鈥淚 am so fed up with this process鈥 was the verdict of one person involved in the fraught Taylor Wimpey debt talks this week
They were referring to the latest delay in signing off a restructuring deal that has been more than six months in the making.
It had been expected that pen would be put to paper this month after chief executive Pete Redfern alluded to the date in a leaked email to staff in December. But now frustration is clearly setting in (although not to the extent that anyone is suggesting the plug will be pulled).
The source likened the rescue deal to a 鈥淲ar and Peace saga鈥, adding that more urgency from the accountants crunching Taylor Wimpey鈥檚 numbers would have helped.
There is a further set of numbers to be examined next week, which the source said should be the last hurdle 鈥 with the emphasis on ther word 鈥渟hould鈥. They added: 鈥淭o tell you the truth this has been so numbing that I don鈥檛 even know if they are monthly or weekly figures.鈥
One City analyst said: 鈥淚t doesn鈥檛 surprise me things are taking so long. The company is an amalgamation of a load of other companies and has pretty poor management and accounting systems.鈥
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