1-9 of 9 results for subject:Silentnight
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To ask His Majesty's Government, further to the Written Answer by Lord Callanan on 4 July (HL1456) in which he said that “it was not in the public interest to commence a criminal investigation” against KPMG for the Silentnight insolvency, whether they will now publish the legal advice upon which...
To ask His Majesty's Government, further to the Written Answer by Lord Callanan on 4 July (HL1456) in which he said that “it was not in the public interest to commence a criminal investigation” against KPMG for the Silentnight insolvency, whether they will now publish the legal advice upon which...
The legal advice is subject to legal professional privilege and therefore it is not appropriate to publish it.
To ask Her Majesty's Government, further to the Written Answers by Lord Callanan on 2 November 2021 (HL3320) and 1 February (HL5516), what progress they have made in bringing criminal charges against KPMG's insolvency partner for misconduct during the Silentnight insolvency.
To ask Her Majesty's Government, further to the Written Answers by Lord Callanan on 2 November 2021 (HL3320) and 1 February (HL5516), what progress they have made in bringing criminal charges against KPMG's insolvency partner for misconduct during the Silentnight insolvency.
The Insolvency Service has reviewed the evidence in this case, including the contents of the Financial Reporting Counsel’s Disciplinary Tribunal Report. A decision was reached that it was not in the public interest to commence a criminal investigation.
To ask Her Majesty's Government what assessment they have made of the decision of the Institute of Chartered Accountants in England and Wales to retain the fine money levied on KPMG and one of its then partners by the Financial Reporting Council, rather than paying it to the Silentnight pension...
To ask Her Majesty's Government what assessment they have made of the decision of the Institute of Chartered Accountants in England and Wales to retain the fine money levied on KPMG and one of its then partners by the Financial Reporting Council, rather than paying it to the Silentnight pension...
The Financial Reporting Council (FRC) undertook the investigation into Silentnight under its accountancy scheme as the Silentnight investigation was into KPMG’s accounting services. This requires fines and any costs recovered to be paid to the chartered accountancy body that funded the investigation and sanctions process.
In this case the fines and costs were paid to the Institute for Chartered Accountants in England and Wales. The same would be true if ICAEW had taken forward the investigation and sanctions process itself.
Accountancy bodies may make private arrangements as to the use of fine income for the benefit of groups that have suffered losses as a result of an insolvency.
To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 2 November 2021 (HL3320), what progress they have made in bringing criminal charges against KPMG’s insolvency partner for misconduct during the Silentnight insolvency.
To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 2 November 2021 (HL3320), what progress they have made in bringing criminal charges against KPMG’s insolvency partner for misconduct during the Silentnight insolvency.
In accordance with its normal investigation targeting process, the facts of this case, including the content of the Financial Reporting Counsel’s Disciplinary Tribunal Report, published in October 2021, is being reviewed by the Insolvency Service to decide if an investigation is required.
To ask Her Majesty's Government what plans they have, if any, to bring criminal charges against KPMG’s insolvency partner for misconduct during the Silentnight insolvency.
To ask Her Majesty's Government what plans they have, if any, to bring criminal charges against KPMG’s insolvency partner for misconduct during the Silentnight insolvency.
The Insolvency Service is considering the facts of the case and the Financial Reporting Council’s Disciplinary Tribunal report published in October this year.
To ask Her Majesty's Government who received (1) the £13 million fine levied from KPMG, and (2) the £500,000 levied from KMPG’s insolvency partner, as ordered by the Financial Report Council after the Silentnight insolvency.
To ask Her Majesty's Government who received (1) the £13 million fine levied from KPMG, and (2) the £500,000 levied from KMPG’s insolvency partner, as ordered by the Financial Report Council after the Silentnight insolvency.
The FRC undertook the investigation into Silentnight under its accountancy scheme. For statutory audit investigations since 2016 this scheme has not applied and fines are paid into HM Treasury’s consolidated fund. However, the Silentnight investigation was into KPMG’s accounting services and was launched in 2015 so fines and any costs recovered are paid to the relevant chartered accountancy body. In this case they were paid to the Institute for Chartered Accountants in England and Wales.
Q9
.
Andrew Stephenson (Pendle) (Con):
I recently visited Silentnight in Barnoldswick. Its award-winning apprenticeship scheme has now created 40 full-time jobs. Will the Prime Minister join me in congratulating Silentnight on the success of its scheme, which has helped the company to expand, and allowed it recently to award all of its more than 1,000 employees with an additional £250 thank you bonus?
Q9
.
Andrew Stephenson (Pendle) (Con):
I recently visited Silentnight in Barnoldswick. Its award-winning apprenticeship scheme has now created 40 full-time jobs. Will the Prime Minister join me in congratulating Silentnight on the success of its scheme, which has helped the company to expand, and allowed it recently to award all of its more than 1,000 employees with an additional £250 thank you bonus?
I am happy to join my hon. Friend in congratulating Silentnight. I remember visiting it with him in 2014. Back then, it employed 800 people. It now employs 1,100 people. That is a good example of a business expanding under this Government. It is a big backer of apprenticeships. Of course, our target is 3 million apprentices in this Parliament.
I am happy to join my hon. Friend in congratulating Silentnight. I remember visiting it with him in 2014. Back then, it employed 800 people. It now employs 1,100 people. That is a good example of a business expanding under this Government. It is a big backer of apprenticeships. Of course, our target is 3 million apprentices in this Parliament.
I am happy to join my hon. Friend in congratulating Silentnight. I remember visiting it with him in 2014. Back then, it employed 800 people. It now employs 1,100 people. That is a good example of a business expanding under this Government. It is a big backer of apprenticeships. Of course, our target is 3 million apprentices in this Parliament.
Q9
.
Andrew Stephenson (Pendle) (Con):
I recently visited Silentnight in Barnoldswick. Its award-winning apprenticeship scheme has now created 40 full-time jobs. Will the Prime Minister join me in congratulating Silentnight on the success of its scheme, which has helped the company to expand, and allowed it recently to award all of its more than 1,000 employees with an additional £250 thank you bonus?