This is just on example of what we're up against. Ringway are contracted to maintain our roads in Gloucestershire.
This exemplifies the quality of their work! A two year old with a bucket and spade could do better.
I checked out ringway and this is what I discovered:-
Ringway have an interesting strapline: Delivering highways differently
They are actually Ringway Infrastructure Service Ltd.
Contracts with
Hertfordshire County Council
Milton Keynes City Council
Worcestershire County Council
Gloucestershire County Council
Bracknell Forest Council
They generated about £16m of profit last year (this is the rough ballpark per anum) which I assume winds its way through VINCI Construction Holding Limited which has a controlling interest of their shares.
VINCI Construction Holding Limited consolidates other PFI contracts; Ringway Hounslow Highways Ltd, Ringway Island Roads Ltd along with many other interests, Taylor Woodrow etc.
Despite consolidated income of £2.2bn, inexplicably (to me at least) this becomes a £21m loss......
Anyway Vinci SA, a french public limited company, has a controlling interest in VINCI Construction Holding Limited.
I just cannot understand why Highway maitainance isn't done in-house. There are far too many fat cats in this supply chain.
#FatCats #RipOffBritain #Ringway