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.
Political and economic uncertainty behind the fall in confidence
UK senior partner Phil Verity has been elected for a second term at Mazars
An audit partner has been appointed at Grant Thornton in its North West offices
Just Racing Services, operating company of the Manor Racing Formula One team has entered administration