DTZ would have'run out of cash by January' says report...

摘要

A report to creditors of DTZ has highlighted the desperate state the company was in before its "prepack" administration sale to UGL last December.The report, seen by Property Week, was compiled by administrators at Ernst & Young and will be made public shortly. It revealed the company was facing a "liquidity crisis" in October last year, which meant it had to draw down "emergency financing" to meet its liabilities.