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