Carillion – Cash vs Profit

Dave JonesBusiness Matters, Finance for Non-Financial Managers0 Comments

On Monday 15 January, Carillion plc, the UK’s second largest construction company went into liquidation after losing money on major contracts and running up huge debts. At the point of collapse Carillion had nearly £900m of debt on their balance sheet and a pension deficit of £587m. The company was in such a mess that administration was not an option, … Read More