Cormac finds a record £6.5 million profit in potholes

Posted By on 23rd July 2019

By Graham Smith Cormac has made a record profit of nearly £6.5 million.  The Wadebridge-based company, part of the Cornwall Council-owned Corserv group, has changed its focus over the past…

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  1. Of course they have a ”sustainable pipeline” of work, they are a monopoly!

    They can charge themselves (in the form of Cornwall Council) whatever they like, so it seems that in reality they actually overcharge themselves to post healthy profits to make it look and sound good.

    Effectively CORMAC is a money re-cycling scheme whose most useful function is to provide employment.

    I cant help wondering how many of those little white vans it operates though.

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