U.K. suppliers to Carillion Plc are desperately trying to figure out the impact of its failure on a vast network of businesses that had contracts with the indebted construction services company, according to the head of an industry lobby.
“Carillion outsourced everything, said Rudi Klein, chief executive officer of the Specialist Engineering Contractors Group, whose members include steel-working firms, electricians and plumbers. It was a management company, it wasnt a construction company or an infrastructure company.
Carillion, which obtained court approval on Monday for liquidation, provided management services, and sometimes not very well, Klein said in a telephone interview. Its payment performance to its suppliers was a…
Read the full article at: https://www.bloomberg.com/news/articles/2018-01-15/carillion-s-suppliers-fear-domino-effect-after-liquidation
