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V8Druid 05-10-2017 03:25 PM

so basically they're bust
 
when you look at what they owe their pension fund alone, they're completely insolvent!! :mad:

No company should be allowed to fall behind on pension contributions OR be allowed access to these funds to borrow from, or use as they fancy/like.
All pension funds should be ring-fenced and totally inaccessible for use other than their intended purpose :mad:

http://www.theconstructionindex.co.u...losses-top-1bn

JD450A 05-10-2017 09:57 PM

Re: so basically they're bust
 
It's alright, tomorrow will be a better place :(

V8Druid 06-10-2017 12:31 AM

Re: so basically they're bust
 
Quote:

Originally Posted by JD450A (Post 156544)
It's alright, tomorrow will be a better place :(

I wouldn't bet on that one Rory :eek: :(

budgie 06-10-2017 01:08 PM

Re: so basically they're bust
 
Certainly wouldn't want to be a suby on any its sites, it used to be bad enough....but now the bean counters will be further instructed to be ruthless....
in what will be called an efficiency drive......extending the 90-120 days to longer if you become a tier 1 contractor

grahams 06-10-2017 04:51 PM

Re: so basically they're bust
 
Surprisingly enough I’m still being paid on time at 30 days on the dot. It is obviously a concern as I do a lot of work for one of their divisions, but so far all okay, so fingers crossed.
I thought everyone knew buying work only leads to upset later on, but I guess whoever has been consistently underpricing tenders is too young to have learnt the lessons of the past.
I do wonder if they are “too big to fail” like the banks. When you consider they run the MOD and seem to be involved in most big infrastructure projects if they were to shut down over night there would be chaos.
Graham

V8Druid 06-10-2017 11:04 PM

Re: so basically they're bust
 
Quote:

Originally Posted by grahams (Post 156553)
Surprisingly enough I’m still being paid on time at 30 days on the dot. It is obviously a concern as I do a lot of work for one of their divisions, but so far all okay, so fingers crossed.
I thought everyone knew buying work only leads to upset later on, but I guess whoever has been consistently underpricing tenders is too young to have learnt the lessons of the past.
I do wonder if they are “too big to fail” like the banks. When you consider they run the MOD and seem to be involved in most big infrastructure projects if they were to shut down over night there would be chaos.
Graham

aye you're probably right Gra ..... there's a few out there like that and the banks stand to lose so much if they went, they continue to float them, even though they're bottomless money pits :( :mad:

When did the PSA bite the dust then Boyo?

grahams 07-10-2017 10:09 AM

Re: so basically they're bust
 
Quote:

Originally Posted by V8Druid (Post 156567)
When did the PSA bite the dust then Boyo?

Got to be 10+ years ago I guess

V8Druid 27-11-2017 10:49 PM

Re: so basically they're bust
 
yet more bad news :( ..... and even more bad news :eek:

HTF are they still trading with debts ten times their worth :confused: :mad:

http://www.theconstructionindex.co.u...from-carillion

http://www.theconstructionindex.co.u...carillion-jobs

grahams 28-11-2017 06:09 PM

Re: so basically they're bust
 
Quote:

Originally Posted by V8Druid (Post 157265)
yet more bad news :( ..... and even more bad news :eek:
HTF are they still trading with debts ten times their worth :confused: :mad:

Too big/important to be allowed to fail, like the banks.
Graham

V8Druid 29-11-2017 04:35 PM

Re: so basically they're bust
 
Quote:

Originally Posted by grahams (Post 157283)
Too big/important to be allowed to fail, like the banks.
Graham

scandalous though Gra, that:-
(a) they're allowed to be in control of all that they are, without being able to manage their own fiscal affairs, in a business like and solvent manner :mad:
(b) they will be allowed to continue in their cavalier manner, knowing they'll get propped up and not 'allowed' to fail :mad:
and
(c) it'll be tax payer's money doing it :mad:

You can guarantee the little people will be the first and foremost to suffer in any 'streamlining' / cost cutting exercises that get instigated :mad:

You, or I, or Joe Blogs'd be wound up long ago and all the blood sucked out of us, along with the marrow too !!!!!!


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