The Government has offered advice to suppliers and creditors affected by Carillion’s liquidation last week.
Troubled UK facilities management and construction giant Carillion owed almost £1.3bn to banks and the end finally came on January 15th as a winding up order was made against the firm, with the court appointing the Official Receiver as the liquidator.
The company held just £29m in cash when it collapsed.
Advice on the Government’s website for customers, suppliers and sub-contractors is to call usual operational points of contact for the Carillion Group, or visit the website www.pwc.co.uk/carillion.
The site also recommends that you register as a creditor in the liquidation if you haven’t been paid for goods or services you’ve supplied to the company, and/or you have paid these companies for goods or services that you haven’t received.
Self-employed contractors and agency workers providing services to Carillion are not entitled to redundancy payments.
The company, based in Wolverhampton, employed around 20,000 people across the UK and over 40,000 globally. It is involved in a number of projects including HS2, the construction of new hospitals in Smethwick and Liverpool, maintaining 50,000 army base homes for the Ministry of Defence and providing school dinners to over 30,000 pupils a day across 218 schools.
Discussing the announcement, Carillion chairman, Philip Green, said: “This is a very sad day for Carillion, for our colleagues, suppliers and customers that we have been proud to serve over many years. Over recent months huge efforts have been made to restructure Carillion to deliver its sustainable future.
“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.”