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Good to see that although the Carillion workforce and pensioners have been screwed the big 4 accountancy firms have managed to extract £71M in fees with PwC managing to trouser £21M. And they wonder why these guys get a bad wrap...

No worries. Nasty times indeed. Unfortunately a lot of innocent, hardworking companies and individuals will get caught up in this nightmare before it’s finished. It looks a little more promising now with the government, banks and even HMRC realizing the need to act swiftly rather than endless...

From your eloquent explanation of retention I assume you are a QS as well ! I couldn't be bothered to go into the detail. Lucky it wasn't over here that it happened - they hold 10% typically. CIOB are now saying that 30,000 firms could be at risk. I remember working with Carillion when I...

One of the on line construction trade papers is saying that Carillion is holding more than £800M in retention payments against its sub-contractors. This is money that is withheld contractually against its sub-contractors and, normally, is paid once the sub-contractors have met their contractual...