Archway sheet metal works on fire

[chrisd2k]

Right, before I drop my 2 cents, I have to ask, am I likely to be banned if I insinuate the fire may have been a inside job if not an angry fan? Because I did that over on COYS and got banned for it, so just checking before I wade in.

Me too

 

[etchedchaos]

Me too

My comment wasn't even accusative, I just stated I wouldn't put it past the archway lot, I didn't say they had done it, or that they were the prime suspects, just y'know I wouldn't put it past them.

On the positive side it does mean I won't have to read replies from pro-Archway posters who think taking us all the way to the high courts for a CPO even with the building burnt to the ground is a 'smart move' just because it pisses off Levy and ENIC.

 

[longtimespur]

Me too

Pretty strict on COYS aren't they?
I've had a suspension recently too.

 

[longtimespur]

And there's me thinking I'm either very special or being picked on as I'm recent member and due for the cull in January.

 

[weststandvoice]

Right, before I drop my 2 cents, I have to ask, am I likely to be banned if I insinuate the fire may have been a inside job if not an angry fan? Because I did that over on COYS and got banned for it, so just checking before I wade in.

Never understood COYS paranoia about being sued. It's password protected...

 

[etchedchaos]

Never understood COYS paranoia about being sued. It's password protected...

Not only that but they tend to go completely over-the-top on anything that is likely to be a big talking point. I mean who on earth would sue COYS because one of the posters said, 'I wouldn't put it past the Archway lot'? Considering the vitriol Levy and ENIC receive over there, you'd think they'd be worried the club might come have a word, but nope, not worried at all.

 

[michaelden]

Not knocking your info mate but i know the guy who's engaged to the owners daughter. They recently bought him a brand new Mercedes 500 CL AMG. If they was up to their eyeballs in debt, would they be spending £80k on a car for their future son in law.

Difference b/n personal wealth/ debt & business wealth/ debt. They might be thinking big payout so running the business into the ground getting every penny out of it, then with the money in assets in outside parties names, bankrupt the business after the payout & live pretty. Its happened often

 

[michaelden]

Insurance job just seems particularly strange to me.

Insurance bods, please feel free to correct me, but say Spurs won the CPO hearing and therefore Archways were set to receive fair value + 15% odd for the land/relocation expenses of their business.

Then lets say they move to Enfield and get set up. If they're as successful a business as being suggested, they could then sell their business for greater than the fair value of their building + contents, no?

By burning the place to the ground, they have simply sold the business for the insurance sum and will only get fair value of the land plus markup from Spurs. All the while losing business in the interim due to not having a facility. So they're actually out of pocket by the difference between net asset value + goodwill + interim sales of the business and the insurance sum.

1) does the family still want to run the business?
2) are they united? Or can 1 party afford to buy out the rest?
3) I believe they will be insured against current orders, get the building value, & from the CPO the land value + %

So they should be okay.

The first 2 are questions that would answer whether they had any intention of maintaining the business in any shape or form.

 

[Kendall]

1) does the family still want to run the business?
2) are they united? Or can 1 party afford to buy out the rest?
3) I believe they will be insured against current orders, get the building value, & from the CPO the land value + %

So they should be okay.

The first 2 are questions that would answer whether they had any intention of maintaining the business in any shape or form.

1) Does it matter? Why wouldn't they just move and then sell?
2) This is potentially relevant, but surely the one who wants the money would prefer market value for the business.
3) Insured against current orders, but what about lost customers? The customers who in the interim have gone elsewhere to get their sheet metal products?

You say they should be OK, but OK isn't not being out of pocket and putting yourself at risk of time in the slammer.

The current orders + building value that they get from the insurance would surely be less than a market value sale of the business post-relocation.

 

[michaelden]

1) Does it matter? Why wouldn't they just move and then sell?
2) This is potentially relevant, but surely the one who wants the money would prefer market value for the business.
3) Insured against current orders, but what about lost customers? The customers who in the interim have gone elsewhere to get their sheet metal products?

You say they should be OK, but OK isn't not being out of pocket and putting yourself at risk of time in the slammer.

The current orders + building value that they get from the insurance would surely be less than a market value sale of the business post-relocation.

1 - This about the rumours that the old man wanted to retire or such and the kids were more keen on selling up and starting their own businesses but 1 or 2 wanted to continue the business and it was causing the family issues.
2 - the market value is roughly 3x gross turnover +/- any unusual assets/liabilities. I'd say the market value plummeted after the CPO was issued. Even a challenge wouldn't get someone interested in a business wrung through the courts.

