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

[Vinpetrol]

There will be. It’s the Tory way. Privatise the profits and socialise the losses. Pricks.

Let it go bust then nationalise it . Wether your a Tory or labour supporter surely we can all agree that our national basic need industries like water and electricity should be publicly owned . They need protecting from public ownership profiteering. I remember someone saying on the forum a while back that we can’t run any public industries because all the employees will do feck all and look at it as a job for life , well even if this is the case would it cost any more than having paid all the profits to the shareholders and then having to pick up the pieces when the s**t show of a cash cow they have presided over stops giving milk.
Scottish water has been lined up to be privatised for last few years , no money being spent on infrastructure for years to make books look good , it’ll get bought and then the same thing will happen and when all the asbestos pipes finally give up the ghost the owners will bleat looking for public money to replace them .
They have just appointed an ex Thames water employee to run the show up here .
It makes my blood boil

 

[6feetdown]

Let it go bust then nationalise it . Wether your a Tory or labour supporter surely we can all agree that our national basic need industries like water and electricity should be publicly owned . They need protecting from public ownership profiteering. I remember someone saying on the forum a while back that we can’t run any public industries because all the employees will do feck all and look at it as a job for life , well even if this is the case would it cost any more than having paid all the profits to the shareholders and then having to pick up the pieces when the s**t show of a cash cow they have presided over stops giving milk.
Scottish water has been lined up to be privatised for last few years , no money being spent on infrastructure for years to make books look good , it’ll get bought and then the same thing will happen and when all the asbestos pipes finally give up the ghost the owners will bleat looking for public money to replace them .
They have just appointed an ex Thames water employee to run the show up here .
It makes my blood boil

There is no good answer. Private take all the money. Government will be labour heavy and even more red tape bs

 

[V8Druid]

Adastra collapses into administration

Adastra Access, specialist supplier of mastclimbing work platforms and suspended cradles, is in administration.

www.theconstructionindex.co.uk

and these'll be in this thread eventually ... management/employee ownership never ends well, or at least so history would indicate
https://www.theconstructionindex.co.uk/news/view/warwick-ward-moves-to-employee-ownership ...

gonna take a while to buy out too with only 3.6% pre-tax profits in '22
" the Ward brothers will be paid for their business over a number of years out of the profits. "

and a couple more ..

Welsh contractor moves to employee ownership

Carreg Construction has become the first construction contractor in Wales to transition to employee ownership via an employee ownership trust.

www.theconstructionindex.co.uk

 

[pettsy]

J Tomlinson, Nottingham based contractor in Administration. Looks like they were still ordering from subcontractors knowing they were going under

https://www.nottinghampost.com/news/business/majority-400-plus-staff-being-8589434.amp

Angry sub-contractors turn on collapsed J Tomlinson | TheBusinessDesk.com

Subbies claim they weren't told of events unfolding at the Beeston firm - which entered administration on Monday afternoon

www.thebusinessdesk.com

 

[kabin man]

J Tomlinson, Nottingham based contractor in Administration. Looks like they were still ordering from subcontractors knowing they were going under

https://www.nottinghampost.com/news/business/majority-400-plus-staff-being-8589434.amp

Angry sub-contractors turn on collapsed J Tomlinson | TheBusinessDesk.com

Subbies claim they weren't told of events unfolding at the Beeston firm - which entered administration on Monday afternoon

www.thebusinessdesk.com

All done within the rules no doubt..Just like MP's. We steal,we go to prison.Simple as that.Makes my blood boil as it's happened to me in the past when i was subbing.
Was told about a site recently friend was at, where security guards were placed by the administrators in the morning,stopping the trades getting in to reclaim their tools.It got pretty nasty quickly...

 

[V8Druid]

All done within the rules no doubt..Just like MP's. We steal,we go to prison.Simple as that.Makes my blood boil as it's happened to me in the past when i was subbing.
Was told about a site recently friend was at, where security guards were placed by the administrators in the morning,stopping the trades getting in to reclaim their tools.It got pretty nasty quickly...

and rightly so

 

[Lancs Lad]

All done within the rules no doubt..Just like MP's. We steal,we go to prison.Simple as that.Makes my blood boil as it's happened to me in the past when i was subbing.
Was told about a site recently friend was at, where security guards were placed by the administrators in the morning,stopping the trades getting in to reclaim their tools.It got pretty nasty quickly...

