{"id":14543,"date":"2019-03-12T20:15:50","date_gmt":"2019-03-12T20:15:50","guid":{"rendered":"https:\/\/www.icebreakerexecutive.com\/?p=14543"},"modified":"2019-03-12T20:15:50","modified_gmt":"2019-03-12T20:15:50","slug":"kiers-balance-sheet","status":"publish","type":"post","link":"https:\/\/winningthinking.co.uk\/?p=14543","title":{"rendered":"Kier’s balance sheet"},"content":{"rendered":"

Kier’s balance sheet looks like its heading for a trouble. The demise of a construction company’s financial governance is highlighted by 1. over valuing work in progress, and 2. undervaluing the cost to complete… These financial misfeasances eventually cause a cash crisis. The success of construction companies is all about understanding getting the 1. basics right: the financial model and its GM to support its core business, taking on the right work, effective team work 2. cultural right: putting aside the macho aspects to get financial reporting at all levels and accountability. As MD of the construction turnaround in the Midlands I banned swearing! – that cost nothing but caused a major positive cultural shift. Funding these financial gaps aka Carillion just masks the issues. Desperation to grow or MORE like retail is a real underlying problem. hashtag<\/span>#<\/span>construction<\/span><\/span><\/a> hashtag<\/span>#<\/span>turnaround<\/span><\/span><\/a> hashtag<\/span>#<\/span>leadership<\/span><\/span><\/a><\/p>\n

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Kier in shock debt restatement<\/a><\/p><\/blockquote>\n