It has been announced that Carillion has been placed into Compulsory Liquidation also known as a Compulsory Winding Up (CWU). Normally, the insolvency of a giant corporation such as this is via an administration so what is different here? Here Philip Cake, Manager at Gibson…

Although the news that Carillion has been wound up by the court is not unexpected, given the recent coverage in the press, the full impact of its liquidation will come as a surprise to key creditors, stakeholders and employees.