Blacks suspends director after accounting error

Blacks suspends director after accounting error

Outdoor clothing retailer Blacks Leisure has suspended a director because of an accounting discrepancy

Outdoor clothing retailer
Blacks Leisure
has suspended director Darren Spurling after finding profits for 2007/08 and
2008/09 would be below forecasts because of accounting discrepancies.

It was found that, in at least two financial years earnings at Sandcity,
which sells O’Neill Boardwear goods, had been overstated by about £1m.

The retailer has suspended Spurling, managing director of the division, while
it investigates further.

Blacks Leisure reduced its profit target in January as boardwear sales of its
Freespirit and O’Neill brands fell by nearly 11%.

Further reading:

Blacks Leisure FD in line for CEO role

Read
the story in BBC News

Related Articles

KPMG revenues rose by 8 percent this year in strongest growth in a decade

Company News KPMG revenues rose by 8 percent this year in strongest growth in a decade

5d Beth McLoughlin, Managing Editor
Baker Tilly come together with RGL Forensics to create global accounting practice

Company News Baker Tilly come together with RGL Forensics to create global accounting practice

5d Lucy Skoulding, Reporter
New look and offices for Mercer & Hole

Company News New look and offices for Mercer & Hole

2w Beth McLoughlin, Managing Editor
Kreston Reeves celebrates £3.6m revenue increase with recent hires and merger

Company News Kreston Reeves celebrates £3.6m revenue increase with recent hires and merger

2w Lucy Skoulding, Reporter
BDO to merge with Moore Stephens

Company News BDO to merge with Moore Stephens

2w Beth McLoughlin, Managing Editor
BDO appoints new audit partner for charities

Business BDO appoints new audit partner for charities

4w Beth McLoughlin, Managing Editor
M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

11m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

1y Emma Smith, Managing Editor