Flatland guy
Member
- Location
- Lincolnshire
Checked at companies house, all done and dusted now the director of redrock is a director of KTwo machinery ltd as of yesterday.Anyone heard that redrock have bought ktwo?
Checked at companies house, all done and dusted now the director of redrock is a director of KTwo machinery ltd as of yesterday.Anyone heard that redrock have bought ktwo?
Anyone heard that redrock have bought ktwo?
Can’t see any real problem with Redrock paint. Anything we’ve got/had seems fine.Hopefully the new company keep on the KTwo painters then
I'm only ever grinding paint off & KTwo paint always seems to take about twice the time to grind back to bare metal than any other manufacturer whether its the paint itself, their painting process or their prep even on their older kit - it has always been decent which I attribute to the painters themselves - hence I was giving them shout out.Can’t see any real problem with Redrock paint. Anything we’ve got/had seems fine.
I’m sure if its a going concern & they can then they most likely will if its viable. The thing is if everything KTwo done (as a business) was good then this thread wouldn’t exist & they’d still be trading.I'm only ever grinding paint off & KTwo paint always seems to take about twice the time to grind back to bare metal than any other manufacturer whether its the paint itself, their painting process or their prep even on their older kit - it has always been decent which I attribute to the painters themselves - hence I was giving them shout out.
Painters are also usually one of the trades that suffer in a take-over with the effort to streamline & cut costs
Really good news hopefully will protect jobs in the uk and take the company forward.Surprised its taken this long
Plenty of good businesses go bust - cashflow is the killer, I'd say KTwo made excellent products, sold at a price to compete with others so had decent market share, probably had a lot borrowed for the expansion, and were therefore perhaps more vulnerable to a downturn in sales and increased interest rates which very quickly spirals. A business with more reserve can weather a storm.I’m sure if its a going concern & they can then they most likely will if its viable. The thing is if everything KTwo done (as a business) was good then this thread wouldn’t exist & they’d still be trading.
Be Redrock branded muck spreaders before long,I doubt the K2 name would carry on?The site will be worth millions for redevelopment for commercial units or houses, if it’s owned by the old directors then I’m guessing selling the site will be a nice retirement payout. I doubt production will remain in an area that is expensive for rent and labour.
They off loaded that to manitou and it almost broke them too !Thought redrock ran out of money years ago too. Spent too much on pivot loader at the time!
It's great how they spin around. What was k2 worth though. Might not cost too much to buy them. May cost alot more to run it.They off loaded that to manitou and it almost broke them too !
Brave move in current climate especially as they could have just started making muck spreaders anyway ……. You have to wonder who the hell is foing to buy a muck spreader apart from a big contractor these days anyway …..
Hmmmm imo bad idea in current climAte .bit like barnshaws section benders, buy up the competition
Must be about 15 years ago. Bought out by what I assume is still the current owners. Sammy Hughes who was one of the people who started Redrock then set up Newrock. Don’t think thats trading anymore either.Thought redrock ran out of money years ago too. Spent too much on pivot loader at the time!
You'll need a few to get the good of the bmBrave move in current climate especially as they could have just started making muck spreaders anyway ……. You have to wonder who the hell is foing to buy a muck spreader apart from a big contractor these days anyway …..
the original Redrock went bust in 2010,Must be about 15 years ago. Bought out by what I assume is still the current owners. Sammy Hughes who was one of the people who started Redrock then set up Newrock. Don’t think thats trading anymore either.