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Goals Soccer Centres puts itself up for sale
29th Aug 2019 08:12
(Sharecast News) - Five-a-side football pitch operator Goals Soccer Centres has put itself up for sale amid an accounting investigation.
The company, whose former executives are being accused of fraud, said on Thursday that the process is being conducted by Deloitte.
"There is no certainty as to the timetable or outcome of this process," it said in a brief statement. "Shareholders will continue to be kept informed of developments as appropriate."
Earlier this month, Goals confirmed that actions taken by former chief executive Keith Rogers and ex finance boss Bill Gow were part of an investigation into the mis-statement of historic financial statements.
Goals shares were suspended from AIM back in March after it said that a "substantial" misdeclaration of VAT going back "several years" meant it had an unpaid tax bill of around £12m.
The BDO was commissioned to investigate and found that there had been "improper behaviour" within the company involving a number of individuals since at least 2010.
The company, whose former executives are being accused of fraud, said on Thursday that the process is being conducted by Deloitte.
"There is no certainty as to the timetable or outcome of this process," it said in a brief statement. "Shareholders will continue to be kept informed of developments as appropriate."
Earlier this month, Goals confirmed that actions taken by former chief executive Keith Rogers and ex finance boss Bill Gow were part of an investigation into the mis-statement of historic financial statements.
Goals shares were suspended from AIM back in March after it said that a "substantial" misdeclaration of VAT going back "several years" meant it had an unpaid tax bill of around £12m.
The BDO was commissioned to investigate and found that there had been "improper behaviour" within the company involving a number of individuals since at least 2010.