collapse of Carillion - another Giant scam

The collapse of Carillon the multinational facilities management company (who it turns out actually have no physical assets at all) is yet another example of Government incompetence at best or government ministers collusion at worst.

Turns out that Carillion were in trouble way back in early 2016 - with stock market short seller firms (basically betting on the collapse of Carillion share price) - Lots of Government members are linked as directors of these firms - surprise, surprise !!!

Asking a more knowledgeable colleague of mine to explain how Carillion, serco, capita, G4S, and other so called multinational facilities companies run their business , he explained it as follows:-

The Government asks one of these companies to bid to build a road, or build a Hospital, or Paint an MOD housing complex, or feed a school, etc, etc.

Lets say, paint a school hall.

Quote 1:
paddies independent traders quote £300 - Government asks paddy for a breakdown in figures - paddy tells the Government £100 for materials, £100 for Labour and £100 for me.

Quote 2:
Jocks sweaty builders quote £600 - Government asks Jock for breakdown in Figures - Jock tells Government £200 for materials, £200 for labour and £200 for me.

Quote 3:
Carillion Quote £900 - Government asks Carillion for breakdown in figures - Carillion tells Government £300 for me, £300 for you and £300 for paddy to do the Job !!!

Quote 3 gets the contract.

No wonder the country is so F--ked up eh?

(Oh by the way, I am far from a socialist but I am beginning to question my views lately)

Blooobirds Forever

Not questioning its truth but that entire scenario is also from an old only fools and horses sketch about painting the pub, the paint guy was also a paddy

Not questioning its truth but that entire scenario is also from an old only fools and horses sketch about painting the pub, the paint guy was also a paddy

Knew he must have got it from somewhere

Many,many small companies and people will be hurt bad by this.Those small companies will be lucky to get 10p in the pound and yet another pension fund has a gaping hole in it.These facilities management companies are Thatchers legacy.

Stopped following them when Fish left for a solo career.

Sneggy old chap,
no axe to grind here but I do believe that with a little research you will find that the huge growth in pfi and general Govt outsourcing happened during the reign of terror of Bliar and one G. -'no more boom and bust'- Brown, who then went on to bust the UK.

Stopped following them when Fish left for a solo career.

If you dig deeper you will politicians on the pay roll somewhere at the top, Government bail them out, politicians become even richer, just as corrupt as some African tin pot country only UK can hide it better through various slimy sneaky means.

One of their sister company does all the military camp maintenance. They are absolutely shocking and the money they charge the MOD is ludacris. But aslong as people get rich whilst they cut soldiers wages I guess that's all that counts. Cunts the lot of them.

One of their sister company does all the military camp maintenance. They are absolutely shocking and the money they charge the MOD is ludacris. But aslong as people get rich whilst they cut soldiers wages I guess that's all that counts. Cunts the lot of them.

And they do a shit job aswell, unless its some posh HQ somewhere for some namby pamby pen pushing general and his minions.

One of their sister company does all the military camp maintenance. They are absolutely shocking and the money they charge the MOD is ludacris. But aslong as people get rich whilst they cut soldiers wages I guess that's all that counts. Cunts the lot of them.

And they do a shit job aswell, unless its some posh HQ somewhere for some namby pamby pen pushing general and his minions.

Yeah my mates got a disabled son so needed new patio doors and a smooth drive way etc and they sent some cowboy polskis absolutely decimated it he was waiting weeks and weeks for it to be sorted!

Carillion was, in effect, a giant 'Ponzi' scheme, taking on new loss-making jobs to finance the exisiting loss -making jobs.

It's an awful indictment of this and previous Governments, but there's one thing to rmemeber when it comes to those that run our Country - they are stupid and incompetent, almost to a man/woman. Just 2 things come to mind straight away - the brilliant scheme to change the way we renew our car tax, and May's idea for citizens with no powers whatsoever to form part of our border controls..

The collapse of Carillon the multinational facilities management company (who it turns out actually have no physical assets at all) is yet another example of Government incompetence at best or government ministers collusion at worst.

Turns out that Carillion were in trouble way back in early 2016 - with stock market short seller firms (basically betting on the collapse of Carillion share price) - Lots of Government members are linked as directors of these firms - surprise, surprise !!!

Asking a more knowledgeable colleague of mine to explain how Carillion, serco, capita, G4S, and other so called multinational facilities companies run their business , he explained it as follows:-

The Government asks one of these companies to bid to build a road, or build a Hospital, or Paint an MOD housing complex, or feed a school, etc, etc.

Lets say, paint a school hall.

Quote 1:
paddies independent traders quote £300 - Government asks paddy for a breakdown in figures - paddy tells the Government £100 for materials, £100 for Labour and £100 for me.

Quote 2:
Jocks sweaty builders quote £600 - Government asks Jock for breakdown in Figures - Jock tells Government £200 for materials, £200 for labour and £200 for me.

Quote 3:
Carillion Quote £900 - Government asks Carillion for breakdown in figures - Carillion tells Government £300 for me, £300 for you and £300 for paddy to do the Job !!!

Quote 3 gets the contract.

No wonder the country is so F--ked up eh?

(Oh by the way, I am far from a socialist but I am beginning to question my views lately)

Blooobirds Forever

Jocks Sweaty Builders? Really?