Retailer faces a special shareholder assembly this week to respond concerns over its ‘oversight’ in not filing full accounts to Companies HouseNext has been criticised by a group of heavyweight investors who say the company failed to act on a warning that could contain prevented it from breaking company law, forcing the retail group to hold an expensive shareholder assembly this week.
Next said last month it had paid dividends on four occasions without filing accounts at Companies House to show it had the money. The company called a special shareholder assembly for Wednesday at which shareholders will vote on a resolution to rectify the matter.
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Source: theguardian.com