Big Four firms pick up two more audits
Safestore swaps PwC for Deloitte, while Coms picks KPMG following Jeffreys Henry term
TWO MORE listed companies have changed auditors.
Safestore Holdings, which runs 97 self-storage units in the UK, has swapped its Big Four firms. Deloitte has been chosen to replace PwC as Safestore’s auditors.
PwC has served as its auditors since 2003. “The board would like to thank PwC for its years of service to the company,” Safestore said a statement to the London Stock Exchange.
PwC were paid £300k for its audit work in 2013, with a further £200k for tax services.
Safestore’s audit committee comprises of its former BDO managing partner Adrian Martin, ex-Arsenal MD Keith Edelman and former Arthur Andersen/Deloitte vice-chairman Ian Krieger.
Listed communications business Coms has replaced Jeffreys Henry with KPMG. The audit of the telco provider is on a smaller scale to that of Safestore, with fees of £45k.
Dave Breith, CEO of Coms, said: “Today’s appointment of KPMG following a competitive tender process is an important step in the company’s future. I have been highly impressed by the KPMG team and look forward to working with them in the future.”
Derek McAllan, audit partner at KPMG, said: “We are delighted to have been appointed as auditor of Coms and have been very impressed with the work Dave and his team have done in the recent past in transforming the Company’s fortunes. It is clearly a business with an exciting future and we look forward to working together.”