Legal | £1billion recruitment firm under investigation

Staffline is conducting an investigation into its recruitment unit after ‘concerns’ regards invoicing and payroll practices.

According to a statement from the firm, the Board became aware of the issue on Wednesday morning and said it would launch an investigation alongside auditors PwC.

The news comes one day after shares at the firm crashed by 33%. The result of the company delaying its annual results after senior management learned of the payroll allegations. A company statement added:

“Given the nature of the allegations, the preliminary [annual] results will not be published until the matters have been fully investigated.”