Lost Identity26 Apr 2019 12:56
There will be very little to cheer about, trust me. This is not an attempt to attack but simply hard truthful facts of the current turmoil this company is unfortunately basking in. The recent aggressive acuquisitions,the purchasing of goodwill or be it order books. Those company staff now leaving in their droves and the specialist divisions now falling under one umbrella, those being lifting and survey. This just before year end results, so the divisions that were ahead of budget now bail out or bring to a level those that were not. Once again no growth, figures manipulated from constant and ruthless cost cutting and the lost identities of divisions that are specialist and command excellent hire rates. The turnover of Regional Directors, General Managers and Depot Staff on all levels is unhealthy to say the least. While the competition continues to grow, Champion Hire for one, the informative article recently in the Construction News stating that they are making more profit now with five depots than with nine just before the recession. This by purely doing the basics, with a simple computer system, not by trying to reinvent the wheel, not by those at the top knowing nothing about what is needed and listening to those on the front line with years of experience, not by moving assets around and around in a bizarre and truly mind boggling way! If this was a company with any value and one that people wanted to invest in for the future, it would of happened a very long time ago. Personally I don’t think the CEO will see 2020 and a SP of 50 pence plus reflects that. The information is out there, the people are out there to talk to and the facts don’t lie, they are screaming at you!!! There’s another company who are on the horizon and they mean business, Boels.