Will the Failure of Carillion Affect You?
Following the announcement of Wolverhampton-based company Carillion going into liquidation, PWC have been drafted in to assist the Official Receiver and over the coming days and weeks it will become clearer as to what will happen to the Carillion contracts and what is going to happen to the 20,000 UK employees and the hundreds of creditors. There will be nothing for shareholders.
What is the Government doing?
If you are an Employee, Creditor or Supplier of the Carillion Group, the following links provide information from the Government and PWC;
- https://www.gov.uk/government/news/carillion-declares-insolvency-information-for-employees-creditors-and-suppliers
- https://www.pwc.co.uk/carillion
- https://www.pwc.co.uk/services/business-recovery/administrations/carillion.html
My business is based in Coventry & Warwickshire
- If you would like to speak us about the impact on your business such as cashflow you are concerned about, please email the Coventry & Warwickshire Growth Hub, on behalf of the Carillion taskforce[1], on contact@cwgrowthhub.co.uk or call us on 0300 060 3747.
My business is based in the West Midlands
- A dedicated telephone line and email address have been set up by the Black Country Chamber of Commerce, on behalf of the Carillion taskforce[1], to support local businesses that may be affected by this very sad news. “We are a business focused organisation, and a partner of the Black Country Growth Hub, that would like to support organisations in this troubling time, so if you have any concerns or worries we are here for you. We don’t have all the answers just yet, but as this situation develops we will share the latest updates with you and take your concerns forward to the taskforce group and relevant support agencies.” – Corin Crane, Black Country Chamber of Commerce
- If you are a business and would like support or have any questions relating to the situation at Carillion please call 01902 912322 or email carillionhelp@blackcountrychamber.co.uk.
Please forward this information to anyone that might be impacted by the situation.
[1]The support has been set up by the Carillion taskforce group, which includes representatives from the City of Wolverhampton Council, Black Country LEP, Department for Work and Pensions, West Midlands Combined Authority, Black Country Chamber of Commerce and Department for Business, Energy & Industrial Strategy.
This is brought to you through a partnership with the local West Midlands Chambers of Commerce and Growth Hubs.