Barry O’Callaghan has borrowed heavily to fund his company’s expansion, but his banks are struggling to sell on the debt.
Companies sometimes behave like Christmas shoppers: when they see something they fancy, they aren’t necessarily constrained by their own modest incomes; they simply spend, spend, spend and pay off the bills later.
Financier Barry O’Callaghan’s Riverdeep is a case in point. The educational publisher of which he is chief...
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