The quick and public demise of Carillion has been chewed over from every angle since the developer’s compulsory liquidation a couple of weeks ago. Amidst the gloom in the aftermath of the collapse was the government and industry’s relatively rapid response to how this would impact the thousands of suppliers that were put at risk
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Seven things small businesses can learn from the Carillion crisis
by Ben Lobel • • 0 Comments
Carillion was the second largest construction firm in the UK, but it began experiencing financial difficulties in 2017, and went into compulsory liquidation on January 15. What can small businesses take away from the Carillion crisis? 1. Manage your margins Construction firms often operate on low margins but, where projects overrun or costs rise, low
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