Carillion in compulsory liquidation

Overnight the government have said that all public sector contracts will be honoured from yesterday. Payment will be made to the Liquidator so he can pay the contractor. All payments for works carried out by the contractor before Carillion’s liquidation should be addressed to the Liquidator so as to go through the system ie 5p in the £ in about five years time.

All private contracts are to be dealt with by the contract provider. So merely a matter of finding a contractor - who will want it on a no risk basis at enhanced rates.