Re: Carillion Crisis
Maybe the Government should look into managing more of this projects themselves in the way TFL do. TFL subcontract out the actual physical work but they have much greater control of the projects themselves. The Government obviously shouldn't be directly involved with many of these tasks, hiring builders etc, but they shouldn't be so abstracted from them either.
This is another example of everything being handed off, there being probably decent evidence everyone knew for a while it was failing, but the government get to claim it's nothing to do with them. In the end the companies doing the manual work don't get paid, the staff lose their jobs and the public pick up the bill. |
Re: Carillion Crisis
One off topic post removed.
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Re: Carillion Crisis
Carillion tried to 'wriggle out' of pension contributions.
http://www.bbc.co.uk/news/business-42853895 |
Re: Carillion Crisis
Aparently according to R4 business segment this morning they were paying dividends out to shareholders on the basis of anticipated revenues rather than actual profits. All sound very dodgy and the auditors KPMG are to be investigated.
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Re: Carillion Crisis
Shares in UK government contractor Capita plunge 40% after profit warning.
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Re: Carillion Crisis
They're the outfit behind the knuckle draggers at TVL so I, for one, have very mixed feelings. :erm:
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Re: Carillion Crisis
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Re: Carillion Crisis
Carillion CFO says the supply chain let contractor down.
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Too many fingers in too many pies and the consequences of it all are there for all to see. |
Re: Carillion Crisis
Why haven't the bosses had their assest frozen?
TBH they should all lose everything and given a 1 bedroom home which they need to rent. |
Re: Carillion Crisis
Frank Field summed it up succinctly when a string of senior directors from the Wolverhampton-based collapsed construction and infrastructure group Carillion appeared before two select committees at the Houses of Parliament today.
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Re: Carillion Crisis
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No, they'll just present their day-glow credentials to the next organisation that they'll run into the deck. |
Re: Carillion Crisis
Classic case of really bad management from the very top. The directors should be held to account for this failler of the first degree.
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Re: Carillion Crisis
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Re: Carillion Crisis
Carillion was in trouble by mid-2016, says whistleblower.
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