Essex contractor bankruptcy

Farmer Roy · Dec 2, 2019

CowBale said:
I had a ‘situation’ a few years ago when owed around 18k. Was sent a cheque for £500 after 3 months, with the promise of the rest within 6 months. Cheque subsequently bounced!
About 3 weeks later, lounging on the sofa watching crap on the TV, about 10pm, phone rings.
Some ‘Agricultural Finance Company’ had taken over the running of this farming company, told me I was ‘a few places down the creditors list’, and offered me 11p in the pound!?

still better than the 5 c in the $ I got . . .
In situations like that, you never win

unlacedgecko · Dec 2, 2019

Do farmers/contractors not use invoice factoring facilities to protect themselves from people going bust?

powerontheland · Dec 2, 2019

bovrill said:
Someone once told me that anyone can get themselves into a muddle. It's how you get yourself out of it that matters.

I reminded him of his comment in a conversation about the very subject of this thread back in the summer.
I notice he's on the list of those owed money though, but not as much as we spoke about four months ago.

Mr F by any chance?
Thought that there would be a lot more farmers on the list.
Interestingly, no Fendt orJohn Deere in the sale? No mention of straw stacks anywhere by the administrator either??

d williams · Dec 2, 2019

unlacedgecko said:
Do farmers/contractors not use invoice factoring facilities to protect themselves from people going bust?

Factoring facilitates are not going to protect you from someone busy on you could even hinder you
It’s a expensive way to help with cash flow
Insurance will be the only way to take some risk out of the job

chaffcutter · Dec 2, 2019

We are owed a fair bit by a farmer and trader contacted through the forum, did a deal for delayed payment and he has basically denied the existence of the agreement, currently going through the court.

How annoying it is when you trust a fellow farmer to act ‘in good faith’, what happened to ‘my word is my bond’.

Pilatus · Dec 2, 2019

chaffcutter said:
We are owed a fair bit by a farmer and trader contacted through the forum, did a deal for delayed payment and he has basically denied the existence of the agreement, currently going through the court.

How annoying it is when you trust a fellow farmer to act ‘in good faith’, what happened to ‘my word is my bond’.

That is really unfortunate. Sadly as the numbers of people increase on this planet,the number of liars,thieves, and all types of scum of the earth increase,does not bode well for the future of mankind

Flat 10 · Dec 2, 2019

chaffcutter said:
We are owed a fair bit by a farmer and trader contacted through the forum, did a deal for delayed payment and he has basically denied the existence of the agreement, currently going through the court.

How annoying it is when you trust a fellow farmer to act ‘in good faith’, what happened to ‘my word is my bond’.

That’s very disappointing.
I should say everyone I’ve dealt with through the forum has been great.

bovrill · Dec 2, 2019

powerontheland said:
Mr F by any chance?
Thought that there would be a lot more farmers on the list.
Interestingly, no Fendt orJohn Deere in the sale? No mention of straw stacks anywhere by the administrator either??

Haha! No, it was a conversation about decency and integrity!
I've no doubt someone there's scheming a way to profit from the situation.

There's a lot of stuff missing off that list. I've not seen the beef side's accounts, so possibly there's some debts and assets in there.
I thought there was more than the two companies, but it was probably the name changes that I'm thinking of.

Cowslip · Dec 5, 2019

Did anyone go and view anything??

bovrill · Dec 5, 2019

Cowslip said:
Did anyone go and view anything??

Was that today?
Damn, I missed it. I'd better log in later and stick my bids on stuff!!

Cowslip · Dec 5, 2019

bovrill said:
Was that today?
Damn, I missed it. I'd better log in later and stick my bids on stuff!!
Yes it was today.

Keane gunner · Jan 9, 2020

The very same. Worked there last harvest.

Chae1 said:
Are these the same skeggs as skeggs straw?

Used to produce some entertaining YouTube videos.

Keane gunner · Jan 9, 2020

Bullring said:
Considering they bale a lot of straw they don't have many tractors or big square balers.

Have about 8 tractors and had 4 square balers until one of the new krones and 826 burnt up last summer.

Keane gunner · Jan 9, 2020

holywell farmer said:
Skeggs don't run a chopper?

Own a big X 770

ED.D · Jan 9, 2020

chaffcutter said:
We are owed a fair bit by a farmer and trader contacted through the forum, did a deal for delayed payment and he has basically denied the existence of the agreement, currently going through the court.

How annoying it is when you trust a fellow farmer to act ‘in good faith’, what happened to ‘my word is my bond’.

yeah had a couple of those from here too, make contact give a good speech you think you can trust them but it all ends badly. I feel your pain.

puntabrava · Jan 9, 2020

chaffcutter said:
We are owed a fair bit by a farmer and trader contacted through the forum, did a deal for delayed payment and he has basically denied the existence of the agreement, currently going through the court.

How annoying it is when you trust a fellow farmer to act ‘in good faith’, what happened to ‘my word is my bond’.

The only two people I trusted I have buried. People never fail to let you down.

bovrill · Jan 9, 2020

Keane gunner said:
Own a big X 770

Not any more, they don't

fieldfarmer · Jan 10, 2020

bovrill said:
Not any more, they don't

Don't sound like they did back then ether!

Keane gunner · Jan 20, 2020

bovrill said:
Not any more, they don't

The do. It's still sitting in his yard. He bought it back along with a few of his trailers. Was talking to him last week.

fieldfarmer · Jan 20, 2020

Keane gunner said:
The do. It's still sitting in his yard. He bought it back along with a few of his trailers. Was talking to him last week.

Probably on finance, and the merrygoround will start again.

Essex contractor bankruptcy

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100% I’ve had enough of farming!

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