Broadlands Finance auditor tags accounts over need for shareholder support

Mon, 01 Jul 2013

By Paul McBeth July 1 (BusinessDesk) - Broadlands Finance, the auto-financier whose credit rating was cut to CCC- in January, had its 2013 accounts tagged by the auditor over the lender’s need for shareholder Tony Radisich’s continued support to keep afloat. Auditor Grant Thornton gave an unqualified opinion on Broadlands’ accounts, while raising an emphasis of matter on its ability to continue as a going concern. Broadlands’ directors decided the lender could continue as a going concern after shareholders agreed to continue providing financ...

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