Aquisition video, page-14

Krispy I don't think either of those facts necessarily support the argument (and I am on your side remember). Goodwill impairment to a large degree also reflected the proposed UK regulatory changes and that clearly wasn't Quindell's fault. As for negative CFO, it acquired a business that was something like 2x larger than what it was pre-acquisition. Think of all those additional BAU costs not to mention the one-offs that were taken to reorganise the entire UK operation.