Ministers poised to nationalise second steel firm Industrials The government is poised to take the UK’s third-largest steelworks into public ownership, after months of talks to find a buyer broke down. Business secretary Jonathan Reynolds said on Monday that ministers would seek to use recently ratified legislation to nationalise Speciality Steel UK (SSUK) from failure, a matter of weeks on from a similar [...]
Auditor MHA queried source of funds in Sanjeev Gupta-owned firms before resigning Business MHA queried the source of funds for various intercompany transactions before resigning from an engineering firm owned by metals magnate Sanjeev Gupta, City AM can reveal. The London-listed accounting firm has stepped down as auditor of Wolverhampton-based Clydesdale Engineering, an automotive and defence manufacturer owned by Gupta’s Liberty Steel Group, part of his GFG Alliance [...]
Auditor MHA resigns from Sanjeev Gupta-owned engineering firm Business MHA has resigned as auditor for a subsidiary of the beleaguered metals group controlled by tycoon Sanjeev Gupta, City AM can reveal. The London-listed accounting firm has stepped down as auditor of Wolverhampton-based Clydesdale Engineering, an automotive and defence manufacturer owned by Gupta’s Liberty Steel Group, part of his GFG Alliance conglomerate. MHA declined to [...]
Mark Kleinman: Gupta steeled for high-wire act to end without Liberty August 28, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Gupta steeled for high-wire act to end without Liberty It’s crunch time – again. For Sanjeev Gupta, brushes with insolvency are nothing new. The steel tycoon has turned the process of snatching victory from the jaws of [...]
PwC fined £4.5m over audits of Gupta-linked bank Wyelands March 25, 2025 Big Four firm PwC has been fined over £4.5m for its audits of Sanjeev Gupta's Wyelands Bank.
Sanjeev Gupta: Steel tycoon faces criminal charges over missing accounts for 76 firms October 10, 2024 Steel tycoon Sanjeev Gupta faces multiple criminal charges over allegedly failing to file accounts in the UK for 76 companies
Sanjeev Gupta’s GFG Alliance still owes Greensill Capital nearly £500m April 17, 2024 The administrators for Greensill Capital are still owed around $587.2m (£472m) from Sanjeev Gupta’s GFG Alliance, it has been revealed.