Clearview National February 2018 - Issue 195 | Página 13

INDUSTRYNEWS
and Labour MPs sought to blame the
government, either for continuing to award
contracts to a firm that had reported an
interim loss of £1.1bn in September, or
conversely for not doing enough to protect
employees and suppliers of Carillion.
Others urged the government and the
parties involved to protect the countless
independent contractors working on projects
for Carillion, which directly employs 20,000
people.
CRISIS HIGHLIGHTS
EMPLOYMENT RIGHTS
Tax adviser, Qdos Contractor, is calling
on the government, along with Carillion’s
liquidators, to consider the livelihoods of
independent contractors engaged directly and
indirectly by the company.
Seb Maley, Qdos Contractor CEO,
commented: “Each party in Carillion’s
supply chain will be impacted hugely by its
liquidation. So, this is a hugely worrying time
for all independent contractors engaged by
the company and its subcontractors.
“Much of the attention initially was
focused on the threat this puts Carillion’s
permanent employees under. But without
the safety of employment rights, every
independent contractor engaged by Carillion
- or through any of its sub-contractor
companies - will be fearing for their
livelihoods too.”
“Together, contractors contribute over
£119bn to the economy each year. Amid the
confusion and uncertainty, the government
and Carillion’s liquidators must consider the
wider impact that simply cutting ties with its
independent contractors would have on UK
contracting and the economy.”
SOME PROJECTS STAY ON TRACK
Some are offering reassurances that
Carillion’s collapse would not be impacting
their projects. Work continues for example
on the £800m Airport City development in
Manchester which is backed by investment
from the Manchester Airport Group and
Beijing Construction Engineering Group.
The government has confirmed it will
provide funding to ensure public contracts are
completed but will not bail out any private
creditors.
Speedy, the UK tools, equipment and plant
hire services company, is a supplier of hire
equipment and services to Carillion.
The group told Clearview it was committed
to supporting the delivery of projects as
planned. In a statement, it said: “It is intended
that any profit impact of Carillion’s compulsory
liquidation will be recorded as an exceptional
non-underlying charge in the income statement
for the year ending 31 March 2018.
“The impact of Carillion’s situation is
not expected to be material to the group
which had net debt at 31 December 2017
of £88.9m. The group remains on track to
deliver a result in line with expectations for
the f ull year.”
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