Rail News

Carillion’s Smaller Rail Suppliers to be Paid Arrears

Around 300 of Carillion Construction Ltd’s smaller rail suppliers are being paid the arrears they are owed following a further agreement between the Official Receiver’s special manager, PwC, and Network Rail.

The agreement covers Carillion’s small rail suppliers arrears from Christmas time through to 15 January when the company went into liquidation and touches around two-thirds of Carillion’s rail supply chain.

Smaller Rail Suppliers
Network Rail and PwC are continuing to explore and investigate arrears owed to other, bigger rail suppliers and how they can best be dealt with © Network Rail

This is in addition to last week’s announcement that all certified work after 15 January to all suppliers on rail projects will be paid until further notice and that Carillion rail employees will be paid until at least mid-April.

Matthew Steele, commercial director, said:

“We recognise how challenging this period has been for our small suppliers. We hope that this will be some positive news to the hundreds of smaller companies up and down the country who have been worried about the impact on their business. These small organisations are a critical part of our supply chain both now and in the future.

“PwC, together with our in-house task force and the Carillion teams, are carefully managing this difficult period to keep all our rail projects going, and are working hand-in-glove to find ways to support staff and suppliers alike.”

Original article © Network Rail.

News categories

    04 Feb 2019
    11 Must-Read Rail News Stories – Industry Insider for Week 5
    01 Feb 2019
    UK: Preferred Bidders for Network Rail Contracts Announced
    08 Jan 2019
    British Steel Invests £1.4m in New Distribution Fleet
    03 Dec 2018
    12 Must-Read Rail News Stories for Week 48
    29 Nov 2018
    Scotland: First Successful Electric Train Test Run on Stirling-Alloa Line
    27 Nov 2018
    UK: New Faster Safer Isolations Technology to Save Time and Improve Worker Safety
    26 Oct 2018
    Tram Train Enters Service Between Sheffield and Rotherham in a UK First
    11 Oct 2018
    UK: Rail Week 2018 Promotes Careers in the Industry
    Subscribe to Railway-News
    Get the latest contract alerts and Railway News emailed directly to your inbox.

    We respect your privacy and take protecting it seriously.

    Please tick to confirm you would like to receive emails we think may be of interest to you. We sometimes tailor the content you see to what we think you'll find interesting, and so monitor your interaction with our website and email content (find out more).