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It was a dramatic end for government super-contractor Carillion when it crashed into insolvent liquidation in January 2018. Part-completed road projects, unfinished hospital buildings and disruption to hospital cleaning and catering heralded the end of this self-styled “integrated support services business”.
Carillion owed its creditors over £1.5 billion, and when matters came to a head on the back of asset write-downs and a plummeting share price, the government refused to mount a rescue. In the end over 3,000 employees lost their jobs and many supplier firms lost contracts, with domino insolvencies spreading from the rotten core of Carillion.
Now comes the possibility of a regulatory reckoning, at least for eight directors of the public limited company. The government’s Insolvency Service has announced that it is bringing directors’ disqualification proceedings against these former directors for their alleged role in running the construction and infrastructure c ....

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