South west Arb company changing hands soon !

[Mick Dempsey]

Oh, that’s a shame.

[Stere]

 

 

[doobin]

£117k profit on nearly £12m turnover??

 

There really is no money in this game!

[benedmonds]

25 minutes ago, doobin said:

£117k profit on nearly £12m turnover??

 

There really is no money in this game!

Better than 500k loss on £15m turnover..

Edited November 9, 2021 by benedmonds

[Stubby]

1 minute ago, benedmonds said:

Better than 500k loss on £15m over..

There is something to be said about staying small .

[dumper]

Sale by insolvency, want to hope they don’t owe you money

[devon TWiG]

It is a great shame if the worst happens , but I suspect the staff will end up still doing line clearance in a different T shirt  ( another company )  or else Electricity company will be without tree cutting gangs and it would take ages to build that back from scratch with a new company / or expanding other ones !!  so many tickets required !!

 

[Puffingbilly413]

On 09/11/2021 at 10:34, Stere said:

 

 

It would be interesting to see what the director(s) took out of the company…

[dumper]

1 hour ago, Puffingbilly413 said:

It would be interesting to see what the director(s) took out of the company…

£145,000 if I read the books right last year

[Puffingbilly413]

3 hours ago, dumper said:

£145,000 if I read the books right last year

Just had a look myself. I think that 145k is actually money advanced to the director by the company and yet to be repaid. There will be a salary (probably) on top of that and it looks like dividends too. They also paid out over 100k in managerial fees, but what that amounts to in fact who knows.

 

They had 270 employees and if you divide their wage bill by that then that’s 25k a head. Assuming management and director get a good bit more than that then there are some v low paid staff in there.

 

A real shame.