I expect taxpayers will feel the brunt of this as we will with the water companies.
This is a small company, many more in the UK offer this service.
I think the more worrying thing is that this case was reported because of the size of the company. I heard quite a few stories over the year about small / medium size construction companies going bust / doing massive layoffs. It seems it got especially bad this autumn. I think we are going to hear more stories like this in near future.
Are we/have we been building many prisons? I thought that was the problem?
I thought most prisons were so old and falling to bits I’m surprised there was even a company with 2000 employees dedicated to building them.
What exactly were they doing? Genuine question, I’m not being flippant.
This is what happens when, essentially you are just borrowing money to keep going. It’s also been a really hard time for business in general in the uk. We had brexit, covid, brexit again (when it came into force), Russian invasion Ukraine, liz truss all with the back drop of incompetent governance.
Unemployed skilled labourers all over the nation and a shortage of homes. We have a national home building labour force ready that would serve us better than the current monopoly.
The UK needs to build more prisons (as well as other infrastructure).
2400 people with experience building prisons are now out of a job.
What’s stopping the government just setting up their own state-owned prison building company to ensure this building still gets done and ensures thousands of people aren’t suddenly put out of work?
Fun fact: they were building my new school site….IG it will prob never be completed now
rejected my job application… Blessing in retrospect
So what happened here? They say they have unprofitable projects from 2018-2020 that has effected cash flow. Did they vastly under estimate tenders to gain projects then had to follow through? How is this legal? Did nobody in procurement do due diligence? Is anyone smarter than me able to fill in the blanks here?
They owe the company I work for millions. And have millions of pounds worth of our kit on sites it will take ages to get back losing future rental on it. I can see job losses coming for us.
11 comments
I expect taxpayers will feel the brunt of this as we will with the water companies.
This is a small company, many more in the UK offer this service.
I think the more worrying thing is that this case was reported because of the size of the company. I heard quite a few stories over the year about small / medium size construction companies going bust / doing massive layoffs. It seems it got especially bad this autumn. I think we are going to hear more stories like this in near future.
Are we/have we been building many prisons? I thought that was the problem?
I thought most prisons were so old and falling to bits I’m surprised there was even a company with 2000 employees dedicated to building them.
What exactly were they doing? Genuine question, I’m not being flippant.
This is what happens when, essentially you are just borrowing money to keep going. It’s also been a really hard time for business in general in the uk. We had brexit, covid, brexit again (when it came into force), Russian invasion Ukraine, liz truss all with the back drop of incompetent governance.
Unemployed skilled labourers all over the nation and a shortage of homes. We have a national home building labour force ready that would serve us better than the current monopoly.
The UK needs to build more prisons (as well as other infrastructure).
2400 people with experience building prisons are now out of a job.
What’s stopping the government just setting up their own state-owned prison building company to ensure this building still gets done and ensures thousands of people aren’t suddenly put out of work?
Fun fact: they were building my new school site….IG it will prob never be completed now
rejected my job application… Blessing in retrospect
So what happened here? They say they have unprofitable projects from 2018-2020 that has effected cash flow. Did they vastly under estimate tenders to gain projects then had to follow through? How is this legal? Did nobody in procurement do due diligence? Is anyone smarter than me able to fill in the blanks here?
They owe the company I work for millions. And have millions of pounds worth of our kit on sites it will take ages to get back losing future rental on it. I can see job losses coming for us.