Carillion's pensioners were receiving reassurances about the future of the company just 12 hours before it went bust. A committee of MPs this week heard that Robin Ellison, chair of trustees of Carillion's Defined Benefit Pension Scheme, met with the collapsed contractor's directors on the afternoon of 14 January during talks with the firm's banks about a refinancing deal. The firm told the London Stock Exchange it had gone into liquidation the following morning but Ellison said: "The impression they gave me was that they felt that, if they could get over the cash flow issue, they thought that by the end of the month they would have refinanced the company. "I believe that they believed they had a plan for the survival of the company which was manageable. In the end it wasn't."
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