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19 Jan 2011
AGROCHEMICAL COMPANY Eden Research has announced that it has appointed Grant Thornton as its new auditors.
The changeover takes place with immediate effect. Eden's last set of full-year company accounts, for the year ended 31 December 2009, was audited by Baker Tilly. The accounts, released on on 16 August 2010, contained a going concern statement.
Baker Tilly had included an emphasis of matter-going concern statement in its audit report, explaining that as the group had incurred a loss of £1,671,381 during the year and had net current liabilities of £2,940,644, along with other matters, there existed "a material uncertainty which may cast significant doubt about the group's ability to continue as a going concern".
Eden's latest unaudited interims showed a £913,000 for the six months ending 30 June 2010.
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