Carillion

KPMG’s UK boss has admitted the auditor misled the accounting watchdog during a review of its auditing of Carillion. A tribunal examining information KPMG employees gave to the Financial Reporting Council (FRC) when the watchdog was carrying out a routine check of its auditing of Carillion’s 2016 accounts began this…

A legal claim against Carillion’s auditor KPMG has moved a step closer and could reach £1bn in value. Legal papers were filed on Friday ahead of a full claim being launched, which is expected to happen in the next few weeks. A professional negligence claim was filed on behalf of…

A primary school in Tameside is facing a bill of £5m to repair problems with a £2.7m refurbishment carried out by Carillion before the contractor collapsed. The firm did the work at Russell Scott Primary in Denton in 2015. Problems were reported by the school soon after work was completed…

KPMG will face a formal disciplinary hearing regarding information it provided about its auditing of the collapsed contractor Carillion. The Financial Reporting Council (FRC) said KPMG, one of its former partners and some of its current and former employees, provided “allegedly false and misleading information” to the FRC as it…

More than 250 former Carillion workers have won a legal ruling related to whether they were fairly compensated when the company collapsed in January 2018. An Employment Appeal Tribunal has ruled that 263 former Carillion staff represented by the Unite union have the right to seek compensation in a full…

A £250m legal claim against Carillion’s auditor KPMG has moved a step closer. The official receiver, which is managing the liquidation of the firm, has sent a letter before action to KPMG warning it of the potential claim, according to Sky News. The latest action follows on from the receiver…

The Royal Liverpool Hospital building programme is expected to cost £108m in this financial year, it has emerged. Board papers from the Liverpool University Hospitals NHS Foundation Trust show that the organisation expects to spend the cash this year, although it has not yet been approved by central government. Laing…

Carillion’s liquidator has secured funding for a legal claim against the contractor’s auditor KPMG. Litigation Capital Management (LCM), which provides financing for legal cases, said the claim was linked to KPMG’s auditing of Carillion’s financial statements. It said the case centres on losses of more than £250m. LCM executive vice…

An interim report into last year’s Stonehaven derailment in Scotland, published by the UK Government’s Rail Accident Investigation Branch (RAIB), has identified gravel from a drainage system built by Carillion and designed by Arup as the likely cause of the accident. On 12 August 2020, a train travelling at 73mph…

An inquiry by MPs into supply chain finance is set to begin next week. The public accounts committee is investigating the practice of providing finance against the value of future invoices. The probe has been prompted by links between the collapsed SCF provider Greensill Capital and its connections to the…