Carillion on the brink of administration

For all the none biking stuff. Say hello, chew the fat or flame the forum.
User avatar
duke63
Posts: 15493
Joined: 22 Oct 2013, 07:34
Your Bike: Ducati 748/853 & Triumph Street Triple 765RS
Location: Staffordshire
Has thanked: 4170 times
Been thanked: 4124 times

Carillion on the brink of administration

Post by duke63 »

http://www.bbc.co.uk/news/business-42666275" onclick="window.open(this.href);return false;

Not good. Could cause massive disruption as they have a lot of council contracts.
User avatar
Kwacky
Posts: 38538
Joined: 21 Oct 2013, 21:52
Your Bike: Brutale 800RR, 1000SX Ninja
Location: Brum
Has thanked: 4314 times
Been thanked: 8352 times

Re: Carillion on the brink of administration

Post by Kwacky »

And national government contracts.
User avatar
Monty
Posts: 6671
Joined: 12 Mar 2014, 07:59
Your Bike: 2010 ZX6R
Location: Buxton
Has thanked: 2092 times
Been thanked: 2412 times

Re: Carillion on the brink of administration

Post by Monty »

.......... or the hundreds of M&E sub contractors that could go down with them.
Monty™© MCMLXXII
User avatar
Frankie
Posts: 3917
Joined: 11 Mar 2014, 21:37
Your Bike: Fast Ones, and dirty ones
Has thanked: 723 times
Been thanked: 1473 times

Re: Carillion on the brink of administration

Post by Frankie »

Tell me about it...we don't need another one of those episodes again. They recently, well last year nabbed the MOD work that I have done...They have loads of work? Maybe that's why, it's all been bought |(
User avatar
Kwacky
Posts: 38538
Joined: 21 Oct 2013, 21:52
Your Bike: Brutale 800RR, 1000SX Ninja
Location: Brum
Has thanked: 4314 times
Been thanked: 8352 times

Re: Carillion on the brink of administration

Post by Kwacky »

It's all massively under priced though. The lack of margins is catching up with them. They've been struggling for years.
User avatar
Itchy
Posts: 2544
Joined: 12 Mar 2014, 00:17
Your Bike: Kawasaki Z1000
Location: A galaxy far, far away...
Has thanked: 756 times
Been thanked: 983 times

Re: Carillion on the brink of administration

Post by Itchy »

Frankie wrote:Tell me about it...we don't need another one of those episodes again. They recently, well last year nabbed the MOD work that I have done...They have loads of work? Maybe that's why, it's all been bought |(
And done a shit job of it too.
User avatar
duke63
Posts: 15493
Joined: 22 Oct 2013, 07:34
Your Bike: Ducati 748/853 & Triumph Street Triple 765RS
Location: Staffordshire
Has thanked: 4170 times
Been thanked: 4124 times

Re: Carillion on the brink of administration

Post by duke63 »

Quote low, get the contract and **** it up. Always the sign of a company in trouble.
User avatar
D6Nutz
Posts: 7420
Joined: 21 Oct 2013, 21:26
Your Bike: Speed Triple 1200 RS
Has thanked: 828 times
Been thanked: 2604 times
Contact:

Re: Carillion on the brink of administration

Post by D6Nutz »

duke63 wrote:Quote low, get the contract and **** it up. Always the sign of a company that works with the public sector.
EFT!
You never really learn to swear until you learn to drive.

If everything seems under control, you're not going fast enough - Mario Andretti
User avatar
D6Nutz
Posts: 7420
Joined: 21 Oct 2013, 21:26
Your Bike: Speed Triple 1200 RS
Has thanked: 828 times
Been thanked: 2604 times
Contact:

Re: Carillion on the brink of administration

Post by D6Nutz »

According to the BBC news site they are to go into liquidation.
You never really learn to swear until you learn to drive.

If everything seems under control, you're not going fast enough - Mario Andretti
User avatar
Monty
Posts: 6671
Joined: 12 Mar 2014, 07:59
Your Bike: 2010 ZX6R
Location: Buxton
Has thanked: 2092 times
Been thanked: 2412 times

Re: Carillion on the brink of administration

Post by Monty »

600 million pension black hole, but at least they managed to guarantee the executive's bonus.
Monty™© MCMLXXII
User avatar
Monty
Posts: 6671
Joined: 12 Mar 2014, 07:59
Your Bike: 2010 ZX6R
Location: Buxton
Has thanked: 2092 times
Been thanked: 2412 times

Re: Carillion on the brink of administration

Post by Monty »

UK construction industry in crisis after government mistakenly bails out Marillion

The UK Construction Industry is in terminal decline after the government incorrectly bailed out unfashionable, neo-progressive rock act Marillion.

Owing to a simple typo, money intended for the troubled construction giant Carillion, is now lining the pockets of the former chart stars, whose records generally make Then Jericho’s output seem like the eggs that were shat from a golden goose.

Meanwhile, current construction projects held by Carillion may never be completed due to former singer Fish’s considerable lack of building site experience.

However, the band’s loyal fanbase insist Fish’s recent kitchen extension, the result of a collaboration with current singer Steve Hogarth and the drummer, is the best thing they’ve done since “Kayleigh”.

Fish and co are now under pressure to meet Carillion’s existing commitments, including a state-of-the-art hospital in Liverpool, rather than banging on about some eighties’ bint who wears inappropriate footwear during a cold spell.

