If your business has been affected by the Carillion insolvency, here's a summary of what support is available from Government.
Earlier this week, Carillion filed for compulsory liquidation. An Official Receiver has been appointed and contingency plans have been activated across Government. The Cabinet Office has announced that the government will continue to deliver all public sector services following the insolvency. The Official Receiver who works for the Insolvency Service (one of BEIS’s partner organisations) has been appointed by the court as liquidator along with partners at PwC that have been appointed as Special Managers.
The Pensions Advisory Service will provide free and impartial guidance for those in pension schemes affected by Carillion’s insolvency, through a dedicated helpline that has been established. The Insolvency Service can make payments out of the National Insurance Fund for unpaid pension contributions subject to statutory limits. The Pension Protection Fund is also available to pay out compensation in the case where a company can’t honour its liabilities to employees when it becomes insolvent.
Visit: https://www.pensionsadvisoryservice.org.uk/ or Tel: 0300 123 1047.
Support for Small Private Firms
In addition, the following resources are open to all workers and businesses affected by Carillion’s liquidation and to those who are seeking further information: