Alltask

slav80

slav80

Well-known member
Joined
Jun 15, 2010
Messages
225
Reaction score
0
Anyone knows or heard that Alltask just bought out some other firm?
 
i can remember when deversons were just starting with labour only at pizers sandwhich kent for sgb i wonder how much alltask payed for them?
 
Administrators walked in on the 7th of feb

---------- Post added at 02:13 PM ---------- Previous post was at 02:12 PM ----------

Does anyone got any contact for alltask. Apart from office number ofcourse.
 
All task are recruiting, go on their website, it tells you what to do, or if you ring the office ask for CHRIS, he is the fella you need to speak to
 
Im on a job on oxford st atm and deversons startrd a massive job at debenhams 2 weeks ago and they havr gone bust. Shame for them they won an awesome job then go bust few days later. Kent scaffs :)
 
Alltask is a very well run firm. I heard they never broke the bank to buy it.
 
Heard deversons had 4mil of work but had not been paid on time and went under for a mill how true this is....we will hav to ask nigel!!!
 
Heard the same thing regards, 4m.

It was the 350 he owed on hire that fecked him though, he couldn't pay the bill and that was the trigger for going pop.

To be fair I always thought Nige was a bit of a c£4t but he looked after those who done his bidding when things went tits, can't say fairer than that. The knock on being that Alltask were obviously in a position to buy his gear or hand pick the contracts that were actually making profit..

Always on the cards for Deversons I'm afraid, and I'm staggeed he got as far as he did, apart from 1 guy, it was poorly managed, but then as is too often the case, none of the guys doing the management knew the first thing about scaffolding.
 
Think youl find the £585k owed to HSBC invoice finance might have been a key player before the £390 k owed to generation
Administrators were appointed on 5th feb

Its grim out there to many mid size firms in hands of ***** factoring companies
 
Guessing that factoring is just re- packaged loan sharking, they pay up to 90% which means you actually:

sell a debt or non payment for a lot less than is actually owes you, whilst still being left with the ones that can't pay and that you won't receive any money from, then faced with the choice to continue financing the job until stage completion to get anything at all or worse still finance getting your own gear down and out and possibly get nothing.. and be more more out of pocket and further in the mire.


All in all pretty grim.
 
Factoring is a risky form of finance usually scaffolding only gets 60% funding but the factoring industry in general is very twitchy with construction

Factoring applications for payment is a nightmare which no doubt the bulk of deversons payments were

The factorer would have appointed administrators to "preserve" there debt especially as generation were in thros of issuing winding up proceedings due to 2 missed payments and a bridging loan falling through

Factoring is only good if you raise invoices to top credit rated companies that pay you on time

Im so glad i got out of factoring - had a few near misses :)
 
Basically pretty much secured corporate loan sharking as I assumed then, but thanks for the info mate.
 
You must log in or register to reply here.
Top Bottom