Carillion

A hospital in the Midlands that was being worked on by Carillion before it collapsed has suffered further delays to its opening date and will now be six years late. The Midland Metropolitan Hospital, which Balfour Beatty took on in 2019, following Carillion’s collapse, requires a new façade to meet…

The UK’s 13 biggest private contractors will be subject to compulsory audits if new regulations are approved. Wates, Laing O’Rourke, Mace and ISG are among the 13 privately-owned contractors that will have to appoint auditors under the proposed legislation. Private firms in the UK have never had to submit audits…

Kier has been criticised by local councillors for quoting ‘unaffordable’ prices for simple roadworks in Suffolk. The firm is contracted to maintain highways for Suffolk County Council, but has been criticised by opposition councillors for the cost of its work. The firm’s 10-year contract is due to end in October…

KPMG is set to be fined £14.4m for forging documents and misleading regulators in the run-up to the collapse of contractor Carillion. The Financial Reporting Council (FRC), the body that oversees accounting firms such as KPMG, has reached a settlement agreement at a tribunal over the case, which was undertaken…

Defective construction work by the now-defunct contractor Carillion led to a 2020 train accident in Scotland in which three people were killed, according to a report. The contractor failed to recognise and flag up serious faults while it was working by the Stonehaven rail line in 2011, according to a…

KPMG has hit back at the £1.3bn lawsuit it has been landed with as details of the case are revealed. The accountant formally acknowledged the claim on Thursday afternoon, but said in a statement that it was without merit and that they would “robustly defend” the case. The Official Receiver,…

KPMG is being sued for more than £1bn over its work with Carillion leading up to the contractor’s collapse. The Official Receiver, which is trying to recover as much money as possible for creditors, has filed a formal legal claim against KPMG, according to Sky News. It is understood the…

United Colleges Group has announced a new £140m campus in Brent, London. The group, which was formed by the merger of the College of North West London and City of Westminster College, has acquired the Olympic Office Centre site in Wembley for its new campus. The new facility will focus…

KPMG’s UK boss has admitted the auditor misled the accounting watchdog during a review of its auditing of Carillion. A tribunal examining information KPMG employees gave to the Financial Reporting Council (FRC) when the watchdog was carrying out a routine check of its auditing of Carillion’s 2016 accounts began this…

A legal claim against Carillion’s auditor KPMG has moved a step closer and could reach £1bn in value. Legal papers were filed on Friday ahead of a full claim being launched, which is expected to happen in the next few weeks. A professional negligence claim was filed on behalf of…