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Tag Archives: Carillion

Construction industry holds auditors accountable for Carillion collapse

The construction industry views the collapse of Carillion as a result of aggressive accounting policies and a close relationship with KPMG. A survey of the supply chain conducted by public sector procurement specialist, Scape Group, finds that 93 per cent ...

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FRC extends probe into Carillion financial statements

The Financial Reporting Council (FRC) has extended its investigations into the preparation, approval and audit of the financial statements of Carillion plc to include certain matters relating to the financial statements for the year ended 31 December 2013. The FRC ...

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FRC provides update on Carillion investigation

UK audit watchdog, the Financial Reporting Council (FRC) has provided an update into its investigation of the collapse of construction giant Carillion last January following “significant public interest” in the case. The FRC is investigating KPMG’s audits of Carillion (2014-2017) and ...

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Unprecedented support by MPs to prevent another Carillion

Following the collapse of Carillion in January, the Aldous Bill, the largest fair payments campaign ever formed in the UK, now has support from over 200 MPs. The backing comes alongside an unprecedented coalition of over 80 industry bodies and ...

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Nearly £150 million cost to taxpayers from Carillion liquidation

Carillion’s collapse has cost UK taxpayers an estimated £148 million, and there will also be significant costs to the supply chain, former Carillion workers, and investors, the National Audit Office (NAO) has revealed. The investigation into the government’s handling of ...

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Carillion ‘ripped off suppliers’ finds damning Parliamentary report

Carillion used its suppliers to “prop up a failing business model” is the damning conclusion of two influential Parliamentary committees, which ahead of the launch of the final report of their inquiry into the collapse of Carillion has published evidence ...

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ISS protects jobs on former Carillion trains contract

Northern, part of Arriva Trains UK, has saved almost 250 jobs from collapsed Carillion by bringing its Customer Experience Centre in-house and through securing a new contract with global facilities management company, ISS. Based in Sheffield, the customer excellence team ...

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Industry leaders urge reform following Carillion losses

The Electrical Contractors’ Association (ECA) and the Building Engineering Services Association (BESA) – two leading trade associations representing engineering services contractors, have joined forces in an industry delegation with Peter Aldous MP to petition Number 10 for urgent reform to ...

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YMF event: Is it time for competitors to collaborate?

This is the million-dollar question since the demise of Carillion which will be debated by a panel of experts at an event being held by the YMF. Following the recent announcement of Carillion’s insolvency, the workplace industry came together as ...

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Carillion House goes up for sale as Government announces 10,000 jobs saved

Carillion’s former Wolverhampton headquarters has gone up for sale with a price tag based on offers in excess of £3 million. JLL and Bulleys have been jointly appointed to market the property at 84 Salop Street, which is currently known ...

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