Tanfield Share Discussion Threads

[orange1] 30/11/2015 22:12

Well you hadn't when I posted! ;-)

[m.t.glass] 30/11/2015 22:01

I included that ;-)

[orange1] 30/11/2015 21:48

> M T Glass

Don't forget his association with Lovely Bubbly!

[orange1] 30/11/2015 21:46

To be fair the company told us on 13 November that he was to be a Non-Executive Director of Tanfield Group Plc.

He has been the Company Secretary since April 2014 and has a thorough knowledge of the business, dealing with the day to day issues of the Company.

He is 38 years old and previously held the post of Group Financial Controller of Tanfield from October 2002 until March 2008 during which time he was a key member of the senior management team, working closely with the Board in all areas of the business. Since then, he has been a director of Penshaw Consultancy Ltd where he has provided business support services to a number of companies, both privately owned and publicly listed. He is also a director of Tutum Group Limited.

What else do you need to know?

[m.t.glass] 30/11/2015 21:45

Quite possibly a Stanley stooge or at least a close associate of - having been associated with Tanfield, Optare, Darwen, and Lovely Bubbly (all Roy Stanley companies) for many years. according to Linked-in

Summary
Experienced accountant / interim consultant with extensive strategic and tactical skills in a variety of industries including working closely with a number of Public Limited Companies.
Experience

Company Secretary
Tanfield Group PLC
April 2014 – Present (1 year 8 months)Newcastle upon Tyne, United Kingdom
Business Consultant / Accountant
Self Employed Consultant
June 2007 – Present (8 years 6 months)
Various roles assisting Companies including acquisition advice, bank financing assistance, treasury management, grant applications, preparing and monitoring management information packs, financial forecasting and budget control, KPI's, monthly and annual accounts prep, overseeing statutory audit work, new company start ups and various other activities.
IPO's including:
- Lovely Bubbly Holdings Plc : Plus (2007)
- DataSMS Holdings Plc : Plus (2007)
- Darwen Holdings Plc : AIM (Feb 08)
- TYI Holdings Plc : Plus (May 08)
- Optare Plc : AIM (Jul 08)
Interim CFO / Consultant
Optare PLC
August 2007 – May 2013 (5 years 10 months)Leeds
Interim CFO
- Pre pack acquisition of the East Lancashire Coachbuilders to create Darwen Holdings
- AIM IPO in Feb 08 of Darwen Holdings Plc
- Acquisition of Optare in Mar 08 securing £12m of bank funding
- Reverse takeover in Jul 08 merging Darwen and Optare and relisting as Optare Plc
Consultant
- Various institutional fundraisings
- Treasury management
- Financial project management of the merger of 3 sites in to a new single factory
- Overseeing due diligence and securing strategic investment/acquisition by Ashok Leyland
Financial Controller
Tanfield Group PLC
September 2002 – June 2007 (4 years 10 months)Durham, United Kingdom
- Responsible for all financial reporting, budgeting, mgt accounts, statutory accounts prep & audit
- Overseeing relationships with banks, professional advisors, stock brokers, institutional investors
- Management of 14 staff
- Reverse takeover by Comeleon Plc of Tanfield Group Ltd
- Acquisition of SEV Group, SFI grant and relocation of the business
- Acquisition of Norquip and Saxon Specialist Vehicles
- Acquisition of Upright Powered Access, SFI grant and relocation of the business from Ireland
Software Consultant
TSG
January 2000 – August 2002 (2 years 8 months)Newcastle upon Tyne, United Kingdom
- Installing new financial systems for small, medium and large enterprises
- Data conversion, report writing, data interrogation
- Fixing data corruption
- Providing telephone support
Accountant/Auditor
UHY Torgersens
September 1994 – January 2000 (5 years 5 months)Sunderland, United Kingdom
- Planned, coordinated and supervised audit engagements
- Preparation of annual statutory accounts
- Preparation of client management accounts
- Preparation of VAT and corporation tax returns
Skills

Top Skills
6Management

4Change Management

2Finance

2Accounting

2Strategy

1Process Improvement

1Restructuring

1Management Consulting

1Business Strategy

1Business Planning

Daryn also knows about...
1Mergers & Acquisitions
Consulting
Business Analysis
Business Process
Financial Analysis
Financial Reporting
Due Diligence
Start-ups
New Business Development
CRM
Auditing
Coaching
Project Management


EDIT: A bit more on UHY:
UHY Torgersens provides accountancy, tax and business advisory services to clients throughout the north east of England and southern Scotland. We are a member of the UHY Hacker Young Group, a top 15 UK wide accountancy network of 26 offices, with 100 partners and around 500 professional staff. With three offices, in Sunderland, Newcastle and Jarrow, we are ideally placed to serve your needs.

