PARLIAMENTARY WRITTEN QUESTION
Carillion: Insolvency (6 February 2018)
Question Asked
Asked by:
Ian Murray (Labour)
Answer
The nature of Carillion’s business was to sub-contract significant proportions of its work and a significant number of those sub-contractors have sub-contracted further elements. The complexity of the contracting structure is such that it is not possible for the Official Receiver at this stage in the liquidation process to have a complete picture of companies affected. He is continuing to work through Carillion’s systems to identify all contracts.
For this reason, we do not yet have an estimate of companies accessing government support. We are carefully monitoring the situation and we have established a Taskforce with industry and unions to actively monitor the impact on SMEs and the supply chain, and to assess the action that can be taken to mitigate these effects. The Taskforce has delivered a range of supportive measures. This includes assistance from HMRC to those experiencing difficulties paying tax, £900m in support from UK lenders, and Government funding to ensure continuity of vital services.
Answered by:
Andrew Griffiths (Conservative)
20 February 2018
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