East lancs Railway caught up with potential £18k loss in building company collapse

Discussion in 'Railtours & Preservation' started by fsmr, 16 Apr 2015.

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  1. fsmr

    fsmr Member

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    I cant believe that this company didn't know they were likely to go under the day before they stole yes stole the money raised by the ELR

    Makes my blood boil how companies especially in the construction trade seem to just go bust at a whim and then mysteriously restart leaving sub contactors suppliers and customers all out of pocket

    It must be devastating for the trustees and volunteers hand over hard raised cash and see it lost the next day

    http://www.manchestereveningnews.co...ws/east-lancs-railways-100000-project-9032947

     
  2. alexl92

    alexl92 Established Member

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    I saw this. I feel like it was pretty naughty of them to take the cash and just go bust. Hopefully the ELR will get it back somehow.
     
  3. Bullfield WEst

    Bullfield WEst Member

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    I don't think there is much chance of that but it did prompt me into becoming a member. Hope others do the same to offset their losses.
     
  4. Jonfun

    Jonfun Member

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    Just on an aside, and in no way intending to devalue the contribution you make, if anyone is planning to donate towards the ongoing canopy work specifically, it's best to donate directly to the ELR company rather than the ELR Preservation Society, as money given to the society funds their activities such as the society magazine and events, with the surplus going towards contributions to the ELR Company's projects. I'm unsure of how much money the society have contributed to the canopy project thus far and how much they intend to do so now. Of course, by joining the society as a member you could then go to become a volunteer and help out by giving a little bit of your free time :)
     
  5. Bullfield WEst

    Bullfield WEst Member

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    Thanks for the information and advice. I do look forward to some involvement in the near future. More so than in the past as a volunteer Cask emptier in the Trackside. :D
     
  6. Jonfun

    Jonfun Member

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    Of course, there's no reason you can't do both... :)
     
  7. Signalmans Eye

    Signalmans Eye Member

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    I donated a few days ago on the big give.org.uk see east lancs website and goes directly to appeal
     
  8. Elecman

    Elecman Established Member

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    The only company getting anything here is the leech Deloittes they get first call on any money even before HMRC!! When Jarvis went bust there was no money to pay the redundant staff their outstanding wages but sufficient money to pay Deloittes several million quid in their charges ( over £500 per hour for a clerk never mind the superiors on several thousand an hour) so I doubt ELR will see any of their money back. Thier best hope is that someone like Pilkingtons or St Gobain donate the equivalent amount of glass panels for free.
     
    Last edited: 17 Apr 2015
  9. Aldaniti

    Aldaniti Member

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    Even a casual glance of this company's accounts would suggest that they have been experiencing problems for some time. I'd be very wary of handing over £18k in advance to an established company, with turnover in the millions, and which has been making losses for the last few years.
     
    Last edited: 17 Apr 2015
  10. Jonny

    Jonny Established Member

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    Agreed, just looking at Robert Horne Group Ltd - the business that ELR was actually dealing with - the writing was on the wall - or in the accounts.

    I found a link here with the details (requires free login to see some parts) http://companycheck.co.uk/company/00584756
     
    Last edited: 18 Apr 2015
  11. Paul Sidorczuk

    Paul Sidorczuk Veteran Member

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    The last memories that I have of the Robert Horne papermaking company is around the early 1990's, when the family sold the business to Buhmann-Teterode, a company based in the Netherlands.
     
  12. 47513 Severn

    47513 Severn Member

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    The Robert Horne of today was part of Paperlinx UK which has collapsed. Paperlinx UK was part of the multinational Australian owned Paperlinx group. You can read more here:
    http://www.printweek.com/print-week...ppointed-at-paperlinx-uk-most-branches-closed

    As you will see in the comments there is much blaming of the management and owners etc. but the reality is there is massive over capacity in the UK print and paper business. Something like this was inevitable although such a large player going down has taken many by surprise. There is now a short term shortage of paper which hopefully should see off a few of the bad paying chancers and phoenix companies that have been the blight of the print business for the last few years. The Paperlinx Benelux operation has also collapsed in the last week, it is very much a European problem.

    It is extremely unlikely whoever the ELR were dealing with (probably one of the 700+ who have lost their jobs) had a clue this was in the pipeline. It is certainly not a case of a shady outfit taking their money and running. One positive note is that the administrators say there has been considerable interest in the specialist divisions of the group. As glazing materials were far from the core Paperlinx business I guess the ELR were dealing with one of the specialists.

    47513
     
    Last edited: 19 Apr 2015
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