Carillion

A year after the collapse of construction giant Carillion, two of the UK’s biggest unions have warned that the government inaction is putting jobs at risk and could result in future corporate meltdowns. Carillion went into compulsory liquidation on 15 January 2018, with £7 billion of lia

Companies that provide critical government services will have to draw up “living wills” to avoid the public having to foot the bill if another major outsourcer such as Carillion collapses. New procurement measures unveiled by the UK Government yesterday will see key outsourcing firms inc

A detailed study has launched by the Competition and Markets Authority (CMA) to examine concerns that the audit sector is not working well for the economy or investors. As part of its review, the CMA will investigate whether the sector is competitive and resilient enough to maintain high quality sta

A record £1 million was paid out every day during the second quarter of the year to help firms cope with the non-payment of bad debts, largely reflecting claims from many of the firms affected by the collapse of the construction firm Carillion. Figures published by the Association of British Insure

Taxpayers are set to pay £65 million to former Carillion workers who were made redundant following the company’s collapse in January, according to Unite. The UK’s construction union made a Freedom of Information request to the Insolvency Service which revealed that the Redundancy Payments Offic

The UK’s largest union Unite has called for a public inquiry into the collapse of Carillion and for it to cover the UK government’s approach to the awarding of contracts, following the Dispatches programme shown this week. The programme included senior business analysts who described Carillion a

Agreements to transition the last of 278 contracts provided by Carillion to new service providers are now in place, signalling the end of the trading phase of the liquidation. An update from the Official Receiver has confirmed that the trading phase of the liquidation has come to a close almost seve

The UK government's “overriding priority” for outsourcing is spending as little money as possible while “forcing contractors to take unacceptable levels of financial risk” has been exposed by the collapse of Carillion, a committee of MPs said today. Releasing its latest report into the contr

The liquidation of Carillion is estimated to cost taxpayers at least £148 million while accountants and lawyers managing the process are set to earn £70m in fees, the National Audit Office (NAO) has concluded. In a report published overnight investigating the UK government’s handling of Carillio

Scottish Labour leader Richard Leonard has urged the Scottish Government to investigate “extremely serious allegations” regarding safety issues on the Aberdeen Western Peripheral Route (AWPR) construction project.

MPs have raised significant concerns about how the public sector manages contracts with major suppliers after documents revealed that ministers failed to respond to warnings regarding the financial health of Carillion months before its collapse. The Cabinet Office assesses each strategic supplier on

Galliford Try has indicated that the Aberdeen Western Peripheral Route (AWPR) remains on course for practical completion this summer but the firm expects to face additional costs due to delays. The £745 million project to build a 28-mile bypass around Aberdeen, already subject to delays and having

MPs have launched a scathing attack on directors at collapsed construction giant Carillion who they believe should face disqualification for being too busy “stuffing their mouths with gold” to worry about employees. In the final report of an inquiry into the spectacular failure of the company, t

An investigation into the financial wrongdoings at Carillion could still take months to conclude despite making “good progress”, the Financial Reporting Council (FRC) has reported. A team of lawyers and forensic accountants from the watchdog is investigating KPMG’s audit of Carillion from 2014

A further 129 former Carillion staff have secured ongoing employment by transferring to new suppliers, the Official Receiver has confirmed. The announcement brings the number of jobs saved to 11,618 since the company’s collapse in January.