Tag : Carillion
Seven construction and engineering firms have agreed to pay £1.9M in damages to 53 workers who were illegally blacklisted.
Eight major construction firms are involved in a legal dispute over a £55M compensation bill paid out to more than 1,000 workers who were illegally blacklisted because of their political beliefs.
Financial watchdog probes Interserve audits Subscription
The UK’s accounting regulator has launched an investigation into audits of Interserve’s financial statements following the firm’s collapse into administration.
Service provider Interserve has applied to go into administration after shareholders voted to reject a debt-for-equity rescue deal that would have eliminated £485M of the company’s £631M debt.
A new audit body with stronger legal powers is to replace the Financial Reporting Council (FRC), and will take its Carillion investigation.
Interserve board rejects latest rescue plan Subscription
The board of troubled contractor Interserve has rejected the latest proposed rescue plan citing “risk of uncertainty to shareholders”.
£1bn Aberdeen bypass to finally open todaySubscription
Today the 58km Aberdeen Western Peripheral Route (AWPR) will finally open in full, with the project costing at least £1bn. But is it the end of the road for the saga which has taken a huge toll on the firms building it?
The number of civil engineering businesses that became insolvent in 2018 increased by 25%, according to a new study.
The Financial Reporting Council (FRC) is to grill former Carillion executives as the investigation into the company’s collapse hits a critical phase.
The second reading of Conservative MP Peter Aldous’ bill to reform retention practices in the construction industry is to be delayed again.