Conflict of interest? Company going into administration & accountant related to staff at admin. Co.
Popsicle64
Posts: 8 Forumite
Hello
I need to know if someone can advise me re what I think is a conflict of interest.
A friend of mine his business is going into administration as a result of one of his business partners suspected of defrauding the business. We have just found out that the accountant of the company going into administration is related to a member of the staff at the Administration company that has been appointed.
Is this a conflict of interest. If so what does my friend need to do?
Thanks
I need to know if someone can advise me re what I think is a conflict of interest.
A friend of mine his business is going into administration as a result of one of his business partners suspected of defrauding the business. We have just found out that the accountant of the company going into administration is related to a member of the staff at the Administration company that has been appointed.
Is this a conflict of interest. If so what does my friend need to do?
Thanks
0
Comments
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Hi I think a call to business debtline would be your best bet.0
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Thank you. The accountant at the firm is the brother in law of my friends business partner and is also related to a director of the administration company that my friends business partner has taken on. I feel this is a conflict of interest. My friend has approached a member of the administration company but they are stating it is not a conflict of interest. My friends partner has also bid in the administration process and his bid has been accepted which means my friend losing everything.0
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