Hello and welcome to our community! Is this your first visit?
Register
Page 3 of 3 FirstFirst 123
Results 21 to 26 of 26
  1. #21
    TDF Member
    Join Date
    Apr 2014
    Location
    Poole
    Posts
    214
    Likes (Given)
    386
    Likes (Received)
    119
    Quote Originally Posted by jamesp View Post
    Here`s a giggle, The MOD just nationalised Sheffield Forgemasters.

    https://www.bbc.co.uk/news/uk-englan...shire-57997858
    Saw that at lunchtime but resisted the urge to post......

  2. #22
    Established TDF Member Steve Clark's Avatar
    Join Date
    Dec 2012
    Location
    Lancaster, UK
    Posts
    2,770
    Likes (Given)
    269
    Likes (Received)
    1792
    Quote Originally Posted by jamesp View Post
    True, but a 10million turnover, whilst not to be sneezed at; would only put it on a par with one of the four major supermarket stores in my town.
    There again, I can only think of two local businesses, ignoring JCB, that might be 10million turnover, and UK owned, although one has just had a private investment firm buy in.
    There are quite a lot in the construction industry, all the way down the scale

    Sir Robert McAlpine, Est 1869 - privately owned - 1000m turnover

    N G Bailey, Est 1921 - privately owned - 500m turnover

    Hundreds of SME's employing 50-100 people

    10's of thousands of small firms with 5-10 people.

    I now own & run my Dad's firm, est 1973

  3. #23
    Established TDF Member Energy58's Avatar
    Join Date
    Jun 2014
    Location
    London at the moment
    Posts
    1,901
    Likes (Given)
    293
    Likes (Received)
    515
    Quote Originally Posted by jamesp View Post
    Here`s a giggle, The MOD just nationalised Sheffield Forgemasters.

    https://www.bbc.co.uk/news/uk-englan...shire-57997858
    Large forgings are a critical item for all kinds of kit MOD might have an interest in keeping in the UK - from jet engines to guns - a few years ago the entire world capacity was booked up for years ahead and people were trading slots in the queue so it makes sense to keep the option open and modernise the plant.

  4. #24
    Established TDF Member jamesp's Avatar
    Join Date
    Dec 2012
    Location
    Wrexham
    Posts
    5,315
    Likes (Given)
    2749
    Likes (Received)
    1990
    Quote Originally Posted by Energy58 View Post
    Large forgings are a critical item for all kinds of kit MOD might have an interest in keeping in the UK - from jet engines to guns - a few years ago the entire world capacity was booked up for years ahead and people were trading slots in the queue so it makes sense to keep the option open and modernise the plant.
    IIRC Forgemasters were one of about five in the world that could handle what they did.

    I find it ironic that the government policy of "f**k business" gets thrown under the buss, when it is likely to affect the future availability of their nuclear knob extensions.

  5. #25
    Happy atheist, despite the "evidence"...
    Join Date
    Dec 2012
    Location
    None of your business, vbulletin.
    Posts
    1,492
    Likes (Given)
    3498
    Likes (Received)
    1132
    We own fewer and fewer companies.

    The current edition of Private Eye discusses this on p41 on the current issue. Private equity companies have bought around 150 companies since the pandemic started.

    These companies are parasitic shit-fucks that borrow against the companies they buy, some in order to pay huge dividends to shareholders, while happily laying off staff and closing branches of chains.
    Happy to be a feminist SJ(K)W snowflake in a godless universe, no matter what some experts think. And Braun was a twat who's not missed. At all.

  6. #26
    Established TDF Member Chrisch's Avatar
    Join Date
    Jan 2013
    Location
    Poole
    Posts
    9,078
    Likes (Given)
    917
    Likes (Received)
    3979
    Quote Originally Posted by MarkP View Post
    ...Private equity companies have bought around 150 companies since the pandemic started.

    These companies are parasitic shit-fucks that borrow against the companies they buy, some in order to pay huge dividends to shareholders, while happily laying off staff and closing branches of chains.
    Some are some not. The basic model is to leverage the company and sell it on. Whilst this can involve shutting down some parts it often is more the case that the PE company just uses the assets to borrow money which it then extracts. The business is sold on with the new owners then buying essentially the goodwill as the assets are leveraged.

    One of my main suppliers is Alko-Kober. They were bought by a PE company who then bought up several competitors and aggregated them into a single entity. The original price paid was 1Bn and the recent agreed on-sale (to another PE) is 3Bn. To be fair the level of customer service has fallen but not by much (not that good to start with) the main loss is the subsidiaries who are now at the same mediocre level of the parent rather than the previous service level.
    We give 350m a week to the EU. Let's give it to Dido Harding instead.


 
Page 3 of 3 FirstFirst 123

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •