Home | BUILDING BRITAIN | Insolvency Service confirms agreements to transfer all of Carillion’s contracts
Insolvency Service confirms agreements to transfer all of Carillion's contracts
Insolvency Service confirms agreements to transfer all of Carillion's contracts

Insolvency Service confirms agreements to transfer all of Carillion’s contracts

The Insolvency Service has announced that agreements are now in place for all 278 of Carillion’s contracts.

Since the construction and infrastructure services company collapsed in January, the Insolvency Service has been working alongside the fallen firm and the government to find solutions for the hundreds of important infrastructure contracts held by the company.

The Aberdeen Western Peripheral Route is just one of the major projects that was affected by Carillion’s liquidation, and is one of the 278 now given security to move forward with construction.

In almost eight months since the liquidation was confirmed, the Insolvency Service has guaranteed that essential contracts on projects such as road, rail, key infrastructure, hospitals and schools have continued without major disruption.

As part of the latest announcement, the Official Receiver and Insolvency Service have confirmed another 429 jobs have been saved by transferring these roles to new suppliers, while nine more employees have been made redundant.

This takes the total number of jobs saved to 13,945 – which equates to 76% of the pre-liquidation workforce.

In terms of those who have now been made redundant, the number is at 2,787 – 15% of the organisation’s staff structure.

Elsewhere, 1,272 employees have left Carillion through reasons including finding new work, retirement or other reasons, while 240 of Carillion’s staff are still working for the company to close out remaining activities.

Dave Chapman, at the Official Receiver’s, commented on this milestone.

He said: “Carillion is the largest ever trading liquidation in the UK. The continued uninterrupted delivery of essential public services since the company’s collapse in January reflects the significant effort put in place by its employees.

“During this period, 83% of the original workforce have either transferred with the contracts or resigned with another job to go to.

“The focus of the liquidation will now shift to the provision of limited transitional services for some supplier and finalising Carillion’s trading accounts to ensure that payment is made to suppliers who have provided goods and services to the various liquidations.”

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