Carillion plc, trading on the OTC Markets under the symbol CIOIF, was a U.K.–based multinational facilities management and construction services company. Established in 1999 through the merger of Tarmac Construction and the facilities management arm of Wimpey, Carillion grew to become one of the largest government contractors in the U.K. and Canada. The firm’s core mission was to deliver integrated building, infrastructure and support services across public and private sectors.
Carillion’s principal business activities included the design, construction and maintenance of large-scale projects such as hospitals, schools, roads, rail systems and energy plants. In addition to new-build construction, the company provided soft facilities management services—ranging from cleaning and catering to security and grounds maintenance—under long-term contracts for clients in health, education, defense and transportation.
Geographically, Carillion maintained a strong presence in the United Kingdom and Canada, and developed a growing portfolio in the Middle East and the Caribbean. The company pursued public-private partnership (PPP) and private finance initiative (PFI) contracts to deliver social infrastructure projects, while also bidding on engineering and procurement assignments in oil & gas and utilities sectors. Carillion’s international strategy involved alliances with local contractors and targeted investments in emerging markets to diversify its project pipeline.
Over its history, Carillion’s leadership team included prominent executives such as chief executive Richard Howson, financial director Zafar Khan and non-executive chairman Philip Rogerson. Despite rapid expansion and high-profile wins, the company faced criticism over aggressive bidding practices and mounting debt. Following a period of profit warnings and balance sheet strains, Carillion entered compulsory liquidation in January 2018. The collapse triggered widespread scrutiny of risk management at major outsourcing and construction firms.
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