Compensation of more than £1m is being sought by the company behind the T-Cut and CarPlan vehicle care brands for damages it said were caused by delays to its audit, according to reports.
Rochdale-headquartered Tetrosyl sent a formal complaint to the senior partner of its audit firm BDO last week, The Times said.
It has been reported that a nine-month wait beyond the deadline to file its accounts led to Tetrosyl’s directors facing criminal proceedings from Companies House.
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The business is owned by chairman Peter Schofield and has been in established for almost 70 years.
It employs more than 1,100 people and turnover over £207m in the 15 months to March 31, 2020.
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When contacted by BusinessLive, a BDO spokesperson said: "Due to reasons of confidentiality, we are unable to comment on client matters."
Tetrosyl has also been contacted for comment.
The group's brands also include Carlube, Triplewax and Stag Tools.
