Gone very quiet
Discussion
Alloy wheel repair, 22 yrs in the game.
By far the worst start to a year ever, Jan and Feb were write offs, March should be our busiest month of the yr with the new reg, nope, almost 75% down.
My competitors social pages show them doing fancy colours on their own vehicles, so guessing they are in the same boat.
Local dealer to us usually spends £1500-2k a month, this yr they have so far spent £80 , yes £80 with us.
Can’t see any improvement any time soon.
By far the worst start to a year ever, Jan and Feb were write offs, March should be our busiest month of the yr with the new reg, nope, almost 75% down.
My competitors social pages show them doing fancy colours on their own vehicles, so guessing they are in the same boat.
Local dealer to us usually spends £1500-2k a month, this yr they have so far spent £80 , yes £80 with us.
Can’t see any improvement any time soon.
Quattromaster said:
Alloy wheel repair, 22 yrs in the game.
By far the worst start to a year ever, Jan and Feb were write offs, March should be our busiest month of the yr with the new reg, nope, almost 75% down.
My competitors social pages show them doing fancy colours on their own vehicles, so guessing they are in the same boat.
Local dealer to us usually spends £1500-2k a month, this yr they have so far spent £80 , yes £80 with us.
Can’t see any improvement any time soon.
Are there good deals to be had at the moment? Or are companies keeping prices firm because they cannot afford to discount?By far the worst start to a year ever, Jan and Feb were write offs, March should be our busiest month of the yr with the new reg, nope, almost 75% down.
My competitors social pages show them doing fancy colours on their own vehicles, so guessing they are in the same boat.
Local dealer to us usually spends £1500-2k a month, this yr they have so far spent £80 , yes £80 with us.
Can’t see any improvement any time soon.
LimmerickLad said:
My 1st tracked excavator was an MF450 but my 2nd was an RB175, 5cyl air cooled Deutz with bog tracks.....great memories.
Would, I think, have been a 155? IIRC they only made 155 and 220, unless the 175 was a special, built for the Bord Na Mona?The Deutz engines of that era were incredible. Used to love the noise of those Magirus 8x4 tippers with the air cooled V8’s.
Mr Whippy said:
… finding people willing to put £millions into something for a few years and hoping they make a profit out the other side is clearly now a very real risk… especially as government keep flapping around with planning, stamp duty, taxes, etc...
The present tax regime is the most unenterprising the UK has ever seen. There is now almost a disincentive for small scale entrepreneurial risk.The many but varied SME businesses have no real voice or lobbying power, so the city and government are blind and ignorant to the issues, but it is an economic crisis. My eldest sister moved to and married in Greece about 20 years back and through her eyes, I have seen how this plays out, WRT the tax and bureaucratic drag on business.
Edited by Digga on Saturday 16th March 07:58
Digga said:
LimmerickLad said:
My 1st tracked excavator was an MF450 but my 2nd was an RB175, 5cyl air cooled Deutz with bog tracks.....great memories.
Would, I think, have been a 155? IIRC they only made 155 and 220, unless the 175 was a special, built for the Bord Na Mona?The Deutz engines of that era were incredible. Used to love the noise of those Magirus 8x4 tippers with the air cooled V8’s.
LimmerickLad said:
Digga said:
LimmerickLad said:
My 1st tracked excavator was an MF450 but my 2nd was an RB175, 5cyl air cooled Deutz with bog tracks.....great memories.
Would, I think, have been a 155? IIRC they only made 155 and 220, unless the 175 was a special, built for the Bord Na Mona?The Deutz engines of that era were incredible. Used to love the noise of those Magirus 8x4 tippers with the air cooled V8’s.
robscot said:
Couple of hospitality types who are usually alright now feeling it, VAT / rates / energy being main kicker or annoyance it seems.
Also some large-for-sector UK tech types making double/triple digit redundancies which I didn't expect.
Hospitality types get a 10% extra wage bill next month Also some large-for-sector UK tech types making double/triple digit redundancies which I didn't expect.
I think 25th March could be interesting (rent day). Around the same time might be worth watching redundancies in lower paid sectors.
I suspect many firms are staring down the barrell of knowing they can't make rent payments.
After that 6 weeks and VAT is due for many. Straight on the back of wages increases.
Next 2-3 months could be the peak for firms collapsing.
I suspect many firms are staring down the barrell of knowing they can't make rent payments.
