Annual Results

Today’s news in brief – 17/9/2024

Galliford Try has delayed releasing its annual results due to a request from auditor BDO for more time to complete the audit. Originally scheduled for September 19, the results will be released at a later date. BDO, which has served as the company’s auditor since 2018, is completing audit quality…

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BDO delays Galliford Try audit

Construction company Galliford Try has revealed that it has delayed the release of its annual results as auditor BDO needs more time to complete the audit. The results were due to be published Thursday 19 September but the group will now post them at a later date. The company has…

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Harland and Wolff suspends trading amid delayed FY results

Shipbuilder company Harland and Wolff (H&W) has suspended trading in its shares after accounting issues delayed the filing of its audited financial results. The company, which owns the shipyard that built the Titanic, said that there are “ongoing discussions” with its auditor regarding revenue recognition relating to the multi-year and…

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Today’s news in brief – 28/09/2023

The Association of Chartered Certified Accountants (ACCA) and the Institute for Mergers, Acquisitions, and Alliances (IMAA) have entered into a strategic cooperation agreement. The primary goal of this partnership is to enhance the expertise of their members, particularly in the field of corporate finance, with a focus on mergers and…

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Grant Thornton warns Victoria Carpets of fraud risk

Grant Thornton, Victoria plc’s auditor, has warned that there was a “risk of material fraud” in its accounts covering the year ending 1 April 2023, The Financial Times has reported.  As a result, shares in the UK supplier of red carpets to the royal family tumbled on Monday (25 September)…

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Johnston Carmichael sees turnover increase despite Covid impact

Johnston Carmichael has reported a 6.2% increase in turnover despite the challenges of the pandemic in its annual results for the financial year ending 31 May 2021. Compared with the previous financial year when profitability was adversely impacted by Covid, turnover rose to £54.6m after the business said it “placed…

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PwC to unveil record £868,000 partner pay

PwC is reportedly set to increase its average partner pay by 19% year-on-year to £818,000 for the year ended 30 June. According to Sky News, the group’s approximately 900 partners have been told they will receive an additional £50,000 payout funded by the sale of the group’s technology platform and…

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BDO revenues up 14% as Covid dents profits

Accountancy and business advisory firm BDO LLP has posted revenues of £660m for the financial year 2019/20, a 14% increase on the previous year. The firm revealed that around 9% of the revenue increase reflects the first full year of BDO’s merger with Moore Stephens LLP back in 2019, with…

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M&C Saatchi bosses step down after accounting scandal

Three of M&C Saatchi’s co-founders are stepping down following last year’s accounting scandal. Last December, the advertising company announced it would need to make adjustments of £11.6m to its financial results, following an independent review conducted by PwC. M&C Saatchi’s shares have since been suspended after it missed the deadline…

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KPMG delays release of annual results

KPMG has announced the delay of its annual result as it waits for a clearer view of Covid-19’s impact.  According to Sky News, the firm is withholding information on its yearly review until it gets a “clearer view” of Covid-19 on the British economy, reports covering the year ending in…

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