What's going to collapse next...

[Agent ZigZag]

29 minutes ago, eek said:

Nope - it's a sign of the Government not regulating things properly so the owners borrowed money (to take profits early) and can no longer repay the money old.

The bondholders need to be told sorry but it's your problem..

This is a major problem the UK faces. lack of Maintenance. All physical assets have been neglected up and down the country and typifies and reflects the thinking and attitudes of successive governments in the the get rich quick at the expense of long term structured thinking. 

 

With respect to waterboards the purse string holders has probably seen the cost of building new reservoirs and replacing a crumbling infrastructure system that is probably 100 years old and thought sod this no money in it and are now passing the buck to government.

[Virgil Caine]

58 minutes ago, desertorchid said:

They probably will take a haircut. 

 

Thames Water Bond price Unsecured May 2026:

 

It has sprung a leak

[HousePriceMania]

 

[Axeman123]

2 hours ago, desertorchid said:

Seems irrefutable that a company collapsing that supplies the most important of all basic needs to 1 in 4 of the population  is a serious sign of a countries ill health.

Every single bloody thing in the UK has been financialised, and has already had the most optimistic estimate of all the future cashflows wrung out of it.

[HousePriceMania]

13 minutes ago, Axeman123 said:

Every single bloody thing in the UK has been financialised, and has already had the most optimistic estimate of all the future cashflows wrung out of it.

Collapse, as we all know already, is nailed on.

 

[Austin Allegro]

On 28/06/2023 at 09:53, desertorchid said:

Seems irrefutable that a company collapsing that supplies the most important of all basic needs to 1 in 4 of the population  is a serious sign of a countries ill health.

 

https://www.theguardian.com/business/2023/jun/28/contingency-plans-reportedly-being-drawn-up-for-thames-water-collapse

Most of London's population won't be too bothered about queueing at standpipes or buying bottled water anyway, given their countries of origin.

[gibbon]

On 12/06/2023 at 16:20, HousePriceMania said:

Tuff times

 

 

 

 

 

Quote

 £178m of annual revenue. The business generated £5.5m of pre-tax profit in the year to December 2021

3% margin business...ouch. 

I reckon Wilko is about to implode soon. Everytime I go there half the shelves are empty, I'm guessing suppliers are no longer giving them credit as they must know they are in bad shape. Popped in today and even their soft drinks section was bare. I'm not surprised they are starting to hit the rocks, their staff are nearly all arrogant and lazy, they seem to think they get paid to stand around and chat to each other while ignoring customers. But as they say the fish stinks from the head down so i'm guessing this is indicative of what their head office is like.

 

Edited July 10, 2023 by gibbon

[wherebee]

I'm losing track of the property developers, building companies, and fringe retailers (i.e. bath bomb shops) imploding over here in Oz.  The interest rate rises are wiping over leveraged cunts out, and fraud is being exposed/alleged in a lot of them.

This one in the Australian today...shared for educational purposes.
 

[gibbon]

4 hours ago, wherebee said:

I'm losing track of the property developers, building companies, and fringe retailers (i.e. bath bomb shops) imploding over here in Oz.  The interest rate rises are wiping over leveraged cunts out, and fraud is being exposed/alleged in a lot of them.

This one in the Australian today...shared for educational purposes.

Few months ago driving down an A road in the sticks drove past what was quite a large impressive old pub. Massive sign on the side saying it's now one of these new bath bomb/scented candle type manufacturers. Boggles the mind really, still seems to be no end of women willing to pay £10 for a smelly candle. I imagine the margins are superb, 10p of wax and some essential oils and sell it for 100x. Found it:

 

Such a shame, another bit of our heritage gone. 

[DownwardSpiral]

Relatively small fry but this popped up on LinkedIn c.400 staff in Nottingham.

 

https://www.nottinghampost.com/news/business/majority-400-plus-staff-being-8589434.amp

[wherebee]

another Aussie builder in trouble...

https://www.news.com.au/finance/business/other-industries/melbourne-construction-firm-como-homes-spared-from-going-into-liquidation-but-company-director-to-sell-family-home/news-story/

[Stuey]

What's going to collapse next...

Interest Rates!

[Ash4781b]

Wilko ?

[Errol]

4 minutes ago, Ash4781b said:

Wilko ?

Wilko homeware chain on brink of collapse

https://www.bbc.co.uk/news/business-66395824

[ashestoashes]

OH dealing with an American company who say they are short of cash and can't send goods out without being paid upfront, but are already behind in delivering goods already paid for

[Iamcynical]

3 minutes ago, ashestoashes said:

OH dealing with an American company who say they are short of cash and can't send goods out without being paid upfront, but are already behind in delivering goods already paid for

Well that's a reversal of how things normally go.  I'd definitely not send them any more money until the latest goods have arrived.

[azzuri82]

4 minutes ago, ashestoashes said:

OH dealing with an American company who say they are short of cash and can't send goods out without being paid upfront, but are already behind in delivering goods already paid for

Which industry is this? Raw/core materials, or finished goods gone through so many layers of manufacturing/finishing?

 

[Boglet]

On 10/07/2023 at 22:09, gibbon said:

 

3% margin business...ouch. 

I reckon Wilko is about to implode soon. Everytime I go there half the shelves are empty, I'm guessing suppliers are no longer giving them credit as they must know they are in bad shape. Popped in today and even their soft drinks section was bare. I'm not surprised they are starting to hit the rocks, their staff are nearly all arrogant and lazy, they seem to think they get paid to stand around and chat to each other while ignoring customers. But as they say the fish stinks from the head down so i'm guessing this is indicative of what their head office is like.

 

Nailed it 👌

[ashestoashes]

11 minutes ago, azzuri82 said:

Which industry is this? Raw/core materials, or finished goods gone through so many layers of manufacturing/finishing?

 

manufactured widgets of some sort used by other manufacturers

[ashestoashes]

10 minutes ago, Boglet said:

Nailed it 👌

their seeds are massively reduced

https://www.wilko.com/en-uk/garden-outdoor/plants-seeds-bulbs/seeds-bulbs/c/73

[Axeman123]

32 minutes ago, ashestoashes said:

OH dealing with an American company who say they are short of cash and can't send goods out without being paid upfront, but are already behind in delivering goods already paid for

Yeah, they aren't gonna make it IMO.

[AWW]

On 25/04/2023 at 22:11, sancho panza said:

John Lewis and Waitrose are preparing to launch a joint loyalty card that will offer personalised discounts in a bid to lure shoppers into stores increase the usefulness of the customer data they can mine from it.

Fixed it!

[Axeman123]

2 hours ago, Errol said:

Wilko homeware chain on brink of collapse

https://www.bbc.co.uk/news/business-66395824

Stolen from Africa Twitter

You can see who ate their lunch.

[gibbon]

3 hours ago, Boglet said:

Nailed it 👌

 

Cheers. The DOSBODs hive mind called it right again. I was gonna see if I could short it but then realise it's a private company, shame could of made some nice coin.

Last time I was in there I caught a staff member at the back of the store hiding behind a stock trolley drinking from a flask. Reckon she was on the sauce. What a shit hole.

[gibbon]

1 hour ago, Axeman123 said:

Stolen from Africa Twitter

You can see who ate their lunch.

Am I the only person who never buys anything from these places? It's like they're setup to serve a clientele I had no idea existed. I pop into them now and then and just think what a load of cheap junk everything is and walk out.