KPMG, the administrators of Unwins, is probing claims that takings were
transferred to Devereux Montague, the private equity owners of the collapsed
The Big Four firm is also investigating why Unwins continued trading when
stocks had slumped to low levels last year, the Daily Telegraph reports.
Devereux Montague is understood to have denied any wrongdoing.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies