Carrilion in trouble
Discussion
crankedup said:
Europa1 said:
If you're going start a thread ranting about a company, at least spell their name correctly.
I just knew somebody would pick up on that, well done sir. Now anything of substance to add ?
Europa1 said:
crankedup said:
Europa1 said:
If you're going start a thread ranting about a company, at least spell their name correctly.
I just knew somebody would pick up on that, well done sir. Now anything of substance to add ?
You are more concerned with a spelling error than subject matter, spells you out a a troll.crankedup said:
REALIST123 said:
crankedup said:
cherryowen said:
By coincidence, a couple of weeks ago my assistant QS popped into my office saying that Carillion have sent us an enquiry and asking if he should price it or if it was going to be dealt with by me.
I said that personally I wouldn't touch it with a barge pole due to i) Carillion's 90 day payment terms for its supply chain and ii) industry reports of their current dire financial issues.
Clearly most of the posters in here have zero knowledge of this massive Company, surprising.I said that personally I wouldn't touch it with a barge pole due to i) Carillion's 90 day payment terms for its supply chain and ii) industry reports of their current dire financial issues.
If shareholders decide not to stump up this will possibly implode the Company causing a major restructuring. With so many major projects in harness this may well result in chaos
The thing is, none of what you are saying is news. They've been in trouble, issuing profit warnings, seeing shares slump for months.
Why post about it now?
What an arrogant f
k you are. Frankly, I doubt that but a small minority have the slightest interest at all, and won't be affected whatever happens.
As for having a thread about Companies in trouble, if you do that for them all, better make it a whole new forum.
I'm betting you've got a personal interest in picking over the carcass of Carillion, however you choose to spell it.
I'll leave you to it.
crankedup said:
Put yer brain in gear mate, maybe I posted and then realised my error! f*ck me You are more concerned with a spelling error than subject matter, spells you out a a troll.
It is parr for the curse in this plaice ! , so meni hear think that if you dair mis owt a comma that you are intelujince levuls arr nan eckzistint!. You are more concerned with a spelling error than subject matter, spells you out a a troll.And many of the Professor's on here seem to have difficulty grasping the concept that spending all your day posting on forum's is not that clever either.
dro said:
said: It is parr for the curse in this plaice ! , so meni hear think that if you dair mis owt a comma that you are intelujince levuls arr nan eckzistint!.
And many of the Professor's on here seem to have difficulty grasping the concept that spending all your day posting on forum's is not that clever either.
Your 2nd sentence indicates a low "intelujince" [sic] too And many of the Professor's on here seem to have difficulty grasping the concept that spending all your day posting on forum's is not that clever either.
edit: forgot to add the smiley as I thought it was funny.
Edited by sherbertdip on Tuesday 21st November 13:01
I had just left Mowlem before Carillion took them over. My ex-colleagues in Mowlem were all TUPE'd over. None of them lasted longer than a year.
Either forced out by 'behaviours' of existing staff or leaving of their own volition once they realised the approach of the donkeys they were working for.
Either forced out by 'behaviours' of existing staff or leaving of their own volition once they realised the approach of the donkeys they were working for.
REALIST123 said:
crankedup said:
REALIST123 said:
crankedup said:
cherryowen said:
By coincidence, a couple of weeks ago my assistant QS popped into my office saying that Carillion have sent us an enquiry and asking if he should price it or if it was going to be dealt with by me.
I said that personally I wouldn't touch it with a barge pole due to i) Carillion's 90 day payment terms for its supply chain and ii) industry reports of their current dire financial issues.
Clearly most of the posters in here have zero knowledge of this massive Company, surprising.I said that personally I wouldn't touch it with a barge pole due to i) Carillion's 90 day payment terms for its supply chain and ii) industry reports of their current dire financial issues.
If shareholders decide not to stump up this will possibly implode the Company causing a major restructuring. With so many major projects in harness this may well result in chaos
The thing is, none of what you are saying is news. They've been in trouble, issuing profit warnings, seeing shares slump for months.
Why post about it now?
What an arrogant f
k you are. Frankly, I doubt that but a small minority have the slightest interest at all, and won't be affected whatever happens.
As for having a thread about Companies in trouble, if you do that for them all, better make it a whole new forum.
I'm betting you've got a personal interest in picking over the carcass of Carillion, however you choose to spell it.
I'll leave you to it.
