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Carillion
Carillion plc was a British multinational construction and facilities management services company headquartered in Wolverhampton in the United Kingdom, prior to its liquidation in January 2018. Carillion was created in July 1999, following a demerger from Tarmac. It grew through a series of acquisitions to become the second largest construction company in the United Kingdom, was listed on the London Stock Exchange, and in 2016 had some 43,000 employees (18,257 of them in the United Kingdom). Concerns about Carillion's debt situation were raised in 2015, and after the company experienced financial difficulties in 2017, it went into compulsory liquidation on 15 January 2018, the most drastic procedure in UK insolvency law, with liabilities of almost £7 billion. In the United Kingdom, the insolvency caused project shutdowns and delays in the UK and overseas (PFI projects in Ireland were suspended, while four of Carillion's Canadian businesses sought legal bankruptcy protecti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
KPMG
KPMG International Limited (or simply KPMG) is a multinational professional services network, and one of the Big Four accounting organizations. Headquartered in Amstelveen, Netherlands, although incorporated in London, England, KPMG is a network of firms in 145 countries, with over 265,000 employees and has three lines of services: financial audit, tax, and advisory. Its tax and advisory services are further divided into various service groups. Over the past decade various parts of the firm's global network of affiliates have been involved in regulatory actions as well as lawsuits. The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler". The initialism was chosen when KMG (Klynveld Main Goerdeler) merged with Peat Marwick in 1987. History Early years and mergers In 1818, John Moxham opened a company in Bristol. James Grace and James Grace Jr. bought John Moxham & Co. and renamed it James Grace & Son in 1857. In 1861, Henry Grace joined James Jr. and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Howson
Richard John Howson (born August 1968) is a British businessman, and the former chief executive (CEO) of Carillion, a British multinational facilities management and construction services company that went into liquidation in January 2018. Howson's "misguided self-assurance" was said to have contributed to the company's collapse. Early life Howson was educated at Settle College, and earned a bachelor's degree in construction management from Leeds Polytechnic. Career Early career Howson worked at Balfour Beatty, Bovis, and Tarmac before becoming operations director for the Carillion Building business in 1999. In March 2004 he was promoted to national construction director on the Carillion Building senior management team, before becoming managing director of Carillion Rail in 2006, and then managing director of Carillion's Middle East and North African operations in 2007. Howson was appointed chief operating officer of Carillion in September 2010. CEO of Carillion (2011-2017) H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philip Nevill Green
Philip Nevill Green CBE (born 12 May 1953) is a British business executive. He was chairman of Carillion from May 2014 until Carillion entered compulsory liquidation in January 2018. Green was chairman of BakerCorp from June 2011 until December 2017. Early life Philip Green was born on 12 May 1953 in Folkestone, Kent. He has a twin and is his parents' eldest son. He graduated from University College of Swansea and completed an MBA at London Business School. Career From 1977 to 1980, Green was vice-president, marketing of Crayonne (USA). From 1980 to 1985, he was managing director of the home furnishing division of the Coloroll group, becoming group development director in 1985, and then managing director from 1989 to 1990. In 1994, as a trustee of the Coloroll group's pension fund, he was found guilty of a breach of trust and of maladministration of the scheme by the Pensions Ombudsman. By this time, he was working for DHL, firstly as regional director for Northern Europ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Keith Cochrane
Keith Robertson Cochrane (born 11 February 1965) is a Scottish businessman and former chief executive of Weir Group, Stagecoach Group and Carillion plc (interim). In March 2019, he was appointed chief executive of Schenck Process. Early life Born in Edinburgh, Cochrane was educated at Dunblane High School, Perthshire, and studied accountancy at Glasgow University. He qualified as a chartered accountant with Arthur Andersen. Career Cochrane was Group Finance Director of Stagecoach Group plc from 1996, becoming Group Chief Executive in 2000. He then joined ScottishPower plc in 2003 as Director of Group Financial Reporting, and from 2005 was Group Director of Finance. Cochrane became Honorary Treasurer of the Royal Scottish National Orchestra in September 2008. On 2 November 2009 Cochrane became Group Chief Executive of Weir Group plc, having joined Weir as Group Finance Director in July 2006. He resigned as a director of Weir Group on 30 September 2016. Cochrane said that he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Reporting Council
The Financial Reporting Council (FRC) is an independent regulator in the UK and Ireland based in London Wall in the City of London, responsible for regulating auditors, accountants and actuaries, and setting the UK's Corporate Governance and Stewardship Codes. The FRC seeks to promote transparency and integrity in business by aiming its work at investors and others who rely on company reports, audits and high-quality risk management. In December 2018, an independent review of the FRC, led by Sir John Kingman, recommended its replacement by a new Audit, Reporting and Governance Authority, a recommendation followed by the government in March 2019. Ireland adopted the FRC's auditing framework in 2017. Structure The FRC is a company limited by guarantee, and is funded by the audit profession, who are required to contribute under the provisions of the Companies Act 2006 and by other groups subject to, or benefitting from FRC regulation. Its board of directors is appointed by th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Pensions Regulator
