November 17, 2017 / 2:23 PM / a year ago

FACTBOX-A look at troubled British builder Carillion

Nov 17 (Reuters) - British construction company Carillion issued its third profit warning since July on Friday, sparking a plunge in its shares after saying it would need to recapitalise.

It cited delays in selling some public–private partnerships, in the start date of a “significant” project in the Middle East and disappointing progress in improving margins on some of its UK Support Services contracts.

Following are details on the company, including its top projects:

* Carillion employs more than 30,000 people

* In 2016 it reported revenue of 5.2 billion pounds ($6.9 billion), up almost 14 pct

* In H1 2017 it made revenue of 2.5 billion pounds and a loss before tax of 1.2 billion pounds

* Has issued three profit warnings since July, with its shares plunging to lifetime lows after the latest

* Its main businesses are support services (including road maintenance and facilities management); public sector contracts (including in the defence, health and education sectors), and construction services

* Company generates most of its business in Britain but also has projects across in Canada and the MENA (Middle East and North Africa) region

* Top clients include Britain’s Ministry of Defence, Highways England, BT Plc and KBR

* On Friday, it raised its expected 2017 average net borrowing forecast to 875-925 million pounds. Analysts estimate its debt including provisions, pensions and accounts payable at about 1.5 billion pounds

* Its market value is less than 180 million pounds, down from a peak of 1.67 billion pounds a decade ago

* In July it won a 1.4 billion pound contract to help build Britain’s 56 billion pound High Speed 2 railway that will connect London to cities in the north of England


In February, Carillion telent, a 60:40 joint venture, signed a three-year extension to its framework agreement with Openreach, a division of BT, with a potential value of up to 1.5 billion pounds. Works include the maintenance, extension and repair of the telephone and data network in the North East, Midlands & Wales, South West and London & North Home Counties of England. (


Carillion's joint venture with KBR was awarded in 2016 a construction and support services contract by Britain's Ministry of Defence worth over 1.1 billion pounds. Construction works have an estimated value of 680 million pounds, with completion scheduled for 2020. (


A consortium including construction firms Carillion, Balfour Beatty and Galliford Try, was awarded a 745 million pound contract in 2014 to build roads in Scotland which is scheduled to be completed next year. (


Carillion, in joint venture with Kier, was awarded a contract in 2015 by Highways England for a package of "smart motorway" works that have an estimated value of up to approximately 475 million pounds. Work scheduled for delivery over until 2019. (


A Carillion joint venture, the Hospital Company, secured a 30-year concession 430 million pound contract from the Sandwell and West Birmingham Hospitals NHS Trust to deliver the new Midland Metropolitan Hospital as a Public Private Partnership. Completion is scheduled for mid-2018. (

$1 = 0.7577 pounds Reporting By Justin George Varghese and Subrat Patnaik in Bengaluru; Editing by Jason Neely and Mark Potter

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