, having joined us as a trainee back in 2016 straight from his A-levels.

Over the past decade, Jack has demonstrated exceptional commitment, professionalism and ambition, progressing through his studies to ultimately become ACA qualified.

Along the way, Jack has become an integral member of our team – supporting our client base of entrepreneurs and representing our firm in national and international networking events, such as the MGI Talent meeting in Brussels in 2023. In addition he fully embraces our ongoing ESG work.

Jack’s journey reflects not only his own dedication but also our belief in nurturing talent from the very start of their careers. From trainee to a highly skilled and trusted member of the team, his development has been a pleasure to support.

Today, Jack plays a key role in delivering for our clients. His technical expertise, combined with a deep understanding of their businesses, ensures that he provides consistent, high-quality service that our clients value and rely on. Many of those clients have worked with Jack for years, benefiting from his continuity, insight and approachable manner.

Murray Patt, founder of Alexander Knight & Co, said:

“Jack’s progression over the last ten years has been fantastic to see. He joined us at the very start of his career and has developed into a highly capable and trusted professional. His commitment to both his studies and our clients has been exemplary and he represents exactly what we stand for as a firm.”

Alison Spier, head of HR and Training at Alexander Knight & Co, added:

“Jack’s journey is a great example of what can be achieved with the right attitude and support. From day one, he has shown a willingness to learn and develop, and it’s been incredibly rewarding to see him qualify as an ACA. We are proud to have played a part in his development and excited to see what the future holds for him.”

As we celebrate this milestone, we also look ahead. Jack continues to play an important role in supporting our clients and contributing to the ongoing success of the firm.

Congratulations, Jack! Here’s to the next chapter!

 

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Alexander Knight & Co continues support for Hale Station with new volunteer initiative

Hale station is sponsored by accountants Alexander Knight & Co

At Alexander Knight & Co, we are proud to be the official sponsor of Hale Railway Station, helping to support and care for this important local transport hub used by thousands of residents, commuters and visitors each year.

As part of our ongoing sponsorship, we are now developing plans to organise a volunteer team from within our firm to help further enhance the station environment. Working in partnership with the dedicated volunteers from the Friends of Hale Station, colleagues from Alexander Knight & Co will take part in activities such as painting, cleaning and general upkeep around the station.

While these volunteer plans are currently being organised, our team already takes pride in keeping an eye on the station and helping ensure it remains clean, tidy and welcoming for local passengers who rely on this key gateway to the Hale community.

Alison Spier, Head of HR and Training at Alexander Knight & Co, said:

“We’re very proud to be the official sponsor of Hale Station and to support such an important part of our local community. Many of our team and clients use the station regularly, so it always feels natural for us to play a role in helping keep it looking its best.

“We are pleased to have a volunteer initiative where colleagues from our practice spend time at the station helping with painting, cleaning and general care, working alongside the fantastic volunteers from the Friends of Hale Station.”

We will share further updates once the volunteer days and work have been confirmed.

In the meantime, Alexander Knight & Co will continue supporting Hale Station and working with local partners to ensure it remains a welcoming and well-maintained space for the community it serves as part of our ongoing ESG work.

 

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Next generation talent

Four members of the Alexander Knight & Co team recently attended the MGI Worldwide Talent Meeting 2026, an event organised by MGI Worldwide, the global accounting association of which the firm is a member.

The meeting brought together next-generation accountancy professionals from across Europe to connect, share ideas and develop their skills.

Owen Li, Ciaran Morgan, Jack Wareham and Dan Williams.

This year’s programme focused on client communication, leadership and team collaboration – all essential skills for the future of the profession. We’re incredibly proud of Jack Wareham, Owen Li, Dan Williams and Ciaran Morgan (add them on LinkedIn!) for representing Alexander Knight & Co and building relationships with peers from across the international MGI network.

Alison Spier, HR & Training Manager at Alexander Knight & Co, said:

“Developing our people is central to the long-term success of the firm. Opportunities like the MGI Talent Meeting give our team valuable exposure to new ideas, different perspectives and international connections. It’s fantastic to see Jack, Owen, Dan and Ciaran representing the firm so well and gaining insights they can bring back to benefit our clients and colleagues.”

The talented quartet are now looking forward to putting their learning, networking and inspiration into practice as they continue supporting clients and colleagues throughout 2026.

