Around 300 of Carillion’s smaller rail suppliers are to be paid the arrears they are owed following a further agreement between the Official Receiver’s Special Manager, PwC, and Network Rail.
The agreement covers Carillion’s small rail suppliers’ arrears from Christmas through to 15 January when the company went into liquidation and will involve around two-thirds of Carillion’s rail supply chain.
This is in addition to last week’s announcement that all certified work after 15 January to all suppliers on rail projects will be paid until further notice and that Carillion rail employees will be paid until at least mid-April.
Matthew Steele, commercial director for Network Rail, said: “We recognise how challenging this period has been for our small suppliers. We hope that this will be some positive news to the hundreds of smaller companies up and down the country who have been worried about the impact on their business.
“PwC, together with our in-house task force and the Carillion teams, are carefully managing this difficult period to keep all our rail projects going, and are working hand-in-glove to find ways to support staff and suppliers alike.”
