Carillion

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Carillion plc
Type Public limited company
Traded as LSECLLN
Industry Facilities management, Construction, Civil engineering
Founded 1999
(demerger from Tarmac)
1903
(foundation)
Headquarters Wolverhampton, West Midlands, United Kingdom
Key people Philip Green (Chairman)
Richard Howson (CEO)
Revenue £4,080.9 million (2013)[1]
Operating income £214.3 million (2013)[1]
Net income £106.3 million (2013)[1]
Employees circa 40,000 (2013)[2]
Website www.carillionplc.com
Not to be confused with Carillon.

Carillion plc is a British multinational facilities management and construction services company headquartered in Wolverhampton, United Kingdom. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

Carillion was created in July 1999 by a demerger from Tarmac, which was founded in 1903; the new company included the former Tarmac Construction contracting business and Tarmac Professional Services.[3]

In September 2001, Carillion acquired the 51% of GT Rail Maintenance it did not already own thereby creating Carillion Rail.[4] In August 2002, Carillion bought Citex Management Services for £11.5 million[5] and, in March 2005, it acquired Planned Maintenance Group for circa £40 million.[6] After that, in February 2006, Carillion went on to acquire Mowlem, another UK support-services firm, for circa £350 million[7] and in February 2008, it acquired Alfred McAlpine, yet another UK support-services firm, for £572 million.[8] Then in October 2008 Carillion bought Van Bots Construction in Canada for £14.3 million.[9]

In April 2011 Carillion bought Eaga, an energy efficiency business, for £306 million[10] and then, in December 2011, it announced that 4,500 people were at risk of redundancy in Carillion Energy Services (formerly Eaga) due to UK government plans to reduce solar feed-in tariff incentives.[11]

In mid-2014, the company spent several weeks attempting a merger with rival Balfour Beatty. Three offers were made; the last bid, which valued Balfour Beatty at £2.1 billion, was unanimously rejected by the Balfour Beatty board on 19 August 2014. Balfour refused to allow an extension of time for negotiations which could have prompted a fourth bid. Carillion subsequently announced the same day it would no longer pursue a merger with its rival.[12]

Operations[edit]

the Yas Viceroy Abu Dhabi Hotel built by Carillion

Carillion provides facilities management services and also undertakes a range of construction projects including roads and hospitals. Most of its business is in the United Kingdom, but it also operates in several other regions, such as Canada, the Middle East and the Caribbean.[13]

Carillion Rail carries out track renewals on the UK rail network and contract work for Network Rail.[14]

In 2013 Carillion was fined £180,000 plus £28,551 in costs for breaches of health and safety regulations which led to a motorcyclist being completely paralysed in an accident on the A12 road in England. The Health and Safety Executive said that Carillion had failed to put up signs to warn motorists of a road closure in good time.[15]

Major projects[edit]

Major projects involving Carillion have included new facilities for the Royal Opera House (completed in 2000),[16] the Tate Modern (completed in 2000),[17] Star City in Birmingham (completed in 2000),[18] Darent Valley Hospital in Kent (completed in 2000),[19] the Grand Mosque in Oman (completed in 2001),[20] the Great Western Hospital in Swindon (completed in 2002),[21] the Copenhagen Metro (completed in 2002),[22] Government Communications Headquarters (GCHQ) (completed in 2003),[23] the M6 Toll (completed in 2003),[24] Beetham Tower Manchester (completed in 2006),[25] new facilities for the John Radcliffe Hospital (completed in 2006),[26] the Sheppey Crossing (completed in 2006),[27] Brampton Civic Hospital in Canada (completed in 2007),[28] High Speed 1 (completed in 2007),[29] Aylesbury Vale Parkway (completed in 2008),[30] the new facilities at the Queen Alexandra Hospital in Portsmouth (completed in 2009),[31] the Yas Viceroy Abu Dhabi Hotel in Abu Dhabi (completed in 2009),[32] the London Olympics Media Centre (completed in 2011),[33] London Heathrow Terminal 5C (completed in 2011),[34] the Royal Opera House Muscat (completed in 2011),[35] the Library of Birmingham (completed in 2013)[36] and the Majlis Oman (completed in 2013).[37]

In 2013, on a visit to China, George Osborne announced plans for a £800m project to be known as Manchester Airport City and due to be completed in 2016, for which, Carillion would partner with Chinese firm Beijing Construction Engineering Group (BCEG).[38]

In 2014 Carillion was chosen as Liverpool FC’s preferred bidder for the £75m expansion of its Anfield stadium.[39]

References[edit]

