Bye bye Benchmark

Shocking to see a large co. like them go into administration. A bad for for the industry if there are mass redundancies and job losses.
 
benchmark been down sizeing for months it was on the cards
 
I bought a load of their kit before xmas from a reputable supplier , seems they where selling
kit to pay running costs , big shame really as they a good enough firm to work for by all accounts
 
Be a few good scaffs out of work for the time beeing but will find work. How will it work out with contracts won as i was speaking to some 1 b4 xmas and they said they have loadz on after xmas
 
shame they were good as gold on the olympics,they done some really good work and had smashing guys on their books looks like the olympics was just too much for them and a certain manager robbing them blind.
 
celticbhoy said:
shame they were good as gold on the olympics,they done some really good work and had smashing guys on their books looks like the olympics was just too much for them and a certain manager robbing them blind.
Click to expand...

yeha they were great to work for on the olympics few good lad on there as well this said person by and chance m b
 
Heard from my man in the office that another firm is buying them so may not be layoffs after all.

---------- Post added at 10:36 PM ---------- Previous post was at 10:12 PM ----------

More info

Kind Regards

Sent from an iphone 5 !!!!

Begin forwarded message:

> From: helpdesk@top-service.co.uk
> Date: 11 January 2013 04:54:52 PM GMT
> To:
> Subject: Payment History Updated - BENCHMARK SCAFFOLDING LIMITED
>
> We have been able to confirm that Benchmark Scaffolding Limited entered into Administration on the 10/01/2013, The Administrators dealing are Resolve Partners LLP and can be contacted on 0207 7029775.
>
> We have today received a statement from Benchmark Scaffolding Limited:
>
> \"Rob West, Managing Director of Benchmark Scaffolding Ltd, confirmed that the Company had been placed into receivership on 10th January 2013. The trade and assets of the business have been sold, through a management buy out, to a syndicate of new investors who have pledged to take on all employees, projects and suppliers liabilities of the former market leader as they recapitalise the business with new cash injection. Rob west has been invited to remain as Managing Director of the business going forward and has joined the board\".
>
> Kind Regards
>
> Helpdesk
> Identifier Company Name BENCHMARK SCAFFOLDING LIMITED
> Company Reg No
> Registered Office WATERSIDE TRADING CENTRE, TRUMPERS WAY, LONDON, W7 2QD.
> Trading Address Waterside Trading Centre, Trumpers Way, London, W7 2QD.
> Status Large
> Statement from BENCHMARK SCAFFOLDING LIMITEDBENCHMARK SCAFFOLDING LIMITED have provided the following statement regarding their credit report:
>
> Rob West confirmed that Benchmark Scaffolding has sworn a notice of intent. The Company is in advanced negotiations, and due diligence, with new investors who intend to take over the trade and assets of the business before Christmas. This action was considered necessary to protect the Company during the final stages of the deal. If, as we believe, the take over is successful the supply chain will be protected by the new majority shareholders.
> Trading ExperiencesPayment histories and trading experiences are sourced from our 2,500 subscribers and the following payment histories have been submitted. If you require more detailed information about these payment histories please telephone our helpdesk on 01527 518 800 any week day between 9am and 5.30pm.
> Date: 10/01/2013
> Subscriber Business Type: LEGAL INFORMATION
> Trading Experience: ADMINISTRATION
> Date: 27/12/2012
> Subscriber Business Type: LEGAL INFORMATION
> Trading Experience: NOTICE OF INTENTION TO APPOINT AN ADMINISTRATOR FILED
> Date: 14/12/2012
> Subscriber Business Type: TOOL & EQPT HIRE & SALES
> Trading Experience: OVERDUE ACCOUNT
> Date: 11/12/2012
> Subscriber Business Type: LEGAL INFORMATION
> Trading Experience: NOTICE OF INTENTION TO APPOINT AN ADMINISTRATOR FILED
> GeneralDate of Incorporation 17/04/2009
> SIC Code 45250: Other construction work involving special trades
> Latest Annual Return 21/11/2012
> Next Annual Return Due 19/12/2013
> Latest Accounts Date 31/07/2011
> Next Accounts Due 01/05/2013
> Size LARGE UNQUOTED COMPANY
> Previous Name MAILLY LIMITED
> Previous Reg Office
> Telephone Number
> Website
> Risk Analysis
> County Court Judgments There are no county court judgments registered against this company.
> Today's Suggested Credit Limit £ 55,000 - This is an opinion only
> Today's Credit Risk Score 22 - Higher than average credit risk.
>
> This credit score is based on a number of different factors and generally the higher the credit score the lower the credit risk.
>
> Credit Risk Score Bands
> 0 - 15 High credit risk
> 16 - 35 Higher than average credit risk
> 36 - 75 Average credit risk
> 76 - 100 Lower than average credit risk
> Key Financials
> Accounts Date 31/07/2011
> Turnover £ 1,167,000
> Pre Tax Profit / Loss £ 186,000
> Total Assets £ 7,468,000
> Total Liabilities £ 7,331,000
> Net Worth £ 5,816,000
> Current Assets £ 4,130,000
> Current Liabilities £ 4,112,000
> Working Capital £ 18,000
> If some figures are blank it means that the company was not required by law to disclose this information. The smaller the company the less financial information they are required to file. For example if the turnover figure is blank it means that the company is likely to have turned over less than £25.9 million in that financial year. If both the turnover and profit / loss figures are blank it means that the company is likely to have turned over less than £6.5 million in that financial year. For more information about filing requirements please refer to our glossary which is available on our website or from our helpdesk (01527 518800).
> Current Directors
> Secretary
> Title MR D.O.B No Date
> First Name PETER MARTIN
> Surname WARD
> Address Line 1 2 AC COURT
> Address Line 2 HIGH STREET
> Town THAMES DITTON
> County SURREY
> Postcode KT7 0SR
> Secretary
> Title MR D.O.B No Date
> First Name JAMIE CHRISTOPHER
> Surname CONSTABLE
> Address Line 1 2 AC COURT
> Address Line 2 HIGH STREET
> Town THAMES DITTON
> County SURREY
> Postcode KT7 0SR
> Director
> Title D.O.B 26/12/1947
> First Name KEITH MALCOLM
> Surname SLIGHT
> Address Line 1 WATERSIDE TRADING CENTRE TRUMPERS WAY
> Address Line 2 HANWELL
> Town LONDON
> County
> Postcode W7 2QD
> Director
> Title MR D.O.B 22/10/1959
> First Name ROBERT JOHN
> Surname WEST
> Address Line 1 WATERSIDE TRADING CENTRE TRUMPERS WAY
> Address Line 2 HANWELL
> Town LONDON
> County
> Postcode W7 2QD
> Director
> Title D.O.B No Date
> First Name
> Surname THREEV DIRECTORS LLP
> Address Line 1 2 AC COURT
> Address Line 2 HIGH STREET
> Town THAMES DITTON
> County SURREY
> Postcode KT7 0SR
> Group DataThere is no group data available for this company.
> News Articles
> Key FilingsThe company has filed the following key documents over the past five years. A full list of documents filed can be obtained by contacting the helpdesk.
> 23/11/2012 Particulars of a mortgage or charge
> 03/10/2012 Notification of any change among the companyÆs directors.
> 02/10/2012 Notification of any change among the companyÆs directors.
> 30/11/2011 Any amendment to companyÆs articles (including every resolution or agreement required to be embodied in or annexed to copies of the companyÆs articles issued by the company).
> 06/08/2011 Notice delivered under section 636 (notice of new name of class of shares) or 637 (notice of variation of rights attached to shares).
> 26/07/2011 Notification of any change among the companyÆs directors.
> 23/07/2011 Particulars of a mortgage or charge
> Shareholders
> First Name
> Surname Rcapital Nominees Ltd
> Address .
> Postcode
> First Name Bernard Joseph
> Surname McDermott
> Address .
> Postcode
> There are 3 shareholders listed for this company. Currently displaying the first 2.
> This report has been compiled using information from Top Service Ltd and ICC Ltd, and is available to Top Service subscribers only. The suggested credit limit has been calculated by ICC Ltd and is an opinion only.
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That's a shame. In our scaffolders world that we all on this forum live in, everyone's very quick to say how **** this firm is and how terrible that firm is (though it dosent happen so much online, it ALWAYS happens at work, we're all guilty of it), I've never really heard a lot of bad stuff said about benchmark! They seem to always put a nice tidy job up lets hope they come back
 
