We’re certainly not starting “Blue Monday” off in the best way; with breaking news revealing that the UK’s second largest construction company Carillion has been placed into liquidation. This will be the biggest liquidation of a company seen in the UK in recent years.
A compulsory liquidation is when a particular creditor insists upon this process when they have not been paid for a period of time, this is likely to be one of their four large lenders. As the news develops on this, it’ll certainly leave a lot of questions about the financial mismanagement of the business on the shoulders of the Directors.
Continue reading “Carillion collapse; what happens to the employees?”


