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Piling and groundworks contractor Van Elle has said that it is on the hook for 拢1.6m following Carillion鈥檚 implosion yesterday.

In a Stock Exchange update this morning, the Nottinghamshire-based firm, which in its last set of results reported income of 拢94m and a pre-tax profit of 拢9.3m, said it was owed the money following its work for Carillion on a series of Network Rail jobs.

In a statement, it said: 鈥淭he Group successfully undertook several contracts for Carillion during December in respect of which, payment has been applied for but not yet been received, and work has continued on some of these contracts into January 2018. As a result, Van Elle鈥檚 outstanding debt and work-in-progress exposure with Carillion is approximately 拢1.6m.鈥�

It said that it was speaking to Carillion and the Official Receiver about trying to get the money back.

But it admitted: 鈥淪hareholders should note that, in the event that Van Elle is unable to recover any monies owed, there would be an adverse financial impact on the Group.鈥�

Van Elle said around 拢2.5m of expected revenue it had coming from jobs for Carillion in the second half of its financial year was also up in the air.

It added: 鈥淚t is too early to say whether there will be any effect on the commencement or completion dates of contracted work with Carillion, or what impact these developments will have on future work programmes, either in the rail sector or elsewhere, but the Group will monitor the situation closely and make further announcements as necessary.鈥�

Van Elle is just the latest listed contractor to admit that Carillion鈥檚 collapse will have financial repercussions for the business.

Balfour Beatty and Galliford Try have already said that Carillion鈥檚 failure has left them facing an additional 拢80m bill for their work on a road scheme in Scotland, where the pair were carrying out work on a bypass around Aberdeen.

Morgan Sindall said the impact of the firm鈥檚 demises on two joint venture road jobs would be minimal but electrical contractor T Clarke said it was facing losses of 拢100,000 as a result of Carillion鈥檚 collapse.

And tool hire firm Speedy Hire admitted that its numbers might be hit by Carillion鈥檚 collapse when it publishes its next set of annual results.

The firm said in a Stock Exchange announcement yesterday afternoon that its business with Carillion was 拢12m last year and that it was owed 拢2m.