“Bosses at Britain’s largest private construction business enjoyed a sharp rise in payouts last year despite ongoing losses and a bumpy refinancing that forced it to file its accounts months after the legal deadline.
Five directors at Laing O’Rourke, which has worked on major projects such as Crossrail and Heathrow Terminal 5, were paid £3.4m in salaries and short-term incentives in the year to March 2018, compared with just £1.6m in the previous 12 months.
The accounts were due to be filed in September but auditors refused to sign off on the company as a going concern until it refinanced £177m of debt in its UK business. …”
https://www.telegraph.co.uk/business/2019/02/24/bumper-pay-day-bosses-loss-making-laing-orourke/
East Devon Watch 