Interserve to go ahead with £64m debt reduction plan
The plan is expected to include a debt for equity swap or rights issue, although the latter would be a challenge after recent share price falls to their lowest point since…
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Tag: Carillion liquidation
Prompt Payment Code adopted by Carillion “toothless”
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…
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Van Elle licks wounds after Carillion’s collapse
The piling specialist Van Elle has revealed that many of its bills went unpaid in the run up to Carillion’s collapse costing the firm £1.6m. Van Elle is in talks with the Official…
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Banks promise to support Carillion subcontractors and suppliers
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…
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Carillion’s workers thrown to wolves
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…
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