JJB Sports has appointed KPMG as administrator of its lifestyle stores
Original Shoe Company and Qubefootwear.
The company said its two chains lost a combined £15m in the last financial
year. Together, they comprise 77 stores and employ 270 full-time and 530
JJB has been trying to sell the businesses for some time. In October it
received a preliminary approach from a buyer but a sale did not proceed.
The stores were picked up for £1 by now-suspended chief executive Chris
Ronnie earlier in the year.
JJB said the administration would not affect its other trading businesses.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.