Carrilion in trouble

[Smiler.]

davepoth said:

GT03ROB said:

Carillon are merely a symptom of this. Where are the world leading British construction companies......... how come their foreign equivalents have found the Uk easy & profitable pickings??

Plenty of them, just that oddly they don't seem to get too heavily involved in UK infrastructure. Mainly they're consulting engineers rather than fully vertically integrated companies though, replicating the current UK model of chiefly exporting know-how.

Ineo (formally part of Suez) & Bouygues are two involved in PFI, health care & defence. Wasn't that infrastructure company involved with roads who went bust a few years back also foreign?

[honest_delboy]

2 sMoKiN bArReLs said:

BAM225 said:

Anyone in the construction industry knows to avoid carillion like the plaque

...yes, a bad sign

You could say the writing was on the wall

[2 sMoKiN bArReLs]

honest_delboy said:

2 sMoKiN bArReLs said:

BAM225 said:

Anyone in the construction industry knows to avoid carillion like the plaque

...yes, a bad sign

You could say the writing was on the wall

...something to get your teeth into?

[cossy400]

How long will they drag this on for?

Or will we have a conclusion this week?

[FN2TypeR]

cossy400 said:

How long will they drag this on for?

Or will we have a conclusion this week?

Not very long if this is to be believed

https://www.theguardian.com/business/2018/jan/14/c...

[Rovinghawk]

2 sMoKiN bArReLs said:

honest_delboy said:

2 sMoKiN bArReLs said:

BAM225 said:

Anyone in the construction industry knows to avoid carillion like the plaque

...yes, a bad sign

You could say the writing was on the wall

...something to get your teeth into?

Nothing dentured, nothing gained.

[anonymous-user]

Rovinghawk said:

2 sMoKiN bArReLs said:

honest_delboy said:

2 sMoKiN bArReLs said:

BAM225 said:

Anyone in the construction industry knows to avoid carillion like the plaque

...yes, a bad sign

You could say the writing was on the wall

...something to get your teeth into?

Nothing dentured, nothing gained.

Yes... thank you, you bds!!

[cossy400]

FN2TypeR said:

cossy400 said:

How long will they drag this on for?

Or will we have a conclusion this week?

Not very long if this is to be believed

https://www.theguardian.com/business/2018/jan/14/c...

• eek*

[KAgantua]

Rovinghawk said:

2 sMoKiN bArReLs said:

honest_delboy said:

2 sMoKiN bArReLs said:

BAM225 said:

Anyone in the construction industry knows to avoid carillion like the plaque

...yes, a bad sign

You could say the writing was on the wall

...something to get your teeth into?

Nothing dentured, nothing gained.

I dont think the government will be too enamelled at injecting more cash into private organisations.

[GT03ROB]

davepoth said:

GT03ROB said:

Carillon are merely a symptom of this. Where are the world leading British construction companies......... how come their foreign equivalents have found the Uk easy & profitable pickings??

Plenty of them, just that oddly they don't seem to get too heavily involved in UK infrastructure. Mainly they're consulting engineers rather than fully vertically integrated companies though, replicating the current UK model of chiefly exporting know-how.

I'd agree on consultants, no shortage of them, but I'm talking construction/contracting companies...

[anonymous-user]

Can it be saved? The middle east contract will have a clause allowing them to be terminated by the owner if they enter any agreement to defer debt with their bank or creditor, all payments will be frozen while a decision is made, and if terminated any payment would only be made after the owner has offset the cost of reassigning the contracts.

The award of recent contracts in the UK is far more complex than the news channels are making out, once company has qualified for a major bid it is very difficult for them to be disqualified by the evaluation team during the bid exercise, especially as the lowest bidder, imagine the outcry if they had be refused a contract in favour of a European company if they had been the lowest bidder and disqualified for 'financial concerns' by the bid team.

[anonymous-user]

^ disqualification for financial reasons is standard procedure.

I deal with Carrilion. They carry a lot of ‘dead wood’ that can survive in a massive company but in a small one wouldn’t last a week. On the UK workload - it will be largely picked up by other companies just as able.

[GT03ROB]

Berw said:

The award of recent contracts in the UK is far more complex than the news channels are making out, once company has qualified for a major bid it is very difficult for them to be disqualified by the evaluation team during the bid exercise, especially as the lowest bidder, imagine the outcry if they had be refused a contract in favour of a European company if they had been the lowest bidder and disqualified for 'financial concerns' by the bid team.

if your pre-qualification process is rigorous enough, then often on government contracts the only way not to go with the lowest compliant bid, would be due to a material changes in the bidders financial position. I'm not familiar with UK government contracts but do they not also have a requirement for successful bidders to supply performance bonds?

[powerstroke]

Wow a construction firm going bust !! how unusual ....

Edited by powerstroke on Monday 15th January 06:50

[GT03ROB]

powerstroke said:

Wow a construction firm going bust !! how unusual ....

Edited by powerstroke on Monday 15th January 06:50

I think only the restaurant business is riskier.....

[PurpleMoonlight]

powerstroke said:

Wow a construction firm going bust !! how unusual ....

Edited by powerstroke on Monday 15th January 06:50

Your compassion for the employees is truly astonishing.

[powerstroke]

GT03ROB said:

powerstroke said:

Wow a construction firm going bust !! how unusual ....

Edited by powerstroke on Monday 15th January 06:50

I think only the restaurant business is riskier.....

Yes they seem to favour fire over creative accounting

[powerstroke]

PurpleMoonlight said:

powerstroke said:

Wow a construction firm going bust !! how unusual ....

Edited by powerstroke on Monday 15th January 06:50

Your compassion for the employees is truly astonishing.

I would guess most people in it know the risks and the way the industry works;)

[Cobnapint]

Carilligon!

[anonymous-user]

I'd like to see a serious assessment made to determine if the directors need prosecuting for trading whilst insolvent or even fraudulent trading