Quindell – The Great Unravel begins: RAC deal hits the buffers: FT – Questions of (lack of) cash

The Financial Times today reports that the much heralded Quindell (QPP) deal with the RAC has stalled big time. This is the start of the great unravel for at the bottom of it all is cash. Or lack of it. The FT states:

Quindell, the UK IT outsourcing services provider, has run into trouble over one of its biggest contracts, a joint venture with the RAC to put tracking devices in cars which was aimed at revolutionising the insurance industry.

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