In April, we will be sending a delegation from Alexander Knight & Co to Athens for the 2026 European Conference which promises to be a great mix of work, inspiring conversations and authentic Greek experiences.

 

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New rules incoming…an opportunity?

Some of our clients are using a commercial opportunity that presents itself as a result of forthcoming changes to UK accounting standards (FRS 102), relating to accounting periods beginning on or after 1 January 2026.

While these changes are technical in nature, they may present a useful opportunity for some businesses to review their plans – particularly if you are:

  • considering buying or acquiring a business
  • planning to raise funding or refinance, where covenant measures matter
  • investing in capital infrastructure
  • or thinking about a future disposal or exit

The way your accounts look (and the timing of when changes take effect) can influence how your business is perceived by lenders, investors and buyer – the new rules may improve your results, particularly EBITDA.

For some clients, adopting the new rules earlier (where permitted) or planning carefully for the transition may be worth considering.

What is changing?

The most significant amendments to FRS 102 are:

1. Leases (Section 20)

  • Most leases will move onto the balance sheet, with a right-of-use asset and a corresponding lease liability recognised.
  • This will increase reported assets and liabilities and may affect key metrics.
  • Common examples include leased offices and vehicles on contract hire.
  • Additional disclosures will also be required.

2. Revenue recognition (Section 23)

  • A new, principles-based five-step model for recognising revenue will be introduced.
  • This replaces much of the existing guidance and may change the timing of revenue recognition, particularly for contracts with multiple elements, variable consideration, or longer-term arrangements.
  • There are also some more minor disclosure changes.

Why this matters?

These amendments can have a noticeable impact on headline figures and ratios such as EBITDA, gearing and interest cover.

As a result, they may affect funding discussions, covenant compliance and external perceptions of performance.

For businesses with a December year-end (and no long or short accounting periods), the first accounts affected would be for the year ending 31 December 2026.

If there is concern that the changes could have an adverse impact, there may be planning options available now, including consideration of transition timing.

Next steps

Alexander Knight & Co is very happy to support you with impact assessments, transition planning and implementation of the new requirements.

If you think a conversation might be helpful, particularly in the context of future plans or significant transactions, please do get in touch with Murray Patt directly.

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Bridgewater Home Care UK appoints Alexander Knight & Co as its new accountants

Bridgewater Home Care UK has appointed Alexander Knight & Co to provide accounting, tax, outsourcing and advice to its growing national franchise network.

We will work closely with Bridgewater’s leadership team to provide financial oversight, reporting and advisory support as the organisation continues to expand its network of home care businesses nationwide.

The relationship will be led by Murray Patt, founder of Alexander Knight & Co, who will oversee the firm’s work with Bridgewater and provide strategic financial guidance to the franchise as the business continues to scale.

As part of the support provided to the franchise, Jane Marquez, of Alexander Knight & Co, will be responsible for the outsourcing service.

Jane will support day-to-day finance queries and help ensure franchise partners have access to clear reporting and practical financial guidance, drawing on the wider expertise of the Alexander Knight & Co team.

Phil Eckersley, Founder and Managing Director of Bridgewater Home Care

Phil Eckersley, Founder and Managing Director of Bridgewater Home Care

Phil Eckersley, Founder and Managing Director of Bridgewater Home Care, said:

“As our franchise network continues to grow, it is important that we have the right professional partners in place to support both our head office team and our franchisees. Alexander Knight & Co impressed us with their experience advising entrepreneurial businesses and their practical, approachable style. We are looking forward to working with Murray and the wider team as we continue to develop the Bridgewater network.”

Murray Patt, founder of Alexander Knight & Co, added:

“Bridgewater Home Care has built a strong and values-led franchise network and we are delighted to have been appointed as the new accountants. Our role will be to provide the financial oversight and support needed as the business continues to grow, while ensuring franchise partners across the network have access to clear, reliable financial guidance. We are excited to play a positive role in its growth strategy.”

As part of the arrangement, Alexander Knight & Co will provide ongoing accounting support to the Bridgewater Home Care UK network, helping ensure franchisees benefit from robust financial systems, compliance support and practical advice as they grow their businesses.

