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

[TiltyShaun]

Readie folds

Essex-based Readie Construction is in administration and has ceased trading.

www.theconstructionindex.co.uk

" It is less than three years since Readie became the UK’s largest employee-owned construction contractor ... selling to an employee ownership trust in March 2021, Readie founder/chairman Stuart Read and managing director Paul Stephens agreed to take payments for their shares from future profits of the business. "

bet he's had his bucks

Big expansion and a collapse in profits. Never a good combination!!

 

[V8Druid]

how the hell does a company making these sorts of losses over a four year period continue to trade FFS ..... and they ain't too big to fold

More losses for Higgins

Accounts posted by Higgins Group show a fourth loss-making year out of the past five.

www.theconstructionindex.co.uk

 

[V8Druid]

20% in the next 2 years gra,and then a revalue

7.8% in April thought last years hike was bad ...... but pretty light compared to some

The full list of council tax rises in every part of Wales

Every area is set to see a rise with some potentially facing an increase of over 20%

www.walesonline.co.uk

 

[V8Druid]

7.8% in April thought last years hike was bad ...... but pretty light compared to some

The full list of council tax rises in every part of Wales

Every area is set to see a rise with some potentially facing an increase of over 20%

www.walesonline.co.uk

" would mean an extra £5.4mi towards a £21.9m budget shortfall the council is facing "

would've helped not spending £20m on an industrial estate, out of county that, is virtually devoid of any takers, has never had any proper occupancy and is unlikely to either .... they should stop dabbling in stuff they know sweet FA about and stick to spending our money on the services they're supposed to be managing/providing ... not pissing about at being property magnates ........ wan**rs - without accountability

 

[6feetdown]

" would mean an extra £5.4mi towards a £21.9m budget shortfall the council is facing "

would've helped not spending £20m on an industrial estate, out of county that, is virtually devoid of any takers, has never had any proper occupancy and is unlikely to either .... they should stop dabbling in stuff they know sweet FA about and stick to spending our money on the services they're supposed to be managing/providing ... not pissing about at being property magnates ........ wan**rs - without accountability

Exactly

 

[bobthebuilder]

" would mean an extra £5.4mi towards a £21.9m budget shortfall the council is facing "

would've helped not spending £20m on an industrial estate, out of county that, is virtually devoid of any takers, has never had any proper occupancy and is unlikely to either .... they should stop dabbling in stuff they know sweet FA about and stick to spending our money on the services they're supposed to be managing/providing ... not pissing about at being property magnates ........ wan**rs - without accountability

3.6million to uganda to plant trees ,4.5 million for a farm with no plan ,30 more am s 100 miliion,not hard to find where the waste is

 

[6feetdown]

3.6million to uganda to plant trees ,4.5 million for a farm with no plan ,30 more am s 100 miliion,not hard to find where the waste is

35 for 20mph

 

[V8Druid]

agreed, but I was just talking Monmouthshire's 'squanderings' without Dickford's efforts

 

[Lancs Lad]

agreed, but I was just talking Monmouthshire's 'squanderings' without Dickford's efforts

Welsh COVID enquiry coming up....
Utter pisstake again btl

 

[6feetdown]

Welsh COVID enquiry coming up....
Utter pisstake again btl

Yep complete bs another quango

 

[V8Druid]

again .... how can a company sustain such losses year on year ..... other arms must be making inordinate profits to keep the losers afloat

Travis Perkins pulls Toolstation out of France

The downturn in new build housing and domestic maintenance work last year led to profits diving by more than 70% for builders’ merchant Travis Perkins.

www.theconstructionindex.co.uk

" Toolstation France grew sales by 29% in 2023 but losses increased to £18m as six new stores were added alongside. It is expected to lose a further £20m this year. “Management has concluded that the investment required to reach profitability is no longer sustainable and today confirms that it is working on a plan for a potential exit of the business,” the board said. ........ Toolstation Benelux also grew turnover, by 11%, but losses climbed from £15m to £19m. Management expects losses to narrow to around £12m in 2024 in Benelux and now anticipates that the Netherlands business will reach break-even by 2025 with Belgium forecast to break-even by 2028 "

why continue to bother with this level of losses ??????

