South west Arb company changing hands soon !

[grahamc]

Looks like a major player in the Arb industry in the south west of England looking for a new owner in the very near future. Most people down will know who they are 

[PeteB]

This what happens if you don't charge enough to do the work?

[Stubby]

1 hour ago, grahamc said:

Looks like a major player in the Arb industry in the south west of England looking for a new owner in the very near future. Most people down will know who they are 

Do you know who they are ?

[PeteB]

Not many down that way, that big! Shame for all those affected...

[John Shutler]

Hi line? 

[grahamc]

I don’t know, but John’s answer above looks the firm favourite. 

[benedmonds]

HI-LINE CONTRACTORS S.W. LTD. filing history - Find and update company information - GOV.UK

FIND-AND-UPDATE.COMPANY-INFORMATION.SERVICE.GOV.UK

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HI-LINE CONTRACTORS S.W. LTD. - Free company information from Companies...

In 2020 they increased turnover from £11 million to £15 million but made a loss of nearly £500k. Great example of turn over, vanity, profit sanity, cash is reality. 

[Mick Dempsey]

I’m sure there was some complicated accounting to explain that.

 

Impressive figures for a company in our line of work. Probably as a result of a lifetime of hard work, knowledge and risk taking.

 

 

[kevinjohnsonmbe]

Sale like that would likely need capital venture money. 
 

Capital venture money will likely mean ‘streamlining’, ‘efficiencies’ and ‘down sizing.’

 

Likely be some pain ahead for those involved. 

[doobin]

13 hours ago, Mick Dempsey said:

I’m sure there was some complicated accounting to explain that.

 

Impressive figures for a company in our line of work. Probably as a result of a lifetime of hard work, knowledge and risk taking.

 

 

“Formal insolvency procedure”….