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Spring Statement 2026

The Chancellor’s Spring Statement did not introduce any major new tax measures, but it provides an important update on the economic outlook and public finances.

With tax thresholds remaining frozen and growth forecasts modest, the overall tax burden is expected to remain high in the coming years.

We have summarised the key points and implications for individuals and businesses in more detail in our downloadable guide which you get by clicking on the image below.

Spring Statement 2026

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Five AI tools every entrepreneur should try in 2026

AI

There are thousands of AI tools on the market, but most business owners don’t need dozens of platforms. In reality, a small handful can make a genuine difference to your productivity as a business owner.

Here are five of the most useful AI tools I’m seeing businesses successfully adopt in 2026 and how they’re being used in the real world.

  1. ChatGPT – your all-purpose business assistant

ChatGPT has quickly become the go-to AI tool for many businesses – and with good reason. It can help draft emails, write marketing copy, summarise documents, create meeting agendas, generate ideas, and even explain complex topics in plain English.

Business owners are using it as a first draft tool, not to replace judgement, but to save time staring at a blank page. Used properly it can speed up everyday tasks and frees up time for more valuable work.

  1. Claude – for longer documents and deeper thinking

Claude is similar to ChatGPT, but particularly strong when working with longer documents. Many businesses use it to review reports, policies, contracts and proposals. It can be helpful in summarising key points in lengthy detailed documents.

It’s especially useful for owners who regularly deal with detailed written information and want clearer insight without wading through pages of text.

  1. Otter – turning conversations into action

Otter is an AI transcription tool that records meetings and turns them into searchable notes and summaries. It can capture key points, decisions and actions automatically, reducing the need for manual note-taking.

Businesses are using it for management meetings, client calls and planning sessions. It helps to ensure nothing is missed and actions are followed up properly.

  1. Canva AI – simple, fast design

Canva’s AI features allow businesses to quickly create professional-looking presentations, social media posts and marketing materials. It can suggest layouts, generate visuals and adapt designs to different formats.

For small teams without in-house design support, this dramatically improves the quality and consistency of output with very little effort.

  1. AI-powered CRM tools – smarter sales follow-up

Many customer relationship management (CRM) systems used by our clients now include AI features that score leads, suggest follow-ups and highlight sales opportunities based on customer behaviour.

This helps businesses prioritise the right conversations at the right time, rather than relying on guesswork or memory.

A final word of advice

AI works best when it supports people, not replaces them. The most successful businesses experiment sensibly and keep humans firmly in control of decisions. You don’t need to use every tool – just the right ones, used well.

In 2026, AI isn’t about being more technical. It’s about being more efficient, more informed and more confident in how you run your business.

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Growth at Alexander Knight & Co as Owen Li welcomed as trainee accountant

We are delighted to confirm the appointment of Owen Li as a Trainee Accountant, further strengthening our Hale-based accounts and audit team as we continue to support clients into 2026.

Owen joins Alexander Knight & Co after graduating from the University of Liverpool, where he completed a degree in Accounting and Finance. In his new role, Owen will work across accounts preparation and audit, supporting a broad portfolio of clients and developing his professional training within the firm.

The appointment reflects our continued investment in early-career talent and our commitment to nurturing a strong team capable of delivering high-quality support to entrepreneurs.

We are already accepting applications for our popular summer 2026 graduate trainee programme.

Murray Patt, founder of Alexander Knight & Co, said:

“We’re delighted to welcome Owen to our practice. He impressed us with his academic background, attitude and enthusiasm for developing his career in accountancy. As we look ahead to 2026, investing in talented individuals like Owen is key to ensuring we continue to deliver the level of service our clients expect.”

Owen’s arrival comes at a time of sustained growth for Alexander Knight & Co, as we continue to expand our client base and enhance our accounts and audit capabilities.

Alexander Knight & Co is also member of international accounting association MGI Worldwide enabling our team to access international training and development opportunities as well as serve clients looking to invest in the UK.

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Murray Christmas 2025!

This year, instead of printing and posting physical Christmas cards, we have decided to make a donation to Willow Wood Hospice and the CAFT (Children’s Adventure Farm Trust) Christmas Appeal in Altrincham which are both close to the hearts of our staff.

On behalf of everyone at Alexander Knight & Co we wish you a Merry Christmas and a Happy and Healthy 2026! 

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