https://www.bloomberg.com/authors/ACUlR-gWt8k/guy-jubb RSS for Node Wed, 13 May 2026 13:42:30 GMT https://www.bloomberg.com/view/articles/2018-02-06/how-carillion-s-board-missed-the-looming-failure https://www.bloomberg.com/view/articles/2018-02-06/how-carillion-s-board-missed-the-looming-failure Tue, 06 Feb 2018 06:00:12 GMT A picture shows the branding of British construction company Carillion defaced with the words "bust" on the hoarding at the collapsed company's construction site at the Royal Liverpool University Hospital in Liverpool, northwest England, on January 16, 2018.The British government held an emergency meeting of ministers on January 15 over the implosion of construction-to-catering group Carillion, as criticism grows of its handling of the giant firm's demise. Carillion, which has a variety of private and public service contracts in britain and employs 43,000 staff worldwide, announced its immediate liquidation Monday after the heavily-indebted company failed to secure a last-ditch financial rescue from the government and banks. Carillion held a 335-million GBP contract to build the new Liverpool city hospital, the delivery of which was already delayed by the time the company went into liquidation, with a 30-year concession. / AFP PHOTO / Paul ELLIS (Photo credit should read PAUL ELLIS/AFP/Getty Images)