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Six UK Carillion businesses, including Carillion plc and Carillion Construction Ltd, were liquidated in the first phase. [66] On 19 January, Carillion (AMBS) Limited was placed in provisional liquidation, and on 25 and 26 January 2018 ten further UK companies went into liquidation.
- Carillion employed a lot of people. Carillion may not have been a household name, but it employed 43,000 staff globally, around half of these in the UK.
- It had major construction projects across the UK. Carillion's building contracts spanned the country. They included the planned HS2 high speed railway line, the Royal Opera House, the Library of Birmingham, the Tate Modern, and the hoop-shaped building of GCHQ.
- Its finances looked healthy - until recently. In 2016, Carillion had sales of £5.2bn and until July boasted a market capitalisation of almost £1bn. But it ran into trouble after losing money on big contracts and running up huge debts.
- The company collapsed under £1.5bn debt. The firm finally buckled in January 2018 under the weight of a massive £1.5bn debt pile. Despite discussions between Carillion, its lenders and the government, no deal could be reached to save the company.
- Carillion employed a lot of people. Carillion may not have been a household name, but it employed 43,000 staff globally, around half of these in the UK.
- It had major construction projects across the UK. Carillion's building contracts spanned the country. They included the planned HS2 high speed railway line, the Royal Opera House, the Library of Birmingham, the Tate Modern, and the hoop-shaped building of GCHQ.
- Its finances looked healthy - until recently. In 2016, Carillion had sales of £5.2bn and until July boasted a market capitalisation of almost £1bn. But it ran into trouble after losing money on big contracts and running up huge debts.
- The company collapsed under £1.5bn debt. The firm finally buckled in January 2018 under the weight of a massive £1.5bn debt pile. Despite discussions between Carillion, its lenders and the government, no deal could be reached to save the company.
Jan 15, 2018 · LONDON — The British government scrambled Monday to contain the damage as the country’s second largest construction firm was forced into liquidation after losing money on a series of contracts and...
Jul 28, 2022 · The FCA has imposed a public censure on Carillion, rather than a financial penalty, given the firm is insolvent and in liquidation. Were it not for Carillion’s financial circumstances, the FCA would have imposed a financial penalty of £37,910,000.
Mar 14, 2018 · On 25 January 2018, the court appointed the Official Receiver as liquidator of further Carillion entities. Special Managers have now been appointed to help the Official Receiver manage the affairs, business and property of Carillion Plc and twenty-six group companies.
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Jan 19, 2018 · On 29 September 2017, Carillion’s half-year financial statements revealed a total hit to the company’s worth of £1.2 billion – enough to wipe out the profits from the previous eight years put together.
