EY has resigned as auditor of the London-listed financial services group less than 18 months after being appointed, Sky News learns.
This weekend, it was unclear whether its role had attracted interest from the audit watchdog.
MJ Hudson already warned investors in October that it was in discussions with its auditors about adjustments to its full-year figures.It added more recently that it had also appointed external accounting advisers to assist it"in achieving the necessary clarity to enable the year-end FY 2022 reporting to be completed".
MJ Hudson's shares were suspended at 13.13p, leaving it with a market value of just £26.7m - down two-thirds on a year earlier. The company has received takeover interest in a number of its operations from With Intelligence, which is owned by the investment firm Intermediate Capital Group , and Inflexion Private Equity.MJ Hudson confirmed in a statement last month that it had"received a number of inbound indications of interest for certain divisions of the business and has engaged advisers Alvarez & Marsal to look at a potential sale of one or a number of its business lines".
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