Carillion auditor KPMG slammed by watchdogSubscription
KPMG has been singled out for heavy criticism from the accounting watchdog in its annual review of the major auditing firms.
Carillion was recruiting workers from Portugal and Greece to plug skills gaps on the troubled Aberdeen bypass project before the company went into liquidation in January.
Subcontractors write off £2.8bn in bad debtSubscription
Subcontractors wrote off around £2.8bn in bad debt last year, according to research by Bibby Financial Services (BFS).
Carillion features and analysis
Interserve’s chief executive Debbie White appeared in front of MPs on the public accounts committee this week to answer questions about the government’s strategic suppliers.
Today saw the government’s costs watchdog publish its investigation into the collapse of Carillion.
The troubled £745m Aberdeen bypass has been hit by repeated delays and the loss of Carillion. Lurking beneath these problems, CN has now seen reports and heard allegations of shocking safety standards that have prompted calls for a government investigation.
The damning conclusions of MPs’ Carillion report come as the industry braces for a challenging period.
Construction took a kicking last week.
The joint report on Carillion from the business and works and pensions select committees was what we all expected.
This morning saw the publication of a damning report from MPs looking at the why Carillion, the UK’s second biggest construction firm, collapsed in January.
All the news, analysis and reaction as the Carillion inquiry delivered its final verdict on the main contractor’s collapse.
Directors, regulators, accountants – there are many targets in the crosshairs of MPs in the savage and wide-ranging report into Carillion’s collapse, published today.
MPs have published a timeline charting the build-up to Carillion’s collapse as part of the joint inquiry’s final report on the contractor.
“Carillion’s business model was an unsustainable dash for cash… The company largely got its way.”
Any construction firm with an outsourcing arm better watch their back: the big outsourcers are out to get you.
The collapse of Carillion, the ‘Beast from the East’ and ongoing uncertainties over Brexit mean the construction sector has suffered a turbulent first three months of 2018.
Press coverage of Carillion’s demise illustrated the impact it had on the whole country – a stark reminder of the construction sector’s importance.
The idea that retentions be held in deposit, as proposed by parts of the industry and Peter Aldous MP through the Aldous Bill, is a worthy idea that demands consideration.
Parliament TV rarely provides genuine entertainment, but there was a notable exception during a debate on Carillion earlier this year.
Former Carillion chief operating officer Andy Jones has joined Mace as part of a management overhaul of the contractor’s construction business.
HS2 boss and construction minister join CN SummitVideoSubscription
HS2 chief executive Mark Thurston and construction minister Richard Harrington are among the latest confirmed speakers to join the two-day CN Summit.
Vinci has taken on Carillion’s facilities management service contract for the London Overground network.
Carillion: Key background
Carillion has been handed an extra four months to prove to its lenders it will not breach its financial covenants.
Carillion’s largest shareholder has sold off half of its stake in the troubled contractor and services provider.
Carillion has issued a fresh profit warning and confirmed that it expects to breach its financial covenants at the end of next month.
Carillion has agreed to sell its UK healthcare arm to services giant Serco for £50.1m as part of the contractor’s debt reduction and restructuring plan.
Carillion interim chief executive Keith Cochrane has revealed his firm has cut £10bn from its potential project pipeline as part of a new approach to winning work.
Carillion has reported a £1.15bn half-year loss and revealed it is setting aside an extra £200m provision for problem support services contract.
Carillion has made amendments to rules that previously allowed investors to claw back bonuses awarded to the contractor’s top executives, it has emerged.
Troubled Carillion has revealed a major shake-up of its executive team, including the departure of its finance chief Zafar Khan with immediate effect.
Former Carillion chief executive Richard Howson has moved back into his previous role of chief operating officer at the troubled company, but will still leave the firm within a year.
Transport secretary Chris Grayling has defended the choice of troubled contractor Carillion as one of the firms to build phase one of HS2.
Carillion has brought in accountancy giant EY to look at cost reduction and cash collection as part of a strategic review of the troubled business.
Carillion chief executive Richard Howson has stepped down with immediate effect as the firm has said it will be “undertaking a comprehensive review of the business” following a profit warning.
Alumasc’s profit hit by Carillion falloutSubscription
Carillion: 129 staff moved to new suppliersSubscription
Carillion PPP partner reveals contract transfersSubscription
Egis snaps up Carillion’s M40 contractSubscription
Carillion Aspire JV bought out by KBRSubscription
RICS: Snowstorms had no impact on Q1 workloadsSubscription
Bam wins £90m King’s Cross office jobSubscription
Carillion: Irish firm owed €8m on the brinkSubscription
Construction boss loans rocket to £548m in 2017Subscription
North Midland boss slams payment practicesSubscription
Aberdeen bypass opening delayed againSubscription
Wates boss: We’re happy to hit £2bn by 2022Subscription
Carillion directors face watchdog probeSubscription
Kier CEO: ‘I’m pleased with debt level’Subscription
More than 60 trade bodies back retentions billSubscription
Carillion highways bosses join Galliford TrySubscription
Carillion: Tarmac takes on roads JV and 45 staffSubscription
Ex-Balfour MD appointed Van Elle chief execSubscription
Mayor wants Skanska to finish Carillion hospitalSubscription
Construction insolvencies jump 73% in Q1Subscription
Over 300 ex-Carillion rail staff axedSubscription
Wates appoints David Allen as new CEOSubscription
Carillion design staff axed in latest job cutsSubscription
Carillion understated hospital costs by £70mSubscription
Wates' profit edges up as order book tops £5bnSubscription
Ex-Carillion man lands Highways England roleSubscription