Carrilion in trouble
Discussion
I watched the first ten minutes and have recorded the prog’.
From that ten minutes I concluded that Carillion were a mirror image of RBS. Run by incompetent fools bordering onto fraudsters, arrogant liars only interested in themselves and to hell with every other business involved.
Those at the top of the, can’t call it a business, must be held to account in a meaningful way,imo.
I may get angry when I have watched the recording!
Makes it even worse that when I opened this thread we had illiterate fools posting defensive nonsence about this bunch of, best I shut up now
From that ten minutes I concluded that Carillion were a mirror image of RBS. Run by incompetent fools bordering onto fraudsters, arrogant liars only interested in themselves and to hell with every other business involved.
Those at the top of the, can’t call it a business, must be held to account in a meaningful way,imo.
I may get angry when I have watched the recording!
Makes it even worse that when I opened this thread we had illiterate fools posting defensive nonsence about this bunch of, best I shut up now
Welshbeef said:
crankedup said:
Watched the documentary now. Almost mirror image of RBS, almost bordering on fraud imo. Hope the Board face legal action
One MD is now the board member of Hs2..... FFs. Tesco was another business cooking it’s books flattering it’s numbers for shareholders, albeit on a much lesser scale than Carillion.
I feel for the businesses that have been caught by the Carillion scandal, the small floral landscape business dropping £500,000 and seeing the Carillion Board swan off after self enrichment.
Long since out of the news, but the ripples have not settled yet.
Shropshire based Hawk Plant Hire Ltd (the business owned by the father of BBC6 Music DJ Chris Hawkins has gone into administration) with the immediate loss of 80 odd jobs and another 300 plus at risk.
Shropshire based Hawk Plant Hire Ltd (the business owned by the father of BBC6 Music DJ Chris Hawkins has gone into administration) with the immediate loss of 80 odd jobs and another 300 plus at risk.
The Construction Index said:
While the administrators did not mention Carillion by name, Hawk’s moist recently filed accounts did. The strategic report for the year ended 31st December 2017 stated: “The liquidation of Carillion plc in January 2018 has meant some timing disruption as contacts previously awarded have had to be rescheduled. Due to the high level of credit insurance in place on Carillion plc there will be a minimal write off of balances outstanding at the time of liquidation.”
https://www.theconstructionindex.co.uk/news/view/hawk-collapses-into-administrationhttps://www.thesun.co.uk/news/8144411/brand-new-50...
A new hospital that Carillion were building in Liverpool is still lying empty and unfinished as it's taken more than a year to make arrangements for someone else to take over the project.
A new hospital that Carillion were building in Liverpool is still lying empty and unfinished as it's taken more than a year to make arrangements for someone else to take over the project.
kev1974 said:
https://www.thesun.co.uk/news/8144411/brand-new-50...
A new hospital that Carillion were building in Liverpool is still lying empty and unfinished as it's taken more than a year to make arrangements for someone else to take over the project.
Taking over someone else’s half finished work will mean no warranties on work done to date / all risk on the public sector. A new hospital that Carillion were building in Liverpool is still lying empty and unfinished as it's taken more than a year to make arrangements for someone else to take over the project.
Ideally you’d want the supplier who Carrillion subcontracted it out to be drawn back into the ring under another outsourcing company who then MIGHT be able to provide some/more warranty than otherwise (that’s assuming they are not bust too due to Carrillion)
Digga said:
Just down the road from me, noticed more and more kit in the yard recently.Welshbeef said:
kev1974 said:
https://www.thesun.co.uk/news/8144411/brand-new-50...
A new hospital that Carillion were building in Liverpool is still lying empty and unfinished as it's taken more than a year to make arrangements for someone else to take over the project.
Taking over someone else’s half finished work will mean no warranties on work done to date / all risk on the public sector. A new hospital that Carillion were building in Liverpool is still lying empty and unfinished as it's taken more than a year to make arrangements for someone else to take over the project.
Ideally you’d want the supplier who Carrillion subcontracted it out to be drawn back into the ring under another outsourcing company who then MIGHT be able to provide some/more warranty than otherwise (that’s assuming they are not bust too due to Carrillion)
scrw. said:
Digga said:
Just down the road from me, noticed more and more kit in the yard recently.Dawnus yesterday:
http://www.constructionenquirer.com/2019/03/15/daw...
Interserve today:
http://www.constructionenquirer.com/2019/03/15/sha...
Lots of talk in the industry that Kier are only one late or missed payment from going the same way.
http://www.constructionenquirer.com/2019/03/15/daw...
Interserve today:
http://www.constructionenquirer.com/2019/03/15/sha...
Lots of talk in the industry that Kier are only one late or missed payment from going the same way.
crankedup said:
Broken business model, time for Government to review and delete?
Absolutely, but the contractors are to blame as much as anything here - signing up to 3 / 4 / 5 year frameworks on fixed costs and rates, with all of the risk taken by the contractor is an absolutely ridiculous and unsustainable business model. I would struggle to name you another industry where such a flawed way of operating is so central to how that industry operates.Yes, you only need look at the farce of the annual pothole harvest - holes that need re-repairing at least once a year - to see how broken the whole industry has become. Then there's the profit margins which , frankly, are virtually unsustainable on a long enough timeline. This is what least cost, lowest common denominator procurement brings.
Digga said:
Yes, you only need look at the farce of the annual pothole harvest - holes that need re-repairing at least once a year - to see how broken the whole industry has become. Then there's the profit margins which , frankly, are virtually unsustainable on a long enough timeline. This is what least cost, lowest common denominator procurement brings.
Technically compliant, lowest cost bid......Its how Interserve won i expect on some contracts that i saw. Now you can hold them over the coals when they do not provide during the contract if your contract management is robust enough but if you are allowing the contractor to operate/maintain infra that is in dire need of capital investment then its sticking plaster with weak stickiness.........eventually it falls off.tleefox said:
Dawnus yesterday:
http://www.constructionenquirer.com/2019/03/15/daw...
Interserve today:
http://www.constructionenquirer.com/2019/03/15/sha...
Lots of talk in the industry that Kier are only one late or missed payment from going the same way.
ISS next.http://www.constructionenquirer.com/2019/03/15/daw...
Interserve today:
http://www.constructionenquirer.com/2019/03/15/sha...
Lots of talk in the industry that Kier are only one late or missed payment from going the same way.
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