Andersen Consulting drops plan for new home

Andersen Consulting drops plan for new home

Andersen Consulting has dropped plans to move to a new headquarters following its protracted divorce from Arthur Andersen.

Six months before the consultancy firm was due to move in, bosses have pulled the plug on the planned 15-year lease at the Lord Foster-designed building.

The spectacular glass building is being constructed on the former Daily Mirror site at Holborn Circus is London.

AC claimed a ‘total victory’ when it separated from AA last month after an arbitration process lasting more than two years. But divorce arbitraor Dr Guillermo Gamba, ruled AC would have to surrender its name.

The decision prompted speculation that AC cancelled the move so as to lighten the financial load prior to a floatation, a point denied by the consultancy.

According to a report in Property Week the full 15-year liability could have been as much as £172m.

Taking Stock – I spy with my little eye, something beginning AC

Taking Stock – No fisticuffs for Andersens staff

The Andersen break-up

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource