Carillion

Carillion collapsed a few months after last year’s CN100 was published. In this year’s data, CN turned to new measures to gauge short-term stability and long-term liabilities and set about applying the critera to Carillion’s last set of accounts to find out if it was possible to predict the contractor’s demise.

If you didn’t watch Channel 4’s Dispatches on Carillion last night but you read the CN Briefing, you didn’t miss much.

This week NG Bailey’s chief executive David Hurcomb told me the decision to “walk away” from bids had been a key reason behind his firm’s profit growth.

Retentions are back in the spotlight following Carillion’s collapse, yet the industry is divided on how to take action. Why are retentions being abused and how should they be tackled?

The Carillion story so far…

It has been almost two months since MPs on the Carillion joint inquiry published their explosive report into the contractor’s collapse.

Carillion entered liquidation on 15 January and since then 2,352 of its former employees have lost their jobs – 12 per cent of the workforce. Yet the full impact of its demise is still to play out.

Today saw the government’s costs watchdog publish its investigation into the collapse of Carillion.

Birmingham is constantly reinventing itself, and the latest major redevelopment at Paradise Circus is the perfect illustration.