Removers' books to be examined?
Page 6
If you've noticed an error in this article please click here to report it so we can fix it.
THE IDEA that UK-based members of British Association of Removers' overseas section should be required to send their balance sheets and accounts to an independent financial expert — such as the BAR auditors — is canvassed in an editorial in BAR's Removals and Storage journal. The failure of two sizeable overseas removals firms last year — not BAR members — focused attention on the need for more adequate supervision of removals firms by their trade association or by the Government.
Now — and this seems to have prompted the balance sheet "vetting" idea — an other overseas remover hal gone into liquidation, this timt a BAR member.
A sub-committee of thi Overseas Group Council under the chairmanship o Michael Scott, came up witl the balance sheet probe idea which would if 'agreed, enabli the independent financial ex pert chosen to call for additio nal information if considerec necessary.
The plan envisages thE submission of accounts withit two or three months of th( year end of each company', trading period.
The Removals and Storag, editorial concedes that scheme such as this will no entirely rule out financia collapse, which may com. about for reasons entirel unconnected with a firm' removal business.