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AG Midgley; London

Expertise in Planning, Scheduling and Delay Analysis in Engineering and Construction

What really happened at Carillion?

  • Jan 26 / 2018
  • Comments Off on What really happened at Carillion?
Practice Updates

What really happened at Carillion?

For those who are interested in the facts, the attached parliamentary report should make an interesting read.

Parliamentary report into the collapse of Carillion

…When dividends are paid on the basis of expected profits, the company is effectively borrowing money to pay its shareholders…

…In the five years from 2012 to 2016, Carillion paid out £217 million more in dividends than it generated in cash from its operations…

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