Carillion go into liquidation
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 chris123  hove actually 16 Jan 18 10.06am |
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Originally posted by Sportyteacher
What's liquation? It's a Chelsea song isn't it?
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| chris123 hove actually 16 Jan 18 10.17am |
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Something not right in the fundamentals, the company has reported profits year after year and been paying divis - I'd be asking the statutory auditors a few questions and whether the trustees of the pension fund had an adequate grasp of horizon issues.
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 becky over the moon 16 Jan 18 11.53am |
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.... and not just the dividends, they actually changed the rules governing the bonuses paid to Directors in 2016, so they are harder to clawback if/when the sh*t hits the fan
A stairway to Heaven and a Highway to Hell give some indication of expected traffic numbers |
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| chris123 hove actually 16 Jan 18 12.04pm |
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Originally posted by becky
.... and not just the dividends, they actually changed the rules governing the bonuses paid to Directors in 2016, so they are harder to clawback if/when the sh*t hits the fan I was looking at their 2016 accounts and the pension deficit more than doubled on the previous year for the closed schemes.
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| Rudi Hedman Caterham 16 Jan 18 12.09pm |
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Originally posted by chris123
It's a Chelsea song isn't it? That's 'Celeration.' With a bottle of wine, I'll tickle her bottom line....
COYP |
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| chris123 hove actually 16 Jan 18 12.17pm |
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Originally posted by Rudi Hedman
That's 'Celeration.' With a bottle of wine, I'll tickle her bottom line.... Ok well years ago it was Liquidator I'm sure.
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| Stuk Top half 16 Jan 18 1.41pm |
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Originally posted by croydon proud
At least the chief execs going to pick up his £660 k salary, and paid till October, maybe he could put some in the pot for the people not being paid,,, That's not the chief exec, it's the former chief exec.
Optimistic as ever |
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| elgrande bedford 16 Jan 18 2.07pm |
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Originally posted by chris123
Ok well years ago it was Liquidator I'm sure. It is liquidator....off one of the many brilliant tighten up albums of the 70s.
always a Norwood boy, where ever I live. |
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| Oliver Bodega Bay 16 Jan 18 3.19pm |
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Originally posted by matt_himself
Grayling hasn’t caused Carillion to collapse. Management over stretching the company and poor payment from Middle East contracts eroding cash flow appear to have done most of the damage. Carillion would have had to make guarantees about their financial stability when entering into tenders for contracts and these would, in all probability, would have to backed up with statements or guarantees from banks or credit rating agencies. If Carillion satisfied these items of a tender with credible evidence, why is Grayling to blame? Your statement appears politically driven rather than a fair assessment of the situation. Grayling is not too blame for the collapse but why was his department still awarding them large contracs following the profits warning in July 17. Theresa will once again pay a visit to her magic money tree. Ultimatly the public sector will once again take the hit to pick up the mess left by greedy capitalists (feel like I'm channelling the ghost of Gusset).
I have prepared one of my own time capsules. I have placed some rather large samples of dynamite, gunpowder and nitroglycerin. My time capsule is set to go off in the year 3000. It will show them what we are really like. |
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| Lyons550 Shirley 16 Jan 18 6.07pm |
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Originally posted by .TUX.
Agreed. Definitely have sympathy with the point that dividends were being paid when there was a black hole...so what role did the Finance Director have in this? You can't blame the shareholders..
The Voice of Reason In An Otherwise Mediocre World |
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| matt_himself Matataland 16 Jan 18 6.28pm |
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Originally posted by Oliver
Grayling is not too blame for the collapse but why was his department still awarding them large contracs following the profits warning in July 17. Theresa will once again pay a visit to her magic money tree. Ultimatly the public sector will once again take the hit to pick up the mess left by greedy capitalists (feel like I'm channelling the ghost of Gusset). A profits warning is not necessarily a precursor that the company will collapse. Assuming the due diligence was done and Carillion produced evidence of financial stability, then how could Grayling of possibly known about the underlying issues in the company? Surely ire should be directed at the civil service? They would be the one’s doing the due diligence. Edited by matt_himself (16 Jan 2018 6.28pm)
"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02 |
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eagleman13  On The Road To Hell & Alicante 16 Jan 18 6.31pm |
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Big Q's outside Battersea Power Station this morning as it is a 'Carrillion' run site. I only deal with Careys/Keltbray/Maylim/Blu-3 on this site. The FLO/NLE site is not effected, not is the FLO/Tideway site the other side. Gonna be interesting when 33 Nine Elms Lane finally opens next month. American Embassy for those that don't know
I'm a blind man, i'm a blind man, now my room is cold, |
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