Carillion was left with just £29m in cash when it collapsed, according to a document that reveals the extent of the construction companys financial black hole.
Papers seen by the Financial Times show the insolvent construction company owed £1.29bn to its banks, including a £790m revolving credit facility and £349m in private placement notes.
Keith Cochrane, the companys interim chief executive, has stated in a document for the companys insolvency process that there was so little funding available that the consultants PwC and EY both rejected requests that they be taken on as administrators amid concerns they w…
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