L

Lord Leong (Lab)

Speaking in the House of Lords on 10 June 2025

Debate

Corporate Liquidations

Contribution

I thank the noble Lord for that question. All I can say is that in my long years of business I have learned one thing. Turnover is vanity; profit is sanity. If companies keep chasing turnover without the support of working capital, they will be on the first and pretty fast step to failure.

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