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26May94 UK: UCATT HITS FRESH CASH CRISIS.

Construction union UCATT must borrow another £800,000 from bankers to survive.That is the verdict of top accountant KPMG Peat Marwick in a secret report on the financially crippled union whose overdraft could rise to £2.4 million.The document states: 'The bank is being asked to significantly increase its exposure to potential loss.'Viewed from a purely commercial perspective there is a very strong argument for the bank declining to provide any additional facility over and ...

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