Source · Select Committees · Business and Trade Committee
Recommendation 6
6
Not Addressed
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.
Government response summary AI-generated
The government's response is only a title and does not address the committee's conclusion regarding Liberty Steel UK's poor audit and accounting practices.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
50
Government Response
Not Addressed
HM Government · verbatim extract
Not Addressed
Liberty Steel and the Future of the UK Steel Industry: Government response 5
Read the full response on Parliament ↗