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The Guardian - UK
The Guardian - UK
Business
Simon Goodley

P&O Ferries hires tiny four-person accounting firm to replace KPMG

A P&O ferry near the port of Dover.
KPMG resigned as the company’s auditor in March, saying: ‘It has not been possible to complete an audit of the 2023 accounts to the required standard within management’s desired timetable.’ Photograph: Matthew Horwood/Getty Images

P&O Ferries has hired a tiny four-person auditing firm to replace the Big Four accountant that resigned from approving its annual accounts in March.

The move appears to raise further questions over the governance and financial health of the company, which has attracted a string of negative headlines after its controversial sacking of 786 mainly British ferry workers in 2022 – whom it then replaced with low-cost agency staff from countries including India, the Philippines and Malaysia.

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