God mode restorations
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Unfortunately it's how it is over here. Its criminal how much stuff gets weighed in.
Old and modern.
Old and modern.
Been there, got that t shirt
Is get lynched by members on here if I shared what I’ve dropped into skips with a forklift. And I mean dropped, to ensure they were too damaged to salvageThen post it in the forum post:
"Today I acquired"
Is get lynched by members on here if I shared what I’ve dropped into skips with a forklift. And I mean dropped, to ensure they were too damaged to salvage
I hope you accepted his offer and charged him MEGA moneyOne of the reasons I dislike Accountants so much
When we were taken over, the stick electrode factory in Sheffield were told they were going to invest in new equipment....to be honest we didnt really need it but we had to go along with it...In truth they sent us a load of scrap that had been removed from other factories all over the world...we had to update it and make it work...we had a budget to do this....We knew that all this "investment" would increase our costs and if they ever wanted to shut down a factory it would put us at the top of the list. Their argument was that we would improve output and the extra output would easily cover the increased costs...this was at at time when the sales were falling year on year, and not just us. The sales of stick electrodes has fallen every year I have been involved and I started in 1977...So we knew we were heading for closure.
The confirmation came when we "inherited" a new oven. It was a continuous one with a chain conveyor that carried the rods through....we started to install it and soon realised that it was bigger than the building.......they had sent drawings showing where it should go....but they had drawn it smaller to make it fit...we were determined so we altered it and made it fit and then we made it work......that was 1995....they closed the place in 1997.....I think we were supposed to be blamed for not making the most of this oven, but we did.
Our products were then made in Holland and Spain....both factories were higher cost but also had stronger employment laws that protected employees....the extra production inherited from the UK would spread their costs wider. I had almost 2 years travelling to both factories almost every week to supervise the transfer.
They had us dismantle some of the equipment and some was sent to Mongolia (honestly).....Ten years later I had a phone call at home from one of the Engineers in the Head Office. He told me that this equipment had been sent and installed but they had never been able to make rods with it. He also asked if I would go over and help them. He didnt know that I had been made redundant 6 months earlier....
No....I had another job by then and didnt fancy the place anywayI hope you accepted his offer and charged him MEGA money
Yep 90% of my workshop tools including a big tool chest should be 40ft under the sand now in Camp Bastion, Afghan. My son-in-law at the time on his 3rd tour was in logistics and knew my perversion of tools so flew the lot back and had them delivered to my houseWait until you see what the MOD send to be scraped. I posted about it in the past. It was shameful what was being cut up.
Worse is the companies supplying the MOD, that is nearly criminal.
Thanks guys for the accountant bashing! I can confirm that we accountants do not throw assets away once they have no written down value nor do we spend money just to create assets to prevent a take over. After all money in the bank is a liquid appreciating asset so no point converting it into a fixed depreciating asset unless that asset is going to generate more profits.
Selling an asset and the paperwork it generates is neither here nor there with all the other transactions happening on a daily basis. The first the accountant will know about the asset been sent for scrap is when they have to check the fixed assets register at the yearend and find it missing with lots of mumbled excuses given to its where about.
Bad management is more likely the issue when they can't be bothered to get it sold so just scrap it instead, it's not like its there money.
The confirmation came when we "inherited" a new oven. It was a continuous one with a chain conveyor that carried the rods through....we started to install it and soon realised that it was bigger than the building.......they had sent drawings showing where it should go....but they had drawn it smaller to make it fit...we were determined so we altered it and made it fit and then we made it work......that was 1995....they closed the place in 1997.....I think we were supposed to be blamed for not making the most of this oven, but we did.
Our products were then made in Holland and Spain....both factories were higher cost but also had stronger employment laws that protected employees....the extra production inherited from the UK would spread their costs wider. I had almost 2 years travelling to both factories almost every week to supervise the transfer.
coulda done it with my machine in a dayThere can be an upside to scrappage, after cable colours were harmonised in 2006 our boss said we had to scrap all the old colours cable we had stored in the container outside the workshop, it took the 3 of us a couple of weeks to strip it before took it to the ferrous scrap metal dealer and we ended up with about £700 each![]()
Not much of an Accountant then![]()
What sort of accountant are you? Are you more ACCA or CIMA?Thanks, love you too
sounds like a honest oneWhat sort of accountant are you? Are you more ACCA or CIMA?