Carillion

More than 140 former Carillion staff have had their plea for compensation rejected at an Employment Appeal Tribunal. The workers all lost their jobs when the £5.3bn-turnover contractor plunged into compulsory liquidation in January 2018, shocking the construction industry and tearing chunks of financial buffer out of the sector. Represented…

Three former Carillion directors are set to be fined nearly £900,000 for “recklessly” publishing misleading accounts. The contractor’s former chief executive, Richard Howson, is set to be landed with a £397,800 fine, while chief financial officer Richard Adam faces a fine of £318,000. The Financial Conduct Authority (FCA) said it…

A hospital in the Midlands that was being worked on by Carillion before it collapsed has suffered further delays to its opening date and will now be six years late. The Midland Metropolitan Hospital, which Balfour Beatty took on in 2019, following Carillion’s collapse, requires a new façade to meet…

The UK’s 13 biggest private contractors will be subject to compulsory audits if new regulations are approved. Wates, Laing O’Rourke, Mace and ISG are among the 13 privately-owned contractors that will have to appoint auditors under the proposed legislation. Private firms in the UK have never had to submit audits…

Kier has been criticised by local councillors for quoting ‘unaffordable’ prices for simple roadworks in Suffolk. The firm is contracted to maintain highways for Suffolk County Council, but has been criticised by opposition councillors for the cost of its work. The firm’s 10-year contract is due to end in October…

KPMG is set to be fined £14.4m for forging documents and misleading regulators in the run-up to the collapse of contractor Carillion. The Financial Reporting Council (FRC), the body that oversees accounting firms such as KPMG, has reached a settlement agreement at a tribunal over the case, which was undertaken…

Defective construction work by the now-defunct contractor Carillion led to a 2020 train accident in Scotland in which three people were killed, according to a report. The contractor failed to recognise and flag up serious faults while it was working by the Stonehaven rail line in 2011, according to a…

KPMG has hit back at the £1.3bn lawsuit it has been landed with as details of the case are revealed. The accountant formally acknowledged the claim on Thursday afternoon, but said in a statement that it was without merit and that they would “robustly defend” the case. The Official Receiver,…

KPMG is being sued for more than £1bn over its work with Carillion leading up to the contractor’s collapse. The Official Receiver, which is trying to recover as much money as possible for creditors, has filed a formal legal claim against KPMG, according to Sky News. It is understood the…

United Colleges Group has announced a new £140m campus in Brent, London. The group, which was formed by the merger of the College of North West London and City of Westminster College, has acquired the Olympic Office Centre site in Wembley for its new campus. The new facility will focus…