Some of Britain’s best known private equity-owned companies, including Punch Taverns, London City Airport and McCarthy & Stone, the retirement homes builder, continue to flout disclosure guidelines in spite of being named for the same failings two years ago.
Eleven UK companies owned by private equity were cited by a panel set up under the Walker Review for their refusal to take part in disclosing data. Others included Pure Gym and Amey, the engineering group.
The criticism came from the Private Equity Reporting Group, set up after the 2009 review by Sir David Walker to attempt to address concerns that big private equity-owned employers were failing to disclose basic information about their finances, the taxes and wages they paid and non-financial metrics such as