In the seven days since Carillion announced it was filing for liquidation Phil Bishop has posted approximately 8,000 words on the subject in the form of various news reports for The Construction Index. Here is his first comment on the story.
Rupert Soames, chief executive of Serco and grandson of Winston Churchill, has set down his thoughts on what the demise of Carillion means for public service contracting. It makes interesting reading, so we reproduce it here in full.
Carillion has been on the edge of a precipice since its profits warning in July and subsequent posting of a £1.1bn interim pre-tax loss in September. Clients and joint ventures partners have had months to prepare contingency plans and some of these are kicking in today.