RE: Letter Sent to Companies House8 Dec 2025 08:27
Companies manipulate their finances all the time, but not on this scale - the Directors certainly should be investigated.
But, the real blame must lie with the auditors - they have clearly completely failed to give their oversight.
There is supposed to be tighter regulation to improve oversight regarding auditing by the The Audit, Reporting and Governance Authority (ARGA).
However, this organization hasn't been launched yet and the existing Financial Reporting Council (FRC) doesn't seem to have much authority.
The Company itself is answerable to the Financial Conduct Authority (FCA) - it seems Companies House just handle the reporting of accounts, not their content,