The company, which runs 20 Jongleurs comedy clubs as well as the Australian-themed Walkabout chain, admitted it may have been put in breach of its bank loan agreements after discovering the problem.
Lenders including Barclays, HSBC, Royal Bank of Scotland and Allied Irish have taken on Kroll to advise on accounting discrepancies and issues relating to the company’s cashflow, the Sunday Express reported.
Regent Inns, which has £75m of debts, has said it is discussing how to resolve the matter with its banking partners.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements