BobKowalski
Well-Known Member
- Joined
- 17 May 2007
- Messages
- 19,828
Good point.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Good point.
BobKowalski
Well-Known Member
- Joined
- 17 May 2007
- Messages
- 19,828
Hang on. If they were underbidding for the contracts, wouldn't they be losing even more money if they got new contracts?
They were probably after cash flow to keep themselves afloat - which in this case meant keeping the banks happy and meeting loan schedules - whilst they figured a way out of the mess but you’re right in that contracts with negative margins would ultimately catch up with them and add to the problems.
Don't forget he let Virgin and Stagecoach off paying £2 billion owed to the treasury.Coincidence?
Chris Grayling appointed Justice Secretary in 2012
First job is to be involved in a "Prison benchmarking programme" where staff were reduced from about 23,000 in 2012 to about 18,000 in 2015
After a Prison enquiry it was decdided savings and staffing shortages had made "a significant contribution to the deterioration and safety" in prisons.
Carillion awarded Prison contract in 2015
Grayling gets a sideways move in 2015
Grayling then lands the Transport Secretary's job in July 2016
Carillion awared HS2 contract in July 2017
Like i say, coincidence?
TCIB
Well-Known Member
Am i the only one who thinks it is a good name for a Star Wars type of ship.
"Akbar, get that carillion cruiser ready you lazy twat"
"Akbar, get that carillion cruiser ready you lazy twat"
BobKowalski
Well-Known Member
- Joined
- 17 May 2007
- Messages
- 19,828
Am i the only one who thinks it is a good name for a Star Wars type of ship.
"Akbar, get that carillion cruiser ready you lazy twat"
Yeah it does have a Star Wars feel to it. Probably explode in the last scene and shaft everyone like it’s Earth counterpart.
TCIB
Well-Known Member
Coincidence?
Chris Grayling appointed Justice Secretary in 2012
First job is to be involved in a "Prison benchmarking programme" where staff were reduced from about 23,000 in 2012 to about 18,000 in 2015
After a Prison enquiry it was decdided savings and staffing shortages had made "a significant contribution to the deterioration and safety" in prisons.
Carillion awarded Prison contract in 2015
Grayling gets a sideways move in 2015
Grayling then lands the Transport Secretary's job in July 2016
Carillion awared HS2 contract in July 2017
Like i say, coincidence?
Edwina Currie talks to my mum often as they seem to have the same shopping day at marks and sparks. The woman says often to mum that the lot of them are dodgy, even young idealistic wide eyed good eggs get absorbed into the system. The casual conversations apparently can often talk about the public as if we are scum and a problem to be overcome as much as any honest efforts at something being chatted over a glass of fine wine.
We could do worse than dissolve it all and start fresh with people from outside the system but it will never happen.
andyhinch
Well-Known Member
Throw them all in an acid bath ? I like your thinking.Edwina Currie talks to my mum often as they seem to have the same shopping day at marks and sparks. The woman says often to mum that the lot of them are dodgy, even young idealistic wide eyed good eggs get absorbed into the system. The casual conversations apparently can often talk about the public as if we are scum and a problem to be overcome as much as any honest efforts at something being chatted over a glass of fine wine.
We could do worse than dissolve it all and start fresh with people from outside the system but it will never happen.
TCIB
Well-Known Member
lol Andy you daft bugger, but now you say it! heheThrow them all in an acid bath ? I like your thinking.
Chippy_boy
Well-Known Member
Hang on. If they were underbidding for the contracts, wouldn't they be losing even more money if they got new contracts?
Businesses usually go under because they run out of cash. New contracts = more revenue = more free cash flow. Losses are fine provided you have the backing and the necessary free cash.
It's not as straightforward as people seem to think. Who knows which contracts were / were not profitable. And who knows what the business plans were. Maybe winning contracts at loss-leading prices was part of the strategy? I have no idea, and I doubt anyone else on here has either.
Chippy_boy
Well-Known Member
The public? Couldn't agree more.Throw them all in an acid bath ? I like your thinking.