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The Liquidation of Carillion plc

 

Posted on 17 January 2018

The Liquidation of Carillion plc and its subsidiary companies has dominated the news this week and is likely to have a huge impact on businesses and contractors further down the supply chain.

The Special Managers are asking suppliers to continue supplying the companies in Liquidation on the basis that they will be paid from the date of the Liquidation (from 15 January 2018 onwards). However, the position on debts incurred prior to that date is not yet known.

Given Carillions’ insolvency it is likely that there will be a large amount of unpaid debts to creditors in the supply chain, which can cause cash flow issues for suppliers, contractors and, in turn, the suppliers and contractors to those businesses.

If you believe you are, or might be, affected by the Liquidation of the Carillion companies, please get in touch with our Business Recovery and Insolvency team who will be able to advise you further.

Our team are specialists in both personal and corporate insolvency and can offer expert advice on your risks and options to try to keep you on the right path and avoid issues as they arise.

If you wish to discuss this or any other insolvency related matter, please get in touch with us today.

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