MD of UAE's Emrill says company unaffected by Carillion closure
Carillion, which is one of Emrill's shareholding partners, announced on 15 January, 2018, that it had taken steps to enter compulsory liquidation
Alex Davies, managing director (MD) of Emrill, said the UAE facilities management (FM) outfit is unaffected by the liquidation of UK-based support services mammoth, Carillion.
Emrill is owned by shareholding partners Al Futtaim, Carillion, and Emaar.
Responding to Construction Week's query regarding how Carillion's closure would affect Emrill, Davies said: "In light of the recent media coverage about one of its shareholders in the UK, Emrill advises that it is a profitable, independently-operated Dubai-based organisation, which is trading positively and grew its revenue in 2017 by approximately 10%.
"The day-to-day operations and ongoing concern of Emrill are not affected by the affairs of its shareholders."
International construction and support services group, Carillion, announced on 15 January, 2018, that it had taken steps to enter compulsory liquidation.
The development followed a meeting held on 12 January, 2018, between Carillion, its financial stakeholders, and the UK government.
No solutions were found that the end of the meeting, which was held to find options that would help reduce Carillion's debt and strengthen the group's balance sheet.