Ayling in running to become Sanctuary chief
Former BA boss interviewed for top job at Sanctuary
Former BA boss interviewed for top job at Sanctuary
Former British Airways chief Bob Ayling has been shortlisted to become
chairman of troubled music label Sanctuary Group.
Ayling has been interviewed, and is on a shortlist of two or three to become
non-executive chairman of the group, which has large debts and has been hit by a
disagreement between auditors, The Guardian reports.
Baker Tilly plans to qualify Sanctuary’s accounts after the company announced
a fivefold increase in losses for 2005. But a Big Four firm, believed to be
Ernst & Young, is reported to have been happy to approve the accounts.
Scepticism about the group’s prospects to recover has grown after it was
revealed it held no analyst briefings about its plans, and the former FD Mike
Miller is still on the board as corporate development director.
Sanctuary is planning to raise £110m through an equity financing led by
Evolution Securities, and has had a £35m debt with the Bank of Scotland
cancelled.
The numbers you crunch tell a story. Your expertis...
18yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article