Carillion sells contracts.

Discussion in 'SMB' started by the boot, Dec 13, 2017.

  1. Carillion could have had 10 billion of jobs on the go and decided to win fuck all in a year

    Turnover means fuck all if it costs you 11 billion to turnover 10
  2. the dark one

    the dark one Winger

    And how the ride has turned.BB will do well out of this, no doubt.
    Napoleon Dynamite likes this.
  3. Billy Fish

    Billy Fish Striker

    Can one of you explain to me how turnover means nothing?
  4. Turnover £10 million

    Costs you £12 million to do it
    the dark one likes this.
  5. Billy Fish

    Billy Fish Striker

    Nope you've still got me stumped.
    So the company turning over the most money on a rolling twelve monthly basis is not considered the biggest contractor if it's not making money on those contracts? The post was not talking about the most profitable company in the country it stated they were the biggest. They're not.
    You're obviously a QS.
  6. I was on about in general not just 12 month

    Yes I’m a qs worked for Carillion

    Says it all I suppose
    Flared Hicks likes this.
  7. Frijj

    Frijj Striker

    If Carillion have a pension shortfall of £587m, and they go under, does that mean the state then have to cover that or do literally tens of thousands of people lose everything they've saved towards their pension?
  8. the boot

    the boot Midfield

    Exactly mate. Great post. I was talking to a lad who trained with me. His turnover was the same as mine he said, got down to the nitty gritty he was losing £300 a week in the year I done £60k profit.
    It all came down to vehicles, the one thing he bragged about his l200, his wife's rangy and new transits for the lads. Costing him £3500 a month. Obviously he had other problems.
    the dark one likes this.
  9. the dark one

    the dark one Winger

    Can you explain then in 2013 BB had a turnover double that of carillion, yet BB who were ranked 1 for turn over made 4 million. Carillion, who were ranked 2nd on turnover, made 110 million. The year before, almost identical figures.
    Turnover means back shit.
    I do very nicely in what I do with a modest turnover.Profit and in the case of large construction companies, share price is key. Carillion were streets ahead making them the largest.
    For the record in not a carillion fan but they were undoubtedly the largest.They got too big for their boots and paid the penalty.Much like Owen Pugh, but in a much grander scale. There's a message somewere in all that, companies should stick to what they do best.
    Mackem00 and Napoleon Dynamite like this.
  10. Mackem Al

    Mackem Al Central Defender

    I know a kid works for Carillion. Works from home. At least once a week he gets his mates round and they play poker, watch At The Races and have a drink. Doesn't do any work. Says it all really.
  11. Paddy O'Dors

    Paddy O'Dors Striker

  12. Billy Fish

    Billy Fish Striker

    A few points to consider, your earlier post said they were the biggest contractor today by far, it didn't mention 2013.
    Your post above is again talking of profitability which doesn't make them the biggest.
    It's been shown that the high profitability and subsequent high share value was due to false reporting of profit on contracts and as the true facts came out the profit warnings came and the share price tumbled.
    Basically they massaged the truth of their true wealth in order to take out Balfours but it's backfired spectacularly
  13. mcq10

    mcq10 Striker

    Another company too big to fail. See there’s talk of tax payers bailing them out
    sidneyeric likes this.
  14. the dark one

    the dark one Winger

    Fucks sake man.I said they were the largest.Thats because on paper they were.The fact they may have dressed up the figures is materless. Couldn't give a flying fuck that theyve failed.They remind me of Tesco tbh.
  15. Frijj

    Frijj Striker

    Nationalise the fuckers.
  16. Wilfy

    Wilfy Striker

    Don’t think that’s going to happen. I reckon the government will lend the administrator £300m to keep them going, the administrator will sell off whatever it can, pay the government the £300m back and the creditors will get the rest. Certain contracts will be tuped back to the government where they were originally.
  17. mcq10

    mcq10 Striker

    The irony being the amount of government contracts they have the government can’t let them fail
  18. Frijj

    Frijj Striker

    Guaranteed bailout then!
  19. Billy Fish

    Billy Fish Striker

    O'Rourke will buy them for a pound on the proviso he gets the government work on a cost plus basis and can incorporate precast on any Project he chooses.
    HerdnMulhall likes this.

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