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I posted a long entry on a previous article about S+G, giving details of what I had found from looking at Companies House, and the ASX website.
In short S+G operates in the UK under several different entities, the two principal of which are Slater and Gordon UK LLP which appears to comprise the "traditional" law firms, and Slater Gordon Services Ltd which appears to comprise Quindell.
This would appear to give the opportunity of ring fencing the Quindell problem.
The accounts filed at Companies House are, of course, rather old, and do not show the current position.
The group accounts on the ASX website appear to show that in addition to the very large write down of the Quindell "Goodwill" the company made losses in the Australian operation, but also in both UK operations.
The appearance is that there has been a loss of control of the whole business, and it is going to take some turning around.
The balance sheet does not make pretty reading either.
Unfortunately postings on the previous article were being so heavily moderated that these factual comments never made it past the door keeper. I wonder if they will this time.