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Thread: Fountains Forestry

  1. #1

    Exclamation Fountains Forestry

    Anyone got any stalking over Fountains' ground? I heard today that they are part of Connaught group which are on the brink of going tits up!

    FT.com / Companies / Construction - Connaught on the brink as shares suspended

    I don't know what sort of impact that will have...

  2. #2
    The FTSE 250-listed company announced it was in the process of appointing KPMG as administrators after it earlier suspended trading of its shares.
    Connaught said talks with lenders and investors on additional financial support had "failed to reach a satisfactory conclusion".
    In a statement the firm continued: "Following extensive discussions with the group's secured lenders, it is now clear that sufficient support would not be extended to the group as a whole to enable it to continue trading as a going concern.
    "As a consequence, the board is saddened to announce that it is in the process of appointing partners from KPMG as administrators of Connaught plc and its subsidiary, Connaught Partnerships Limited, which comprises its Social Housing Division."
    The company's other main subsidiaries, Connaught Compliance, National Britannia Holdings, Fountains and Connaught Environmental, are not being placed into administration.

  3. #3

    Lightbulb have you seen just how big they really are

    Connaught plc
    3184319
    Connaught Partnerships Ltd
    1838150
    Connaught Environmental Ltd
    1581254
    Connaught Compliance Ltd
    3924648
    Conntrol Ltd
    3871054
    Connaught Compliance Gas Services Ltd
    3099160
    Gasforce Technical Services Ltd
    3482014
    Connaught Academy Ltd
    4344406
    Connaught Technical Solutions Ltd
    2774626
    Whites Electrical Services Ltd
    5117214
    Connaught Baldwin Ltd
    1216292
    Connaught Spare Company Number 1 Ltd
    3560581
    C B Services Ltd
    2919029
    A E Williams & Son (Builders) Ltd
    605035
    Environment Plus (UK) Ltd
    3896985
    PCL (Nationwide) Ltd
    2947725
    Water Technology Ltd
    1122783
    Chloroxy Tech Ltd
    3138946
    Magi-cal Waterfilters
    4277969
    Connaught Compliance Fire Services Ltd
    1395639
    T J Lowe Ltd
    3379551
    Lowe Group (Holdings) Ltd
    4818337
    Connaught Predator Ltd
    3429296
    A.N.T. Environmental Services Ltd
    4300980
    BCCR Holding Ltd
    3031070
    Castle Pest Control Ltd
    4581549
    Corporate Governance Through Controls Assurance Ltd
    2779654
    E.H & S.S Ltd
    4318556
    Elite Workwear UK Ltd
    4890537
    Hygiene Monitoring Services Ltd
    2915744
    National Britannia Acquisition Ltd
    5375889
    National Britannia Certification Ltd
    3869617
    National Britannia Group Ltd
    2747765
    National Britannia Holdings Ltd
    5373421
    Connaught Compliance Services Ltd
    658860
    National Britannia Trustees Ltd
    2881205
    Occhea Ltd
    3735699
    Safety Works Ltd
    3031077
    Connaught Compliance Training Services Ltd
    4053434
    Connaught Compliance Electrical Services Ltd
    3151883
    UK Fire International Limited
    1308210
    Connaught Compliance Pest Prevention Limited
    3891402
    Fountains Limited
    02391409
    Fountains Support Services Limited
    00593535
    Fountains Forestry Limited
    04090138
    Centrac Maintenance Ltd
    3406605
    Chantmarle Centrac Group Ltd
    1241324
    Connaught Group Ltd
    2341461
    Connaught ESOP Trustee Ltd
    3564750
    Connaught Integrated Workspace Solution Ltd
    2172017
    Connaught Incubations Ltd
    3907906
    Connaught Building Services Ltd
    3913437
    Connaught Interiors Ltd
    2651575
    Connaught Maintenance Services Ltd
    3913442
    Connaught Network Services Ltd
    4329966
    Connaught Property Services Ltd
    3961734
    Connaught Serviceforce Ltd
    4381180
    Connsult Ltd
    4066157
    Consort Refridgeration Service Ltd
    3461337
    First Service Ltd
    3303536
    Integrated Property Solutions Ltd
    4066147
    Pynes Five Ltd
    4380375
    Pynes Four Ltd
    4108044
    Pynes One Ltd
    4095050
    Pynes Seven Ltd
    3461339
    Pynes Three Ltd
    4095750
    Pynes Two Ltd
    4380302
    Serviceforce Ltd
    4890763
    Westacre UK Ltd
    4183033
    Lowe Group (Engineering) Ltd
    3425487
    CHSS Consultancy Ltd
    4939342
    CHSS Environment Ltd
    4939373
    CHSS Ltd
    4079013
    CHSS Training Ltd
    4939339
    FoodSupplyline Ltd
    3850816
    Procheck Food Safety Ltd
    564051
    Risco Ltd
    4031210
    S.M.A.R.T Works Ltd
    3531633
    Safety Check Ltd
    2418371
    WhatRisk.com Ltd
    2734339
    Wimtec Environmental Ltd
    3071560

  4. #4
    Only a small company then.
    AT THE AGE OF 50 I DECIDED I WAS GOING TO GROW OLD F***ING DISGRACEFULLY

  5. #5
    I had stalking on some of Fountains Forestry ground last year, I changed to a different ground earlier this year. That could be considered good timing!

  6. #6
    Apparently, Fountains Forestry are NOT affected and will be continuing to trade as normal (according to this news thread)

    BBC News - Connaught administration threatens thousands of jobs
    The pure and simple truth is rarely pure and never simple

  7. #7
    Account Suspended
    Join Date
    Sep 2010
    Location
    herefordshire
    Posts
    6
    Ah! But for how long?

    The whole group has lost 90% of its stock market value and has 220m worth of debt. I'm sure if KPMG decide that its time to pull the plug on what Connaught hope to salvage from the wreckage, they will do precisely that regardless of what the new board hopes might be.

  8. #8
    Don,t worry about Connaught if I am right it is owned at present by a venture capital group (thats why it has grown so quick) most of its contracts are long term ie 3 - 15yrs 220 debt sounds alot but with forward works, it could be divided and sold off, fountain could go to Tillhill, maintenence to Mitie, groundsmanagement to English landscapes etc so any stalking agreements would still stand.

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