GTE creditors bring in second liquidator
Angry creditors have forced Smith & Williamson to bring in competitor firm as liquidator
Angry creditors have forced Smith & Williamson to bring in competitor firm as liquidator
Angry creditors forced Smith & Williamson, the administrators of
collapsed broker Global Trader Europe (GTE), to bring in competitor accountancy
firm Grant Thornton as a joint liquidator.
At a heated meeting last Friday, the creditors voted to appoint Steve Akers
from Grant Thornton with a special brief to examine the conduct of GTE’s former
directors, The Daily Telegraph reports.
Akers will work with Smith & Williamson administrators Stephen Cork and
Joanne Milner when the administration of GTE is converted into a liquidation
over the next month or so.
GTE was forced into administration in mid-February after a single, unnamed
client racked up losses of close to £15m and was unable to meet margin calls.
Further reading
Administrators launch fraud probe into GTE
Read
story in The Daily Telegraph
The numbers you crunch tell a story. Your expertis...
16yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn 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 resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThree years after accountancy group DJH Mitten Clarke launched, they have announced that they have rebranded to DJH. The DJH Mitten Clarke name reflec...
View articleStatic budgets outdated. Embrace agile budgeting for a smooth year-end close and adapt to changing markets. Read More...
View articleSaffery Champness's strategic rebrand to "Saffery" reflects a bold step towards aligning its historic values with a modern, innovative ethos, fosterin...
View articleSumer’s CEO Warren Mead believes accountants have a responsibility to champion smaller and medium-sized businesses and that successful entrepreneurs a...
View articleMid-market firms experience largest percentage increase in fee income in 2023, as consultancy services start to become leading income streams for the ...
View articleBaker Tilly International has today announced record global revenues of US$5.2bn for the financial year ended 31 December 2023, up 11% on the previous...
View articleWhilst Small and Medium Enterprises (SMEs) account for around half of the turnover in the UK private sector[1], our own AAT research shows that over a...
View articleGrant Thornton UK as confirmed the appointment of Malcolm Gomersall as its new Chief Executive Officer. Gomersall, who has been with the firm for over...
View article