The company’s former auditor, Richard Simons, the senior partner of Richard Anthony & Co, has been appointed to replace Bunt and financial controller Paul Arris will take over a company secretary.
A group statement admitted that pre-tax profits for the end of March will be slashed to a minimum, because monthly management accounts had overstated company profits.
Directors are now set to review the future of a ten pin-bowling venue at Worsley, Manchester.
‘This loss will be exacerbated by abortive acquistion cost incurred in connection with a proposed acquistion that had to be abandoned in March as a result of the inaccuracies in the company’s management accounts’, the group stated.
Bunt has also been stripped of share options in the group.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel