Avant Homes identifies £43m balance sheet error in previous accounts

By Daniel Gayne2024-07-15T10:29:00

Error revealed just weeks after merger approach to Crest Nicholson

Avant Homes overstated its assets by £43m when it was acquired by Berkely DeVeer and Elliott Advisors in 2021.

According to an annual report filed at Companies House by Viva Midco Limited, Avant’s parent company, new directors at the business have “identified material errors” in the reporting period to 30 April 2021 and before that.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community