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.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel