16 January 2018
15 January 2018
3 January 2017
10 July 2017
2015 to 2017
Fast track investigation commenced by Official Received on government instructions.
Carillion enters compulsory liquidation with liabilities of approximately £7bn.
FCA begins investigation into Carillion’s public announcements.
Carillion announces a £845m impairment charge primarily relating to three large, unprofitable projects and its CEO (Richard Howson) steps down. Over the coming months, four more directors step down.
Analysts and hedge funds voice criticism of the company’s financial position and debt burden.
6 August 2018
7 June 2018
16 May 2018
30 January 2018
29 January 2018
Trading phase of liquidation ends.
National Audit Office publishes investigation.
Parliamentary inquiry report published.
Directors are summoned before the Business and Work and Pensions Select Committee. Various parliamentary hearings continue into March 2018.
FRC commences investigation into Carillion’s auditor.
July 2022
16 May 2022
13 January 2021
13 November 2020
FCA fines three directors for misleadingly positive statements (amounts ranging from £154,400 to £397,800).
FRC fines Carillion's auditor £14.4m for audit misconduct.
IS commences disqualification proceedings against three executive directors and five NEDs.
FCA finds that directors acted recklessly in respect of market action.
13 October 2023
12 October 2023
3 July – October 2023
February 2023
Discontinuation of remaining disqualification proceedings.
FRC issues accounts mishandling fine against Carillion's auditor of £21m, together with costs.
IS disqualification proceedings against executive directors with lengthy agreed disqualification orders.
Private settlement reached between Carillion's auditor and its liquidators.
