Severn Trent Water "It's all perfectly legal"
Severn Trent Water "It's all perfectly legal"
"One of England's top-rated water companies is using an accounting trick to artificially inflate its balance sheet by more than a billion pounds, BBC Panorama has discovered.
Severn Trent Water claims that an investment is worth £1.68bn in its accounts, when in reality it has no value to the overall business."
www.bbc.co.uk
"The complex accounting trick started in March 2017 when a shell company, with no money or assets, called Severn Trent...
Read more
by JohnD
This has been automatically posted in the DIYNot Forum on DIY Talk. The new DIY Forum
Severn Trent Water "It's all perfectly legal"
"One of England's top-rated water companies is using an accounting trick to artificially inflate its balance sheet by more than a billion pounds, BBC Panorama has discovered.
Severn Trent Water claims that an investment is worth £1.68bn in its accounts, when in reality it has no value to the overall business."
Major water company uses accounting trick to inflate balance sheet by £1.68bn
A substantial Severn Trent Water investment is based on IOU notes - BBC Panorama finds.www.bbc.co.uk
"The complex accounting trick started in March 2017 when a shell company, with no money or assets, called Severn Trent...
Read more
by JohnD
This has been automatically posted in the DIYNot Forum on DIY Talk. The new DIY Forum