Key facts
- Brompton Bicycle is suing its former accounting and tax advisor, AAB Group, for professional negligence.
- The legal action was filed in London's High Court.
- The defendants include AAB Business & Tax Advisory LLP, AAB Customs, and Woodward Trade Consulting.
- AAB ceased working for Brompton Bicycle in January 2024.
- The case is being handled by the Commercial Court, indicating a high-value claim.
Folding bicycle manufacturer Brompton Bicycle is initiating legal proceedings against its former accounting and tax advisory firm, AAB Group, alleging professional negligence. The lawsuit has been filed in the High Court in London.
The defendants named in the case are AAB Business & Tax Advisory LLP, AAB Customs, and Woodward Trade Consulting. AAB Business & Tax Advisory handles general consulting, accounting, and tax services, while AAB Customs focuses on customs duties, indirect tax, and global trade, a service expanded around the time of Brexit. Woodward Trade Consulting, managed by Paul Woodward, was dissolved in June 2025. Woodward also served as a senior customs consultant at AAB from August 2022 to February 2024.
City AM has learned that AAB's engagement with Brompton Bicycle concluded in January 2024. While the specific details of the professional negligence claim are not yet public, the case has been submitted to the Commercial Court, a division of the High Court that typically handles complex and high-value disputes, with claims generally expected to exceed £3 million.