After that 6 weeks and VAT is due for many. Straight on the back of wages increases.
Next 2-3 months could be the peak for firms collapsing.
LuckyThirteen said:
After that 6 weeks and VAT is due for many. Straight on the back of wages increases..
I have always been a bit baffled why any firm wouldn't be able to pay its VAT bill.Essentially they are just collecting the VAT from the consumer on behalf of the Taxman. If they then don't have the funds to pass it over to the Taxman it must mean they have spent it. And presumably they don't even have to hand all of it over because they must net off any VAT they have paid as businesses earlier in the VAT chain. Why don't they just keep the VAT to one side when they've collected it from the consumer on the basis that they are going to have to give it to the Taxman later.
If the funds aren't available at the point it's required that just sounds like bad business management if they have spent it on something else so it's hard to have any sympathy for them not being able to afford the VAT when it is due.
A993LAD said:
LuckyThirteen said:
After that 6 weeks and VAT is due for many. Straight on the back of wages increases..
I have always been a bit baffled why any firm wouldn't be able to pay its VAT bill.Essentially they are just collecting the VAT from the consumer on behalf of the Taxman. If they then don't have the funds to pass it over to the Taxman it must mean they have spent it. And presumably they don't even have to hand all of it over because they must net off any VAT they have paid as businesses earlier in the VAT chain. Why don't they just keep the VAT to one side when they've collected it from the consumer on the basis that they are going to have to give it to the Taxman later.
If the funds aren't available at the point it's required that just sounds like bad business management if they have spent it on something else so it's hard to have any sympathy for them not being able to afford the VAT when it is due.
That said, a time-to-pay agreement is commonly offered if requested, so not necessarily a cliff-edge problem if it is a one-time issue.
A993LAD said:
I have always been a bit baffled why any firm wouldn't be able to pay its VAT bill.
Essentially they are just collecting the VAT from the consumer on behalf of the Taxman. If they then don't have the funds to pass it over to the Taxman it must mean they have spent it. And presumably they don't even have to hand all of it over because they must net off any VAT they have paid as businesses earlier in the VAT chain. Why don't they just keep the VAT to one side when they've collected it from the consumer on the basis that they are going to have to give it to the Taxman later.
If the funds aren't available at the point it's required that just sounds like bad business management if they have spent it on something else so it's hard to have any sympathy for them not being able to afford the VAT when it is due.
It's called cashflow. Lots of reasons why it can become a problem for good businesses. Unfortunately your average PAYE worker has no idea how hard it can be running a business.Essentially they are just collecting the VAT from the consumer on behalf of the Taxman. If they then don't have the funds to pass it over to the Taxman it must mean they have spent it. And presumably they don't even have to hand all of it over because they must net off any VAT they have paid as businesses earlier in the VAT chain. Why don't they just keep the VAT to one side when they've collected it from the consumer on the basis that they are going to have to give it to the Taxman later.
If the funds aren't available at the point it's required that just sounds like bad business management if they have spent it on something else so it's hard to have any sympathy for them not being able to afford the VAT when it is due.
Quattromaster said:
Alloy wheel repair, 22 yrs in the game.
By far the worst start to a year ever, Jan and Feb were write offs, March should be our busiest month of the yr with the new reg, nope, almost 75% down.
My competitors social pages show them doing fancy colours on their own vehicles, so guessing they are in the same boat.
Local dealer to us usually spends £1500-2k a month, this yr they have so far spent £80 , yes £80 with us.
Can’t see any improvement any time soon.
And what are you actually doing against that downturn? By far the worst start to a year ever, Jan and Feb were write offs, March should be our busiest month of the yr with the new reg, nope, almost 75% down.
My competitors social pages show them doing fancy colours on their own vehicles, so guessing they are in the same boat.
Local dealer to us usually spends £1500-2k a month, this yr they have so far spent £80 , yes £80 with us.
Can’t see any improvement any time soon.
Did you invest in publicity?
Quattromaster said:
Alloy wheel repair, 22 yrs in the game.
By far the worst start to a year ever, Jan and Feb were write offs, March should be our busiest month of the yr with the new reg, nope, almost 75% down.
My competitors social pages show them doing fancy colours on their own vehicles, so guessing they are in the same boat.
Local dealer to us usually spends £1500-2k a month, this yr they have so far spent £80 , yes £80 with us.
Can’t see any improvement any time soon.
