Boss of Nottingham energy company apologises after firm posts big losses
Yü Group, the energy supplier to businesses, has posted losses of almost £6.3m for the year ending 31 December 2018.
The news comes despite the Nottingham firm increasing revenue by 77% to £80.6m and comes after an review of its accounting practices, carried out by PwC.
Yü Group launches the review late last year after the board said they had identified “several areas of concern” that would expose the company to a £10m hit.
Bobby Kalar, group chief executive , said: "The accounting and system failings uncovered in th... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...