Kroll to investigate at Regent Inns
Kroll is reported to be scrutinising the accounts of Regent Inns, the pub chain which delayed its preliminary results last month after the discovery of an accounting error.
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.