Isaac Poads in receivership

Discussion in 'Agricultural Matters' started by Birchfarmer, May 14, 2019.

  1. Birchfarmer

    Birchfarmer New Member

    Anyone else been caught by these sharks ?
    I did !
    Have dealt with for 5 years ( 5 years trading as a farmer also)
    No warning spoke to them on the day they folded,never mentioned it when I asked where the money was they said it was on its way,it’s just wrong!
    I’m embarrassed to say,I didn’t see it coming
     
  2. spin cycle

    spin cycle Member

    Location:
    north norfolk
    brewers?
     
  3. Birchfarmer

    Birchfarmer New Member

    Brewers on the same phone number are still trading
    Grain traders gone into administration same people, parallel company set up on the back of the grain trading.
     
  4. Goffer

    Goffer Member

    Location:
    Yorkshire
    As in Isaac poad at York ?
     
  5. Birchfarmer

    Birchfarmer New Member

  6. Goffer

    Goffer Member

    Location:
    Yorkshire
    Last Accounts didn’t show anything short must have been quick emptying the coffers . I always worrying when I’ve 8-10 load of rape owing even though I spread it between 3 or 4 . One year 10 load of rape came to £118k
     
    Flat 10 and Chae1 like this.
  7. 4course

    4course Member

    Location:
    north yorks
    almost unbelievable, long standing company, they became more involved in the production side of brewing rather than supplying malting cereals I think . The beer I had under their label last year was like nats pixx mixed with vinegar so no surprise if thats the reason, we used to do a bit with them years ago only stopped when the rep retired. initials R.G. pleasant fellow as I recall
     
  8. Side-show Bob

    Side-show Bob New Member

    Location:
    North Yorkshire
    We also use to deal with Poads, stopped about 7 years ago. Had a chat to our ag bank manager and gave him a list of people we were selling grain to, Poads was the only one he told us to be wary of.
     
  9. jon9000

    jon9000 Member

    Location:
    yorkshire
    When did you find out. ? I knew last Thursday but darnt post it if it was wrong. Guy near me loaded out 4 lds of wheat day before he found out
     
  10. David.

    David. Member

    Location:
    J11 M40
    Somebody in these companies must know the roof is about to come in, if they had a shred of decency they would stop intaking grain.
     
  11. EddieC

    EddieC New Member

    If you have been affected by this and you are a member of the NFU please ring their call first number. Their legal team are looking into this and they need a list of affected members.
    upload_2019-5-15_14-48-0.jpeg
     
    Flat 10 likes this.
  12. glasshouse

    glasshouse Member

    Location:
    lothians
    Always make sure u owe them more than they owe you
     
  13. David.

    David. Member

    Location:
    J11 M40
    Can you offset when the receivers move in?
     
  14. jendan

    jendan Member

    If the bank manager was telling everyone the same thing,then no wonder they folded! If it was your business and you knew a bank manager was telling people not to trade with you,probably justified in suing him.
     
    Walton2, Flat 10 and capfits like this.
  15. Goffer

    Goffer Member

    Location:
    Yorkshire
    Trade talk is there main man for over 3 decades left not long since taking a lot of the malt business with him. 3 month plus to pay should off sent the alarm bell ringing .
     
  16. bert

    bert Member

    Location:
    n.yorks
    We dealt with them, seemed to get slower and slower at paying, so used them less and less over the last couple of years, thankfully nothing sold to them recently.

    I don’t know how much money they have put into brewing, I think it’s brewed at another local smallish brewer.
     
  17. Johnnyboxer

    Johnnyboxer Member

    Location:
    Yorkshire
    Blimey that is a surprise, as they have been going for ages - 6 generations and incorporated after WW1

    Used to sell BOCM Silcock feeds as a merchant for them on the 1980's and 90's

    I thought the beer making would be a good add-on

    Sad to hear this
     
  18. renewablejohn

    renewablejohn Member

    Location:
    lancs
    Only works if you have a specific offset clause and they have agreed to the terms in writing and you can prove it.
     
  19. glasshouse

    glasshouse Member

    Location:
    lothians
    Yes, but possession is 9 tenths of the law.
     
  20. renewablejohn

    renewablejohn Member

    Location:
    lancs
    Not if the receiver knows where the asset is.
     
    Renaultman likes this.

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