Big Four firm KPMG has been appointed to undertake a review of Wyevale
Garden Centres on behalf of UK banking giant HBOS.
The bank has a 19% stake in the business, according to a report on
HBOS is seeking a review of Wyevale’s business plan in determining whether
its profits are sustainable. Annual turnover is estimated at £125m.
Scottish entrepreneur Sir Tom Hunter is a financial backer to the business,
and is currently renegotiating £650m in loans used to finance the leveraged
buy-outs of Wyevale and Crest Nicholson.
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Three new partners and seven business restructuring advisers have been appointed to the new Preston office
Craig Maxwell joins the audit and assurance team in Scotland