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Carillion was running a debt book of around £1.5 billion. Showing that no business is safe from collapse if the business is not sound in process as well planned as it can be regardless of size.
But what lessons can be learnt here? Companies don’t just become big overnight so how did this happen and what are the ripple effects on staff being out of work and the suppliers being left high and dry? I’m sure with that massive amount of debt some smaller businesses will be at risk of not surviving.
Want to know more? have a look at what the BBC has to say and leave your comments below
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