It's almost a game to some ...shrug of the shoulders and oh "yes that didn't work out I lost a few grand but I'm now just working on my own again" no thought for the folks that get screwed over and their massive debts to tax man etc which means everyone else picks up the tab. Does my nut in.

 

[V8Druid]

 

[craig]

View attachment 49669

Sounds like someone knows him

 

[Bob]

Yes but would anyone own up to knowing his son

 

[craig]

Why they sent him up this end, I don't know, perhaps they where embarrassed about him down south

 

[V8Druid]

Why they sent him up this end, I don't know, perhaps they where embarrassed about him down south

and why allow him to change his name .... should be tattooed across his bloody forehead -- rapist/sex offender .... all of 'em in fact

 

[sfrs4]

Was told about a site recently friend was at, where security guards were placed by the administrators in the morning, stopping the trades getting in to reclaim their tools.It got pretty nasty quickly...

Happened to me in previous job ( Passenger lift fitter) got to site in the morning, told by new security guards that the site was shut and secured as the primary contractor had folded, no one or anything on or off site until it was resolved. All my tools and the lift companies specialist tooling still on site. unfortunately for the security staff, they didn't know the building was interconnected at roof level with surrounding buildings ( because my plant room was on the roof I did because I'd used another buildings access crane to get equipment to the roof ) so while some lads kept the security "talking" at the gates, we nipped groups of lads through our access and down into the building floor by floor with our lift, it was like being in a heist film, no one lost tools or equipment that morning, still lost materials already paid out for, but could at least move straight to another site and get working again.

 

[kabin man]

Happened to me in previous job ( Passenger lift fitter) got to site in the morning, told by new security guards that the site was shut and secured as the primary contractor had folded, no one or anything on or off site until it was resolved. All my tools and the lift companies specialist tooling still on site. unfortunately for the security staff, they didn't know the building was interconnected at roof level with surrounding buildings ( because my plant room was on the roof I did because I'd used another buildings access crane to get equipment to the roof ) so while some lads kept the security "talking" at the gates, we nipped groups of lads through our access and down into the building floor by floor with our lift, it was like being in a heist film, no one lost tools or equipment that morning, still lost materials already paid out for, but could at least move straight to another site and get working again.

superb. I was lift engineer many moons ago.. H+C lifts and others.
fun times

 

[sfrs4]

I worked for a company call Lifts uk, mainly fitted Stannah passenger lifts, subbed to Otis and Thyseen for a few of years, then branched into complete bespoke lifts, 10 years fitting them, miss the job, don't miss the traveling and working away.

 

[Lancs Lad]

Interesting points

Skanska UK construction profit surges to £55m | Shane Rooney | 41 comments

I always find it interesting when contractors profit margins and results are discussed - the language in these Skanska results illustrate a core what is wrong with Construction With turnover quoted of £1.40bn and a profit of £55m where else would language like “soaring” be used The reality...

www.linkedin.com

 

[V8Druid]

Interesting points

Skanska UK construction profit surges to £55m | Shane Rooney | 41 comments

I always find it interesting when contractors profit margins and results are discussed - the language in these Skanska results illustrate a core what is wrong with Construction With turnover quoted of £1.40bn and a profit of £55m where else would language like “soaring” be used The reality...

www.linkedin.com

4% pre tax ....... WTF bother ...... for the risk

 

[6feetdown]

4% pre tax ....... WTF bother ...... for the risk

Like in the comments said investment people driving the turnover

 

[kabin man]

Buckingham group.
from the scene at Liverpool fc. feel so sorrry for these guys, its happening all too much.

 

[V8Druid]

Henry assets were left "in chaos"

The company engaged to sell the assets of Henry Construction has revealed the challenges that confronted it.

www.theconstructionindex.co.uk