Carillion

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Jan 15th 2018, 10:22 am

#16

scrubbedexpat141

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Re: Carillion

Quote:

Originally Posted by Millhouse

I used to work at EY in their liquidations team. They will be loving this and praying it’s a very complicated structure. Liquidator always gets paid first and against their headline rates. No discounts.

Export finance is always tricky, great though it is.

They don't get paid first once, they get paid first at every level. It's wonderful business for them.

Export finance was definitely involved, then it definitely wasn't. Then maybe. No idea what happened in the end.

Jan 15th 2018, 11:09 am

#17

weasel decentral

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Re: Carillion

What a mess, hopefully no-one on here is directly affected by it or at least had the good sense to bail out a few months ago when the writing was on the wall.

Guessing on an Arabtec, CCC and partner(s) JV to come in and take over the works? Good but risky opportunity for anyone considering stepping into the breach.

Jan 15th 2018, 11:16 am

#18

scrubbedexpat141

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Re: Carillion

Quote:

Originally Posted by weasel decentral

The local partner, AF, will hopefully make it all work for the people employed here and for the contracts they've got....beyond that it gets really messy I guess.

Jan 15th 2018, 12:14 pm

#19

co durham boy

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Re: Carillion

Quote:

Originally Posted by weasel decentral

I don't think you'll be far away with that . LOR walked away initially after declining to take the full package. We have a fair bit in there but everyman and his dog is in the frame.

Someone with deep pockets and a decent line of credit and a touch of influence

Jan 15th 2018, 2:16 pm

#20

nonthaburi

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Re: Carillion

Quote:

Originally Posted by Scamp

Nothing could possibly stop Unions from wading in could it?

And why shouldn't they? They're just representing their members.20,000 of them directly and how many more indirectly.

I actually thought Bernard Jenkin's comment was more to the point. That part about public service and not just enriching the shareholders.

From a Tory too...

Jan 15th 2018, 2:18 pm

#21

nonthaburi

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Re: Carillion

Quote:

Originally Posted by DXBtoDOH

Unions aren't evil by default. I find them beneficial. They just need to be regulated properly and therein lies the problem.

As do directors.

Jan 15th 2018, 3:53 pm

#22

littlejimmy

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Re: Carillion

Not a surprise. They were never the same after Fish left the band.

Jan 16th 2018, 2:49 am

#23

scrubbedexpat141

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Re: Carillion

Quote:

Originally Posted by nonthaburi

What are they going to achieve though? Some of the claims have been ridiculous around privatisation. The same folk would be insufferable if their PFI hospital had never been built.

Jan 16th 2018, 7:00 am

#24

Arnold S

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Re: Carillion

Quote:

Originally Posted by nonthaburi

I actually thought Bernard Jenkin's comment was more to the point. That part about public service and not just enriching the shareholders.

From a Tory too...

Lip service and saying the right thing at the right time. Only a fool would believe it.