Carillion – early warning

David Eaton (+44 (0)7985 281168, dsaeaton@fraudriskanalysis.com) is the CEO of Fraud Risk Analysis (www.fraudriskanalysis.com), which analyses companies and other organisations from a risk of fraud perspective and raises ‘red flag’ findings where it believes there are grounds for potential concern.Disclaimer: For the avoidance of doubt, this article makes no insinuation or inference of misconduct or fraudulent activity in the case of Carillion, its directors, employees or agents. We endeavour to make sure that the information contained in this article is accurate, but we cannot guarantee that it is accurate or complete. We make no warranty, express or implied, about the accuracy or reliability of the information above.

The size and speed of the collapse of Carillion has predictably resulted in hard-hitting questions from all parties - creditors, shareholders, regulators, politicians, etc. – as to how and why it happened and could it have been prevented. David Eaton, CEO of Fraud Risk Analysis ( www.fraudriskanalysis.com) finds the danger signs were clear, at least as far back as the 2016 annual report and accounts.