Hansom: It’s all in the timing

Hansom new 2008

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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