So not only do you pick out spelling errors you wish to impose your wishes onto the forum as well. Not only that but you feel that not many people will have an interest in the subject, and you call me arrogant, priceless!
You bet I have a personal interest in the Company, care to tell me what it is? Save you the bother, I was considering buying some shares in the Company, knew they had problems earlier and was hoping for a buy at the right time in price and rebound. Looks so bad now for this Company that my money will go elsewhere.
Yes I have had experience of this Company, it’s such a behemoth that it’s likely crossed most people’s paths indirectly. Direct experience, none, however our lad had the misfortune to work for them a couple of years ago. He soon walked out from such a badly run organisation.This Company leaves a sour taste in the mouths of those that have shared the same misfortune, obviously in your protected World it would seem that it is you that has no experience whatsoever of the Company.
Chew it over sometime and realise you have made yourself look like a bit of a clown.
crankedup said:
You bet I have a personal interest in the Company, care to tell me what it is? Save you the bother, -b]I was considering buying some shares in the Company[/b], knew they had problems earlier and was hoping for a buy at the right time in price and rebound. Looks so bad now for this Company that my money will go elsewhere.
Yes I have had experience of this Company, it’s such a behemoth that it’s likely crossed most people’s paths indirectly. Direct experience, none, however our lad had the misfortune to work for them a couple of years ago. He soon walked out from such a badly run organisation.This Company leaves a sour taste in the mouths of those that have shared the same misfortune, obviously in your protected World it would seem that it is you that has no experience whatsoever of the Company.
Chew it over sometime and realise you have made yourself look like a bit of a clown.
So despite all your experience in this ‘badly run company’ that ‘leaves a sour taste’ in those that work for it, you were still going to invest?Yes I have had experience of this Company, it’s such a behemoth that it’s likely crossed most people’s paths indirectly. Direct experience, none, however our lad had the misfortune to work for them a couple of years ago. He soon walked out from such a badly run organisation.This Company leaves a sour taste in the mouths of those that have shared the same misfortune, obviously in your protected World it would seem that it is you that has no experience whatsoever of the Company.
Chew it over sometime and realise you have made yourself look like a bit of a clown.
Why would you put profit before morality, particularly given your (normally incorrect) moral judgements on others?
REALIST123 said:
crankedup said:
You are wrong! it’s very well documented regarding this Companies business model. Can’t beleive Ph are so usiness ignorant tbh. Shareholders have been taking a hammering and may be asked to stump up some more cash.
"usiness ignorant"?
and that he can't 'beleive' PH is 'so usiness ignorant'. 
All the stories coming out of Carillion sound very similar to when Connaught went pop. Same sort of business model - rely on lowball contracts, top up with VO. It’s all well and good until cashflow dries up.
They’ve put so many noses out of joint on the way up the knifes will be put on the way down.
I think they’re a customer of ours (via a different business unit) and I know people have been talking about what to do with them for a while.
They’ve put so many noses out of joint on the way up the knifes will be put on the way down.
I think they’re a customer of ours (via a different business unit) and I know people have been talking about what to do with them for a while.
Well, OP, I am interested in your post, even if others aren't. Not least because my best mate has just left Interserve, one of Carillion's rivals. Interserve are just as bad, if not worse, and are starting a redundancy programme, to nobody's surprise.
It just seems a terrible sector in which to work or invest, so maybe you've dodged a bullet (think positive)?
It just seems a terrible sector in which to work or invest, so maybe you've dodged a bullet (think positive)?
In my 3 decades in construction as a freelancer (Engineer through to PM/CM) roles with the small and the large contractors I cannot help but feel that some of the massive contractors such as Carillion are essentially no less than Ponzi Schemes on a grand scale or (worse?) operate like government where the price of success means owing more money than you are making (is that also a Ponzi Scheme?). I cannot figure out why I think that but my gut tells me it is so.
Thus their denouement could be on a savage scale.
As you sow, so shall you reap.
Thus their denouement could be on a savage scale.
As you sow, so shall you reap.
Brave Fart said:
Well, OP, I am interested in your post, even if others aren't. Not least because my best mate has just left Interserve, one of Carillion's rivals. Interserve are just as bad, if not worse, and are starting a redundancy programme, to nobody's surprise.
It just seems a terrible sector in which to work or invest, so maybe you've dodged a bullet (think positive)?
