This article points the finger almost exclusively at Liam Kavanagh and almost ignores Sean Clark, Thurrock’s Finance Director.
A bit of digging turned up this much longer article published a year ago and while Liam Kavanagh and his companies feature in it there’s also quite a bit more about Sean Clark’s role in all this.
In other longer articles you find out that it’s nowhere nearly a billion. The Solar Farms used to underpin the investments do exist and are productive. They have value in the hundreds of millions of pounds, but its apparently not quite enough to satisfy all of the bonds when they come do in 2025 and 2026.