Hansom: It’s all in the timing

By Hansom2018-05-25T06:00:00

Carillion’s former finance boss is recognised for his judicious timing, while Willmott Dixon’s snapper captures just the right moment (smile!)

Hansom new 2008

It wasn’t me

I was struck by the tone Carillion’s former finance director Richard Adam took in the wake of last week’s parliamentary report into the firm’s collapse. He felt it necessary – just for the record – to point out he had left it “over a year before Carillion went into insolvency” in December 2016. Seven months later the firm made a writedown of £845m – so around £140m a month between January last year and 10 July, the day of the writedown. Just for the record, the MPs’ report said about Adam: “His voluntary departure at the end of 2016 and subsequent sale of all his shares were the actions of a man who knew where the company was heading.”

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