What does the Economic Crime and Corporate Transparency Act mean for food & drink businesses?

Speakers

Adam Hardie- Head of Food & Drink

Adam Hardie is the firm’s Business Development Partner and Head of Food & Drink. He has worked in the accountancy profession for 25 years, advising business owners on routes to market and strategic growth.  He is extremely well connected across the food & drink industry and works hard to make introductions across his network to help clients grow, including sourcing equity investment for growth. 

Si Mathavan- Partner, Head of Risk Assurance & Internal Audit

Si leads Johnston Carmichael’s Risk Assurance team and has 20 years’ consulting experience, having joined the team from Ernst & Young in 2022.

He has significant experience with supporting firms strengthen their process and control environment across all areas of a business and has advised organisations on their governance arrangements. 

He has undertaken large scale assurance engagements including internal audit, regulatory & compliance reviews and corporate governance engagements. 

Si is also heavily involved in the Moore ESG initiative, supporting the team develop our global assurance manual.  He also sits on the ACCA’s Internal Audit Sector Panel.

Qualifying Characteristics for Applicable Businesses

The updated provisions apply  from 1 September 2025 to businesses who meet the following criteria and who supply services to such firms:

• Turnover: £36 million or more.
• Balance Sheet Assets: £18 million or more.
• Employees: 250 or more.