Ernst & Young administrators have found a ruby, cited as the Gem of
Tanzania, reportedly worth £11m on the books of Wrekin Constructions, the
building firm which collapsed last week costing 400 staff their jobs.
E&Y is unclear why the gem was bought by the company’s directors.
The firm said it was ‘too early to comment’ on the gem’s history of ownership
or reports that it was bought to inflate the value of Wrekin’s assets,
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
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK