Carillion's demise was one of the most notorious failures of a major British company in the last decade.
"Its failings in subsequently managing them to generate profit was masked for a long time by a continuing stream of new work and… accounting practices that precluded an accurate assessment of the state of contracts." Greg Clark, the then business secretary, wrote to the Insolvency Service soon after Carillion's liquidation to seek an accelerated probe into the conduct of its former directors.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: nottslive - 🏆 96. / 52 Read more »