BUSINESS

Watchdog scolds developer over £94m accounting error

Galliford Try overstated its assets by tens of millions via a number of errors.

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By Martin Ford | 13 March 2020

A watchdog has ordered a developer to amend its accounts after it overstated its assets by £94m.

Shares in Galliford Try fell sharply on the back of the news while the withdrawal of a promised shareholder payout by fellow developer Berkeley Group also caused its market value to plummet.

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Martin Ford

Popular articles by Martin Ford

  1. Councils brace for reorganisation push
  2. Ombudsman calls for more powers
  3. Call for courage over failing council finances
  4. Government will 'not hesitate' to intervene in planning
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