Another Wholesaler down.

[alanl]

My preferred supplier, Valmo of South Wigston, Leicester shut down last week.

They have been going for 25+ years, but were brought down by one electrical contractor who didnt pay their bill. Rumours are the bill had got over £100k, and the contractor went bust last week, and re-opened under a different name on Monday, leaving a trail of debts to numerous small Companies and subbies.
It appears it is the 4th time this contractor has done the same thing. How they ever get credit is beyond me, as it is clear he has a reputation of not paying bills. They started up again immediately under a slightly different name, so they must be getting credit from someone else to supply their parts.

I feel really annoyed as Valmo were really good people, and I knew their stock range, and could advise my customers accordingly. It looks like I'll be using ERF in future, as they are the closest wholesaler to me now.

Alan.

 

[baldelectrician]

Well in my area of Lanarkshire Scotland all the wholesaler's go to a meeting similar to our Select/ Nic monthly and ask who owes them big buck's who aint paying, who is getting abnormal amounts of equipment/ material etc etc.

So they all talk to each other as it was described to me to stop this sort of thing happening to them all.

I agree with Davy

All local wholesalers talk to each other here. You don't get an account based on your credit rating- you get an account based on your personal history and how you pay / get on with people

 

[DNS1]

All local wholesalers talk to each other here. You don't get an account based on your credit rating- you get an account based on your personal history and how you pay / get on with people

Makes perfect sense...

Of course they'll probably end up being sued eventually for breaching some ridiculous EU law on privacy or something

 

[AIM]

Just done a quick web search on NSA Electrical. All in public domain. Would you do business with a Company with these vital statistics?
NSA ELECTRICAL LIMITED, established 2000-09-25
NSA ELECTRICAL LIMITED was first registered at Companies House on 2000-09-25 as a "Private Limited with share capital" company, registration number 04077772. On the last annual return they registered as SIC classification code 74870, stating that the main activity of the company was "Unknown".

The company last filed accounts on 2010-07-02 of type "TotalExemptionSmall". [h=1]Cash at Bank[/h] From the most recent set of accounts filed by NSA ELECTRICAL LIMITED their cash at bank in 2009 was:

£26
[h=1]Net Worth[/h] From the most recent set of accounts filed by NSA ELECTRICAL LIMITED their net worth in 2009 was:

£26,235
[h=1]Total Current Liabilities[/h] From the most recent set of accounts filed by NSA ELECTRICAL LIMITED their total liabilities in 2009 were:

£604,170

 

[mogga]

The wifes friend got payed off ( Payed isnt right she got hey haw) when her nugat cheatin expletives of a bos experienced hard times and had to trim down ( she knew this was coming and expected the next bit) no redundancy she worked for 4 years under the company and 5 before that for same guy before he "Phonixed" she had to take him to tribuneral He didnt turn up no surprise0 then within a week he went burst on a friday Then on monday opened up as another company Only differance in names was the "XXXXX" bit became "XXXXXXXXXXXXX" and it was his boys company He still swans about in the beemer ect he and a couple of his "M8s" have done this twice that I know of personaly I feel like knockin his block off but know he would get me lifted ect

 

[Poweri]

The wifes friend got payed off ( Payed isnt right she got hey haw) when her nugat cheatin expletives of a bos experienced hard times and had to trim down ( she knew this was coming and expected the next bit) no redundancy she worked for 4 years under the company and 5 before that for same guy before he "Phonixed" she had to take him to tribuneral He didnt turn up no surprise0 then within a week he went burst on a friday Then on monday opened up as another company Only differance in names was the "XXXXX" bit became "XXXXXXXXXXXXX" and it was his boys company He still swans about in the beemer ect he and a couple of his "M8s" have done this twice that I know of personaly I feel like knockin his block off but know he would get me lifted ect

Did your wife's friend work for NSA? I worked there whilst someone was sacked for some made up reason one morning.