Richard Bates

Director of Forensic Accounting

Richard Bates

Director of Forensic Accounting

T: 020 3940 6114

E: richard.bates@honeycombpsg.com

Richard is a forensic accountant with 15 years of experience, working on all manner of civil, criminal and regulatory cases. He specialises in shareholder disputes, partnership disputes, loss of profit claims, fraud investigations, insolvency investigations, business valuation, confiscation hearings and personal injury claims.

Richard has been involved in over 300 cases, giving advice and preparing expert witness reports in both civil and commercial litigation. He undertook a secondment to the Serious Fraud Office from October 2012 to May 2013.

As well as being a Fellow of the Institute of Chartered Accountants in England and Wales, Richard is a Practicing Associate of the Academy of Experts and an Associate Member of the Association of Certified Fraud Examiners.

Recent work

• Leading an investigation into an AIM Listed company fraud, which found additional other suspicious transactions which once investigated, led to uncovering further evidence of fraud;

• Leading an investigation into the collapse of an advertising company, looking at both the events leading up to administration and the actions of the officers of the company in this period;

• Reviewing the business plan and financial projections put forward to prospective investors, where our review uncovered serious flaws in the projections and the underlying assumptions;

Leading a team that had been instructed to reconstruct the accounts of a property joint venture, where a party challenged the fact it was showing a loss. We found numerous transactions that helped show the venture was profitable and the client won their claim;

• Leading an investigation into the trading activities of an alcohol importing company on the behalf of the administrators, finding unreported sales for two years and multiple undervalued transactions involving third parties;

• Undertaking an investigation into the financial activities of a client’s recently acquired subsidiaries to work out how a black hole of £2m originated and how it was hidden during the acquisition;

• Working for a criminal case defendant accused of theft, we reviewed the businesses accounts raising concerns on their accuracy and the system itself to raise doubts if the theft took place.