Just seven weeks after announcing record profits, the shareholders of ?100m
consumer finance group, Homebuy, are demanding an investigation into its
It also faces a probe by AIM into allegations that its practices were
This after announcing sterling preliminary results for the year end April 2006,
with turnover increased by 208%, earnings per share increased by 180%, and
pre-tax profits by 347%.
Since its flotation on AIM in November 2004, shares also soared from 80p to
The shareholders call for the probe was prompted by the AIM-listed group going
into administration on Thursday after its banks withdrew lending facilities.
The company, which is engaged in the sale of high-end plasma televisions to
consumers who are unable to get credit, admitted that its accounting had been
In December, shares were cashed in by directors, including founder Philip
Harwood, who sold 40% of his stake for nearly ?6m.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned