Engineer hurt after Carillion

ENGINEER Van Elle expects to write-off about £1.6m owed to the firm by collapsed builder Carillion.

Chief executive Jon Fenton said it also had £2.5m worth of work with Network Rail, connected to Carillion, lined up for the second half of the year, which was now uncertain.

He said that would dent expectations for the year, but it declared an interim dividend of 1.4p per share.

Based in Nottingham, Van Elle prepares sites for building and rail maintenance. Yesterday, it said half-year revenue for the six months ending October 31 was up 22.1pc to £52.6m. Profit rose 18.7pc to £8.4m.

it is one of 30,000 firms owed around £1bn by Carillion which went into compulsory liquidation on January 15 with only £29m in the bank.