Want to have my dodge charger wheels done in bronze , proper tyre of job , might be a time to speak to a few firmsBy far the worst start to a year ever, Jan and Feb were write offs, March should be our busiest month of the yr with the new reg, nope, almost 75% down.
My competitors social pages show them doing fancy colours on their own vehicles, so guessing they are in the same boat.
Local dealer to us usually spends £1500-2k a month, this yr they have so far spent £80 , yes £80 with us.
Can’t see any improvement any time soon.
I’d pm you but my email address linked to this account doesn’t work and I’m not sure how to change it
Reference plant sales (used) Jan and Feb were not so pretty but March has been ok, usual end of year jargon. However either people are flat out busy or they are dead there’s no inbetween
Following the housing market in Northampton , we just completed on our house sale which sstc in November time. Since then 6 houses on the road of 42 went on, not one sold , noticing my right move notifications are huge too, guess it’s just the time of year. Just not sure the bottom of the chain is quite there for a lot of sellers
MaxFromage said:
A993LAD said:
I have always been a bit baffled why any firm wouldn't be able to pay its VAT bill.
Essentially they are just collecting the VAT from the consumer on behalf of the Taxman. If they then don't have the funds to pass it over to the Taxman it must mean they have spent it. And presumably they don't even have to hand all of it over because they must net off any VAT they have paid as businesses earlier in the VAT chain. Why don't they just keep the VAT to one side when they've collected it from the consumer on the basis that they are going to have to give it to the Taxman later.
If the funds aren't available at the point it's required that just sounds like bad business management if they have spent it on something else so it's hard to have any sympathy for them not being able to afford the VAT when it is due.
It's called cashflow. Lots of reasons why it can become a problem for good businesses. Unfortunately your average PAYE worker has no idea how hard it can be running a business.Essentially they are just collecting the VAT from the consumer on behalf of the Taxman. If they then don't have the funds to pass it over to the Taxman it must mean they have spent it. And presumably they don't even have to hand all of it over because they must net off any VAT they have paid as businesses earlier in the VAT chain. Why don't they just keep the VAT to one side when they've collected it from the consumer on the basis that they are going to have to give it to the Taxman later.
If the funds aren't available at the point it's required that just sounds like bad business management if they have spent it on something else so it's hard to have any sympathy for them not being able to afford the VAT when it is due.
On this VAT point.
If trade drops off a cliff the choice might become to utilise collected VAT to cover cashflow shortfall in order to pay wages.
Frankly, I've been there. A long long time ago now, but I know what it's like.
This can go on for 3 or 4 quarters during a recession.
Anybody using simple logic to say 'its so simple, just do this' or finding it easy to say 'well, it's just a badly run business' is naive.
For me it was 2009. Try standing there looking at your employees, knowing they're F*£ked if you have to let them go. Also knowing they're a decent team and you want to keep them together. You know they've got young kids at home, and bills to pay.
Then tell me, in that situation. When your workload has dropped off the edge of a cliff, you wouldn't use any cash in the business to cover the immediate wage bill, and worry about paying the VAT later?
When you're in this type of scenario you're going day by day to keep the business alive to the start of the next cycle.
Talk is cheap, and when downturns hit Mike Tyson's words ring out - 'Everybody has a plan until they're punched in the face'.
To the post above talking about deferred payments: I know of a competitor of mine who is still in a hole having deferred corp and vat during covid and still hasn't caught up.
If trade drops off a cliff the choice might become to utilise collected VAT to cover cashflow shortfall in order to pay wages.
Frankly, I've been there. A long long time ago now, but I know what it's like.
This can go on for 3 or 4 quarters during a recession.
Anybody using simple logic to say 'its so simple, just do this' or finding it easy to say 'well, it's just a badly run business' is naive.
For me it was 2009. Try standing there looking at your employees, knowing they're F*£ked if you have to let them go. Also knowing they're a decent team and you want to keep them together. You know they've got young kids at home, and bills to pay.
Then tell me, in that situation. When your workload has dropped off the edge of a cliff, you wouldn't use any cash in the business to cover the immediate wage bill, and worry about paying the VAT later?
When you're in this type of scenario you're going day by day to keep the business alive to the start of the next cycle.
Talk is cheap, and when downturns hit Mike Tyson's words ring out - 'Everybody has a plan until they're punched in the face'.
To the post above talking about deferred payments: I know of a competitor of mine who is still in a hole having deferred corp and vat during covid and still hasn't caught up.
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