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Corporate Travel Management Overcharged UK £118M, Returns £12M

4/23/2026

Summary

Story summary

Corporate Travel Management disclosed that it had overcharged the UK government by £118 million.
The excess charges came from a 2021 contract to supply hotel quarantine rooms.
CTM has returned £12 million to the government.
CTM is negotiating a phased repayment after a forensic audit revealed the overcharges.
The firm dismissed its UK chief executive in December and overhauled leadership while retaining a £550 million Home Office asylum-seeker contract.

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Story summary

Corporate Travel Management disclosed that it had overcharged the UK government by £118 million.
The excess charges came from a 2021 contract to supply hotel quarantine rooms.
CTM has returned £12 million to the government.
CTM is negotiating a phased repayment after a forensic audit revealed the overcharges.
The firm dismissed its UK chief executive in December and overhauled leadership while retaining a £550 million Home Office asylum-seeker contract.