Carillion: 1,705 unemployed after construction firm collapse

Blog Insolvency

The Insolvency Service has published further details into the ongoing insolvency of collapsed construction firm Carillion.

The firm fell into liquidation in January, putting thousands of jobs and subcontractors at risk.

In total, the official receiver can now confirm that around 9,073 jobs have been saved, but a further 1,705 have been made redundant through the liquidation.

It added that these figures do not include jobs attached to contracts where an intention to purchase has been entered into but has not yet formally occurred.

The data also shows that more than 6,400 employees are currently retained to enable Carillion to deliver the remaining services it is providing for public and private sector customers until decisions are taken to transfer or cease these contracts.

The construction firm, which employed more than 20,000 people and subcontracted thousands more, has debts of around £1.5 billion.

Last week, it was announced that the Financial Reporting Council (FRC) had begun its investigation into the former finance directors of the firm after they were suspected of foul play.

“The FRC is liaising closely with the Official Receiver, the Financial Conduct Authority, the Insolvency Service and The Pensions Regulator to ensure that there is a joined-up approach to the investigation of all matters arising from the collapse of Carillion,” the FRC said in a statement.

Are you a subcontractor of Carillion or do you know anyone who is likely to be affected?

Anyone in need of advice should phone Gibson Hewitt on 01932 336149 and ask for Lynn Gibson. The first meeting is free.