Nick Real Deal
Vital Football Legend
Disastrous outcome for many businesses. The writing has been on the wall for years. I am hearing the company has been under bidding to get contracts then making losses due to no margin. Also late completions like Liverpool hospital being a year late .
Many were govt contracts and I don't get how such a company gets a contract without delivering it being financially sound. They were also bidding on and winning contracts overseas such as a Canadian telecoms project that went arse up.
The projects over here were so intertwined with govt with hospitals, prisons, schools and HS2 etc. I feel sorry for sub contractors and dependent suppliers who could go under due to debts owed to them. A small concern providing dry cleaning services is owed 100 k.
The pension fund is 600 million in deficit and they owe 1 billion odd to lenders. To get into this position is scandalous.
Many were govt contracts and I don't get how such a company gets a contract without delivering it being financially sound. They were also bidding on and winning contracts overseas such as a Canadian telecoms project that went arse up.
The projects over here were so intertwined with govt with hospitals, prisons, schools and HS2 etc. I feel sorry for sub contractors and dependent suppliers who could go under due to debts owed to them. A small concern providing dry cleaning services is owed 100 k.
The pension fund is 600 million in deficit and they owe 1 billion odd to lenders. To get into this position is scandalous.