Goals PLC has replaced its chief financial officer as it attempts to untangle recently discovered accounting errors.
Trading in shares of the East Kilbride-based five-a-side pitch operator was suspended last month after it emerged that VAT may have been misdeclared by at least £12 million.
Interim CFO Martin Johnson will leave the company on 31 July to be replaced by Mike McGill, also on an interim basis. McGill previously has worked with companies including Baxters Food Group, McDonald Hotels and the Murray Group.
Goals, which operates 50 sites including four in California, has also today engaged Deloitte to work with its current advisors and lenders in “assessing its future corporate options”.
It has had forensic accountants poring over its books since the errors were unearthed in March and has admitted that its delayed annual results will fall below expectations.
Deloitte will consider options for the company as it discusses its VAT issues with HMRC.
Shares in Goals had plunged until trading was suspended in another blow for Sports Direct boss Mike Ashley, who owns more than 18% of the firm.