Crossword Genius

Fellow is concealing a company - it's a disaster (6)

Ross

I believe the answer is:

fiasco

'it's a disaster' is the definition.
('fiasco' can be a synonym of 'disaster')

'fellow is concealing a company' is the wordplay.
'fellow' becomes 'F' (abbreviation - of a society etc.).
'concealing' is an insertion indicator.
'company' becomes 'co' (abbreviation).
'is' placed around 'a' is 'ias'.
'f'+'ias'+'co'='FIASCO'

(Other definitions for fiasco that I've seen before include "Debacle, a right mess" , "A ludicrous or humiliating failure, complete mess" , "Humiliating disaster" , "A hopeless mess or ludicrous failure" , "Ridiculous and total failure" .)

I've seen this clue in The Daily Express.
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