A forensic examination of computers at collapsed Top 50 accountancy firm
Wenham Major is under way, as administrators turn their attention from
protecting jobs and clients to returning funds to creditors.
shifting their attention after selling the core accounting business to
Bentley Jennison and preparing a deal to sell the insolvency practice to
Kiran Mistry, a senior manager in the practice. That deal is subject to
Wenham Major entered administration last week following a statement that
joint owner Ammar Azam had unearthed ‘financial irregularities’ in the Wenham
Major Private Client subsidiary. The private client arm was founded by Azam’s
fellow joint owner John Joyce, who is understood to be in hospital.
Wenham Major’s main creditor is HBOS, the firm’s bankers, who are understood
to have personal guarantees from both Azam and Joyce.
Administrators are understood to be preparing to talk with both partners as
they look into the collapse of the firm.
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal