Portsmouth football club’s potential new investor may not have much cash to
invest in the club, according to accounts audited by the Russian office of Baker
Tilly, the Daily Telegraph claims today.
Millionaire Alexandre Gaydamak faces Premier League checks on his personality
and finances before he goes ahead with plans to become a partner with Pompey
chairman Milan Mandaric.
The Telegraph has found that Gaydamak, who is a French national, has
attempted to show his financial strength through his Moscow broking firm called
Antanta-Capital Group, but the accounts signed off by Marina Pavlova, deputy
general director of Baker Tilly Russaudit, show assets totalling just £12m in
The accounts also showed the group’s profits were only $647,000.
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.