Poundland revenue overstated by £60m ahead of £1 takeover

Poundland overstated its revenues by £60m in the run-up to its £1 sale to Gordon Brothers, newly filed accounts have revealed.
A review carried out as part of the discount retailer’s takeover uncovered a series of accounting errors, including sales between its UK business and operations in the Republic of Ireland and Isle of Man being incorrectly counted as external revenue, The Times reported.
The adjustment related to Poundland’s financial year ending September 2024 and