3 - true they might lose future business but unless there are 30 units shipped a month and they lose 25 then I'd say that the losses are minimal. You don't buy a kebab oven 3 times a year. You buy 1 for 10-15 years. The rest of their products I have no knowledge of. They might be the best at stainless steel tables but I'd be surprised if the business was SO competitive or monopolistic that any short term loss would effect them substantially. Its not like you or I could suddenly start a sheet metal business to compete.

And their current competitors would take up the slack but then drop off as Archway come back.

 

[Hoddle&Waddle]

It's not him this time but Charles Bronson is a yid.

Yeah, he'd just kick the shit out of them whilst covered in his own shit.

 

[Sir Henry]

Right, before I drop my 2 cents, I have to ask, am I likely to be banned if I insinuate the fire may have been a inside job if not an angry fan? Because I did that over on COYS and got banned for it, so just checking before I wade in.

Just put allegedly or a source told me and it covers you for everything

 

[YiddoInPoland]

Just put allegedly or a source told me and it covers you for everything

Barbecue?

..... i will get my coat.

 

[SpurSince57]

Which ties up with the report that the Josifs said that they'd been firebombed.

It would, if there were any evidence that they had.

 

[SpurSince57]

And there's me thinking I'm either very special or being picked on as I'm recent member and due for the cull in January.

I was banned before I posted anything there, for something I posted on here. My stupid fault for having the same user name on both forums. There are snitches about!

 

[jezz]

Lol, I've no idea who originally fed you Britons that crock of shit but it isn't even close to true. Only roughly 30% of us own firearms, and a massive percentage of that is people living in rural areas. It's clear you're a smart fella 57, I know good n well you can see past media-fed bullshit

But hell naw man the government harshing on my freedoms is far scarier than my right to bear arms against communism and jihad.

30% Did the government tell you that?
Or a newspaper tell you?

 

[SpurSince57]

And their current competitors would take up the slack but then drop off as Archway come back.

That would depend on how long they were out of the game, surely. Accept ENIC's offer, abandon the appeal, and they could be up and running on the White Hart Lane site in a matter of months. Continue to fight a legal battle they're almost certain to lose, and by the time they get started again customers will have gone elsewhere. They must already have orders in hand they can no longer fulfil.

 

[DaSpurs]

30% Did the government tell you that?
Or a newspaper tell you?

Really? You're going to question my experience and first hand knowledge of my own people? I even mentioned I've lived in Alabama for Chrissake, which should imply, if you knew your facts and thus consequently able to stand on a platform and accurately make such an insinuation, being familiar with one of the most gun-toting cross-section demographic of Americans there are.

If I assume every one of you eats nothing but fish n chips, and you cited a statistical percentage of Britons who prefer it, do I really have the authority to question you on what my own media is telling me?

Incredibly hypocritical insinuation.

 

[Spursidol]

Insurance job just seems particularly strange to me.

Insurance bods, please feel free to correct me, but say Spurs won the CPO hearing and therefore Archways were set to receive fair value + 15% odd for the land/relocation expenses of their business.

Then lets say they move to Enfield and get set up. If they're as successful a business as being suggested, they could then sell their business for greater than the fair value of their building + contents, no?

By burning the place to the ground, they have simply sold the business for the insurance sum and will only get fair value of the land plus markup from Spurs. All the while losing business in the interim due to not having a facility. So they're actually out of pocket by the difference between net asset value + goodwill + interim sales of the business and the insurance sum.

I do not think the insurance company will pay out for the value of the business - I suspect that they would probably have a 'loss of business' or 'business interuption' insurance but that only pays out for the loss of profits between the time that the premises burns down and the time the business is relocated and gets back to its former status.

So they still need to sell the business - but in principle they can sell it to a competitor (with all the IP and current designs of kebab machines etc plus the order book etc (and often the Archway Directors may well be on a year's consultancy to help the new company integrate the Archway business) or indeed to any other company, but a sale to a competitor may be easiest to accomplish. Or they need to re-establish the business in new premises.

I would think there will be pressure from the insurance company to re-set up the business in new premises (so as to minimise the 'business interuption' claim) as from what I understand the current premises would take a bit of time to re-build as its badly fire damaged - but the state of the current Archway building is purely a guess from press reports - which would help the CPO process, but if the building can be readily put back to work in a short time, the CPO process would be unafected I would have thought.

 

[Kendall]

Really? You're going to question my experience and first hand knowledge of my own people? I even mentioned I've lived in Alabama for Chrissake, which should imply, if you knew your facts and thus consequently able to stand on a platform and accurately make such an insinuation, being familiar with one of the most gun-toting cross-section demographic of Americans there are.

If I assume every one of you eats nothing but fish n chips, and you cited a statistical percentage of Britons who prefer it, do I really have the authority to question you on what my own media is telling me?

Incredibly hypocritical insinuation.

You had to mention fish and chips you massive racist.