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Written question asked by Lord Kennedy of Southwark (Labour) on Monday, 17 June 2019, in the House of Lords. It was due for an answer on Monday, 1 July 2019. It was answered by Lord Henley (Conservative) on Thursday, 27 June 2019 on behalf of the Department for Business, Energy and Industrial Strategy.


Kier Group

Question

To ask Her Majesty's Government what assessment they have made of the restructuring of infrastructure and development company Keir, particularly in relation to concerns over their financial position.

Answer

The restructuring announced by Kier on 17 June is a commercial decision for the company. The delivery of public services is not affected by Kier’s recent announcement and we are confident that the company can continue to fulfil their contracts with the government. We remain in close communication with Kier’s management and will continue to discuss their proposed changes.

We continue to monitor the financial health of all of our strategic suppliers, including Kier.


Secondary information

Type
Written question
Reference
HL16413
Session
2017-19
Subjects
Finance Reorganisation Kier Group
Link
View this Written question on www.parliament.uk