Just some of the figures behind this week’s news on ONS revisions, HS2 rivals finding out about Fluor, and the latest on Carillion.
24 hours – from HS2 bombshell to deadline
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CN revealed this week that HS2 informed rivals that Fluor had joined the Bam / Ferrovial team just 24 hours before a crucial tender deadline for the £1.3bn station deal. HS2 formally told bidders of its decision to allow Fluor into the race on 29 March – a day before the first ITT deadline for Old Oak Common.
1.6 – percentage point ONS revision
The latest revisions to ONS figures suggest construction did not in fact enter recession last year, with the three-month-on-three-month output change for October 2017 alone being revised up from its initial estimate of -1.4 per cent to +0.2 per cent. The new data shows output was flat or increasing on for the four months to October.
30 million – Clapham Junction’s annual traffic
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Train operator South Western Railway has handed management of the station to Network Rail in order for upgrade works to take place. Making Clapham Junction a managed station gives Network Rail full control of its maintenance and renewal work, as well as its commercial activities.
500 – Interserve’s ‘complete dispersal’
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The contractor will sell the equipment in an unreserved public auction next month in Rockingham, Northamptonshire. An Interserve spokesperson told CN the sale had been planned for some time and was part of a strategy to rent rather than own construction equipment.
49% – Profit increase at Shaylor
Contractor Shaylor has reported pre-tax profit of £7m for the year to 30 September 2017, giving a pre-tax margin of 4.8 per cent. The company’s balance sheet weakened slightly, with net assets decreasing from £17.9m in 2016 to £15.3m. However, the group’s cash position grew from £11.9m to £14.7m for the year.
5,000 – Carillion staff in limbo
20180413 week in numbers carillion
The official receiver this week announced that 23 more employees at the failed contractor had been let go– around half of whom worked within the construction division and came from Carillion’s central design services team. A further 179 employees have been transferred to new suppliers, taking the total number of staff who have been found new roles to 10,000.