Update on anticipated distributions

Current position

The Official Receiver and special managers of the 84 UK Carillion Group of Companies in liquidation ("Carillion Liquidation Companies"), can now provide an update on the anticipated distribution and closure of 74 UK subsidiaries in the Carillion Group together with the status of the remaining 10 companies.  

Details are now available for creditors wishing to register their interest in submitting a claim.

Update on the dividend prospects for 76 UK companies in the Carillion Group

An anticipated distribution schedule is available to provide an indication of whether there is likely to be a distribution to creditors.

Creditors should note the schedule is based on current information and any outcome for creditors is dependent on the value of the assets realised, the costs of realisation and administration costs of the liquidation estates. 

Therefore, this schedule is subject to change and cannot be relied upon as guidance as to the actual outcome for creditors and shareholders. Any person choosing to rely on this information for any purpose, or in any context other than insolvency legislation reporting, does so at their own risk.

You can view the schedule here.

Information for employees 

We expect all former employees to have submitted claims to the Redundancy Payments Service, and as such, no further action should be required at this stage. 

In the event of a potential distribution to employees, we will issue relevant notifications at the appropriate time.

Information for shareholders

No available funds are expected for returns to shareholders of the Carillion Liquidation Companies.

Information for creditors

Creditors should refer to the anticipated distribution schedule for the relevant Carillion company they believe they have a claim against.

For Carillion Liquidation Companies with no anticipated distribution, creditors do not need to take any further action.

Information for creditors of a Carillion company which is not in the schedule

Creditors owed  money by other Carillion companies subject to an insolvency process should refer to updates provided by those companies’ officeholders for details on the potential quantum and timing of any distributions from those companies.

How to register interest in submitting a claim

For the Carillion Liquidation Companies anticipated to make a distribution, creditors should register their interest to receive details on how to submit a claim by completing the attached form.

Following a registration of interest, at the appropriate time we will write to creditors who are eligible for a dividend separately with details on how to submit a claim. All claims will need to be supported by the required documentation.

What notification will creditors receive?

At the appropriate time, we will write to all known creditors of the Carillion Liquidation Companies  where a distribution is going to be made (per the creditor list obtained from the companies’ books and records) and any additional creditors who have registered their interest, to provide them with details on how to submit their claim.

Will costs incurred in preparing a claim be refunded?

We are unable to refund the costs of preparing a claim or expenses incurred in obtaining information necessary to make a claim.

Privacy statements:

https://www.pwc.co.uk/who-we-are/privacy-statement.html 

Personal information charter - The Insolvency Service - GOV.UK

This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.