Member Info for Scaffman

I know very little about the inner workings of the EDG UKEF but is the Searose not linked to Fossil Fuel,can it qualify? Does the M55 get to 20% of the Turnover in the last financial year? again I am not sure apart from the fact that they look at each Applicant on their own merit. Company does "not" have to be profitable either for them to award...

regarding working capital -Is it short term or possibly 5 year working capital and the same with short term debt. what are the time periods..

Thanks for reply

I'm lying in the gutter looking at the stars

no sorry, I cant read any of them...

Lottie RE 10:43 I just cannot see how inflation rates and in turn interest rates can come down until Red Sea issue is sorted.

We are stuck at this rate for the foreseeable... i.m.o. there seems to be a 5% differential between where we are at and possible UKEF Rate.

Kaeren You are totally correct,about visiting other yards.

However, I cannot recall or find any record of him visiting H & W but I stand to be corrected on that, and if he was to drop in then I may change my opinion.

Xenor As I said in my first post Unions aren't happy and the Duopoly aren't happy that there could potentially be a third player.Have to be able to read the room.

Just as a reminder as i'm sure it was posted at the time, but as a refresh I have put up this link again for any small pi's to draw their own conclusions ... All i.m.o.

i.m.o. This guy should be asked to step down as he is impartial.

https://www.mirror.co.uk/news/politics/tories-set-betray-british-workers-28388758

MP Kevan Jones, a former Defence Minister who chairs the All-Party Parliamentary Group on Shipbuilding, today tabled a Commons early day motion calling for UK yards to be given the deal.

Labour MP Kevan Jones chairs the All-Party Parliamentary Group on Shipbuilding ( Image: AFP/Getty Images)

It “contends that UK warships should be designed, built and maintained in UK shipyards in order to strengthen sovereign defence capability and ensure national security considerations are met”.

It “calls on the Government to support UK shipyards and UK defence supply chains by awarding the Fleet Solid Support ship contract to Team UK”.

Mr Jones told the Mirror: “MPs must consider whether it is prudent, during a cost-of-living crisis, to export thousands of well-paid, highly-skilled jobs.

“The Government talks about growth – this is one area where they could do something about it by supporting shipyards and other UK businesses.”

GMB head of policy Laurence Turner said: “Sending this order overseas would be a negligent act by a Government that's all at sea.

“Politicians of all stripes must back UK shipbuilding today or answer to their constituents.”

The Confederation of Shipbuilding and Engineering Unions’ general secretary Ian Waddell said: "This contract has the potential to fulfil National Shipbuilding Strategy’s objective to ‘recapitalise UK industry’, grow capacity and capability.

Confederation of Shipbuilding and Engineering Unions general secretary Ian Waddell ( Image: Courtesy of the CSEU)

“It is essential that any successful bid is required to demonstrate how it will meet that aim and show the social value in their bid and how it will help pump prime our regional economies.”

Prospect’s general secretary Mike Clancy said: “The Team UK bid is the only one to guarantee that a large majority of the work, including the high value design work, be done in the UK.

conversation getting boring...

its all about protection, nothing else.

https://www.linkedin.com/posts/bab****-international-group_we-were-pleased-to-host-kevan-jones-mp-at-activity-7093245002620837888-nvs8

Union bud's + Protectionism. sums it all up for me i.m.o.

Hopefully the Falklands job will go ahead, and by winning it and completing it could then put them in a stronger position for other similar type works.

https://www.navylookout.com/trouble-in-the-docks-fixing-the-infrastructure-issues-impacting-royal-navy-submarine-availability/

Good replies stokey 9.5/10

Ok, each to their own methods I guess...

If Accounts take the full 6 month period it will be 3 months and 24 days until accounts for year 23.

I should have been more exact. I would hope that there will be more clarity on Finance, Falklands Contract,IM,Scilly,Cruise Ship Contracts and published accounts for 23 that would allow me to "gauge"

if we are heading for 20 or 5 rather than needing a further 3 sets of accounts thereafter, to make this an easy call.

that's all.

Stokey re your 7 mar 16:37 in your reply to Nojy You said give it two years.

I would suggest that a critical milestone will be between 1-3 months time; and many questions should by then have answers as to where the company is at, so they may have better clarity. i.m.o.

Consuela

Seeing as you like dragging stuff up from 4 years ago

I think you will appreciate this article from around this time lol...

https://www.cornwalllive.com/news/former-chairman-isles-scilly-steamship-2403516

Lottie

Whilst I agree with your comments as per my last Link of article in Eve Std,how much faster could they realistically have gone to get up to a potential 170-200m revenue with the myriad of issues they have had to wade through.. To then get up to 350m Rev. how many more heads will be needed 500? ("No one" replied properly when I asked before what the Revenue generated per employee is for a shipbuilding company - is 1000no. for 200m Revenue about right?)

Apprenticeships need full training,be retained and then further recruitment ongoing. They are not training to work in Tesco's. If its done too fast all it becomes is headless chickens running around.

not a simple thing to achieve in a structured; financially calculated way whilst still trying to get maximum productivity.

Must be a full moon,the wolves are out tonight.

Just like Defense Energy Health,Governments consistently react rather than become proactive

LSE will also need to be crumbling before they really sit up and do anything, if by that stage its even possible.

https://www.standard.co.uk/business/london-stock-exchange-crisis-shares-ftse-100-firms-business-iwg-spirent-tui-flutter-arm-b1143873.html

Ah Si D Your opinions remind me of the story of the old bull giving advice to the young bull; when they're gazing down on a field full of heifers...

Broomtree Go get a life. it was a bit of humour which only you could try and turn into something else to try and score a point. You are not the only person on this board that has had "experiences"

You discredit practically everyone on here at every opportunity,making stupid statements about people you don't know that according to you have somehow led a sheltered life? what a Dk Hd you are.. and pray tell what is my "ilk"

You know "Nothing" about me, and to rephrase the Subject header "Do us all a favour, and .... off.

Thought for the day...

maybe if the Argies retook the Falklands whilst UK is tied up in other conflicts, this job would then qualify for Export Finance

The "broken" AIM has allowed a lot of Pis to buy shares in at a very cheap price provided they have enough "patience" to hold long enough until the AIM either gets fixed and/or the company can no longer be held down by them sorting out finance,contracts and all the rest. I am prepared to give it 3-5 years and not too bothered by weekly fluctuations.However PI frustration is very understandable.

Good rns- will definitely help the cause regarding achieving Finance.

more Fab works please...