PracticeConsultingTaking Stock – Bloom shunted into new job.

Taking Stock - Bloom shunted into new job.

So Railtrack’s finally gone the way of all flesh. Surprise surprise.

With more than #3bn worth of debt it was only a matter of time before the Railtrack crew were told it was the end of the line.

But a wry smile crossed the face of TS this week when we noticed who is to be administrator of the stricken rail operator – none other than Alan Bloom, Ernst & Young’s corporate undertaker extraordinaire. Bloom you’ll remember is the man who put more than five years into the liquidation of Barings Bank before recently being ousted by creditors. Back then he told us he’d have ‘time on his hands’. Not now Al.

On the same issue many of the papers rushed to point out that Nick Montagu, chairman of the Inland Revenue, headed the project team that brought privatisation to the railways. Pity the poor accountants who wrestle with tax returns and commute by train. ?:

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer