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Thread: Recession , How many more will hit the wall

  1. #1

    Recession , How many more will hit the wall

    Its a worrying time for most at the moment . I had a call yesterday from a long standing friend who has been in the building game for 25 yrs to ask me if i wanted to buy any of his kit , obviously i asked him why and he explained that he is about to go bust / hit the wall .
    His situation has been caused by a company that he sub contracted work off of had gone bust basically leaving him owed 2 months labour costs and the knock on effect is going to put him through the hoop .
    In reality being a builder myself with minimal work in front of me i too will be pulling the pin on working for myself very soon .

    I suppose that what iam asking is how many others are being effected by this ever deepening reccession ?

  2. #2
    hi same boat has you eccept i do grounds/tree/hedge work for rural houseing association and parish councils having to quote so low that im having a job to break even private gardening no better looks like i will have to try to get back into enginering if theres any left

  3. #3
    Worked offshore for 11 years then 26 as a self-employed haulier and have today put my truck up for sale... 1.50/litre and the most controlled industry in the UK have swung my decision.

  4. #4
    forgot the travelers (rant) undercutting me no vat/insurance/tools to pay for they did a p--s poor job of next doors coniffers then thay ask me if i can tidy them up and pull a face when i ask for a bit of cash to cover costs

  5. #5
    Hey Niel tell me about it , a farmer whos ground i shoot over rings me at stupid hrs to repair things like a water leek or to re hang a gate he has hit off ,even to replace tiles on his roof all of which i do for the bit of shooting ( no charge ) then when he has the outside of the farm house rejointed he gets some1 else to do it , i wouldnt mind but his land is the smallest and least productive permission i shoot .

  6. #6
    Well i work in a factory making concrete walls for houses,flats and factories. We are full up with work to well into 2012. We have taken on more labour to cope with all the work. It might get a bit slower later in the year but as i retire in 2 years. I'm not worried.

  7. #7
    been a builder for 26 years. The thieving pikeys robbed my van and tools towards the end of last year and can't afford to replace everything. house on the market to downsize then pack this stupid game in. The last job i did i struggled to cover wages never mind a profit. This was a 22 room animal hospital built from the ground up. When the roof was finished i gave a price to plaster it and they said that if i could match the other price of 5.50 an hour i could do it. Yea right.
    The job has had it.

  8. #8
    I think the above stories are the start of what will be a bad year.
    I too am self employed and have a lot of eggs in one basket. I currently am chasing them for payments not because i need it or its over due but rather a case i dont want them owing me a lot of monies if something bad happens..

  9. #9
    yep i,ve got my own scaffolding business, in 2009 2 companys went bust leaving me with a 60k debt and a 22k vat bill,layed 10 men off went back too me and just a lad and i,d not been on tools for 4 years. slowly built back up now have 5 men but will not take on anymore lads on and no jobs over 10k,were as before i was doing 50k/60k jobs.i,ve just managed to clear my debt but sold everything by my house. my race car,transporter,50k of scaffold,3 wagons and my car(still not got a car) struggling 2 pay wages week in week out so mite have too lay a man off. again if everyone payed when we put the scaffolds up i,d be well off but as always months of chasing and only getting dribs and drabs. i,m ready for throwing the towel in as 500 aweek of goverment would do for me!!!!!!!!!stav
    if your going too be dumb you have too be tough

  10. #10
    Quote Originally Posted by neil b View Post
    hi same boat has you eccept i do grounds/tree/hedge work for rural houseing association and parish councils having to quote so low that im having a job to break even private gardening no better looks like i will have to try to get back into enginering if theres any left
    go back to engineering thats a joke what engineering just been layed off again 2nd time in less than a year from differant companys. just no engineering companeys left around my area give the idear up. i want to be an mp money for old rope and you can allways get a job in the old boys club nice 2 days a week job on the board of directors 80-100 thousand a year thats better than engineering.

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