Last month, MM&K launched its 30th annual Private Equity and Venture Capital Compensation Survey, the leading and highly respected benchmarking resource tailored specifically for the UK and European PE/VC market. We invite all private equity and venture capital firms—regardless of size or strategy—to participate in this comprehensive survey and gain valuable insights into how compensation…

June 12, 2025 Read more >

MM&K has officially launched the 2025/26 edition of Life in the Boardroom, a unique biennial survey that gathers insights directly from Non-Executive Directors (NEDs) and Board Chairs, rather than from company staff or annual reports. Since 1990, this survey has provided a detailed and accurate picture from the people who experience life in the boardroom…

June 10, 2025 Read more >

After a consultation process, to which MM&K contributed as did many other interested parties, the FRC published the 2026 UK Stewardship Code on 3 June. In addition, the FRC has published draft reporting guidance on which comments and suggestions are requested before 31 August 2025 with a view to being finalised in the autumn. The…

June 9, 2025 Read more >

On 5 June, the Government issued an update regarding its proposed reforms around Carried Interest. As a firm, we were pleased to see that the potential requirement around mandatory Co-investment has been scrapped.  Our article earlier this year Co-investment requirements in the proposed new PE/VC tax regime highlighted the potential consequences – particularly for younger…

June 6, 2025 Read more >

On 15 May 2025, the Financial Services and Markets Act 2023 (Private Intermittent Securities and Capital Exchange System Sandbox) Regulations 2025 was published which comes into force on 5 June 2025. This establishes the new Private Intermittent Securities and Capital Exchange System (PISCES), a new regulated securities trading platform for private companies, wherever incorporated, as…

June 5, 2025 Read more >

We are preparing to launch the 2025/26 edition of Life in the Boardroom, our survey of NEDs, including Board Chairs. This survey has been running since 1990 and is unique insofar as we collect data direct from individual directors. Participants include directors of UK and overseas listed and private companies, private equity portfolio companies, public…

May 2, 2025 Read more >

MM&K is about to launch its 30th annual Private Equity & Venture Capital Compensation Survey of the European Private Equity and Venture Capital industry. The survey provides a comprehensive review of both short-term and long-term remuneration practices across the private equity, venture capital, and infrastructure fund management sectors, including the fund-of-funds and secondaries spaces. Short-term…

May 1, 2025 Read more >

On 31 January 2025, the House of Lords Select Committee on Home-Based Working was set up and their call for evidence recently closed (25 April 2025).  As has been seen in the news, the Committee have recently interviewed a number of executives of large corporations to understand their views. One of the interesting aspects was…

April 30, 2025 Read more >

An annual return needs to be submitted by all companies which have an active employee share plan registered with HMRC. This includes tax-advantaged share plans such as EMI, CSOP, SAYE and SIP as well as any non-tax advantaged plans or arrangements such as unapproved options, conditional share awards (or restricted stock units), growth share plans…

April 29, 2025 Read more >

Reports of AIM’s demise are premature. That said, for some time London’s junior market has not been fulfilling the purpose for which it had been designed, i.e. a nursery for high risk early-stage businesses with growth potential but which do not meet main market entry requirements, to access the growth capital they need – a…

April 2, 2025 Read more >

Along with the 2025 Spring Statement, HMRC has published a technical note on the tax implications for companies and employees when a company has shares traded on the Private Intermittent Securities and Capital Exchange System (PISCES). PISCES is a new type of secondary stock exchange that will facilitate intermittent trading of private company shares. It…

April 1, 2025 Read more >

Whilst some changes relating to employees have been well signposted for the tax year(s) ahead – such as the increase in Employers’ National Insurance Contributions to 15% from 6 April 2025, others have not. Having changes well signposted is important. For example, the increase of Employers NIC from 6 April means that companies could ensure…

March 28, 2025 Read more >