Explore the reasons behind the collapse of the company, Patisserie Valerie in the UK. In your analysis, include a critical evaluation of the company’s degree of compliance with the UK Code of Corporate Governance, 2016 version.


The UK Code of Corporate Governance can be found on the Financial Reporting Council (FRC) website (www.frc.gov.uk) or on the module page on MOODLE. To know how your assignment should be structured and the required content in each section, please see the recommended assessment structure in this guide.

Students are required to support their arguments with evidence from credible sources including academic articles, professional articles, or regulatory reports. All sources used in your assignment have to comply with the Harvard Referencing Guide.


Recommended Assignment Structure
Your individual assignment should follow the following structure.
I. Overview of Patisserie Valerie
In this section, you need to provide an overview of the Company including:
 The company’s industry
 The size of the company
 Who owns the company
 DO NOT forget to acknowledge the sources used (i.e. minimum of three credible sources). Only credible sources should be used.

II. The Collapse of Patisserie Valerie
In this section, you need to explain:
 How did the company collapse? i.e. What happened?
 Why did the company collapse? i.e. What are the reasons behind this collapse?
 How did the company’s collapse come to light? i.e. How did the public know about the company’s collapse?
 What is the amount and impact of loss as a result of the company’s collapse?
 DO NOT forget to acknowledge the sources used (i.e. minimum of five credible sources). Only credible sources should be used.

III. The extent of Patisserie Valerie’s compliance with the UK code
In this section, you need to explain:
 To what extent the company has complied with the 2016 code of corporate governance in the UK? i.e. what are the principles and the provisions of the code that the company has complied with? And what are the principles and the provisions that the company has not complied with?
 Do you think the collapse of the company was a result of corporate governance failure? Explain and justify your answer
 Critically evaluate the role of the company’s external auditors in this collapse. Do you think the auditors have done enough? Explain and justify
 DO NOT forget to acknowledge the sources used (i.e. minimum of five credible sources). Only credible sources should be used.

IV. What are the lessons learned from the collapse of Patisserie Valerie?
In this section, you need to express your opinion on what should be learnt from the collapse of Patisserie Valerie. Examples: Do you think specific regulations need change, why, and how? What do you think was the main cause of this collapse based on your own personal opinion?

V. References (Not in the word count)
In this section, you MUST provide all the sources used in your work. Please follow the Harvard Referencing guide for referencing. All sources have to be alphabetically ordered.