there was 2 of there units picking containers up again at teesport today, can never understand how its advertised as someones gone into administration but then you still see the trucks working
chaversdad:
well this morning i followed one of A R Lunns off the dock at teesport with an ECS box on so they must still be doing something
and then this afternoon i followed the latest reincarnation of Bulmers leaving the dock, also with an ECS box on, looks like they must have went on the road at the beginning of March
what type of trucks is bulmers running now
red 08 plate premiums, theres been 5 or 6 in there container yard for the last few weeks but thats down to 1 now so the rest must be on the road
Greyhound:
Just read this tonight in the Hull Daily Mail. A pity really,i was going to maybe give em a ring as regards employment…oh well.
Did you also read all the moronic comments from the codheads?
44 Tonne Ton:
If the work doesn’t pay, don’t do it. It’s not rocket science.
Quite right - it isn’t rocket science. Unfortunately most company’s need a certain level of work to be able to cover their overheads. If you can’t find that work you have to start reducing overheads. Vehicle and drivers go, move to smaller premises etc etc. it’s common sense.
Foolishly some companies take on work they know isn’t profitable but it does bring them some turnover and cash flow that they think helps (some work is better than no work) - eventually it comes to a stop when the bank won’t lend any more and they finally can’t meet their overheads and bills.
In some cases the Directors see this coming and get out before they lose everything. In others it hits them in the face one day when the banks say enough is enough you aren’t trading anymore.
I have worked for a company that didn’t see it coming. They were taking on crap work - every weekly meeting I was raising my point to the Directors but they just didn’t grasp the true cost of running those trucks. All they’d look at was how much they got for a particular job - turnover and not profit. They just weren’t seeing the costs creeping up and only seemed interested in turn over.
Needless to say a few months ago it hit them. the bank got nervous, credit limits for fuel purchase were dropped by the fuel suppliers and suddenly everything became very difficult. it has taken some very hard decisions and actions to keep the company going but it is still going. if those decisions hadn’t been made in time … that would have been another 75 drivers out of work.
Times are not easy right now.
chaversdad:
there was 2 of there units picking containers up again at teesport today, can never understand how its advertised as someones gone into administration but then you still see the trucks working
In most cases the administrators ‘take over’ the running of the business until they figure out what the options are. This helps make the business saleable as well. They will often keep it running in the short term.
Anyone owed money will still be asked to continue working but with the administrators. In some cases rates might be adjusted etc. All sorts of deals can go on.
I have been in the position where a customer has gone into administration owing me thousands. I then get a call from Mr. Administrator saying “Will you still deliver my stuff”. I’m told I’ll probably never see the money I am owed unless the company can do this and that and to do that we need your help etc etc - but the administrators can guarantee payment whilst dealing with them and will often up the rates - so like it or not I keep doing the work. i think this is called blackmail - it hurts but business is business.
tiger65:
Turns out the bank (Yorkshire Bank), called in the overdraft which by all accounts was substantial.
Sad times for all the staff involved.
Yorkshire Bank. Having dealt with muppets from there before I can confirm the ones I dealt with know seet FA about haulage. the administrators they use know even less.
Yorkshire Bank do seem very pro-active at the moment. 12 months ago they would lend - lend & lend again. Seems they’re sorry now and want their money back.
Mind you - think I’d be right to say Yorkshire Bank aren’t one of the ones that went bust and seem to be trading well. But that’ll be becasue of all the haulage customers they put out of business.
shep532:
tiger65:
Turns out the bank (Yorkshire Bank), called in the overdraft which by all accounts was substantial.
Sad times for all the staff involved.Yorkshire Bank. Having dealt with muppets from there before I can confirm the ones I dealt with know seet FA about haulage. the administrators they use know even less.
Yorkshire Bank do seem very pro-active at the moment. 12 months ago they would lend - lend & lend again. Seems they’re sorry now and want their money back.
Mind you - think I’d be right to say Yorkshire Bank aren’t one of the ones that went bust and seem to be trading well. But that’ll be becasue of all the haulage customers they put out of business.