 

[doobin]

again .... how can a company sustain such losses year on year ..... other arms must be making inordinate profits to keep the losers afloat

Travis Perkins pulls Toolstation out of France

The downturn in new build housing and domestic maintenance work last year led to profits diving by more than 70% for builders’ merchant Travis Perkins.

www.theconstructionindex.co.uk

" Toolstation France grew sales by 29% in 2023 but losses increased to £18m as six new stores were added alongside. It is expected to lose a further £20m this year. “Management has concluded that the investment required to reach profitability is no longer sustainable and today confirms that it is working on a plan for a potential exit of the business,” the board said. ........ Toolstation Benelux also grew turnover, by 11%, but losses climbed from £15m to £19m. Management expects losses to narrow to around £12m in 2024 in Benelux and now anticipates that the Netherlands business will reach break-even by 2025 with Belgium forecast to break-even by 2028 "

why continue to bother with this level of losses ??????

Or they are running on cheap credit...which is drying up.

 

[V8Druid]

Or they are running on cheap credit...which is drying up.

but still making unsustainable losses Doob .. losses means debt somewhere - unless they have a money tree, or are printing it themselves

 

[TiltyShaun]

again .... how can a company sustain such losses year on year ..... other arms must be making inordinate profits to keep the losers afloat

Travis Perkins pulls Toolstation out of France

The downturn in new build housing and domestic maintenance work last year led to profits diving by more than 70% for builders’ merchant Travis Perkins.

www.theconstructionindex.co.uk

" Toolstation France grew sales by 29% in 2023 but losses increased to £18m as six new stores were added alongside. It is expected to lose a further £20m this year. “Management has concluded that the investment required to reach profitability is no longer sustainable and today confirms that it is working on a plan for a potential exit of the business,” the board said. ........ Toolstation Benelux also grew turnover, by 11%, but losses climbed from £15m to £19m. Management expects losses to narrow to around £12m in 2024 in Benelux and now anticipates that the Netherlands business will reach break-even by 2025 with Belgium forecast to break-even by 2028 "

why continue to bother with this level of losses ??????

Toolstation losses come out of the profits of Travis Perkins.

 

[V8Druid]

Toolstation losses come out of the profits of Travis Perkins.

's what I said

 

[Stroppymonkey]

's what I said

Travis closed (very suddenly) the 2 local branches the Xmas week in 2022. Staff were told on the Monday, Shut on Friday. What a s**t Xmas Present. Surely could have waited till January for that news.

 

[V8Druid]

Travis closed (very suddenly) the 2 local branches the Xmas week in 2022. Staff were told on the Monday, Shut on Friday. What a s**t Xmas Present. Surely could have waited till January for that news.

dunno how the one in Aber survives ... never anyone in there and hardly ever see their trucks about .. very poor stock levels too

 

[Left hooker]

Knew this would happen can't get that big that fast

Cornish construction firm facing going bust

The company, which owns 400 construction machines, has filed a notice of intention to appoint an administrator and is part of the larger Duchy Group which is based near St Austell

www.cornwalllive.com

 

[V8Druid]

Knew this would happen can't get that big that fast

Cornish construction firm facing going bust

The company, which owns 400 construction machines, has filed a notice of intention to appoint an administrator and is part of the larger Duchy Group which is based near St Austell

www.cornwalllive.com

" We have approached Duchy Group and its subsidiary Duchy Plant Hire for a comment. Duchy Group's sales and business director Tony Whitmore told CornwallLive: "Please f**k off." "

 

[Left hooker]

" We have approached Duchy Group and its subsidiary Duchy Plant Hire for a comment. Duchy Group's sales and business director Tony Whitmore told CornwallLive: "Please f**k off." "

Wondered if anyone would spot that