I am glad to hear that Rob West is continuing with the new company. Benchmark have been a company that tried to look after their scaffolders, better than most. They hit trouble in 2009, up until that time their web page was a good source of general information to the scaffolding fraternity. A quality company - lets all hope they return to their creditable position in the marketplace.
 
I heard it was the Olympics that killed them - big contract with bad debts. But could be wrong. So what about the other divisions - hoist etc - are they spearate or bundled up in this?

I know some other companies who think big jobs are best - perhaps they are, but only if you can do some simple analysis and understand stock utilisation - as bad Contractors try to scaffold their way out of problems - bad scaffold firms try to buy new stock out of problems when they realise it is all tied up in big jobs. Still, market could probably do with another couple of big players dropping out.
 
philliosmaximus said:
I bought a load of their kit before xmas from a reputable supplier , seems they where selling
kit to pay running costs , big shame really as they a good enough firm to work for by all accounts
Click to expand...

They was, once apon a time.
Maybe it was a case of 'too big, too quick'?
 
Havespannerwilltravel said:
You can be too quick but never too big!!!
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Thats what she said!! :laugh:

gunslinger757 said:
Course you can, seen it loads of times. firms become so big and bloated they cannot function properly and waste money on a grandiose scale!
Click to expand...

Havespannerwilltravel said:
we are on a different wavelength mate!!
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Lol.

Ive seen Firms become too bloated... bigger Firms require a larger yard, more insurance, more equipment, more staff and increasingly larger wages.

Ok if you decent and reliable creditors who pay on time.
A few late payments and its bye bye time.

Look at TRAD, at one time they was huge. I dunno? 600 people working for them, spread out over 5 companies? (TRAD, Trad Systems/TRADS, Trad Access, Trad Hire and Sale and Edgeguard)
Monster of a Firm... but they eventually downsized - the right move i think.

Vange went under due to being too big and a few late payments, or so ive been told.
 
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