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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.

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