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Carillion

May 2026

  • A Carillion sign on a fence in front of a construction site with red tower cranes and scaffolding above

    Five former Carillion executives banned by accountancy regulator

    Richard Adam, Zafar Khan and three others are also fined by Financial Reporting Council

February 2026

  • Former Carillion chief executive Richard Howson answers questions at a Commons committee hearing

    Former Carillion chief fined by FCA for role in misleading investors

    Watchdog reduces Richard Howson’s fine to £237,700 after he withdraws challenge to punishment

January 2026

  • Nils Pratley

    Nils Pratley on finance
    double quotation markThe UK government’s retreat from Carillion audit reforms is feeble

    Nils Pratley
  • Carillion logo can be seen on the back of an orange hi-vis vest

    FCA fines two former Carillion directors for misleading investors before collapse

January 2024

  • Nils Pratley

    Nils Pratley on finance
    double quotation markTweaks, delays and compromises define UK’s post-Carillion response

    Nils Pratley
  • Richard Howson walks past photographers

    Disgraced ex-Carillion boss lands senior US role months after UK boardroom ban

October 2023

  • Nils Pratley

    Nils Pratley on finance
    double quotation markCarillion and the government’s shameful inertia on reform

    Nils Pratley
  • KPMG signs at an exhibition

    KPMG boss says Carillion auditing was ‘very bad’ as firm is fined record £21m

July 2023

  • A crane stands on a Carillion construction site in central London in 2018

    Ex-Carillion finance chief given 11-year company director ban

    Zafar Khan’s disqualification comes more than five years after outsourcing firm’s collapse

February 2023

  • The construction site for Royal Liverpool university hospital when works were interrupted in 2018 by the collapse of the contractor Carillion.

    KPMG settles £1.3bn lawsuit from Carillion creditors over alleged negligence

    Collapse of outsourcer in 2018 with debts of £7bn came after annual accounts were approved by KPMG

July 2022

  • Carillion crane

    Ex-Carillion executives face £1m in fines over ‘market abuse’ claims

    Richard Howson, Richard Adam and Zafar Khan appeal against watchdog findings that they ‘acted recklessly'

May 2022

  • KMPG offices

    KPMG to be fined £14m for forging documents over Carillion audit

  • Nils Pratley

    Nils Pratley on finance
    double quotation markA North Sea oil windfall tax won’t raise much but every little bit helps

    Nils Pratley

February 2022

  • A worker takes down a sign showing the name of liquidated British construction and outsourcing group Carillion from a crane on a building site in London in 2018

    KPMG being sued for £1.3bn over Carillion audit

    UK official receiver brings unprecedented action as part of its duty to try to maximise returns for creditors of collapsed firm

January 2022

  • A crane stands on a Carillion construction site in central London, 2018

    Carillion tribunal: KPMG ex-partner denies forging documents

  • a crane on a carillion building site

    Carillion tribunal: Former KPMG staff turn on each other

  • A worker lowering a Carillion sign at a construction site in 2018.

    KPMG says accounting regulator ‘was misled’ over Carillion audits

  • Carillion building site

    Observer business agenda
    Carillion fell quickly, but the auditing profession is now dragging its feet

September 2021

  • A crane on a Carillion construction site in 2018

    UK regulator issues complaint to KPMG over Carillion and Regenersis audits

    Firm accused of providing false and misleading information to Financial Reporting Council

June 2021

  • Idle cranes above Midland Metropolitan Hospital

    Carillion collapse: liquidator expected to make £250m claim against KPMG

    Lawyers for Insolvency Service likely to allege that KPMG did not examine Carillion’s accounts properly
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