Teaser 2529: [Cost estimates]

From The Sunday Times, 13th March 2011 [link] [link]

A letter to The Times concerning the inflated costs of projects read:

When I was a financial controller, I found that multiplying original cost estimates by 𝛑 used to give an excellent indication of the final outcome.

Interestingly, I used the same process (using 22/7 as a good approximation for 𝛑). On one occasion, the original estimate was a whole number of pounds (less than £100,000), and this method for the probable final outcome gave a number of pounds consisting of exactly the same digits, but in the reverse order.

What was the original estimate?

When originally published the amount was given as “less than £10,000”, which was raised to “less than £100,000” in the following issue. But even with this change the puzzle is still open to interpretation.

This puzzle was originally published with no title.

[teaser2529]