The Official Report is a written record of public meetings of the Parliament and committees.
All Official Reports of meetings in the Debating Chamber of the Scottish Parliament.
All Official Reports of public meetings of committees.
Displaying 3032 contributions
Public Audit Committee [Draft]
Meeting date: 25 February 2026
Colin Beattie
:What exactly has it been doing? I assume that it is fairly costly.
Public Audit Committee [Draft]
Meeting date: 25 February 2026
Colin Beattie
:Are you satisfied that the board is now receiving adequate information to be able to respond to and properly scrutinise the challenges that it is facing and to hold the senior leaders in the team to account?
Public Audit Committee [Draft]
Meeting date: 25 February 2026
Colin Beattie
:I have one last question for Ayrshire and Arran. What progress have you made on getting a permanent chief executive?
Public Audit Committee [Draft]
Meeting date: 25 February 2026
Colin Beattie
:You heard my earlier questions about the Ayrshire and Arran board’s skills, experience and willingness to challenge. Are you satisfied that you have the right skills and experience on your board and that you have people who are prepared to challenge?
Public Audit Committee [Draft]
Meeting date: 25 February 2026
Colin Beattie
:I would like to explore more recent developments in relation to finance and so on. Excuse me if I jump around a wee bit on this.
Back in March 2021, when Greensill Capital went into administration, GFG Alliance needed to refinance debt of approximately £5 billion across its companies. That was refinancing the debt, not restructuring it. Does it still hold that it is refinanced rather than restructured? The debt in 2021 was £5 billion. What is it now?
Public Audit Committee [Draft]
Meeting date: 25 February 2026
Colin Beattie
:The original amount that needed refinancing was £5 billion. Has that increased?
Public Audit Committee [Draft]
Meeting date: 25 February 2026
Colin Beattie
:You mentioned the optimism back in February 2025 that an agreement had been reached with the creditors of Greensill, which was subject to final binding legal agreement. However, from what you say, the settlement did not happen.
Perhaps that explains the issues around Liberty Steel, because that was going to be restructured and fresh capital was going to be put in. I am going on the basis of newspaper reports. I seem to recall that there was an issue with Liberty Steel in relation to providing steel under a contract—I think that it was a naval contract—because it did not have the capital or the cash flow to pay for the raw materials to produce the steel. Am I remembering that correctly?
Public Audit Committee [Draft]
Meeting date: 25 February 2026
Colin Beattie
:Linked to that, are any of these entities still subject to refinancing?
Public Audit Committee [Draft]
Meeting date: 25 February 2026
Colin Beattie
:The report states:
“To help with the board’s leadership capacity, the Chief Executive worked with the Scottish Government to secure external support (Viridian Associates) from August 2024”.
Is that company still working with you?
Public Audit Committee [Draft]
Meeting date: 25 February 2026
Colin Beattie
:To go back to what I originally said about the constraints on leadership capacity, the constraints seemed to be linked to a vacancy in the acute director role, but that cannot have been the sole reason for a lack of leadership capacity, otherwise you would not have had consultants working with you for such an extended period.