Troubled engineering group Jarvis is considering the possibility of suing
former directors and auditors following a catalogue of problems left the company
in financial difficulties.
Chief executive Alan Lovell, who was brought in last October to stem the
company’s decline, told The Guardian the board hasn’t made a final
decision yet on whether or not to take legal action.
Shareholders backed a restructuring plan earlier this month leaving them with
just 4.75% of the company, but means that £350m ($622.7m) of debt will be
cancelled by its creditors.
UK senior partner Phil Verity has been elected for a second term at Mazars
An audit partner has been appointed at Grant Thornton in its North West offices
KPMG has been appointed with “immediate” effect as the auditor of Dorcaster
The audit for Ibstock will be taken over by Deloitte following a competitive tender process