EY will continue in its role as external auditor until the completion of the audit for the financial year ending 30 December 2018.

A formal recommendation regarding PwC’s appointment will be put to shareholders at the Company's Annual General Meeting to be held in 2019.

The appointment was worth £434,000 to EY, according to Domino's’ 2016 annual report – the most recent available – with £186,000 paid for non-audit services, including £20,000 for due diligence on an investment in Germany.

Domino's was one of a number of businesses which publicly admitted issues relating to the payment of dividends in contravention of the Companies Act 2006.

The pizza delivery company, along with furniture supplier Dunelm and investment group Hargreaves Lansdown were among those affected.

At the time, Domino's Pizza Group put out a statement saying it had ‘become aware of some issues in respect of the company's procedures for the payment of historic dividends, certain purchases of its own shares and assistance given to its employee benefit trust (the relevant distributions), which have resulted in an infringement of the Companies Act 2006 (or, where applicable, the Companies Act 1985).’

The statement went on to say that Domino’s has undertaken a thorough and detailed review of its reserves and is confident all issues have been identified and that the necessary procedural and administrative improvements have been implemented.

The company held a general meeting on 10 January 2017, where a special resolution was proposed putting all potentially affected parties in the position which they were intended to be in had the relevant distributions been made in accordance with the full requirements of the act.

Domino's Pizza Group's annual report for 2016 is here.

Report by Calum Fuller