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The team at Forbes Burton in Grimsby is set to help those affected by the liquidation of Carillion.
Many companies have encountered problems since the collapse of Carillion, Forbes Burton are offering free advice clinics for those who need help.
Forbes Burton

Forbes Burton Offers Free Advice for Companies Hit by Carillion

Is your business struggling to cope in the wake of the recent Carillion collapse? Not sure where to turn? Grimsby-based company rescue and recovery specialist Forbes Burton is offering free consultations to advise companies on the best course of action.

Forced into compulsory liquidation just a few weeks into 2018, construction giant Carillion’s mismanagement and lack of foresight has led to hundreds of companies being left unpaid or stuck with bills connected to important contracts.

As the liquidation has taken place, more of the supply chain is starting to feel the squeeze. It is estimated that around 43,000 jobs are at risk globally at Carillion and more than 30,000 suppliers around the UK are still owed money by the company. The liquidation came with the news that the company has debts of about £1bn and a £600m pension deficit and is being investigated by the Financial Conduct Authority over announcements made between December 2016 and July 2017.

Director at Forbes Burton Rick Smith said: “We’ve been working with companies locally and nationally for the last ten years and we know the problems and challenges they face. We were receiving calls from sub-contractors working with Carillion long before the liquidation. This has been brewing for a long time.

“The knock-on effect of the collapse of Carillion will take some time to be fully felt and we’re only just seeing the start of the impact. Forbes Burton has supported companies in the Lincolnshire and Humber regions since we began and to show our support for the area we are offering free advice to any businesses affected by the collapse.

“Our company insolvency specialists will be running free clinics to anyone who has, or will, be affected by the liquidation of Carillion.”

Staff from Forbes Burton can offer advice on matters from business recovery and turnaround through to contracts and employment matters.

Rick added: “It is important that people and companies affected know what options are available to them. We can hold the clinics at our office in Grimsby or by conference call.”

To arrange an appointment, call Forbes Burton on 01472 254914 or email advice@forbesburton.com

To find out more about Forbes Burton, visit www.forbesburton.com


Notes for editors:

  • Based on Freeman Street in Grimsby, Forbes Burton Limited is a company turnaround and recovery specialist and has over 30 years’ experience in helping SMEs and micro businesses with a range of financial issues.
  • Incorporated in 2009, the company prides itself on providing honest and clear advice every step of the way.

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