Attempts to apply for a summons to bring a private prosecution against company doctor David James and former ICAEW president Sir Brian Jenkins for their role in the winding up of the New Millennium Experience Company have taken a further twist.
Link: Dome chiefs face summons
Accountancy Age revealed last week an application, under criminal law, had been made by Leigh Acton of the Greenwich Millennium Exhibition. It claimed that the former NMEC directors, along with three others, ‘made a material omission’ from a statement of the company’s affairs during the winding up process.
But the court has written to Acton, raising concerns and leaving the matter adjourned. The letter questions whether GME can make an application, saying that the right to bring proceedings is limited to those involved in the liquidation.
It also said that a civil action by GME in the High Court, to have the liquidation of NMEC nullified, could be put at risk if criminal proceedings were to go ahead at the same time.
Acton has countered the court’s concerns, claiming he can bring the private prosecution because NMEC went through a voluntary winding up, not a compulsory procedure.
He requested a date to make legal submissions if his summons application is not permitted to go ahead.
The other directors subject to the application are Robin Hewes, David Quarmby and Len Duvall.
The numbers you crunch tell a story. Your expertis...
21yEmbracing 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View articleStatic budgets outdated.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