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Carillion

Carillion sanctions put supply chain finance disclosure back under...

The UK’s accounting regulator has sanctioned former Carillion finance chiefs, bringing supply chain finance disclosure back into focus after one of Britain’s most damaging corporate failures. The Financial Reporting Council said two former group finance directors, Richard Adam and Zafar...

#accounting#Carillion#corporate governance

Role of invoice factoring in insolvencies raised in Australia

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has acknowledged... (more…)

#Carillion#conference#insolvencies


PwC in bid to dismiss £25m claim from Providence...

PwC is trying to quash a £25m lawsuit in which it is accused of negligence for... (more…)

#bonds#Carillion#Deloitte


FCI comments on Moody’s article related to reverse factoring

“Some of you may have read the article from Moody’s “Reverse factoring’s rising popularity comes with high, but hidden, risks”: …

#Carillion#FCIreverse#forum


Why audits are not meeting investor expectations

Corporate failures such as Carillion and Patisserie Valerie demonstrate unequivocally... (more…)

#Carillion


Reverse factoring – CFO’s favourite cashflow weapon

The rise of the reverse factoring phenomenon has appeared on some investors' radars since the ... (more…)

#Carillion


Reverse factoring can make ‘dividend traps’ harder to spot

Investors should beware ruses such as reverse factoring, which... (more…)

#Carillion#international#management


Carillion liquidation proves to be very complex

The men leading the liquidation process of collapsed outsourced services provider Carillion spoke... (more…)

#Carillion#conference#insolvency


Atradius pulls entire credit cover from Debenhams suppliers

Debenhams will likely have to contend with upfront payments for its suppliers... (more…)

#Atradius#Carillion#Paid


Hedge funds that shorted Carillion now circle rival Kier

Some of the same hedge funds that took aim at Carillion Plc, the U.K. construction company that ... (more…)

#Carillion#conference#management


Santander ‘discloses £91m bad debt’ from Carillion reverse factoring

Santander UK’s impairment from the Carillion reverse factoring scheme totalled £91m (€103m),... (more…)

#bank#Carillion#invoice


Carillion used invoice finance to hide £500m debt

Carillion used its invoice finance early payment facility (EPF) to “hide the true extent of its massive debt”... (more…)

#bank#Carillion#invoice

UK small business commissioner’s “effectiveness is questioned”

The effectiveness of the government’s small business commissioner — appointed to tackle chronic problems of late payment to small suppliers…

#Carillion#late payment#payment practices

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