Leading UK supermarket operator Tesco has cleaned up the accounts of two subsidiaries after errors were found in original filings to Companies House.
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The errors were in the accounts of Tesco Stores, the group’s primary retailing division, and Tesco Property. The Financial Times reported that the mistakes including an exaggeration of employee numbers and the level of debtors, and an understatement of property market values and administration costs.
Company secretary Rowley Ager said the group would resubmit corrected accounts.
