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Conceal financial problems

Accusations that HS2 bosses ‘concealed’ financial problems-10 areas to validate your project reporting

The cross-party public accounts committee (PAC) has reportedly ostracised senior government officials for holding back evidence – by as much as eight months – that Europe’s biggest infrastructure project, HS2, was in serious financial difficulty and they allegedly knew full…

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Deloitte fined £15m for alleged lack of due care and attention; 4 observations

“After lengthy, fully contested proceedings, the Tribunal concluded that the audit work fell significantly short of the standards expected of an audit firm and its partners.” These are reportedly the words of the Financial Reporting Council’s Executive Counsel Elizabeth Barrett…

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Government trade credit backstop attempts to protect UK supply chains

The government has introduced a number of schemes during the Covid-19 pandemic to minimise risks that might otherwise have resulted in the economy grinding to a halt. Ongoing reports on the economic outlook of the country may look pretty bleak…

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Costain Construction’s £100m rights issue: 4 steps to minimise impact caused by your financially challenged supplier

Over the last few years a number of infrastructure and construction solutions organisations have reportedly been experiencing financial challenges, well before the recent pandemic took hold. In recent news, infrastructure giant Costain Construction has also announced a financial rights issue.…

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NAO states MoD fails to mitigate £1bn in extra costs; 6 insights to inform your complex project so it is on time & budget

The bedrock of Britain’s nuclear defence programme is Trident’s Continuous At-Sea Deterrence (CASD). The principle is that at all times, there will be at least one nuclear submarine at sea on patrol. However, a recent National Audit Office (NAO) report…

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Ex-Serco Directors Charged with Fraud; 3 due diligence points to prevent misleading supplier reporting

How much do you know about what’s really going on with your strategic supplier relationship? Do you trust your supplier implicitly when they report on progress against your business outcomes, send through requests for payments and inform you of costs?…

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2e2 Logo

3 Things 2e2’s Administration Can Teach You About Disaster Avoidance

After close to a month of uncertainty it was revealed last week that Daisy Group PLC has entered into an agreement to assume control of 2e2’s datacentre business unit. It was revealed late last month that 2e2 had gone into administration…

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Free eBook: 8 Steps to Improve Outsourcing Performance

This 43-page guide will show you 8 little-known ways to help you to improve outsourcing performance

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improving outsourcing relationships
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Making Strategic Supplier Relationships Work - Best Practice Group

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