It’s been three years since the collapse of Lex Greensill’s supply chain financing empire, and Sanjeev Gupta’s business GFG is still struggling to refinance. Several of its plants across Europe are in shutdown mode and others are fending off insolvency.

Closer to home, questions hang over the future of its steelworks in the South Australian town of Whyalla, which is running at a loss and shedding jobs. Local businesses complain they aren’t getting paid.