. +44 203 887 3591. Joel Pearce. Data Analyst
. +44 770 398 9433. A
The authoritative data source on £171 billion of UK government contracts www.tussell.com
Analysis of Carillion PLC Based on data from January 2015 – January 2018 15 January 2018
Tussell uses public sector information (a) licensed for use by the UK Government under the Open Government Licence v3.0 and/or (b) from the EU Tenders Electronic Daily website licenced for re-use by the European Commission. This information remains the copyright of the UK Government and European Commission respectively.
Joel Pearce
Gus Tugendhat
Data Analyst
Founder
[email protected]
[email protected]
+44 770 398 9433
+44 203 887 3591
2
Since January 2015, Carillion PLC and its subsidiaries have won 47 awards/frameworks* with a total value of £5.2B. Between 2016 and 2017 there was a 170% increase in the value of awards/frameworks issued to Carillion, mostly attributable to growth in Carillion’s share of frameworks awarded
Carillion PLC - Award Value and Volume by Month 2015
£508M
2016
£491M
2017
£441M £0M
£2,215M
14 13
£1,364M £500M
£1,000M
20 £1,500M
£2,000M
Award/Framework Value
£2,500M
0
5
10
15
20
Award/Framework Volume
Framework Value Award Value
*Award/framework value refers to the lifetime contract value of awards and frameworks won in the period. The reported value of frameworks (essentially preferred supplier lists) is the maximum amount of award value that could be issued within the agreement. This analysis includes awards/frameworks issued to all of Carillion’s subsidiaries and joint ventures, as listed in their latest financial report. 3
Since their first profit warning on 10th July 2017, Carillion and its subsidiaries have won 10 separate lots on awards/frameworks with a total value of £1.3B (see next slide for breakdown)
Carillion PLC - Awards/Frameworks Since Profit Warning (10th July 2017) £1,190M £0M
£200M
£400M
£600M
£137M £800M
Award/Framework Value
£1,000M
£1,200M
10 0
2
4
6
8
10
12
Award/Framework Volume
Award Value Framework Value
4
HS2 Limited issued the largest value contract to Carillion since their initial profit warning. Two contracts with a total value of £137M were awarded after Carillion’s second profit warning on 29th September 2017
Carillion PLC - Contracts Since Profit Warning Contracting Authority
Contract Title
Sector
Ownership
FW Date Awarded
High Speed TWO (HS2) Limited
Main Works Civils Contracts (‘MWCC’).
Construction
Fully-owned
Y
31/07/2017
Northern Ireland Housing CT028 Heating Services 2017. Executive
Support Services
Fully-owned
N
01/11/2017
£133M
Homes & Communities Agency
Delivery Partner Panel 3.
Construction
Part-owned
Y
17/07/2017
£124M
She eld City Council
YORcivil2 South and West Contractors Framework Agreement. Construction
Fully-owned
Y
09/08/2017
£25M
East Riding of Yorkshire Council
YORcivil2 North and East Contractors Framework Agreement.
Construction
Fully-owned
Y
09/08/2017
£10M
Leeds City Council
Leeds City Centre Cycle Superhighway - City Connect 2 (Phase Construction 1)
Fully-owned
N
03/10/2017
£4M
£1,030M
£0M
FW refers to framework.
£500M
£1,000M
Award/Framework Value
5
Since 2015, Scape Group has awarded the highest value of awards/frameworks to Carillion. The top 10 buyers account for 94% of the total value issued to the firm
Carillion PLC - Top 10 Buyers (Since Jan 2015) £1,500M
Scape Group Ltd
1
£1,030M
High Speed TWO (HS2) Limited
2
£507M
Department for Transport
5
Ministry of Justice
£500M
Northern Ireland Housing Executive
£499M
1 4
£215M
Cabinet O ce
1 4
Homes & Communities Agency Transport for London
£160M
Ministry of Defence
£159M
1 7
£120M
Lambeth College £0M
1 £500M
£1,000M
Award/Framework Value
£1,500M 0
2
4
6
8
Award/Framework Volume
Award Value Framework Value
6
Carillion PLC - Award/Framework Value by Contracting Authority Type 60% of Carillion’s award/framework value was issued by Central Government. The £1.03B HS2 framework accounts for nearly half of the remaining award/framework value
Carillion PLC - Award/Framework Value by Contracting Authority Type 24% Other
24% Other
60% Central Government
16% Local Government
16% Local Government
60% Central Government
7
7 Carillion awards/frameworks worth £308M expire in 2018 followed by a further £636M contracts expiring in 2019 and beyond
Carillion PLC - Contracts Expiry Schedule £308M
2018
7
£74M
2019 2020
£134M
2021
£42M
1 £226M
6 1
£159M
2022+ £0M £50M
£100M
£150M
£200M
2 £250M
Award/Framework Value
£300M
£350M 0
1
2
3
4
5
6
7
8
Award/Framework Volume
Award Value Framework Value This analysis is based on expiry dates as published in award notices, which are not always complete – for example, it does not include the £1.03B framework issued by HS2 in July 2017. As such, it understates the actual value of ‘live’ contracts yet to expire.
8
The authoritative data source on the UK’s £171 billion public sector marketplace
www.tussell.com
