Carillion....

AFKABartram

Am I the only one never to have heard of this mega huge company until a few days ago????

T_C_E

Nope, me neither.

MrLargo

I hadn't heard of it until you started this thread.

happyvalley

I heard they've put in a bid for us.

Covered End

I had shares in them many years ago & made a tidy profit.

i_b_b_o_r_g

I've worked on a few of their sites over the years

Carter

They are colossal, huge company and you will realise how many places you've seen their logo now the clusterfuck of how they have been run will excite newsreaders for hours.

This is a classic of successive governments sub-contracting everything and the big, fat dividend paying, big contract winning giant is about to be propped up. Which is good for the employees a few of which are my mates however it just proves it doesn't matter how much you undercut, underlay, under resource as long as it looks like you show a margin. And even when those chickens come home to roost it's ok because the government will bail you out and absolutely no behaviours amongst firms like Carillions senior management will change, because they get away with it and it's how shit is done now

LargeAddick

Nope, never heard of them.

Wheresmeticket

C**ts.
Will probably do a Virgin. And they're c**ts too.

i_b_b_o_r_g

Someone's just got in from the boozer

Wheresmeticket

Are you stalKing me Rob?

Valiantphil

Is it too late to say i'm sorry ?

buckshee

I work for a massive company that you’ll all know and a few years ago worked for a dept that went up against these on quite a few contracts and was told by some of our bosses at the time that we “just can’t compete with the likes of Carillion”

They have around 20,000 staff, I’m sure the govt will help them out, after all they did it for the banks right?

kidbrookeaddick

They hold the contracts for all maintenance and decoration of the army bases around the uk.

NapaAddick

kidbrookeaddick said:

They hold the contracts for all maintenance and decoration of the army bases around the uk.

I can see the argument now... "If you don't bail us out, the terrorists win!"

Robbo on the wing

So there could be a huge amount of battleship grey pop up on Ebay

guinnessaddick

They owe the company I work for, over £100k.

ForeverAddickted

Yeah I've heard of them... Cant remember where I've heard the name though - Like people prior have said, they're huge and is one I've heard in passing

shine166

Loads of my mates work for them on the tracks, they get good money to spend 1/2 a shift asleep in the van.

carly burn

Seen a few of their jobs. Usually slow as f*** to get anything done. But when you're on a decent day rate and nobody (in council/government)really gives a shit about what or how you're doing things why would you speed up.

Classic example of the public sector gravy train at its finest.

Fiiish

Just gone into liquidation. Can't wait to see the reaction once the LSE opens.

Swisdom

Contracts and Companies like these are what drive smaller businesses out of business. Jobs for the boys

Bangkokaddick

Sounds like "Carry On" would have been a better name.

Oooerr missus!

Carter

Swisdom said:

Contracts and Companies like these are what drive smaller businesses out of business. Jobs for the boys

Yep, it won't stop happening though.

I work with them on a daily basis and whilst I can't go into much detail on a public forum I would be able to retire if I had a pound for everytime I'd questioned them on their practice of utterly wasting thousands yet haggling over pennies. Nothing will happen to the directors or senior management, in fact it'll no doubt come out in the wash that a load of their directors and large shareholders sit in the house of lords. These wankers are never held to account for the practices they encourage and demand yet never have the courage of conviction to be honest enough to admit to it. Arseholes

Friend Or Defoe

If any Carillion surveyors are looking for work please inbox me.

MuttleyCAFC

carly burn said:

Seen a few of their jobs. Usually slow as f*** to get anything done. But when you're on a decent day rate and nobody (in council/government)really gives a shit about what or how you're doing things why would you speed up.

Classic example of the public sector gravy train at its finest.

I think you have hit on a major issue - the price has become more important that the job done because there is a disconnect from the administration and the coal face. So you get honest companies that work to high standards that can't compete.

Addickted

Bad news when the second largest construction company in the UK have had to do this.

The number of suppliers and sub contractors who will feel the knock on effect from this will be huge. I suspect that there will be hundreds of companies such as @guinnessaddick's who are owed large sums.

Worst of all will be those people turning up to earn a living today, who will be turned away with no idea as to what is going to happen next.

There are some real shysters running some of the most important companies in the UK whose bottom line is their own remuneration and the share price of their company. I hate them with a passion.

northstandsteve

Feel for everyone who works for them and it has just fucked my sipp up no end.

cafcfan

AFKABartram said:

Am I the only one never to have heard of this mega huge company until a few days ago????

It was formed by a demerger of the construction business from the original Tarmac plc. If that helps.

(Tarmac - the building materials business still exists as a subsidiary of CRH plc.)

Cardinal Sin

One of their offshoot companies does a massive amount of civil construction work for BT's Openreach division. Rollout of broadband to remote rural areas is hugely constrained by the availability of skilled construction workers to dig the trenches and put in manholes and junction boxes. It's a national labour shortage that the whole industry is struggling with. If Carillion go pop, it will have significant knock-ons here, as I am sure it will in many other places. Others will eventually take up the slack and re-employ the majority of the workforce but it will present a big short to medium term problem.

charltonkeston

They have some real juicy contracts which other companies will take over and do very nicely out of. And a load of undervalued contracts which the government, (us the tax payers), will have to help out with a few bob.
Company's like these subcontract and then subcontract some more down to the one man band spark or painter who come the end of the week will be knocked for their money by those further up the food chain.