Carillion: Insolvency

Department for Business, Energy and Industrial Strategy written question – answered at on 12 March 2018.

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Photo of Matthew Offord Matthew Offord Conservative, Hendon

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an assessment of the effect of the collapse of Carillon on construction projects in the Hendon constituency.

Photo of Andrew Griffiths Andrew Griffiths Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

My right hon. Friend the Secretary of State has established the Carillion Taskforce, to advise on the impact on small businesses and employees affected by Carillion insolvency. The Taskforce’s attendees included representatives from leading business bodies, the construction trade sector, unions, banks and government. This has already led to useful collaborations, in particular in relation to ensuring firms and employees have access to support from Government and the banks.

The nature of Carillion’s business was to sub-contract significant proportions of its work and a significant number of those sub-contractors have sub-contracted further elements. The complexity of the contracting structure is such that it is not possible for the Official Receiver at this stage in the liquidation process to have a complete picture of companies and therefore projects affected across the UK. He is continuing to work through Carillion’s systems to identify all contracts. To date, we are not currently aware of any Carillion related redundancies in Hendon.

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