Administration would put at risk the jobs "at least some" of the 19,500 people employed by the firm, Sky News said.
According to the Press Association, Carillion's lenders - which include Barclays, HSBC and Santander - rejected the plan because it did not present enough of a restructuring plan for the business.
It said the firm remained in constructive dialogue about short term financing while "longer term discussions are continuing".
Any agreement was likely to involve the raising of new capital and the conversion of existing debt to equity, which would result in "significant dilution to existing shareholders", it said in a statement.
Carillion is holding crisis talks with United Kingdom government representatives on Friday, which Sky News said were aimed at safeguarding the more than 28,000 pension scheme members who face potential cuts to retirement payments should Carillion fail.
As well as employing 19,500 people in the United Kingdom, it is one of the government's biggest contractors.
But it is perhaps best known for being one the largest suppliers of services to the public sector.
It also supports schools with health and safety and grounds maintenance.
"As Carillion is a major supplier to government, it should come as no surprise that we are carefully monitoring the situation while working to ensure our contingency plans are robust".
United Kingdom shadow business secretary Rebecca Long-Bailey said: "The collapse of Carillion could provoke a serious crisis".
Employing 19,500 people in the United Kingdom and 43,000 in total around the world, Carillion will today meet the UK's Pension Regulator and the pension rescue body, the Pension Protection Fund, because included in Carillion's liabilities is a pension shortfall of £587m.
The assistant general secretary of the Unite union, Gail Cartmail, said: "The government must consider all options while the future of Carillion hangs in the balance, including bringing contracts back in-house".
The developer tabled a business restructure plan on Wednesday but it is understood it failed to convince its lenders it was a strong enough proposition.
The reported that David Lidington, who was moved to the Cabinet Office as part of Prime Minister Theresa May's reshuffle this week, convened the meeting with Business Secretary Greg Clark, new Justice Minister Rory Stewart, new Transport Minister Jo Johnson and Liz Truss, Chief Secretary to the Treasury.
The person familiar with the situation, who asked not to be named due to the sensitivity of the situation, said the government needed to get involved to help prop up the supplier.
"We are committed to maintaining a healthy supplier market and work closely with our key suppliers".
Adding to the pressure on the small cap firm - which issued three profit warnings in less than six months a year ago and has seen its market value collapse by 90% - was a recommendation from broker Peel Hunt to sell the stock ahead of forthcoming newsflow.
By 4.00pm, Carillion shares were down 29.4%, or 5.88p to 14.11p, having hit a low of 12.5p after the reports emerged, after being more modestly lower this morning.
A government spokesperson said: "We can confirm that a ministerial meeting took place yesterday, 11 January".
The 30-year-old southpaw had a 5.09 ERA and 2.09 WHIP in 23 games in Chicago after coming over at the trade deadline last season. The Cubs also avoided arbitration with shortstop Addison Russell , settling at $3.2 million, according to the Sun-Times.
Also, CFO Mark Fioravanti sold 20,000 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, December 6th. Inc. owned approximately 0.61% of Ryman Hospitality Properties worth $14,887,000 as of its most recent filing with the SEC.
Bradbury's novel was set in the future where he was predicting having screens on the wall that you could interact with. Bradbury was concerned about mass entertainment - Reader's Digest , short soundbites.
Analysts await Sensata Technologies Holding N.V. (NYSE:ST) to report earnings on February, 1. 26,316 are owned by One Association. John Kim decreased its stake in Sensata Technologies (ST) by 25.61% based on its latest 2017Q3 regulatory filing with the SEC.
Since September 7, 2017, it had 0 buys, and 16 sales for $1.80 million activity. (NASDAQ:KFRC) was sold by STRUZZIERO RALPH. The investment managers in our partner's database now have: 180.04 million shares, up from 176.11 million shares in 2017Q2.
Montag And Caldwell Lc reported 0.01% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). 48,984 are held by Meritage Port. Bbva Compass Savings Bank holds 120,299 shares or 0.41% of its portfolio. (NYSE:JPM). 16,546 were reported by Signaturefd Ltd.
South Texas Money Management Ltd.'s holdings in UnitedHealth Group were worth $906,000 as of its most recent filing with the SEC. In related news, Director Kenneth Irwin Shine sold 457 shares of the company's stock in a transaction on Tuesday, November 14th.
Once he enters the guilty plea, Garofano will face a statutory maximum sentence of five years in federal prison, authorities say. Co-conspirators: Edward Majerczyk (left), 29, from Chicago, was sentenced previous year to nine months in federal prison.
Following the completion of the sale, the director now owns 84,394 shares in the company, valued at $6,000,413.40. It operates through three divisions: Hotel Operations, Real Estate Operations, and Investment Transactions.
The new non-stop Kansas City (MCI) service to Keflavik airport will operate three times a week on Monday, Wednesday and Saturday. The airport says travelers will be able to connect to more than 25 popular destinations in continental Europe from Reyvjavik.
The EW Scripps Company (NYSE:SSP) Ratios in The Spotlight
The investment managers in our partner's database reported: 827.83 million shares, up from 823.00 million shares in 2017Q2. Iguana Healthcare Management Llc sold 10,000 shares as the company's stock declined 3.22% while stock markets rallied.
Pound hits highest level since Brexit vote
The FTSE 100 briefly fell into negative territory and touched its session low before rebounding and closing higher. The pound had been trading at roughly $1.50 before the vote to leave the EU.
PPL Corp (PPL) Position Increased by Laurel Wealth Advisors Inc
The firm has a market capitalization of $21,400.00, a price-to-earnings ratio of 13.97, a P/E/G ratio of 1.90 and a beta of 0.48. The institutional investor owned 77,297 shares of the company's stock after buying an additional 4,175 shares during the period.
Supreme Court to Hear Appeal Over Texas Redistricting
By then, the March 6 party primaries will already be decided and the general election campaigns will be in full swing. The minority rights groups suing the state had formally asked the high court to dismiss the state's appeal.
Wynn Resorts, Limited - WYNN - Stock Price Today
It is negative, as 33 investors sold WYNN shares while 148 reduced holdings. 64 funds opened positions while 138 raised stakes. Greg Taxin decreased its stake in Wynn Resorts Ltd (WYNN) by 55.81% based on its latest 2017Q3 regulatory filing with the SEC.
Lawsuit filed to allow medical marijuana use in school
Traditional treatments have failed to curtail the seizures, but previous year doctors prescribed A.S.as cannabis patch. For months a year ago , Ashley had to use a wheelchair after hitting her head during a particularly bad seizure.
DC's 'Shazam!' Gets 2019 Release Date
Warner Bros . already had April 5, 2019 RSVP'ed for a DC titles and today they revealed that movie will actually be David F. Levi recently said the movie will be like a cross between Superman and and the Tom Hanks body-swap comedy Big .