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22 October 2018
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2016 TO 2018: FM WORLD STORIES TRACK CARILLION’S DEMISE

Web_CarillionWorker3_Carillion
Carillion's timeline

15 January 2018 | Martin Read


The following links are to the Carillion stories published by FM World over the past two years, tracking the company’s emerging problems.


Cabinet Office meets to discuss Carillion woes
Representatives of Carillion, one of the UK government's biggest contractors, meet with Cabinet Office officials and the Pensions Regulator to discuss the firm’s pension liabilities.

Financial watchdog begins investigation at Carillion
The Financial Conduct Authority notifies Carillion that it is investigating the firm in connection with the timeliness and content of announcements made by the company between 7 December 2016 and 10 July 2017.

2017

Carillion shares take further hit
Shares in Carillion sink by 30 per cent as a result of a further profit warning and concerns that the company will breach its debt covenants.

New Carillion CEO to start work earlier
Carillion’s board has revealed that incoming chief executive Andrew Davies will start earlier than previously announced.

Serco reveals details of Carillion healthcare contract acquisitions
Serco Group plc has released more details about its acquisition of a portfolio of selected UK health facilities management contracts from Carillion plc.

Carillion exits long-term deal with RBS
Carillion has exited a long-term support services deal for the Royal Bank of Scotland two years early.

Carillion sells part of its healthcare business to Serco
Carillion has signed heads of terms with Serco Group plc for the disposal of a large part of its UK healthcare facilities management business for £50.1 million, subject to a limited working capital adjustment.


Councillor criticises Carillion's services to borough libraries 

A Croydon councillor has said that if the borough’s libraries service provider Carillion collapses, the council will move its frontline staff back in-house.


London Borough terminates Carillion deal
The London Borough of Hounslow has terminated its contract with support services provider Carillion.

Carillion in £845m provision for loss-making contracts
Carillion Group has added to the £845 million provision for loss-making construction contracts that it announced in July with a further £200m provision in respect of 23 of its support services contracts.

Group finance director Zafar Khan leaves Carillion
Carillion plc has announced that group finance director Zafar Khan has left the company with immediate effect.

Carillion reports lower than expected operating profit
Carillion is reporting that its operating profit in the first half of 2017 is lower than expected primarily due to phasing of the Public Private Partnerships (PPP) equity disposals.

2016

Carillion signs maintenance contract with Arriva Rail London
Carillion has signed a new seven-and-a-half year contract with Arriva Rail London (ARL) for maintenance at London Overground stations.

Carillion reports first-half revenue and profits ‘move ahead’
Carillion reports that its first-half revenue and operating margin in support services are both expected to move ahead, according to financial results published this week.

Cordant awarded preferred supplier status by Carillion Rail
Cordant Services has been awarded preferred supplier status by Carillion Rail.


Carillion wins £90m total FM deal with Centrica
Carillion has won a £90 million contract to provide total FM services for energy specialist Centrica.

Carillion: West Sussex prison upkeep criticised
The maintenance and upkeep of a men’s prison in West Sussex has been the source of “a great deal of concern this year”, according to a report by an independent monitoring board.


Carillion: West Sussex prison upkeep criticised
The maintenance and upkeep of a men’s prison in West Sussex has been the source of “a great deal of concern this year”, according to a report by an independent monitoring board.