Crawshaw Share Discussion Threads

[scotty boy] 15/11/2018 17:55

Playful

hopefully Mick Charles on 85k who actually has been a major factor to the demise of the business buying very poor quality products and feathering his own nest will be held responsible as i stated i would relish the opportunity to confront the man

[scotty boy] 15/11/2018 17:29

Playful
Is there any hope of investment regarding the Rotherham factory I think not due to the running cost when is The statement going out from administrator's regarding Rotherham

[scotty boy] 15/11/2018 16:30

Vicarage13

There was a conference call this morning playful would have been informed as been a major investor in crawshaws

[owenski] 15/11/2018 14:35

"Last night my Mrs went in for some sausage for tea and their displays were back to normal, filled to the brim"

Did you take your ration coupons, sounds like you're still living in the 1940's ;-)

[vicarage13] 15/11/2018 12:28

It will be today then Playful
If we don’t hear anything bad today in regards the staff then it will be looking a bit better for them

[playful] 15/11/2018 12:12

Vicarage13, the administrators won’t want the staff hence the reason why I reckon we’ll hear something this week.

[playful] 14/11/2018 17:57

They have been going hell for leather on FB today so they might have an idea who the winning bidder is or perhaps it’s their last hurrah who knows.

I’m confident we’ll see something this week.

[mcmather] 14/11/2018 08:50

They were actually selling 2 cooked chickens for £5/£6 total.

[richardwhite1] 14/11/2018 08:43

No not as a fresh chicken -probably GP 25% IE £2.66 but yes if added value-cooked on
rotiserry £6.00/£7.00 (66 -71%)if part of ready to eat snack sandwich etc GP 70-80%.
GP would depend on what is added in cost of sales appart from raw material.
Crawshaws bought alot of short shelf life meat/chicken which should have elevated GP.

[tripplesenior] 14/11/2018 05:47

So in effect, you would buy a chicken for £2 and sell for £10?...

[richardwhite1] 13/11/2018 18:11

No nomal catering margin is 70 to 80% ie Raw material times 4.5 to 5.0
Crawsahws had a mix of 60% fresh meat and 40% cooked catering sales.
with 40% @ 80% and 60% @ 50% = 62% average. They got about 40% GP. Needed 7% more to
achive break even. Wages about 20% of sales.

[tripplesenior] 13/11/2018 17:39

I think your margin calculations might be a bit off Richard, making 80% profit is like turning rocks into gold

[richardwhite1] 13/11/2018 17:23

As an ex profitable owner manufacturing butcher, I find it hard to see how their GP was so low with a mix of cooked and catering products that should have raised the margin to 80% for part of the mix. i.e. 40-50% for fresh meat and 80% for cooked/catering.
Giving an expected margin of 60%.
Too late now -what will be left for shareholders??.
Cannot recall shareholders being asked about a writes issue!
The administrators seem to have acted decisively very quickly if part of a predetermined plan.

[playful] 13/11/2018 14:56

Under the circumstances I would be surprised if any of the remaining outlets
are trading profitably today.

The administrators are prohibited from allowing a loss making business to continue trading so we should start to see more closures announced unless they get a deal concluded this week.

[salchow] 13/11/2018 10:27

Just out of interest as someone who never invested but who has watched this for a long time do we know what has happened to the much vaunted profitable factory shops. How many have been closed or kept open.

[fred the shred] 12/11/2018 19:55

So in summary of the various senders posts below this buyer - Mick Charles - has sourced cheap and nasty quality products from suppliers who he is good friends with. Question is why??His actions has seen sales tumble and stores fail across business and 300 employees made redundant . Im guessing mention of a Turkish holiday means this has been provided by one of these 'chosen' suppliers - can this be confirmed??The massive payments to this Nelson contractor must be easy for administrator to check as accounts must be visible.spoken to couple of ex employees. The guy is hated and seen as 'little' bully and backstabber. his view of JV also poor - 'overpaid gardener'. This guy tried to work wonders in short space of time to save business!!Appalling.

[sid share] 10/11/2018 20:27

You can have a look at Crawshaw group accounts here. Look at page 14 of the 2017 accounts “ Report of the Remuneration committe” Noel Collett (Lidl man) £334,000.00.

[owenski] 10/11/2018 20:21

"I not allowed to comment on this forum or any other 😂 or I will be in high court"

So who's gonna pay the legal costs? The bankrupt Crawshaws? Maybe they can barter their legal costs with out of date chicken fillets, only dropped once. lol

[scotty boy] 10/11/2018 20:10

Playfull

I am willing to go to high court due to the fact everything I have said is true and the majority on this forum think the same with the email I am in receipt of i feel i am going to pursue it myself and i am going to post on this forum

[playful] 10/11/2018 19:54

I would contact the administrators and ask for an explanation. They will need permission to pursue you and that's not happening.

[scotty boy] 10/11/2018 19:34

I have been informed by crawshaws I not allowed to comment on this forum or any other 😂 or I will be in high court

[sid share] 10/11/2018 19:11

Scotty - look for yourself the figure is from the filed accounts at companies house. It’s public information you or anyone can look to confirm. Figures like wage role are easy for auditors to confirm so it’s NOT wrong.

[scotty boy] 10/11/2018 18:56

Sid share

Actually nc was on 160k and finished in October