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.