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Carillion was left with just £29m before going bankrupt

Carillion was left with just £29m before going bankrupt

Business
Media playback is unsupported on your deviceCarillion was in talks with the government since October as part of a desperate bid to stave off collapse, according to the chief executive.Keith Cochrane says the construction giant was left with just £29m in cash by the time it went bust on Monday.Until the last moments, directors still believed a rescue was possible, but banks became more demanding, he said.The details are included in a document Mr Cochrane has prepared as part of the insolvency process.His statement sets out attempts to save Britain's second biggest construction company after three profits warnings and a collapse in the share price.Efforts to sell off parts of the business failed and Carillion's banks became more demanding, only agreeing fresh funding under tight new conditio...