Radcliffes turns clock back to shift financial year-end

Embattled Westminster firm RadcliffesLeBrasseur is considering the unusual move of retrospectively changing its year-end for tax purposes as it continues to seek a chief executive replacement.
Partners and ex-partners are still unsure what profits will be owing to them for the 2002-03 financial year, while the firm discusses the matter with its accountants.
“At this stage we’re not able to discuss details of last year’s performance,” said partner Simon Dinnick, one of the firm’s executive committee.
The firm has previously operated on a 30 April year-end, but is considering a change to 31 March.
The firm is still seeking a replacement for former chief executive Vincent Denham, who left in August last year. It is considering a chief operating officer alternative to the chief executive position.
“We continue to look for a chief officer and have interviewed a number of candidates,” said Dinnick. “We were interested in furthering discussions with one candidate who was not able to proceed as he accepted another position.”