Section 487(2)

Where no auditor has been appointed by the end of the next period for appointing auditors, any auditor in office immediately before that time is deemed to be re-appointed at that time, unless— he was appointed by the directors, or the company's articles require actual re-appointment, or the deemed re-appointment is prevented by the members under section 488, or the members have resolved that he should not be re-appointed, or the directors have resolved that no auditor or auditors should be appointed for the financial year in question or the auditor’s appointment would be in breach of section 485C.

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Source: legislation.gov.uk · retrieved 2026-09-04