re: just how much trouble are they in - watch my posts and you wouldn't buy this one. There is a BIG problem here and it ain't bin solved yet.
A margin of 1.5% on 1.1 billion turnover . . . think about that.
Profit is a very small number between two very large numbers. The issue is "buying" work without the capacity to delvier. Wanton destruction is what it is called. Asset sales required . . like start with the company BMW's