Moulton to meet Cammell Laird
Cammell Laird is planning a meeting with Jon Moulton, head of venture capital company Alchemy Partners, to discuss purchase options for the troubled ship builder.
Moulton believes Cammell Laird can return to the profitability it enjoyed less than a year ago, before it was hit by the failure of two major contracts, according to a report in the Observer. He is said, however, to remain concerned over the shipbuilder’s thin order book.
Cammell Laird called in receivers this month following a series of cancelled orders, including the termination of a Pounds 50m cruise liner contract. More than 3,000 jobs are now thought to be under threat.
A high profile accountant, Moulton, who was short listed for at last year’s Accountancy Age Awards for Excellence, was involved in a controversial yet ultimately unsuccessful bid to buy Rover Cars from BMW.