“I heard it on Radio Four when I was getting up. They must have just done the stock market announcement. And very quickly we started getting emails inviting us to conference calls at 8 o’clock with the CEO.” This anonymous insider, a middle manager at Carillion, was just one of thousands caught up in the outsourcing giant’s extraordinary demise. The company, which built roads, cleaned hospitals and fed schoolchildren around the country, had touted record annual profits and revenues just 18 months earlier. And while it had been in crisis mode for months following the discovery of an £845m black hole in its accounts, it continued to win government work including lucrative High Speed 2 contracts… To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per week Register for free Register for free to continue reading this article Register Or unlock all Premium articles, free for 30 days Start trial Already have an account? Login Want to learn more? View all subscriptions
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