A ST Asaph accounting firm has ended its association with Bangor City amid growing concerns regarding how the club is managing its finances.

Salisbury Accountants had been examining the Citizens’ books following their relegation from the JD Welsh Premier League after failing to obtain an FAW Domestic Licence, but they have taken the decision to terminate their agreement after being left with more questions than answers in regards to their investigation.

The accountants raised concerns about a number of different financial issues relating to missing information on loans, VAT statements and other investments.

An 11-point document regarding the decision, listed; Inaccurate information provided in relation to loans provided to the club, No supporting evidence of loans from a previous director, Lack of supporting evidence in relation to monies introduced by a related party, Incorrect procedure taken in relation to shares issued, Inadequate accounting records in relation to income and expenses, Missing accounting records for periods during and post year end, Lack of evidence to support future loans providing the club with its going concern basis, No supporting evidence or third-party evidence to support transactions between related parties, Incorrect information given from the outset and material adjustments made once information had been requested to support balances, Inaccuracy in relation to input VAT claimed and Lack of accounting and internal control system.

The news comes as another blow to the club, who have endured a torrid time in recent months both on and off the field, and recently lost manager Craig Harrison who departed to take up the position of first team coach under Andy Morrison at Connah’s Quay Nomads.

They are currently 14 points behind runaway second tier leaders Airbus Broughton, but they won their last two contests in all competitions since director of football Stephen Vaughan Jnr took over at the helm until a suitable successor can be found.