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
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
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