Capita profits warning

[El Cid]

I hope not. I spent too much time being educated in portacabins with a mobile paraffin heater and buckets under the leaks because of public sector inefficiencies back in the 70's and 80's. Kids don't deserve that.

 

That is because the Governments didn't want to pay the money to fix them. Nothing to do with public/private.

[Fudbeer]

I thought that this information might be available, but I can't find it.

 

Pension deficit is around £380m.

 

Net debt is £1.1bn

 

They have serious issues by expanding to fast and taking on massive debt.

 

The new guy is doing the right thing by lowering debt with the rights issue and stopping the dividend and it should make them stronger when its all done.

 

However the directors have some serious questions to answer about letting the company get this bad.(which if course they will probably never answer)

[ENG601PM]

That is because the Governments didn't want to pay the money to fix them. Nothing to do with public/private.

 

That's because all the money was going out in public sector wages and inefficiencies.

 

Workforce https://www.closer.ac.uk/wp-content/uploads/Public-sector-workforce.png

 

Efficiency (NHS example) https://quarterly.blog.gov.uk/wp-content/uploads/sites/5/2016/01/CSQ10-smarter-state-fig3-960.jpg

[Baron99]

Looks like they've overstretched themselves with too many acquisitions? Capita also has a possible problem with the fact that many of their contracts are up for renewal.

 

If you were a local authority or other public body, wouldn't you think twice about paying them many millions if not billions to run your services, when they may go bust?

 

http://www.independent.co.uk/news/business/analysis-and-features/capita-shares-profit-warning-carillion-private-firm-contractor-government-what-does-it-do-explainer-a8187451.html

[hackey lad]

Looks like they've overstretched themselves with too many acquisitions? Capita also has a possible problem with the fact that many of their contracts are up for renewal.

 

If you were a local authority or other public body, wouldn't you think twice about paying them many millions if not billions to run your services, when they may go bust?

 

http://www.independent.co.uk/news/business/analysis-and-features/capita-shares-profit-warning-carillion-private-firm-contractor-government-what-does-it-do-explainer-a8187451.html

 

It dosent seem to worry Sheffield city council

[alchresearch]

That is because the Governments didn't want to pay the money to fix them. Nothing to do with public/private.

 

Its the same today with Amey neglecting their maintenance contracts on prisons.

[nikki-red]

Posts have been removed. If you suspect that someone has more than one account then please use the report function.

 

Do not post about it on this (or any other) thread.

 

Thank you.

[tzijlstra]

That's because all the money was going out in public sector wages and inefficiencies.

 

Workforce https://www.closer.ac.uk/wp-content/uploads/Public-sector-workforce.png

 

Efficiency (NHS example) https://quarterly.blog.gov.uk/wp-content/uploads/sites/5/2016/01/CSQ10-smarter-state-fig3-960.jpg

 

Do you know how to reference properly? Because without any context those posts are pointless.