The collapse of Mayflower is the subject of the first investigation by newly-created disciplinary body, the Accountancy Investigation & Discipline Board.
The AIDB will investigate ‘the role and conduct of members and member firms of the ICAEW and ACCA in relation to the Mayflower Corporation Plc and its subsidiaries, whether as auditors, advisers, directors, employees or in any other capacity’.
The proceeds from the recent sale will go Mayflower’s secured creditors including banks and bondholders. Together they are owed about £250, reports The Times.
Three new partners and seven business restructuring advisers have been appointed to the new Preston office
Political and economic uncertainty behind the fall in confidence
Just Racing Services, operating company of the Manor Racing Formula One team has entered administration
Last year 16 oil and gas companies became insolvent, finds Top Ten firm Moore Stephens