Carillion “aggressively managed” accounts to stave off collapse
Carillion “aggressively managed” its accounts and caused untold problems for its sub-contracted supply base even before its collapse by quadrupling its payment period.
The situation emerged following the publication by the joint parliamentary committee investigating the group’s collapse of an until-now, secret document commissioned by the Carillion board towards the end of last year which it intended to present to potential lenders but was never used.
The 96-page report, produced by FTI Consulting and dubbed Project Ray, s... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
