{"id":88030,"date":"2018-01-16T12:10:00","date_gmt":"2018-01-16T12:10:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=788c2ec5b0611326d0a869cefeaaa493"},"modified":"2018-01-16T12:10:00","modified_gmt":"2018-01-16T12:10:00","slug":"press-release-business-secretary-outlines-departmental-action-following-carillion-liquidation","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=88030","title":{"rendered":"Press release: Business Secretary outlines departmental action following Carillion liquidation"},"content":{"rendered":"<div class=\"govspeak\">\n<ul>\n<li>Business Secretary Greg Clark confirms he has asked Insolvency Service to fast-track investigation into Carillion\u2019s directors and broaden scope to include those directors previously employed<\/li>\n<li>Business Secretary hosts meeting with leading business and construction trade bodies, representing Carillion\u2019s sub-contractors<\/li>\n<\/ul>\n<p>The Business Secretary Greg Clark has today (16 January 2018) outlined the steps the business department has taken following the <a href=\"https:\/\/www.gov.uk\/government\/news\/government-protects-essential-public-services-as-carillion-declares-insolvency\">liquidation of Carillion<\/a>.<\/p>\n<p>Following the appointment of the Official Receiver as liquidator, the Business Secretary has <a href=\"#letters\">written to the Insolvency Service and the Official Receiver<\/a> asking that the statutory investigation into the conduct of Carillion\u2019s directors is fast-tracked and extended in scope.<\/p>\n<p>This means the Official Receiver\u2019s investigation will consider whether those who are, or were previously directors of the company may have caused detriment to those owed money, including workers and businesses affected.<\/p>\n<p>Alongside this, the Business Secretary has also <a href=\"#letters\">written to the chairman of the Financial Reporting Council (<abbr title=\"Financial Reporting Council\">FRC<\/abbr>)<\/a>, Sir Win Bischoff, and asked it to conduct an investigation into the preparation of Carillion\u2019s accounts past and present, as well as the company\u2019s auditors.<\/p>\n<p>Greg Clark said:<\/p>\n<blockquote>\n<p>It is important we quickly get the full picture of the events which caused Carillion to enter liquidation, which is why I have asked the Insolvency Service to fast-track and broaden the scope of the Official Receiver\u2019s investigation.<\/p>\n<p class=\"last-child\">In particular, I have asked that the investigation looks not only at the conduct of the directors at the point of its insolvency, but also of any individuals who were previously directors. Any evidence of misconduct will be taken very seriously.<\/p>\n<\/blockquote>\n<p>The Business Secretary also chaired a meeting yesterday (15 January) with leading business and construction trade bodies, representing Carillion\u2019s sub-contractors including representatives from the construction sector:<\/p>\n<ul>\n<li>Build UK<\/li>\n<li>Civil Engineering Contractors Association<\/li>\n<li>British Constructional Steelwork Association<\/li>\n<li>Building Engineering Services Association<\/li>\n<li>Federation of Master Builders<\/li>\n<li>Construction Products Association<\/li>\n<li>Electrical Contractors\u2019 Association<\/li>\n<li>Specialist Engineering Contractors Group<\/li>\n<\/ul>\n<p>Also invited were representatives of leading business bodies with the Federation of Small Businesses (<abbr title=\"Federation of Small Businesses\">FSB<\/abbr>), the British Chambers of Commerce (<abbr title=\"British Chambers of Commerce\">BCC<\/abbr>) and the Institute of Directors (<abbr title=\"Institute of Directors\">IOD<\/abbr>) in attendance.<\/p>\n<p>Later today, the Business Secretary will meet the General Secretaries of the <abbr title=\"Trades Union Congress\">TUC<\/abbr> and Unite, Frances O\u2019Grady and Len McCluskey, to discuss the impact on employees affected by Carillion\u2019s insolvency.<\/p>\n<p>The department has also outlined the resources open to those workers and businesses affected by Carillion\u2019s liquidation who are seeking further information, including:<\/p>\n<ul>\n<li>a <a href=\"https:\/\/www.gov.uk\/government\/news\/carillion-declares-insolvency-information-for-employees-creditors-and-suppliers\">web page<\/a> set up by the Insolvency Service for those affected and seeking advice<\/li>\n<li>a <a rel=\"external\" href=\"https:\/\/www.pwc.co.uk\/carillion\">dedicated website<\/a> set up by the Special Managers, <abbr title=\"PricewaterhouseCoopers\">PWC<\/abbr>, as well as a dedicated helpline \u2013 0800 063 9282<\/li>\n<li>a hotline set up for any employee worried about their pension situation on these specific pension schemes \u2013 020 7630 2715<\/li>\n<li>for more general advice on business support, the <abbr title=\"Department for Business, Energy and Industrial Strategy\">BEIS<\/abbr> Business Support Hotline can also provide information \u2013 0300 456 3565<\/li>\n<li>Jobcentre Plus, through its Rapid Response Service, also stands ready to support any employee affected by this announcement<\/li>\n<\/ul>\n<p>Alongside this, the department\u2019s network of 38 Local Growth Hubs, run in conjunction with the Local Enterprise Partnership (<abbr title=\"Local Enterprise Partnership\">LEP<\/abbr>), is also on hand to help businesses of all sizes and in all sectors to access support.<\/p>\n<h2 id=\"letters\">Letters<\/h2>\n<ul>\n<li>\n<p><span id=\"attachment_2495971\" class=\"attachment-inline\"><br \/>\n<a href=\"\/government\/uploads\/system\/uploads\/attachment_data\/file\/674070\/carillion-letter-sos-insolvency-service.pdf\">Carillion liquidation: letter to the Insolvency Service <\/a><br \/>\n(<span class=\"type\"><abbr title=\"Portable Document Format\">PDF<\/abbr><\/span>, <span class=\"file-size\">49.6KB<\/span>, <span class=\"page-length\">1 page<\/span>)<br \/>\n<\/span><\/p>\n<\/li>\n<li>\n<p><span id=\"attachment_2495972\" class=\"attachment-inline\"><br \/>\n<a href=\"\/government\/uploads\/system\/uploads\/attachment_data\/file\/674071\/carillion-letter-sos-frc.pdf\">Carillion liquidation: letter to the Financial Reporting Council<\/a><br \/>\n(<span class=\"type\"><abbr title=\"Portable Document Format\">PDF<\/abbr><\/span>, <span class=\"file-size\">46.8KB<\/span>, <span class=\"page-length\">1 page<\/span>)<br \/>\n<\/span><\/p>\n<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The business department sets out the steps being taken following Carillion\u2019s liquidation.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/88030"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=88030"}],"version-history":[{"count":1,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/88030\/revisions"}],"predecessor-version":[{"id":88043,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/88030\/revisions\/88043"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=88030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=88030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=88030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}