Shep532 , Was it not wreckless lending that helped put the RBS BofS etc etc in the mess that we/they are in today .? General haulage is a very very fickle industry , only the major players ie DHL K+N Wincanton etc who set-up 1/2 year contracts on fixed rates will survive the dregs then are left for everyone else .
shugg:
shep532:
tiger65:
Turns out the bank (Yorkshire Bank), called in the overdraft which by all accounts was substantial.
Sad times for all the staff involved.Yorkshire Bank. Having dealt with muppets from there before I can confirm the ones I dealt with know seet FA about haulage. the administrators they use know even less.
Yorkshire Bank do seem very pro-active at the moment. 12 months ago they would lend - lend & lend again. Seems they’re sorry now and want their money back.
Mind you - think I’d be right to say Yorkshire Bank aren’t one of the ones that went bust and seem to be trading well. But that’ll be becasue of all the haulage customers they put out of business.
Shep532 , Was it not wreckless lending that helped put the RBS BofS etc etc in the mess that we/they are in today .? General haulage is a very very fickle industry , only the major players ie DHL K+N Wincanton etc who set-up 1/2 year contracts on fixed rates will survive the dregs then are left for everyone else .
I don’t want to get into a politics thing - I don’t go there 
Haulage is as fickle as it gets. Every haulier has shot himself and the others in the foot by undercutting and then undercutting further.
The industry needs to stand together but never will. Would I be right to say Taxis have an enforced minimum rate in each district? That’s what the industry needs, some decent legislation to stop all this undercutting. Only last week I came across a half decent sized outfit that runs the drivers out for 15 hour days - then pays them a bonus to use the digi card of one of the mechanics to carry on running or get back to the yard. (Yes they were asking me to do DCPC courses as ‘distance learning’ 
This is why they can undercut a legitimate business. Too many cowboys 
The Yorkshire Bank (and Clydesdale Bank) are owned by the National Australia Bank who are going through a “review” of their services. Which in reality means ‘make sure our money’s safe’.
guardian.co.uk/business/2012 … der-review
Stan
Turnover = vanity
Profit = sanity
shep532:
tiger65:
Turns out the bank (Yorkshire Bank), called in the overdraft which by all accounts was substantial.
Sad times for all the staff involved.Yorkshire Bank. Having dealt with muppets from there before I can confirm the ones I dealt with know seet FA about haulage. the administrators they use know even less.
If a business that has been going 25 years still needs an overdraft other than for occasional very short term use then they’re clearly not making a profit anyway so it probably makes sense for the banks to put them out of their misery. I know that is bad news for the staff but the sad reality is that there is more supply then demand in the haulage industry at the moment and so it is no surprise this kind of thing is happening.
Paul
Silver_Surfer:
Should never try to run a business on the banks dime, an overdraft can be dipped in to briefly & I do mean briefly now and again as a stop gap for money coming in, the banks can withdraw the facility at any time. Many haulage firms seem not to realise this.
That is very good post and should be absorbed by all.
chaversdad:
well this morning i followed one of A R Lunns off the dock at teesport with an ECS box on so they must still be doing something
and then this afternoon i followed the latest reincarnation of Bulmers leaving the dock, also with an ECS box on, looks like they must have went on the road at the beginning of March
Hullo,
That reincarnation of Bulmers must be I should think be Ward Bros. They took over a lot of the Bulmers work, wagons and drivers (70) I was told. They have got a new Manager, Kevin Natress. From what I understand he is a Wizard and has probably taken all of the Container Traffic for Ward Bros now.
Cheers, Archie.
Bulmer did start again as Cleveland Transport. Running a red Premium on ECS work. He`s stopped again now.
Just you wait untill next month!
here comes trouble:
Bulmer did start again as Cleveland Transport. Running a red Premium on ECS work. He`s stopped again now.
Just you wait untill next month!
Hullo,
Was that one of the Premiums that he had on bulk IBC containers ? I don’t think Johnathan will start up again. I went along to his house to buy a piece of land that I heard was for sale. His Wife said, sorry we’ve sold it all now. They were in the large Farmhouse, Richard the Father had gone into a smaller house, the land has been sold, no I don’t think he will be starting again. Unless Ward Bros help him out.
Cheers, Archie.