• Government offers print firms advice on Carillion liquidation

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    The Government has offered advice to suppliers and creditors affected by Carillion’s liquidation last week.

    The troubled UK facilities management and construction giant owed almost £1.3bn to banks and the end finally came on January 15th with a winding up order, with the court appointing the Official Receiver as the liquidator.

    The company held just £29m in cash when it collapsed.

    Carillion, based in Wolverhampton, employs around 20,000 people across the UK and over 40,000 globally.

    Printing industry firms will be among thousands of suppliers affected by the collapse of the company, including well-known companies such as Birmingham-based Hollywood Monster.

    Speaking on social media, chairman of Hollywood Monster, Tim Andrews said: “Not a great day so far! Carillion going bump. £250k a year client for HM and I’ve got £10k of shares. At least the sun is shining… oh it’s not sunny either.”

    Advice on the Government website www.gov.uk for customers, suppliers and sub-contractors is to call usual operational points of contact for the Carillion Group, or visit the website www.pwc.co.uk/carrilion.

    The site also recommends that you register as a creditor in the liquidation if you haven’t been paid for goods or services you’ve supplied to the company, and/or you have paid these companies for goods or services that you haven’t received.

    Self-employed contractors and agency workers providing services to Carillion are not entitled to redundancy payments.

    Discussing the announcement, Carillion’s chairman, Philip Green, said: “This is a very sad day for Carillion, for our colleagues, suppliers and customers that we have been proud to serve over many years. Over recent months huge efforts have been made to restructure Carillion to deliver its sustainable future.

    “In recent days, however, we have been unable to secure the funding to support our business plan and it is therefore with the deepest regret that we have arrived at this decision.”

    AUTHOR

    Stuart O'Brien

    All stories by: Stuart O'Brien