An unpublished report, commissioned by the board of the collapsed construction firm Carillion four months before its liquidation, has been released by MPs.
Quote:
|
The report, by independent consultants the firm hired, suggested Carillion had "aggressively managed" its balance sheet to make accounts look better.
|
Quote:
To help with cashflow, Carillion quadrupled payment terms on its subcontractors from 30 days to four months.
Some of those subcontractors now face bankruptcy.
|
www.bbc.co.uk/news/business-43275605
https://www.telegraph.co.uk/business...ings-finances/