KPMG faces protest over franchise collapse

"I am not a lawyer" but I would have thought that First Quench would have had a duty of disclosure about pending liquidation. There should perhaps have been (is ?)  a clause in the contract of sale about these matters.

The shop holder's assets were obtained under false pretences; surely the sale can only be said to have been sold if the transaction was completed ?

As someone who has been ripped off to the tune of almost £850,000 by a firm of chartered accountants, I know exactly what line of legalese BS will have been fed to Mr McCarthy by KMPG and how they will wriggle and squirm every which way to avoid making any payments they can get away with.

I also know the wall of silence Mr McCarthy will be greeted with if he tries to take this to the ICAEW and the barriers that will be thrown in his path should he seek redress through the Courts.

Albert Camus

...it sounds as though we are only being told part of the story.