so ..... basically they're bust - - - continued

[V8Druid]

as title .......or may be soon

HSS reels from loss of Amey contract

Listed tool hire group HSS has notified shareholders that it has just lost its biggest customers.

www.theconstructionindex.co.uk

" Following a retender process, Amey has decided to drop HSS Hire Group as its tool supplier after nine years and move to another supplier. "

that is going to sting -- and some

" It also means that Amey employees will lose their 40% staff discount on HSS catalogue prices. "

old article but may go a way to explaining the above

Amey's new owners write off £100m

In its last year under Spanish ownership, Amey saw its profits improve despite a dip in turnover.

www.theconstructionindex.co.uk

and whilst we're on the subject of Amey

Amey on the acquisition trail

Having culled the poor performing bits of the business, Amey is back in expansion and diversification mode.

www.theconstructionindex.co.uk

" Having culled the poor performing bits of the business, Amey is back in expansion and diversification mode. "

Used to do a hell of a lot for them, including renting them bits of my yard regularly as a base in the area ... were good payers too

 

[bobthebuilder]

radstocks ?

 

[V8Druid]

Window firm homes in on Welsh market

Door and window manufacturer NorDan UK is expanding into Wales with a new office and showroom in Cardiff.

www.theconstructionindex.co.uk

" The company is hoping to work with social housing providers to tap into the £270m investment promised by the Welsh government to upgrade affordable housing in the country "

filling the void left by Everest & UK Windows and Doors going bust ..... probably a big hole to fill in Wales and lots of public bucks up for grab

hardly net zero friendly though ..... WTF do they think all their plastic comes from??????

 

[kabin man]

https://www.reuters.com/business/autos-transportation/ev-startup-fisker-files-bankruptcy-2024-06-18/

This thread or the electric car thread...
They just opened their new showroom in Milton Keynes and slashed prices recently too.
Feel sorry for the people who parted up with over £50k.
Whats the options for owners with zero main dealer backup? Cant imagine the way out of this other than an 'accidental' fire..

 

[Lancs Lad]

https://www.reuters.com/business/autos-transportation/ev-startup-fisker-files-bankruptcy-2024-06-18/

This thread or the electric car thread...
They just opened their new showroom in Milton Keynes and slashed prices recently too.
Feel sorry for the people who parted up with over £50k.
Whats the options for owners with zero main dealer backup? Cant imagine the way out of this other than an 'accidental' fire..

Another one bites the dust...reality is hitting...
Imagine a 50k leccy milk float with no dealer or software updates etc ...fire is best option.
Lots of these outfits had handouts etc as well...

 

[V8Druid]

not a bad looking bus .. stick a V8 in it and it might sell well

 

[kabin man]

not a bad looking bus .. stick a V8 in it and it might sell well
View attachment 61535View attachment 61536

calling Mr Ineos.. next project..

 

[V8Druid]

not looking great

" Having won no new business in 2023, Ferrovial UK is pushing for a return to Ireland "

Ferrovial looks to Ireland as UK orders dry up

Having won no new business in 2023, Ferrovial UK is pushing for a return to Ireland.

www.theconstructionindex.co.uk

and

Ferrovial quits Heathrow

Spanish construction group Ferrovial has agreed the sale of its remaining 25% stake in Heathrow Airport Holdings for £2,368m.

www.theconstructionindex.co.uk

and

Keltbray grows 30% but dips into the red

Keltbray’s latest financial results show strong growth in revenue and while the cost of growth softened profits.

www.theconstructionindex.co.uk

 

[kabin man]

https://www.hampshirechronicle.co.uk/news/24424322.hampshire-mansion-seized-owner-goes-bankruptcy/

So ' larger than life' character Bob the builder has gone pop and the administrators have had to put security on his lavish old house to stop angry subbies causing damage. Shame he is long gone, I would of paid ringside seats for that one..
Remember them flaunting their house and cars when in reality they weren't paying their bills.
Wankers.

 

[doobin]

I know that place. Just down the road from my other half’s parents.

 

[V8Druid]

The collapse of Osborne: how covid, Truss, ‘market noise’ and failed rescue deals sent historic name under

Administrator details painstaking and long-standing effort to keep business set up in 1966 alive

www.building.co.uk

being insolvent would not have helped

 

[V8Druid]

https://www.hampshirechronicle.co.uk/news/24424322.hampshire-mansion-seized-owner-goes-bankruptcy/

So ' larger than life' character Bob the builder has gone pop and the administrators have had to put security on his lavish old house to stop angry subbies causing damage. Shame he is long gone, I would of paid ringside seats for that one..
Remember them flaunting their house and cars when in reality they weren't paying their bills.
Wankers.

HTF do you get .. " £725m in debt. " FFS

 

[sfrs4]

HTF do you get .. " £725m in debt. " FFS

a super car collection including 2 Lamborghinis and a 211mph ferrari will help you along nicely

 

[V8Druid]

a super car collection including 2 Lamborghinis and a 211mph ferrari will help you along nicely

yes but what moron gives you that level of credit in the first place ... he's obviously not paid in his own cash for them or he wouldn't be busted

 

[kabin man]

https://cardealermagazine.co.uk/pub...-ltd-has-nearly-190m-of-unsecured-debt/304540

Never saw the fun in buying a car unseen.I know you could send it back etc etc but if its a big purchase,find the time to view it.
The bigger picture is where has all the money gone..

 

[TiltyShaun]

https://cardealermagazine.co.uk/pub...-ltd-has-nearly-190m-of-unsecured-debt/304540

Never saw the fun in buying a car unseen.I know you could send it back etc etc but if its a big purchase,find the time to view it.
The bigger picture is where has all the money gone..

My daughter purchased a car from them and it was quite a smooth transaction with the car delivered to her door. No quibble returns policy and priced quite competitively.
It is a tough market in which you need to know your stock and move a lot of metal!! Clearly they didn’t and couldn’t!!

 

[kabin man]

My daughter purchased a car from them and it was quite a smooth transaction with the car delivered to her door. No quibble returns policy and priced quite competitively.
It is a tough market in which you need to know your stock and move a lot of metal!! Clearly they didn’t and couldn’t!!

saw a number somewhere that the profit per unit was £125. That's not massive money really considering the size of the beast..
Im sure it is viable on paper, but obv it didnt work out in this instance.

 

[V8Druid]

https://cardealermagazine.co.uk/pub...-ltd-has-nearly-190m-of-unsecured-debt/304540

Never saw the fun in buying a car unseen.I know you could send it back etc etc but if its a big purchase,find the time to view it.
The bigger picture is where has all the money gone..

HTF???? ...... where indeed

 

[Smiffy]

saw a number somewhere that the profit per unit was £125. That's not massive money really considering the size of the beast..
Im sure it is viable on paper, but obv it didnt work out in this instance.

Looks to be more to it than that.
The bulk of the money owed is to a shell company that has shares in them.
Wouldn't surprise me if it ends up being a money laundering thing

 

[Lancs Lad]

Looks to be more to it than that.
The bulk of the money owed is to a shell company that has shares in them.
Wouldn't surprise me if it ends up being a money laundering thing

Was loads about it online a bit back.

Ultimately directors of a company have fiduciary responsibility when running a company ,about time they went after all of them and the previous ones who no doubt creamed a fortune out of it....