The report, by administrative receivers Deloitte & Touche, will look at the flotation of the company two years ago which valued it at £338m. Information that was provided to both financial advisors and shareholders at the time will also come under scrutiny.
Deloitte & Touche told creditors that a number of matters had been brought to its attention which it was now investigating, before reporting to the relevant authorities.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children