Archive for the ‘Builders go into administration’ category

Prompt Payment Code adopted by Carillion “toothless”

26 January 2018 - Builders go into administration - admin - Comments Off on Prompt Payment Code adopted by Carillion “toothless”

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Small business chiefs at the FSB have attacked the Prompt Payment Code (PPC) as “toothless” in the wake of Carillion’s £2 billion collapse. Carillion’s collapse has called into question the effectiveness of the Prompt Payment Code (PPC) and raised the need for urgent reform to successfully tackle the UK’s late payment epidemic. Despite being a […]

Banks promise to support Carillion subcontractors and suppliers

18 January 2018 - Builders go into administration - admin - Comments Off on Banks promise to support Carillion subcontractors and suppliers

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Representatives for HSBC,Barclays, Lloyds, Santander, RBS, Shawbrook and Aldermore met with MPs on Wednesday to discuss Carillion’s demise and how they can help contractors. Business Secretary Greg Clark commented saying: “It is essential that small businesses exposed to the Carillion insolvency are given the support they need by their lenders.” UK Finance issued at statement which […]

Carillion’s workers thrown to wolves

17 January 2018 - Builders go into administration - admin - Comments Off on Carillion’s workers thrown to wolves

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The GMB union estimates at least 8,473 Carillion construction staffs wages will be stoped today unless their jobs are rescued by other firms. David Lidington, Cabinet Office Minister has confirmed the Government would continue to pay Carillion’s 11,000 staff in the UK who work in public services jobs, such as NHS cleaners and school catering workers but thousands […]

Carillion staff and suppliers told to carry on

15 January 2018 - Builders go into administration - admin - Comments Off on Carillion staff and suppliers told to carry on

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The receivers in charge of Carillion have been told to carry on as normal, PwC special mangers who are the official receivers have set up an official website which is here https://www.pwc.co.uk/carillion to deal with all of the supply chain including contractors, agency workers, employees, agents and subcontractors to carry on working. The following statement comes form the website […]

Carillion liquidated by its creditors

15 January 2018 - Builders go into administration - admin - Comments Off on Carillion liquidated by its creditors

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The banks have finally called time on Carillion after profit warnings throughout last year the ailing construction giant as now been put into liquidation and many contractors, companies and others in the supply chain face losing payments. Liverpool and Birmingham hospitals who are NHS clients at two major hospital project already running over a year late […]

GB Building shock administration

4 March 2015 - Builders go into administration - admin - Comments Off on GB Building shock administration

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GB Building went into a  shock administration according to workers on sites in northern England. A  announcement by the administrators is expected soon but the subcontractors and staff were left stunned by the news that the company had gone. One subcontractor commented : “We got paid only a week ago and it seemed like things […]


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