Carillion: Liquidation – Statement

Statement from James Wates CBE following announcement of Carillion plc going into liquidation.

Following today’s announcement of the appointment of the Official Receiver as Liquidator of Carillion plc, Wates Group have issued a statement:

We are saddened to see a construction company of Carillion’s stature failing in this manner. It is a sad day for the industry.
 
It was evident that Carillion had been in difficulties for some time, but we at Wates were keen to do what was right to help safeguard the company’s future, as a key player in the construction industry.
 
This was behind our decision to offer to release Andrew Davies early from his contract at Wates, in order that he could take up his role there as CEO.”
 
James Wates CBE, Chairman, the Wates Group