Carillion CEO, Simon Williams, said, “The UK requires a million new homes every single year, not some lank-haired **** reminiscing about the cherry blossom in the market square.”

And Fish, himself, admitted that while he would probably spend the money on a new recording studio, the mistake had left the country’s construction fortunes in a perilous state.

“What happens to politically sensitive building projects like schools and jails?” he remarked. “What happens to loving on the floor in Belsize Park?”

He added, “To the people of Liverpool awaiting their shiny new hospital, I just wanna say I’m sorry.
Monty™© MCMLXXII
User avatar
D41
Posts: 12923
Joined: 22 Sep 2014, 11:36
Your Bike: Triumph Daytona 650.
Has thanked: 4283 times
Been thanked: 1129 times

Re: Carillion on the brink of administration

Post by D41 »

Fcuking Marillion. 'Bout the worst band ever.....bunch of pseudo-hippy Gaynbow Warrior clowns.
User avatar
Monty
Posts: 6671
Joined: 12 Mar 2014, 07:59
Your Bike: 2010 ZX6R
Location: Buxton
Has thanked: 2092 times
Been thanked: 2412 times

Re: Carillion on the brink of administration

Post by Monty »

Monty wrote:.......... or the hundreds of M&E sub contractors that could go down with them.
I was way off. They reckon it’s potentially 30,000 sub contractors at risk, with around 1.7 billion quid owed!
Monty™© MCMLXXII
User avatar
duke63
Posts: 15493
Joined: 22 Oct 2013, 07:34
Your Bike: Ducati 748/853 & Triumph Street Triple 765RS
Location: Staffordshire
Has thanked: 4170 times
Been thanked: 4124 times

Re: Carillion on the brink of administration

Post by duke63 »

Stealing from pension funds should be illegal. Nothing has been learned from the Maxwell fiasco.
User avatar
Jack
Posts: 2629
Joined: 11 Mar 2014, 21:49
Your Bike:
Has thanked: 1396 times
Been thanked: 1636 times
Contact:

Re: Carillion on the brink of administration

Post by Jack »

duke63 wrote:Stealing from pension funds should be illegal. Nothing has been learned from the Maxwell fiasco.
yes it has , they've learned how to do it with larger amounts and no penalties , I thought that it was an offence to steal somebody's property .
User avatar
Frankie
Posts: 3917
Joined: 11 Mar 2014, 21:37
Your Bike: Fast Ones, and dirty ones
Has thanked: 723 times
Been thanked: 1473 times

Re: Carillion on the brink of administration

Post by Frankie »

Monty wrote:
Monty wrote:.......... or the hundreds of M&E sub contractors that could go down with them.
I was way off. They reckon it’s potentially 30,000 sub contractors at risk, with around 1.7 billion quid owed!
The knock on effect in my industry alone is going to be painful. Yes other will pick up the work, but it will kill off a few I am sure of that. They say they will look to protect Govenment contracts, but the private stuff they can't quantify... this is the sector that will be hurting.
i was listening to some stuff on the radio, As a company they were asking sub cons to pay a fee if they wanted their money earlier than, in most case 3-4 months.... ha ha unreal.
We will never know who, but I bet at the very top of the tree hidden away on some board of directors in some holding company who will never been known, but have their paws in this lot, will be a whole bunch of politicians. Who will have mad early their money on the misery of all others.
User avatar
Kwacky
Posts: 38538
Joined: 21 Oct 2013, 21:52
Your Bike: Brutale 800RR, 1000SX Ninja
Location: Brum
Has thanked: 4314 times
Been thanked: 8352 times

Re: Carillion on the brink of administration

Post by Kwacky »

It'll be interesting to see if the Department for Business, Enterprise and Regulatory Reform investigate this and whether any directors will be prosecuted. The whole company is rotten. There are loads of kick backs going on, including to the Tory Party.

What really sticks in the throat are the hard workers suffering while those at the top can retire in their 7 figure houses and massive pensions.
User avatar
duke63
Posts: 15493
Joined: 22 Oct 2013, 07:34
Your Bike: Ducati 748/853 & Triumph Street Triple 765RS
Location: Staffordshire
Has thanked: 4170 times
Been thanked: 4124 times

Re: Carillion on the brink of administration

Post by duke63 »

Interserve may also be in trouble it appears.

Government needs to accept that their privatising of public services is not working.

https://www.ft.com/content/1aa17614-fab ... 9be7f3120a" onclick="window.open(this.href);return false;
User avatar
Kwacky
Posts: 38538
Joined: 21 Oct 2013, 21:52
Your Bike: Brutale 800RR, 1000SX Ninja
Location: Brum
Has thanked: 4314 times
Been thanked: 8352 times

Re: Carillion on the brink of administration

Post by Kwacky »

Did you hear that G4S pulled out of doing the security for the Olympics the day before the start, but they still got paid?

The army took over.

So the taxpayer paid twice.

Guess which current Prime Minister's husband is a director for G4S?
User avatar
duke63
Posts: 15493
Joined: 22 Oct 2013, 07:34
Your Bike: Ducati 748/853 & Triumph Street Triple 765RS
Location: Staffordshire
Has thanked: 4170 times
Been thanked: 4124 times

Re: Carillion on the brink of administration

Post by duke63 »

I did a bit of research on offshore companies in British Overseas territories this week.

Did you know that in many of these tax havens, the companies do not even after to prepare annual accounts and so disclose nothing to anybody and nothing is available to public scrutiny?

We are being conned big time by those currently in charge.
Post Reply