The specialist engineering and technology recruiter acknowledged that historically it had provided recruitment solutions to Carillion and its subsidiaries, and is owed outstanding debts by the construction company. However, it revealed most of these are insured by a credit insurer.

Earlier this week, Carillion announced it is to go into liquidation after it failed to reach an agreement after talks with stakeholders had not proven successful.

Gattaca has assured investors that it expects the adverse impact of construction giant Carillion’s liquidation on its business to be minimal.

The group adds it estimates its uninsured balance sheet exposure to be less than £100k and therefore expects the impact of Carillion’s liquidation on its balance sheet will be minimal.

Gattaca will release a trading update for the six months to 31 January 2018 on 8 February.

• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is [email protected]