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Carilion Clinic is a non-profit health system that offers primary, specialty and urgent care services across 250+ locations in Virginia. It also conducts research, education and community health programs.
Carillion plc was a British multinational construction and facilities management services company headquartered in Wolverhampton in the United Kingdom, prior to its liquidation in January 2018. Carillion was created in July 1999, following a demerger from Tarmac.
- Carillion employed a lot of people. Carillion may not have been a household name, but it employed 43,000 staff globally, around half of these in the UK.
- It had major construction projects across the UK. Carillion's building contracts spanned the country. They included the planned HS2 high speed railway line, the Royal Opera House, the Library of Birmingham, the Tate Modern, and the hoop-shaped building of GCHQ.
- Its finances looked healthy - until recently. In 2016, Carillion had sales of £5.2bn and until July boasted a market capitalisation of almost £1bn. But it ran into trouble after losing money on big contracts and running up huge debts.
- The company collapsed under £1.5bn debt. The firm finally buckled in January 2018 under the weight of a massive £1.5bn debt pile. Despite discussions between Carillion, its lenders and the government, no deal could be reached to save the company.
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13 hours ago · Carillion was the UK’s second-biggest contractor by turnover when it went under at the start of 2018, causing financial problems for multiple local authorities and subcontractors.
Oct 12, 2023 · The Financial Reporting Council said KPMG failed to spot Carillion's spiralling problems and breached relevant requirements in its accounting work. The collapse of Carillion in 2018 cost thousands of jobs and 450 building projects.
Oct 16, 2023 · Carillion was “the most spectacular corporate collapse for some time”, mused a 2018 parliamentary report into the construction and outsourcing firm’s demise.
Jan 15, 2018 · Construction giant Carillion is going into liquidation after its huge financial troubles finally overwhelmed it. The UK's second-largest construction company buckled under the weight of a whopping ...
