Ex-Wickes exec cleared of misleading auditors

Ex-Wickes exec cleared of misleading auditors

A former director of DIY store Wickes has been cleared of misleading the company auditors in 1995, in relation to an £18.3m overstatement of company profits at the time.

Link: Ex-Wickes manager on trial

Leslie Rosenthal, 53, the former group buying director at Wickes, was acquitted by direction, after the jury at Southwark Crown Court could not arrive at a majority verdict.

The prosecution offered no evidence for a further trial and the judge ruled a not guilty verdict on the one count of making a false statement to Andersen, then auditors of Wickes, in 1995.

Previously, Rosenthal was tried on the charge of fraudulent trading during 1994 to 1996, where he was jointly indicted along with two other former directors, Henry Sweetbaum, former group chairman and chief executive, and Terence Carson, former financial director of the main retailing subsidiary.

Last year, Sweetbaum, Carson, and former finance director Trefor Llewellyn were acquitted on charges of fraudulent trading.

This count of fraudulent trading against Rosenthal was not proceeded with in the second trial.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In 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 resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource