Carillion

Subcontractors wrote off around £2.8bn in bad debt last year, according to research by Bibby Financial Services (BFS).

Its 2018 Subcontracting Growth survey of 250 subcontractors found that construction firms were writing off an average of £16,149 a year. BFS specialist finance director Kash Ahmed said: “Bad debt is a serious issue…

Former Carillion chief operating officer Andy Jones has joined Mace as part of a management overhaul of the contractor’s construction business.

Mr Jones will take control of Mace’s major projects arm and be responsible for individual schemes worth £150m-plus. He was made COO of Carillion last October after moving from his…

Vinci has taken on Carillion’s facilities management service contract for the London Overground network.

Client Arriva Rail London confirmed Vinci Facilities had been appointed under an initial 12-month deal. The £7.5m contract covers cleaning, fault rectification and planned maintenance activities across 81 London Overground stations, as well as the planning and scheduling…

The banks providing the funding for the £350m Midland Metropolitan Hospital being built by Carillion prior to its collapse have pulled out of the project.

The decision was taken by the PFI scheme’s five funders: the European Investment Bank, Credit Agricole, KfW IPEX, DZ Bank and Sumitomo Mitsui Banking Corporation, with the banks…

Carillion asked the government for protection from regulators and to block customers from terminating contracts two weeks before its collapse, according to information released by the National Audit Office.

In a list of support measures the contractor requested from the government, Carillion’s directors asked for “protection” from fines and other penalties…