The man leading Serco’s bid to take over ferry services to Bute and elsewhere says people should not be scared by his company’s need to turn a profit.
Jonathan Riley, the bid director for Serco Caledonian Ferries Ltd, spoke to The Buteman during a drop-in event aimed at giving the Bute public the chance to find out about the company’s bid for the Clyde and Hebrides Ferry Service (CHFS) contract, which begins in October 2016.
“The profit issue is a bit of a misnomer,” Mr Riley said. “Any of us needs to make a profit in our own life to get by.
“I don’t see any difference between us and our shareholders and CalMac and the government. If something goes wrong we have to pay for it.
“Our profits are not just about returns for our shareholders. They’re about building resilience against future ups and downs.
“It’s probably more transparent with us - we generate a profit that goes to Serco and its shareholders. People can see that, full stop. If we get it wrong we’ll have to face the consequences.”
* Read our interview with Mr Riley in full in the November 20 issue of The Buteman - on sale now.