Our lad is an electrical engineer, and yet when he worked for carillon (spelt wrong?) he was treated as anything but. The job sheets were a joke and the local management worse than a joke. He literally walked off the job, something that he would never have considered at any point in his professional life. And yet after just months with this bunch he had had a gut full of thier sheer incompetence. It just seems a terrible sector in which to work or invest, so maybe you've dodged a bullet (think positive)?
Was hopeful the business would sort itself out but it seems not. Not worth a bean for investment potential.
Trophy Husband said:
I had just left Mowlem before Carillion took them over. My ex-colleagues in Mowlem were all TUPE'd over. None of them lasted longer than a year.
Either forced out by 'behaviours' of existing staff or leaving of their own volition once they realised the approach of the donkeys they were working for.
Yup, they won a contract at the MOD base in woodbridge, formally run by Babcocks, who our lad worked for. Same old same, a familiar story within the industry. If they cleared out the rubbish at the top and installed some management they could have turned it around and it may have been an investment worth having.Either forced out by 'behaviours' of existing staff or leaving of their own volition once they realised the approach of the donkeys they were working for.
crankedup said:
Trophy Husband said:
I had just left Mowlem before Carillion took them over. My ex-colleagues in Mowlem were all TUPE'd over. None of them lasted longer than a year.
Either forced out by 'behaviours' of existing staff or leaving of their own volition once they realised the approach of the donkeys they were working for.
Yup, they won a contract at the MOD base in woodbridge, formally run by Babcocks, who our lad worked for. Same old same, a familiar story within the industry. If they cleared out the rubbish at the top and installed some management they could have turned it around and it may have been an investment worth having.Either forced out by 'behaviours' of existing staff or leaving of their own volition once they realised the approach of the donkeys they were working for.
Different as that won't go under if Carillion will etc.
I've worked for Carillion and they don't care about the engineers, me and another chap were nearly killed twice while working for them, due to no fault of our own.
Just look at how many workers Carillion have already killed, and you start to get the message.
AlrightYouns said:
crankedup said:
Trophy Husband said:
I had just left Mowlem before Carillion took them over. My ex-colleagues in Mowlem were all TUPE'd over. None of them lasted longer than a year.
Either forced out by 'behaviours' of existing staff or leaving of their own volition once they realised the approach of the donkeys they were working for.
Yup, they won a contract at the MOD base in woodbridge, formally run by Babcocks, who our lad worked for. Same old same, a familiar story within the industry. If they cleared out the rubbish at the top and installed some management they could have turned it around and it may have been an investment worth having.Either forced out by 'behaviours' of existing staff or leaving of their own volition once they realised the approach of the donkeys they were working for.
Different as that won't go under if Carillion will etc.
I've worked for Carillion and they don't care about the engineers, me and another chap were nearly killed twice while working for them, due to no fault of our own.
Just look at how many workers Carillion have already killed, and you start to get the message.
Staff welfare is an unknown concept it seems when it’s carallion the employer. I believe that they won the major contracts abroad building out major sporting villages, many workers treated appalling and some losing life?
crankedup said:
AlrightYouns said:
crankedup said:
Trophy Husband said:
I had just left Mowlem before Carillion took them over. My ex-colleagues in Mowlem were all TUPE'd over. None of them lasted longer than a year.
Either forced out by 'behaviours' of existing staff or leaving of their own volition once they realised the approach of the donkeys they were working for.
Yup, they won a contract at the MOD base in woodbridge, formally run by Babcocks, who our lad worked for. Same old same, a familiar story within the industry. If they cleared out the rubbish at the top and installed some management they could have turned it around and it may have been an investment worth having.Either forced out by 'behaviours' of existing staff or leaving of their own volition once they realised the approach of the donkeys they were working for.
Different as that won't go under if Carillion will etc.
I've worked for Carillion and they don't care about the engineers, me and another chap were nearly killed twice while working for them, due to no fault of our own.
Just look at how many workers Carillion have already killed, and you start to get the message.
Staff welfare is an unknown concept it seems when it’s carallion the employer. I believe that they won the major contracts abroad building out major sporting villages, many workers treated appalling and some losing life?
Loss of life because of Carillion is big In this country....
http://www.constructionenquirer.com/2012/11/23/car...
http://www.bbc.co.uk/news/uk-england-lincolnshire-...
One of these was personal.
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