Carillion files for liquidation after lending talks fail

Jon Ashworth
Image Jon Ashworth warned the NHS winter crisis could get work
Author

16 January, 2018

This means the government will now be forced to provide funding to maintain Carillion's public services.

"In recent days, however, we have been unable to secure the funding to support our business plan and it is therefore with the deepest regret that we have arrived at this decision", he added.

The demise of the 200-year-old business "poses a major headache for Theresa May's government, which has employed Carillion to work on 450 projects including the building and maintenance of hospitals, prisons, defence sites and the country's new superfast rail line", says Reuters.

"This would be the last thing we need in the NHS if Carillion went under and it impacted on patient care".

Carillion has announced it is going into liquidation after the May government refused to bail out the construction and public services company.

How was analysis of due diligence procedures incorporated into decisions to offer Carillion government contracts worth almost £2bn in total following the issuing of the company's first profit warning?

Ibuprofen Could Make Healthy Men In Just Two Weeks
Aspirin, the best-selling NSAID on the US market, was initially linked to stomach problems but was thought to be otherwise safe. No direct effect on fertility was shown, but the results of this initial study suggest that it warrants further investigation.


Prince Harry, Meghan Markle bundled up for visit to a radio station
They also met with people who explained Reprezent's employment and skills development programs for youth. Station founder Shane Carey said news of their visit had caused "massive excitement" in the area.


HTC Launches Viveport VR
The unit is supposed to be available to existing owners this quarter, with a standalone bundle to come later in the year. Additionally, HTC announced an update for Viveport that will replace the existing 2D catalog the service provides.


Nearly half of them are in the United Kingdom, though Carillion has a presence also in Canada and the Middle East.

One minister said that it was regrettable Carillion could not find financing options amongst its lenders, but the taxpayer should not be expected to foot the bill for a company in the private sector.

Paul Nowak, deputy general secretary of the Trades Union Congress, said the Government needed to "guarantee jobs and services" amid uncertainty over the future of the firm and "explain how they let this mess happen". This will involve either transferring Carillion hard FM staff to a newly contracted company or to our own internal staff agency, as an interim measure to ensure work can continue and staff can continue to be paid.

Bernard Jenkin, Conservative Chairman of the House of Commons Public Administration Committee, said the collapse "really shakes public confidence in the ability of the private sector to deliver public services and infrastructure". The government will fund existing public services contracts.

Economy secretary Keith Brown said the Scottish Government has been working to manage or eliminate risks associated with Carillion's difficulties since July a year ago.

"In the meantime - as emergency meetings take place between officials - employees of Carillion, pension-holders and taxpayers will want assurances that financial protections are in place in the event the supplier experiencing further financial difficulties".


More news


  • Donald Trump: 'DACA Is Probably Dead'

    Donald Trump: 'DACA Is Probably Dead'

    Echoing dozens of Democrats, Lewis said he would not vote for any government spending measure until the dreamer issue is settled. Durbin of IL , told reporters Friday that Trump had used the vulgar word "not just once but repeatedly" during the meeting.
    Gasoline prices move up in the new year

    Gasoline prices move up in the new year

    California drivers paid $2.55 for regular unleaded gas to begin 2015, but by May were paying above $3.70 per gallon. Oil has surpassed $62 a barrel for the first time since December 2013 due to oil supply tightening up.

    Olympics keeping door open for North Korea

    As for Trump's tweet, she said, "I think that he always has to keep Kim on his toes". South Korean President Moon and U.S.
  • House rejects limits on surveillance program after confusion from Trump tweets

    House rejects limits on surveillance program after confusion from Trump tweets

    Critics contend that the extension will be used by government agencies to spy on Americans without warrants. Trump's first tweet on the topic Thursday appeared to encourage lawmakers to support limiting the law.
    No charges for teacher who was removed from Vermilion school board meeting

    No charges for teacher who was removed from Vermilion school board meeting

    During the public portion comment of the Vermilion Parish School Board's meeting, English teacher Deyshia Hargrave spoke up. After the board approved the raise, Hargrave was again recognized by the board and voiced her frustrations.
    The Weeknd dumps H&M after monkey sweatshirt ad

    The Weeknd dumps H&M after monkey sweatshirt ad

    The clothing chain has pulled the ad and issued an apology , which was obtained by Buzzfeed News. The damage, however, had already resulted in a series of artists boycotting H&M.
  • Tottenham Hotspur make enquiry to sign Lucas Moura in cut price deal

    Tottenham Hotspur make enquiry to sign Lucas Moura in cut price deal

    The forward wants out and favours a move to England after the seeing less game time since the arrivals of Mbappe and Neymar. Lucas Moura , at his best, can simply tear apart opposing defences with his pace, dribbling skills and trickery.

    LaVar Ball Says the Lakers "Don't want to play" for Luke Walton

    Walton disregarded the constant criticism coming from his star rookie's father, "I'm fine with it, it doesn't both me". Those comments put Lakers rookie Lonzo Ball in the hard position of both defending his father and his head coach.
    North Korea And South Korea Officially Agree To Hold High-Level Talks

    North Korea And South Korea Officially Agree To Hold High-Level Talks

    Mr Trump consulted with South Korean President Moon Jae-in on the matter, according to Pentagon spokesman Colonel Rob Manning. Later he said, "In terms of whether it's a one-off (gesture) from him or a real olive branch, I don't know".
  • Citing New Tax Law, Walmart To Raise Starting Wages, Expand Parental Leave

    Citing New Tax Law, Walmart To Raise Starting Wages, Expand Parental Leave

    He added that " tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S". Walmart plans to start paying its one million U.S. workers at least $11 an hour and give them a one-off cash bonus.
    4-year-old boy dies from flu in Ohio

    4-year-old boy dies from flu in Ohio

    The county, just like the rest of the state, has seen a spike in flu cases and it has overwhelmed some providers. Among them, 73 cases (88 per cent) did not receive seasonal influenza vaccination for the respective season.

    Syfy George RR Martin Series Nightflyers Reveals Cast

    Alison Rosenzweig and Michael Gaeta of Gaeta Rosenzweig Films will also executive produce with Lloyd Ivan Miller and Alice P. We'll be reluctantly waiting until 2019 for the final season of Game of Thrones , but thankfully other George R.R.