Computershare's UK voucher business to be wound down

The UK has appointed Government agencies to run its new Tax-Free childcare scheme from the second half of the 2015 calendar year. The decision means that Computershare will wind down its UK voucher services business over a two year period beginning in the 2016 financial year. The decision won't affect 2015 results, but it will see 2–3% disappear from the company's EBITDA over the following two years. The bulk of the US$130m goodwill associated with the business is also likely to be written off. The company said it would provide more details in its full-year results release on 13...

The UK has appointed Government agencies to run its new Tax-Free childcare scheme from the second half of the 2015 calendar year. The decision means that Computershare will wind down its UK voucher services business over a two year period beginning in the 2016 financial year.

The decision won't affect 2015 results, but it will see 2–3% disappear from the company's EBITDA over the following two years. The bulk of the US$130m goodwill associated with the business is also likely to be written off.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles