The Business Review and Directors Report

All company accounts, with reporting periods beginning on or after 1st October 2007, will be expected to include a Business Review, apart from small company accounts.

Who does this apply to?

The Directors Report in the accounts must contain a Business Review. This applies to all companies, except companies that file small company accounts.

When does this come into force?

The Business Review will apply to all accounts with reporting periods beginning on or after 1st October 2007.

What is a Business Review?

A Business Review is a fair review of the company’s business within the reporting period. It must be a balanced and comprehensive analysis of the development and performance of the company, with a description of the principal risks. (See Section 417 of the Companies Act 2006).