Carillion subcontractors urged to seek help to stay afloat
Carillion sub-contractors and other small firms which might be at risk due to the failure of the construction giant are being urged to seek professional advice at an early stage to help safeguard their future.
Paul Barber, North West chair of the insolvency and restructuring trade body R3, says firms which are owed money need to assess what impact it will have on their business and clearly understand their options.
Sub-contractors and suppliers are usually classed as unsecured creditors, and come behind secured creditors, such a... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
