Connaught accounting issues may dent sell-off plans
Issues with Connaught's accounting for contracts could dissuade investors from snapping up parts of the company
FTSE 250 company Connaught’s accounting issues could dent its sell-off plans.
The move to sell parts of Connaught’s business is one possible option being
considered to ease its debt problems, but potential buyers may take a dim view
of the situation,
the
FT reported.
The property services company has called in Deloitte to undertake a review of
its accounting practices in the wake of its problems.
Further reading:
Connaught
finance director steps down