Carillion Statement from Chief Executive of Stockport Council - 15th January 2018

The Chief Executive of Stockport Council has released a statement regarding Carillion.

Pam Smith, Chief Executive of Stockport Council, said: “Carillion PLC is the UK's second-largest construction, facilities and property management company and employs in the region of 43,000 people globally. They are a key national supplier to public services and are in a current state of financial crisis.

“We have this morning received confirmation that Carillion PLC have been placed into liquidation. “The Council entered into a partnership agreement with Carillion AMBS in 2014 for a period of ten years to deliver property services including Estate, Asset and Facilities management and to work together to deliver a number of key development services.

Carillion PLC also work on a number of projects with schools and are involved in the partnership to build the A6MARR.

“Carillion staff were told this morning at 9am to continue working on contracts in the usual way. Senior Council officers have discussed the situation directly with Carillion directors today to consider how we ensure the smooth transition of continued services. The Council will implement the detailed contingency plans that have been developed and are in place in the event of such news.

“The contingency plan focuses on a number of key areas, including urgent actions that may need to be taken by the Council as the details of the insolvency process takes effect.”