News, views and industry trends
What are lease liabilities?
Key takeaways Lease liabilities represent the present value of future payments for leased assets and must be reported on the balance sheet. IFRS 16 and FRS 102 increase transparency but add complexity for finance teams. Calculating lease liabilities…
Why spreadsheets no longer measure up
As the revised FRS 102 standard introduces more meticulous lease accounting requirements, the limitations of spreadsheets are becoming increasingly apparent. In a recent broadcast, Gavin Maze from MRI Software and Richard Olney from Grant Thornton hi…
What is lease management?
Lease management is the process of overseeing and administering lease agreements throughout their entire lifecycle. It covers everything from creating, negotiating and executing lease contracts to ensuring compliance, tracking key dates and managing …
Can you sublet shared ownership properties? Rules, restrictions and what to expect
As an occupier of a shared ownership property, whether a home or office, you may be considering renting out your space. Shared ownership provides an accessible way to secure property ownership, but it comes with responsibilities and restrictions. Whe…
Can you change property managers mid-lease?
Switching property managers can feel like a daunting process, especially if you are mid-way through an active lease. Property owners may worry about disrupting tenants, breaching contracts or creating financial complications. Yet in many cases, makin…
Types of workspaces: A guide to smarter office design
Workspaces have changed dramatically in the last two decades. Once dominated by cubicles, private offices and rigid seating plans, the modern office now embraces flexibility, hybrid working and employee experience as central pillars of workplace desi…
What is office wayfinding? A guide to smarter workplace navigation
In the past, workplace navigation was straightforward: desks were fixed, teams sat together and floorplans rarely changed. Today, the landscape looks very different. Hybrid working, unassigned seating and multi-building sites mean that navigating the…
FRS 102 lease accounting: Turning compliance into competitive advantage
As the 2026 deadline for the revised FRS 102 lease accounting standard approaches, finance leaders across the UK are facing a critical inflection point. The new requirements, bringing most leases onto the balance sheet, are more than a compliance exe…