The state-owned RBS is a major creditor of Carillion. And heaven knows, it is all too familiar with the slide from illiquidity into insolvency. It was, after all, the largest banking casualty of the 2008 financial crisis, and was bailed out twice.

Why did Carillion go bust?

Carillion has gone under ending more than 100 years of history, leaving thousands of jobs at risk and a host of subcontractors facing the prospect of not being paid. The move came after discussions over the weekend between the firm, its lenders and the government failed to reach a deal to save the company.

What date did Carillion collapse?

“The collapse of Carillion, and other high-profile corporate failures, has resulted in thousands of workers losing their jobs,” Cartmail said on Wednesday, exactly two years since Carillion collapsed with £7bn of debt on 15 January 2018.