Burmah Oil Company

Andrew M. McCosh and Michael J. Earl

Chapter 4 in Accounting Control and Financial Strategy, 1978, pp 25-37 from Palgrave Macmillan

Abstract: Abstract In the closing months of 1975, it was by no means clear whether the chairman, Mr Alastair Down, would succeed in preventing the liquidation of the company. Mr Down was named chairman in the early part of the year after an acute liquidity crisis had brought about the departure of several top executives. The Bank of England had guaranteed certain loans to the company, but only until the end of 1975.

Keywords: British Petroleum; Current Asset; Loan Agreement; Loan Stock; Bank Advance (search for similar items in EconPapers)
Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-15947-5_4

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DOI: 10.1007/978-1-349-15947-5_4

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