Source · Select Committees · Business and Trade Committee
Recommendation 6
6
Paragraph: 50
The reputation of Liberty Steel UK has been threatened by the poor audit and accounting...
Conclusion
The reputation of Liberty Steel UK has been threatened by the poor audit and accounting practices of GFG Alliance, including the changing of accounting deadlines and its inability to produce consolidated accounts. As these accounts are yet to be published it is difficult to see the true financial picture of Liberty Steel UK. Unless remedied, these deficiencies severely limit the potential of that firm to be viewed as a reliable partner in any long-term strategy for the UK steel industry.
Paragraph Reference:
50
Government Response
Acknowledged
HM Government
Acknowledged
Liberty Steel and the Future of the UK Steel Industry: Government response 5