Patisserie Valerie were out of dough – auditors should have realised

FRP, the liquidators of Patisserie Valerie, are accusing the firm’s former auditors for negligence for not alerting the directors to the fact that the firm had no cash and are claiming £225m from them.

The auditors argue that it is not their place to identify and point out fraudulent behavior

.

This is a high profile claim brought by the liquidators of Patisserie Valerie against the auditors and, if successful, the case could have wide reaching implications for auditors. 

For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or to take advantage of our free consultation and business health check, please telephone Stella Flemmings on 01377 257788 and she will make you an appointment with one of our insolvency professionals at our Driffield, Hull, Grimsby, Scunthorpe or York offices.  Meetings can be held virtually or in any of our offices whilst observing the socially distancing guidelines.

Because we are an independent insolvency practice, we keep our overheads low and have put systems in place to deal with simple liquidations at an affordable price of from £1,995 + VAT + Disbursements.  Our MVLs are from £995 + VAT + Disbursements.

Comments are closed.