Company News 

Redcentric cleans up, but struggles remain

Redcentric cleans up, but struggles remain

Redcentric (RCN) offers a masterclass in dealing with accounting faults. Just 12 months have passed since the internet services group first revealed it wrongly reported profits and debt, and in that time the finance team has been replaced, £2m of costs have been taken out of the business, and adjusted operating cash flows have improved by 64 per cent.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now