The old Carey Group Office in Wembley
Anyone driving or taking the bus around the back of Wembley Stadium will be familiar with acres of Carey Group plant, now much of it moved to Aston Clinton in Buckinghamshire.
The company was started in 1969 by three Irish brothers and is now a huge multi-faceted company but still privately owned:
In 2023 Carey Group owned T.E. Scudder Ltd was fined for colluding in illegal rigged bids for demolition and asbestos removal contracts. Ten firms were fined a total of nearly £60m.
Now Circadian Limited, a Hong King based developer, has started a legal action against the Group alleging that it was over-charged £2.4m for demolition work at Lots Road Power Station in London.
The claim states, 'the Cartel Arrangements caused the price of construction services to be higher that they would have otherwise have been.'
The Carey Group have undertaken building work for Quintain Group and also own the Seneca waste processing plant in Wembley Park. They operate a charitable arm, the Carey Foundation and at one stage expressed interest in running the Welsh Harp Environmental Education Centre.
In September 2023 the Group made a profit of just £9m after a loss of £38m the previous year.
5 comments:
Not really a story for 'Wembley Matters' ?
It absolutely is. Carey Group was founded in Wembley and was part of the industrial scene here for decades while undergoing enormous expansion. The company is involved in substantial work foor Quintain and its financial and reputational status is of local importance. WM has covered other financial stories in the area including Quintain of course and parent company Lone Star. Then there is Great Mediterranean Holdings of Stonebridge/Unisys fame.
Too true
Who is robbing us?
It’s not overcharging if it’s to foreign companies. We now call it a trade tarriff.
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