Partly Cloudy

Partly Cloudy

max temp: 6°C

min temp: 0°C

Search

Patisserie Valerie suspends shares - and finance chief - after discovery of potentially fraudulent account activity

Patisserie Valerie in Davey Place, Norwich. Picture: GoogleMaps

Patisserie Valerie in Davey Place, Norwich. Picture: GoogleMaps

GoogleMaps

The owner of cafe chain Patisserie Valerie has suspended its shares following the discovery of potentially frauduent account irregularities.

Patisserie Holdings said it has been notified of “significant, and potentially fraudulent, accounting irregularities and therefore a potential material mis-statement of the company’s accounts”.

The cafe chain has one store in Norwich’s city centre, one in Bury St Edmunds, and one in Ipswich.

The company said that its financial position may “material[ly] change” as a result of the cash problems.

Shares in Patisserie have now been suspended from trading on the London Stock Exchange whilst it carries out a full investigation.

In addition, finance chief Chris Marsh has been suspended from his role.

Chairman Luke Johnson said: “We are all deeply concerned about this news and the potential impact on the business. We are determined to understand the full details of what has happened and will communicate these to investors and stakeholders as soon as possible.”

Search hundreds of local jobs at Jobs24

A commercial parking enforcement company operating in Felixstowe has been accused of ‘acting unethically’ against lorry drivers trying to serve customers based at Trinity Distribution Park.

Wivenhoe, Mersea Island, Colne Valley and Dedham Vale feature in new Beautiful Borough campaign.

Igloo dining, gin bars and all you can eat buffets have been added to the list of options in store for foodie fans in Ipswich.

Workers in pubs and catering have received some of the biggest pay rises this year, a new study suggests.

Business leaders and bosses have warned of the catastrophic consequences a hard or no deal Brexit could have on trade coming in and out of the Port of Felixstowe.

Management Jobs

Show Job Lists

Most read

Topic pages

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

MyDate24 MyPhotos24