  1. ^ a b c "Preliminary Results for year ended 31 December 2013". Carillion. Retrieved 2014-03-08. 
  2. ^ "Key facts". Carillion. Retrieved 2013-03-02. 
  3. ^ "Tarmac to split in two". BBC News. 1999-03-16. Retrieved 2008-07-13. 
  4. ^ "UK Business Activity Report". UK Business Park. Retrieved 2010-03-28. 
  5. ^ "Carillion buys Citex Management Services". Construction News. 2002-08-22. Retrieved 2009-07-26. 
  6. ^ "Carillion buys M&E firm for £40m". Electrical Times. 2005-03-09. Retrieved 2012-03-24. 
  7. ^ "Construction firms agree takeover". BBC News. 2005-12-07. Retrieved 2008-07-13. 
  8. ^ "Carillion agrees to buy McAlpine". BBC News. 2007-12-10. Retrieved 2008-07-13. 
  9. ^ "Carillion’s delight at £205m boost". Express & Star. 2008-10-09. Retrieved 2012-04-13. 
  10. ^ Mason, Rowena (2011-02-12). "Carillion buys Eaga for £300m in bet on 'green home' revolution". London: Daily Telegraph. Retrieved 2011-11-21. 
  11. ^ Shankleman, Jessica. "4,500 Carillion jobs at risk over solar subsidy cuts". Business Green. Retrieved 27 June 2012. 
  12. ^ "Carillion calls off merger proposal with Balfour Beatty after third rejection". Big News Network.com. 20 August 2014. Retrieved 21 August 2014. 
  13. ^ "Carillion strategy protects it from cuts". Contract News. 8 December 2010. Retrieved 2011-02-26. 
  14. ^ "Carillion wins £122m Network Rail contracts". City AM. 3 July 2013. Retrieved 2013-09-27. 
  15. ^ "Suffolk road crash: Wolverhampton firm fined £180,000". BBC News. 8 November 2013. Retrieved 9 November 2013. 
  16. ^ "Royal Opera House". Carillion. Retrieved 2008-07-13. 
  17. ^ "Tate Modern". Carillion. Retrieved 2008-07-13. 
  18. ^ "Bright start for Star City". I-FM. 10 July 2000. Retrieved 2008-07-13. 
  19. ^ "Darent Valley Hospital: The PFI contract in action". National Audit Office. 2005. Retrieved 5 June 2012. 
  20. ^ "Carillion". Alawi Enterprises L.L.C. Archived from the original on 2008-02-16. Retrieved 2008-07-13. 
  21. ^ "Great Western Hospital, Swindon to axe up to 200 jobs". Labour Net. Retrieved 2006-10-26. 
  22. ^ "Copenhagen's First Metro Line Takes Shape". International Railway Journal (republished by High Beam). 1999-09-01. Retrieved 2008-07-13. 
  23. ^ "Carillion set for growth". BBC News. 2000-09-19. Retrieved 2008-07-13. 
  24. ^ "M6 Toll (formerly Birmingham Northern Relief Road)". The Motorway Archive. Retrieved 2008-07-13. 
  25. ^ "Beetham Tower Manchester". Skyscraper News. Retrieved 2008-07-13. 
  26. ^ "On the Roof for the Oxford Children's Hospital: Lord Drayson 'tops out' the Oxford Children's Hospital.". Oxford Radcliffe Hospitals NHS Trust. Retrieved 2008-07-13. 
  27. ^ "New high level bridge boosts jobs and regeneration in North Kent". Highways Agency (London). 2006-07-03. Retrieved 2008-07-13. 
  28. ^ "New hospital one step closer to opening". Brampton Guardian. 3 July 2007. Retrieved 2012-06-05. 
  29. ^ "Alstom participates in the European rail network". Web Trains. 13 November 2007. Retrieved 2012-03-24. 
  30. ^ "Full steam ahead for Aylesbury Vale Parkway". Bucks Herald. 2007-08-23. Retrieved 2012-03-24. 
  31. ^ "Carillion appointed on Portsmouth PPP". HD. September 2003. Retrieved 2009-06-24. 
  32. ^ "The right formula: Abu Dhabi's Yas Hotel". Building. 30 October 2009. Retrieved 2010-01-15. 
  33. ^ "Women make their mark on the 2012 Olympic site". BBC. 7 November 2010. Retrieved 15 April 2012. 
  34. ^ "Carillion land Heathrow Terminal 5 contract". Builder & Engineer. 11 September 2007. Retrieved 23 August 2013. 
  35. ^ "Carillion Alawi wins big at CW Awards - Oman". Construction Week. 28 March 2012. Retrieved 23 August 2013. 
  36. ^ "Carillion starts work on Birmingham's £193m library". Building. 8 January 2010. Retrieved 23 August 2013. 
  37. ^ "Carillion to build £275m parliament complex in Oman". Building. 23 July 2009. Retrieved 23 August 2012. 
  38. ^ "£800m Chinese investment for Manchester's 'Airport City' as UK visa rules are relaxed". London: Daily Mail. 14 October 2013. Retrieved 18 October 2013. 
  39. ^ "Liverpool FC chooses Carillion for £75m Anfield makeover". The Telegraph. 2 July 2014. Retrieved 2 July 2014. 

External links[edit]