Concession of East Port Said Liquid Bulk Terminal
(LPG and Gas Oil Tank Farm)
- UK
- Naya Capital Management
- 2015-2016
- USD 5.2 Billion
- Advisory Services
- Assess the balance sheet against the actual performance of the business.
- Risk Assessment
- Provide insight into the recognised revenue and profit on selected Carillion projects worldwide.
- Achievement
Despite the extensive size and well-established presence of the business in the UK and globally, ProcGlobal successfully identified and reported the anticipated risk of collapse based on:
• Revenue Recognition Practices – aggressive revenue recognition, booking profits on projects before actual completion.
• Debt-Fueled Growth.
• Delayed Payments.
• High Dividend Payouts.
• Project Delays and Cost Overruns.
• Rising Pension Deficit.
Carillion plc was a major British multinational construction and facilities management company operating across the UK and internationally. Before its collapse in January 2018, Carillion was one of the largest construction companies in the UK, known for delivering high-profile infrastructure projects, public-private partnership (PPP) ventures, and facilities management services.