The Pensions Regulator (TPR) is a non-departmental public body which regulates work-based pension schemes in the United Kingdom. Created under the Pensions Act 2004, the regulator replaced the Occupational Pensions Regulatory Authority (OPRA) from 6 April 2005 and has wider powers and a new proactive and risk-based approach to regulation. The Occupational Pensions Regulatory Authority was established by the Pensions Act 1995 and came into full operation on 6 April 1997. It replaced the Occupational Pensions Board as the regulator of occupational pensions in the UK. The Pensions Regulator has a clear set of objectives: * to protect members’ benefits * to reduce the risk of calls on the Pension Protection Fund (PPF) * to promote, and to improve understanding of, the good administration of work-based pension schemes * to maximise employer compliance with automatic enrolment duties; * to minimise any adverse impact on the sustainable growth of an employer (in relation to the ex ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Big Four Accounting Firms
The Big Four are the four largest professional services networks in the world, the global accounting networks Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC). The four are often grouped because they are comparable in size relative to the rest of the market, both in terms of revenue and workforce; they are considered equal in their ability to provide a wide scope of professional services to their clients; and, among those looking to start a career in professional services, particularly accounting, they are considered equally attractive networks to work in, because of the frequency with which these firms engage with ''Fortune'' 500 companies. The Big Four each offer audit, assurance, taxation, management consulting, actuarial, corporate finance, and legal services to their clients. A significant majority of the audits of public companies, as well as many audits of private companies, are conducted by these four networks. Until the late 20th century, the ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neville Simms
Sir Neville Ian Simms (born 11 September 1944) is a British businessman and civil engineer who was CEO of Tarmac Group, Tarmac plc from 1992 to 1999. Career Simms was born in 1944 in Glasgow, Scotland, the son of naval officer Arthur Neville Simms MBE and his wife, Anne Davidson McCulloch. Simms was educated at Queen Elizabeth's Grammar School, Crediton, Queen Elizabeth's Grammar School in Crediton and King's College, Durham, which had become Newcastle University by the time he graduated with a first class honours degree in civil engineering in 1966, and then completed a post-graduate degree in engineering at University of Glasgow, Glasgow University in 1970. After training at Arup Group, Ove Arup, he joined a civil engineering contractor, A M Carmichael on the M9 motorway out of Edinburgh and when that firm went bust in 1970, the contract was taken over by Tarmac Group, Tarmac. He went on to become head of Tarmac Construction in 1988 and Group CEO of Tarmac in 1992. Simms bec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tarmac Group
Tarmac Group Limited was a British building materials company headquartered in Wolverhampton, United Kingdom. It produced road surfacing and heavy building materials including aggregates, concrete, cement and lime, as well as operating as a road construction and maintenance subcontractor. The company was founded in 1903 by Edgar Purnell Hooley after he patented the road surfacing material tarmac in 1901. The company was formerly listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index. In July 1999, Tarmac demerged its construction and professional services businesses under the name Carillion; the Tarmac building materials business was acquired by Anglo American later that year. In 2010, the group was separated into Tarmac Limited and Tarmac Building Products. Anglo American merged Tarmac Limited with the United Kingdom assets of Lafarge in 2013 to form a 50:50 joint venture, Lafarge Tarmac (now Tarmac Holdings). Tarmac Building Products ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Finance Initiative
The private finance initiative (PFI) was a United Kingdom government procurement policy aimed at creating "public–private partnerships" (PPPs) where private firms are contracted to complete and manage public projects. Initially launched in 1992 by Prime Minister John Major, and expanded considerably by the Blair government, PFI is part of the wider programme of privatisation and financialisation, and presented as a means for increasing accountability and efficiency for public spending. PFI was controversial in the UK. In 2003, the National Audit Office felt that it provided good value for money overall; according to critics, PFI has been used simply to place a great amount of debt "off-balance-sheet". In 2011, the parliamentary Treasury Select Committee recommended: In October 2018, the then-chancellor Philip Hammond announced that the UK government would no longer use PFI; however, PFI projects will continue to operate for some time to come. In 2021, Robert Naylor w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philip Rogerson
Philip Graham Rogerson (1 January 1945 – 19 May 2022) was a British businessman who served as the chairman of Bunzl and De La Rue. Early life Philip Graham Rogerson was born on 1 January 1945 to Henry and Florence Rogerson. He was a chartered accountant. Career Rogerson was chairman of Carillion from May 2005 to May 2014. He served as chairman of Bunzl from March 2010, and chairman of De La Rue from July 2012. Personal life and death Rogerson lived in the UK. He died on 19 May 2022, at the age of 77. References {{DEFAULTSORT:Rogerson, Philip Graham 1945 births 2022 deaths British businesspeople Bunzl people Carillion people ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wolverhampton
Wolverhampton () is a city, metropolitan borough and administrative centre in the West Midlands, England. The population size has increased by 5.7%, from around 249,500 in 2011 to 263,700 in 2021. People from the city are called "Wulfrunians". Historically part of Staffordshire, the city grew initially as a market town specialising in the wool trade. In the Industrial Revolution, it became a major centre for coal mining, steel production, lock making, and the manufacture of cars and motorcycles. The economy of the city is still based on engineering, including a large aerospace industry, as well as the service sector. Toponym The city is named after Wulfrun, who founded the town in 985, from the Anglo-Saxon ''Wulfrūnehēantūn'' ("Wulfrūn's high or principal enclosure or farm"). Before the Norman Conquest, the area's name appears only as variants of ''Heantune'' or ''Hamtun'', the prefix ''Wulfrun'' or similar appearing in 1070 and thereafter. Alternatively, the city may h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
