In light of Carillion’s liquidation announced by the company today, Tussell analysis shows that the firm and its subsidiaries have won 10 public sector awards/frameworks with a total value of £1.3bn since its initial profit warning on 10th July 2017.
Does this show a failure to appreciate just how much financial difficulty Carillion was in, or a well-intentioned attempt by the government to deploy its spending power to support a Strategic Supplier?
Either way, there is a lot at stake: in 2017, Carillion was the UK government's 9th biggest supplier by contract value. Since the start of 2015, Carillion has won public sector awards worth £1.4bn and been included on multi-supplier frameworks of which its estimated share is £3.8bn.
Whatever contingency measures the government decides to take, it doesn't have much time to take them: there are at least £308m of Carillion contracts expiring in the course of 2018.
For more context on this story, download our full analysis of trends in Carillion's public sector
contracts or sign up for a free trial of Tussell Insight.
Media Contacts
For more information, please contact: Jenny Venables, Seven Hills (on behalf of Tussell)
