“Carillion owed almost £7bn when it went bust at the start of the year, a far higher amount than had been previously thought.
The Official Receiver, a civil servant appointed by the courts to handle bankruptcies, estimated the construction giant had liabilities of £6.9bn when it entered liquidation three months ago. …
… While accounts had previously revealed liabilities of £2bn at the end of 2016, a letter from the Official Receiver, detailing reports for the 27 UK-based Carillion Construction companies in liquidation, estimated that total liabilities stand at £6,905,532,000.
A spokesman for the Official Receiver confirmed the figure, first reported by Construction News, but said that it was “expected to change significantly as assets and debts are fully identified”. …”