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 information, please contact: Jenny Venables, Seven Hills (on behalf of Tussell)