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Tag Archives: Carillion

KPMG fined millions for significant and serious breaches in Carillion audit

The Financial Reporting Council has fined the auditors of multinational construction and facilities management services company Carillion which collapsed in 2018, £21 million for ‘significant and serious breaches’. Two Final Settlement Decision Notices have been imposed against KPMG LLP, KPMG ...

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FCA to fine former Carillion directors ‘knowingly concerned in contraventions’

The Financial Conduct Authority (FCA) is to fine former CEO Richard Howson and former finance directors Richard Adam and Zafar Khan as part of its investigations into failed construction and services company Carillion.  The fines imposed on the trio who ...

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Former Carillion workers gain significant legal victory

Workers who lost their jobs when construction and outsourcing giant Carillion collapsed in January 2018 have secured a significant legal victory in their battle for compensation. Trade union Unite is representing 263 members who are seeking compensation due to Carillion’s ...

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FM Clinic: What lessons can FM clients take following the demise of Carillion?

Following the demise of Carillion, what lessons should FM clients take from the fallout to ensure that their key suppliers’ finances are sound? If they do encounter a major problem how can they ensure the project or service is still ...

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