St James House, a global contract publisher for business and marketing communications, has dropped KPMG as its auditor.
The group’s board has appointed accountancy firm MacIntyre Hudson LLP as its new auditor, and believes the firm is “more suited” to the group’s size and business activities.
MacIntyre Hudson was established in the late 19th Century and was also a founding member of the Institute of Chartered Accountants of England and Wales (ICAEW).
It comes after fashion retailer French Connection announced in April that it was also dropping KPMG as its auditor after 25 years, and appointed accountancy firm Mazars as its replacement.
The board approved the proposed appointment of Mazars for the financial year ending 31 January 2020. According to French Connection’s financial results for the year ending 31 January 2019, the company paid KPMG £100,000 for its audit services and “178,000 for its non-audit services.