Related info:
– UK Construction Giant With 43,000 Employees Collapses
– Carillion collapse leaves 30,000 businesses losing out on up to £1bn:
- Carillion has fallen into liquidation
- Collapse puts thousands of jobs and pensions at risk
- Up to 30,000 firms risk losing out on £1bn
- MPs launch inquiry into public sector outsourcing
- Government kept awarding contracts despite fears
- What does Carillion’s collapse mean for pensions?
- Analysis: Missed warning signs and huge debt
- Government official overseeing Carillion ‘rotated off’
Crisis-hit construction giant Carillion has plunged into liquidation, owing up to 30,000 businesses around £1bn in unpaid costs, and putting thousands of jobs and pensions at risk.
Carillion has around 20,000 UK employees and is a major supplier to the Government, building infrastructure including the HS2 project and maintaining schools and prisons.
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H/t reader eric:
“The fallout could be the trigger for UK collapse.
Barclays, HSBC & Santander are the biggest lenders.
The two former banks are ruthless, really ruthless (from personal experience), and part of the Rothschild structure.”
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My own experience with “The Big Four” was along the same lines.
They audited the books with small random samples as against checking the full monty as it used to be done.
Sadly the Accountancy charters are as much to blame for lowering the standards in favour of speeding things up for the big boys.
A classic case of pressure from above.
They all deserve what they get….except the poor minion.
https://www.ukcolumn.org/article/carillion-behind-headlines