WS Atkins has been hit by £25m in late payments in its Middle East division.
In a trading update the construction firm said late payments had risen to
£25m in the region, amounting to around half of its Middle East revenues in the
first three months of 2009.
Chief executive Keith Clarke said the region had been affected by short term
liquidity issues rather than longer lasting problems, reported
‘We still have not written this money off, nor are we carrying bad debts,’
said Clarke. ‘If you’re a performing company there are still projects out there
you can win at sensible margins.’
The firm also appointed a new
FD, Heath Drewett, who takes on the role from Robert Macleod in
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy Age Jobs is delighted to announce the launch of a brand new look website for finance and accountancy professionals