Business energy supplier Yü Group has appointed PWC and DLA Piper to support a “forensic review” of business and accounts.
The company last month announced it had discovered a hole in its accounts that sent share prices tumbling from 595p to a low of 86p.
The company’s share price has since partially recovered, though dipped on the news of the accountants’ appointment to around 170p.
In a market update last month, Yü said it would post a loss for 2018 after realising it could not recover much of its outstanding income, some £4.2m for the year ending December 2017 and £4.3m for the interim period to 30 June 2018.
The company said it expects to return to profitability in 2019, but at a much reduced level.
Yü Group revisits accounts, finds hole, shares plummet
Yü Group posts big growth, eyes corporates and cross selling
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