GOALS Soccer Centres, the five-a-side football pitch operator, has said that its former chief executive and finance chief form part of an investigation into historical accounting mistakes at the company.
Goals said that actions undertaken by Keith Rogers, the former chief executive, and Bill Gow are being investigated, but also said in its statement that no conclusions had been reached.
The East Kilbride-based firm said earlier this month that its work on historic accounting policies and practices had shown “improper behaviour” within the company.
Historical accounting mistakes, which are estimated to be worth £12 million, are being examined and the listing of the company’s shares on the Alternative Investment Market is expected to cease.
READ MORE: Goals Soccer Centres warns profits will be 'materially below expectations'
Its 2018 audit has been suspended “until further clarification on the historic financial statements has been obtained”.
Goals said it its statement on Monday: “The company can confirm that actions undertaken by Mr Gow and Mr Rogers while employees and directors of the company form part of the current investigations of the company into the mis-statement of historic financial statements.
“The company can confirm no finalised conclusions have yet been reached, although as stated in the August 2, 2019 announcement by the company it is clear inappropriate actions have taken place.”
Goals also said in the statement: “Once the company has concluded its findings the directors, alongside its advisors, will take appropriate action and liaise with the appropriate authorities. The company will make further updates as appropriate.”
Mr Rogers and Mr Gow could not be immediately reached for comment.
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