• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Daily Doom

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Daily Doom

    BBC News - Connaught administration puts 10,000 jobs at risk

    Nearly 10,000 jobs are at risk as the property and environmental services giant Connaught faces collapse.

    The company, which specialises in social housing, is on the brink of going into administration, the BBC has learned.

    In an announcement to the London Stock Exchange, Connaught said it had tried to secure funding for its £220m debts.

    But funds were "not forthcoming", the group said. Trading in Connaught's shares has now been suspended.

    #2
    Did not you have some shares in it?

    Knowing your luck you probably had

    Comment


      #3
      £220,000,000!

      /

      10,000

      = £22,000 Gosh how do people get by on that?
      "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

      Comment


        #4
        Originally posted by scooterscot View Post
        £220,000,000!

        /

        10,000

        = £22,000 Gosh how do people get by on that?
        It's debt per employee, meaningless number if viewed outside of their revenues/profits/own funds etc.

        Comment


          #5
          Originally posted by AtW View Post
          Did not you have some shares in it?

          Knowing your luck you probably had
          I'd been in and out a few times, made about 1k the first time, eventually lost that, so came out zero.

          It did drop to 9p a few weeks ago before a rally to 18 and now DEAD!
          What happens in General, stays in General.
          You know what they say about assumptions!

          Comment

          Working...
          X