Paul Davidson, a 50-year-old businessman based in Cheshire, is set to be investigated by PKF who will represent various creditors.
PKF partner and head of corporate recovery, Philip Long, will head the investigation along with Kerry Bailey.
‘The responsibility of trustees is to see if any assets can be recovered for the benefit of creditors, and we welcome any help or information which might be useful with our enquiries,’ Long said in a statement.
‘Information is being gathered and we will shortly be convening a creditors’ meeting.’
Davidson had previously received a £750,000 fine from the FSA after placing a spread bet during the flotation of Cyprotex, a company in which he was involved. He is still contesting the decision.
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.