Carillion demise!

Carillon likely to be placed into administration or liquidation today as talks with its lenders breakdown Carillion employs 20,000 people in the UK but has debts of more than £1.5bn including a huge shortfall on its pension scheme.

It is a huge supplier in the public sector and in the last 6 months was awarded government contracts of more than £2bn despite issuing three profit warnings.

Very sad day for its employees and suppliers.

If you have any clients which are likely to be affected then please feel free to call any of the offices and we will try to assist.

For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or to take advantage of our free consultation, please telephone Stella Flemmings on 01377 257788, 01724 230060 or 01904 520116 and she will make you an appointment with one of our insolvency professionals at our Driffield, Scunthorpe or York offices.

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