Select Committee

Twentieth Report - Monitoring and responding to companies in distress

Report Mar. 13 2024

Committee: Public Accounts Committee

Found: Examples of interventions examined by this Committee range from Carillion to Northern Rock, to community

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Commons Chamber
Procurement Bill [Lords]
Report stage - Tue 13 Jun 2023
Cabinet Office

Mentions:
1: None Some Members will recall the collapse of the construction firm Carillion back in 2018. - Speech Link
2: None A total of £2 billion was owed by Carillion to its suppliers. - Speech Link
3: None It has been estimated that £800 million of subcontractor retentions were lost in the Carillion collapse - Speech Link

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Written Question

Carillion: Insolvency

Tuesday 31st January 2023

Asked by: Lord Naseby (Conservative - Life peer)

Question to the Department for Business, Energy and Industrial Strategy:

To ask His Majesty's Government when they expect to publish the audit reforms they committed to introduce after the collapse of the construction firm Carillion five years ago.

Answered by Lord Callanan - Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)

The Government’s response to consultation on its reform proposals was published on 31 May 2022. This set out that reforms will be delivered by a variety of mechanisms, including changes already made by the regulator and by Ministerial Direction. The Government is committed to legislating when Parliamentary time allows.

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Select Committee

GlobalData, Stevens and Bolton, GMB, and City University

Oral Evidence Nov. 28 2023

Committee: Business and Trade Committee (Department: Department for Business, Energy and Industrial Strategy)

Found: When we look back at BHS in 2016, Carillion, Patisserie Valerie, London Capital & Finance, Thomas Cook

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Select Committee

Legal and General Group Plc, University of Sheffield, Fraud Advisory Panel, and The Investment Association

Oral Evidence Mar. 26 2024

Committee: Business and Trade Committee (Department: Department for Business, Energy and Industrial Strategy)

Found: It was the same at Carillion—again, I was an adviser to the Work and Pensions Committee, and it is the

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National Audit Office
Business and industry - Oct. 27 2023
Lessons learned: Monitoring and responding to companies in distress (PDF)

Found: In examples such as Carillion, CF Fertilisers and UKCloud, this meant that no single department had

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Select Committee

Letter from the Chief Executive, Uk Government Investments to the Chair relating to The work of UKGI- Follow up to the hearing on 6 Feburary 24, dated 21 February 2024

Correspondence Mar. 15 2024

Committee: Treasury Committee (Department: HM Treasury)

Found: Year of intervention Company name Sector Main government interventions UKGI advice 2018 Carillion

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Select Committee

Ofwat, and Ofwat

Oral Evidence Dec. 12 2023

Committee: Environment, Food and Rural Affairs Committee (Department: Department for Environment, Food and Rural Affairs)

Found: It was worrying because I have spoken to people about Carillion, and Carillion utilised the same capitalisation

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Select Committee

Thames Water, Thames Water, and Thames Water

Oral Evidence Dec. 12 2023

Committee: Environment, Food and Rural Affairs Committee (Department: Department for Environment, Food and Rural Affairs)

Found: It was worrying because I have spoken to people about Carillion, and Carillion utilised the same capitalisation

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