Carillion on the verge of collapse.

Discussion in 'News and Current Affairs' started by Slick, 12 Jan 2018.

  1. Slick

    Slick Veteran

    I usually don't venture in this section much, but after adding a few posts on the railway thread I thought this was relevant, maybe even to the Nhs thread as well.

    It kind of goes against a lot of what I've posted earlier, but is this really the best use of public funds or does it strengthen any argument to return to the glory days of nationalisation?
  2. Crackle

    Crackle Pah

    If you've ever worked in the construction industry it won't be any surprise. The margins are tiny and sub-contracts are awarded solely to the cheapest bidder. The only thing that stops them going under is the next job. I have some of my pension in Carillion and they long ago stopped issuing any kind of figures for it. Thank goodness it isn't much but I feel for anyone who has a large part of it in the company.
    Slick likes this.
  3. BoldonLad

    BoldonLad Über Member

    South Tyneside
    Isn't there a Government (ie Tax Payer) funded scheme to guarantee pensions (well 90% of them, as I recall)?

    Don't remember the details, it may be only applicable to those actually in receipt of pension payments.

    On the general Carillion question, they have been wobbling for a while. IMHO, it is never a good idea to bail out a lame duck, law of the jungle, survival of the fittest and all that.
    Slick likes this.
  4. subaqua

    subaqua Guru

    Being in the industry and being a sub con to them I couldn’t possibly comment objectively . However the French for Bell is very similar ...
    Slick likes this.
  5. further

    further Über Member

  6. Bonefish Blues

    Bonefish Blues Banging donk

    52 Festive Road
    I was somewhat surprised to see that it was Carillon that was feeding me whilst in hospital recently. I'd always thought of them as more hi-viz specialists. Another organisation overstretching itself, perhaps?

    That said, the food wasn't bad (dishonourable mention for the Horton Banbury, mind, which is where I started my mini tour of Critical Care Units, which was pretty awful)
    Slick likes this.
  7. pawl

    pawl Veteran

    Hope it’s not the one in Loughborough

    Oh hell got the wrong end of the stick again.
    alicat likes this.
  8. NorthernDave

    NorthernDave Never used Über Member

    Given my dealings with them, where they seemed to know the cost of everything and the value of nothing, then if they do go under I'm afraid it couldn't happen to a more deserving company.
    And no, not a penny of public money should be spent on propping them up.
    How they come to find themselves in this state given the amount of public funds flooding into them should be the question.
    derrick, Illaveago and User1252 like this.
  9. AndyRM

    AndyRM XOXO

    Whitley Bay
    There is a Carillion office on our campus. I wondered why everyone coming out this evening looked extremely worried.
  10. subaqua

    subaqua Guru

    Anybody in the army who has outstanding housing issues would be sensible in escalating ... carillon amey may not be long lived ...
  11. subaqua

    subaqua Guru

    The chimes they are a changing ...
  12. They havenae been the same since Fish left them
  13. Any excuse not to finish the A14 project !!
  14. MikeG

    MikeG Veteran

    They are worth less than nothing, but may well be too big to fail. I suspect they'll be given another contract to help them sustain themselves a while longer whilst they refinance.
  15. Bonefish Blues

    Bonefish Blues Banging donk

    52 Festive Road
    Dig deep eh, 1.5bn deep!
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