“Ahhhh, Ferranti....the company of FM1600B fame.....ask them for a dog and you get a cat with a conversion package. I once knew someone who worked for them in Edinburgh who stated that the company was making money hand over fist on military contracts, so the fact that they were going down the pan meant that someone/some persons within the collective was spending/losing money hand over fist as well!”
I think you’ll find the reason they hit trouble was a fraud involving International Signal, which had absolutely nothing whatsoever to do with Ferranti’s excellent staff or their products.
As for excessive profit, or any suggestion they were stiffing the MoD, I recall them turning down numerous production contracts the RAF tried to let on them. Well, would you want to see taxpayers money wasted on a 15 year spares buy for a radar that had gone out of service, knowing the money would be better spent on an in-service radar?