Construction recruitment firm Hays has made a £30.4m provision for a fine it received from the Office of Fair Trading (OFT) last year.
The penalty was handed out by the OFT to six recruiters for price-fixing and the collective boycott of another company in the supply of candidates to the construction industry.
A statement from the firm said: “Hays co-operated fully with the OFT in its investigation under the leniency regime and was fined £30.4m. The Group is appealing the decision and whilst in progress, the £30.4m fine is being held on deposit by Hays.
“The fine has not yet been paid and a current liability of £30.4m is held on the balance sheet within trade and other payables, pending the outcome of the appeal.”