The Bottom Line
It was announced today that the chemical giant Emronia UK is to be
investigated. This follows an which revealed problems in the
company’s . A company spokesperson said that annual
for
the past five years had given a and fair picture of Emronia’s
financial position. He stressed that the company follows British accounting
. But expert commentators are not convinced. Last year, Emronia
reported a pre-tax of £29.6 million but many think that this was due
to accounting - or worse. Giles Merchant, advisor to me Stock
Exchange, said that the company was bleeding red
but had hidden the
size of its liabilities.