British Expats
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British Expats (https://britishexpats.com/forum/)
-   The Sand Pit (https://britishexpats.com/forum/sand-pit-116/)
-   -   Carillion (https://britishexpats.com/forum/sand-pit-116/carillion-907979/)

scrubbedexpat141 Jan 14th 2018 10:22 pm
Re: Carillion
 
Originally Posted by Millhouse (Post 12419121)
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.

weasel decentral Jan 14th 2018 11:09 pm
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.

scrubbedexpat141 Jan 14th 2018 11:16 pm
Re: Carillion
 
Originally Posted by weasel decentral (Post 12419161)
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.
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.

co durham boy Jan 15th 2018 12:14 am
Re: Carillion
 
Originally Posted by weasel decentral (Post 12419161)
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.
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;)

nonthaburi Jan 15th 2018 2:16 am
Re: Carillion
 
Originally Posted by Scamp (Post 12419084)
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...

nonthaburi Jan 15th 2018 2:18 am
Re: Carillion
 
Originally Posted by DXBtoDOH (Post 12419089)
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.

littlejimmy Jan 15th 2018 3:53 am
Re: Carillion
 
Not a surprise. They were never the same after Fish left the band.

scrubbedexpat141 Jan 15th 2018 2:49 pm
Re: Carillion
 
Originally Posted by nonthaburi (Post 12419311)
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...
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.

Arnold S Jan 15th 2018 7:00 pm
Re: Carillion
 
Originally Posted by nonthaburi (Post 12419311)
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.

Miss Ann Thrope Jan 15th 2018 9:40 pm
Re: Carillion
 
Originally Posted by littlejimmy (Post 12419393)
Not a surprise. They were never the same after Fish left the band.
Titter titter (but wasn't it Phish?).

littlejimmy Jan 15th 2018 9:49 pm
Re: Carillion
 
Originally Posted by Miss Ann Thrope (Post 12419903)
Titter titter (but wasn't it Phish?).

Don't think so. Could be wrong.


I've now got Karma, Karma, Karma, Karma, Karma Carillion going round in my head. I blame the desert air.

Eeyore Jan 16th 2018 12:14 am
Re: Carillion
 
Originally Posted by Miss Ann Thrope (Post 12419903)
Titter titter (but wasn't it Phish?).
Phish is an American band (and name of a type of Ben & Jerry's ice cream). Derek "Fish" Dick was the lead singer of Marillion.

littlejimmy Jan 16th 2018 5:01 am
Re: Carillion
 
Originally Posted by Eeyore (Post 12419994)
Phish is an American band (and name of a type of Ben & Jerry's ice cream). Derek "Fish" Dick was the lead singer of Marillion.
And Phishing is what people do when they try and get your bank details with dodgy texts/e-mails.

Miss Ann Thrope Jan 16th 2018 6:17 pm
Re: Carillion
 
Pheck off the lot of you

co durham boy Jan 16th 2018 11:00 pm
Re: Carillion
 
Some of there work has already been re awarded , seen enquiries today for packages which were AFC .

Didn't take them long


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