Laura Ashley

The auditor of now-collapsed Laura Ashley, UHY Hacker Young (UHY), has been fined £300,000 by the Financial Reporting Council (FRC) for failing to highlight serious financial issues at the design company and its imminent danger of collapse. The FRC issued a Final Settlement Decision Notice and

Fashion retailer Laura Ashley has filed for administration, with PwC appointed as administrators.  The move comes after rescue talks for the firm were scrapped by the outbreak of Coronavirus.