Capita sign outside offices in Bournemouth. The company has seen its shares plunge to a 15-year low after a warning over profits, January 31, 2018. Andrew Matthews/ Press Association. All rights reserved.What a week. On Tuesday (30 Jan) the UK parliament’s independent financial watchdog described in a withering report how the Ministry of Defence was up to £4.2bn worse off by selling married quarters to the private company, Annington Property.
The National Audit Office said the MoD seriously underestimated the likely rise in house prices when it made the sale and leaseback deal with the company managed by Guy Hands’ Guernsey-based Terra Firma group. It added that the MoD was paying rent on more than 7,000 empty houses at a cost of more than £30m a year and some homes had been receiving “the minimum acceptable level of maintenance”.
