9 months ago
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Auditors warn about ability of firm employing 4,500 staff to operate without new funds from Chinese owner Jingye
British Steel’s financial footing has been thrown into question after auditors warned of “material uncertainty” over the struggling manufacturer’s ability to operate without a fresh cash injection from its Chinese owner.
The auditors at Moore Kingston Smith also unexpectedly resigned just days after the company released delayed financial filings for 2021. The auditor had only been appointed a year earlier.
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