Yes that was quite interesting, though the reality of having to...

Yes that was quite interesting, though the reality of having to make increasingly large returns over time will inevitably come home to roost. I thought that there were a few fundamental points that confused me. I've no problems pushing accountability back to line managers but not having centralized HR and finance seems like a recipe for increased overhead costs. I've never heard of using that strategy as a way of reducing costs. Also very interesting questions of debt facilities, if you are in acquisition mode and the debt structures are very well priced why wouldn't you offer a more aggressive expansion role?