[multiplural] 30/11/2015 21:13

I was asking recently if anyone here knew the background of the new board member Darin Robinson. Apparently noone does. I have checked and can't really find out why and how he became our representative, and how he is representing us. Is he just a substitute for Mr. Stanley and directed by him? Any information would be welcome. I feel this company totally lacks responsability towards the owners.

[cool_hand] 27/11/2015 19:06

hxxp://www.bizjournals.com/kansascity/print-edition/2015/11/27/smith-electric-vehicles-out-of-juice.html

After much fanfare, a presidential visit, a failed IPO, and millions and millions of government and private money, SEV is in deep financial trouble. And its leaders have made themselves scarce.

[evil_doctor_facilier] 27/11/2015 14:54

Poor 'Literally' old aim mug punter and QPP share ramper Mt getting strung out as usual again, this time on Tan.

[sorksandnorks] 26/11/2015 10:54

M.T. Many thanks for the clarification - much appreciated!

[m.t.glass] 26/11/2015 10:24

sorks - it isn't advfn data. And it's not incorrect. This is a hybrid sets/mm stock. What you are seeing is labelled the 'current' price, not the mid-price (though it sits in the same column as a midprice would). It refers to the last trade of a particular type (the last AT trade) which went through at 17.75p

The bid/offer prices are fluid, the so-called 'current' price (the last reported AT trade) is static and will change only if the next AT trade price differs.

It is a very confusing system! But not wrongly displayed.

Click the 'Help' tab (top right) and select 'Trades' to see trade types explained.
Despite making my living from share dealing since 1997, I still find trade classifications and data presentation modes complicated!

[sorksandnorks] 26/11/2015 09:16

If the mid price is 17.75, how can the offer price be 17.5? Come on ADVFN - sort yourself out!

[multiplural] 25/11/2015 13:13

Does anyone in here have any knowledge on the new board member Daryn Robinson?
Any details on past history etc.?

[cool_hand] 23/11/2015 20:34

Market always knows, this is a very leaky company, they always tip off their mates.

As it stand this is not happening anytime soon.

[a2584728] 23/11/2015 20:19

Snorkel may not happen anytime soon, if it was a cert the buyers would be all over this.

[m.t.glass] 18/11/2015 11:28

I would not be surprised to see Roy Stanley embark on yet another adventure, away from Tanfield Group, as soon as the Snorkel proceeds are banked. But will he dare come to the market to fund it? I suspect he might.

[cool_hand] 18/11/2015 10:38

On the money as usual M.T.

[m.t.glass] 18/11/2015 07:43

multiplural - your take on EVERYTHING is that a Snorkel sale is imminent, and always has been. If a director changed the colour of his shoelaces I imagine you might see that as further evidence. Some day the sale will occur - but I hope you won't have the nerve to claim credit for predicting its timing, since you have guessed at its imminence so often. But I imagine you will ;-)

I totally accept the possibility that his departure may be cgt related ahead of an imminent sale, as jam2day said. But my own take includes the possibility that Roy Stanley's sudden exit is related to the agm outcome 24 hours earlier. An extra director was appointed before it, then two significant resolutions were ditched, and Roy went next day.

[vauch] 18/11/2015 07:02

no more hair brained ideas this co once made electric milk trucks and through many years of incompetence here we are today just run into the ground by greedy people.

[cool_hand] 17/11/2015 22:40

Why did he resign? What is going to happen to TAN once all of this is sorted? De-listed? Or will they find some other hair-ball scheme to throw the money into?

[multiplural] 17/11/2015 22:03

My take is that this is a clear indication that a sale of Snorkel is imminent. By handing shares over to trusts I guess Mr. Stanley can save a lot of capital gains tax.
I hope we will see a trading update on Snorkel very soon, it can only be positive judging from all indicators available for the industry.
Beats me why someone sells at these levels whereas I quite understand the buyers.

[cool_hand] 17/11/2015 20:41

Are this lot employable? Ever?

[vauch] 17/11/2015 19:00

Id like to thank all of them for running this co into the ground

[orange1] 17/11/2015 16:15

>M.T.Glass

That is exactly what I thought: the two events are probably linked.

[cool_hand] 17/11/2015 15:08

850,000 share just dumped!

[m.t.glass] 17/11/2015 15:05

Could be. Clearing the decks in readiness. Or could be his huffy reaction to the withdrawal of items 4/5 from the agm voting agenda yesterday?


The Company announces that Roy Stanley has decided that he feels it is the right time for him to step down from the Board and with immediate effect he has resigned his position as a director of the Company.

Jon Pither, Chairman of Tanfield commented "As the founder of the Company the Board would like to warmly thank Roy for his hard work, dedication and all he has contributed to the Tanfield business. We wish him well and every success for the future."

Roy Stanley has informed the Company that on 17 November 2015 he has distributed 10,218,590 ordinary shares for nil consideration to members of his family and family trusts. After this distribution Roy Stanley and his immediate family, being himself, his spouse and trusts in which they are trustees or beneficiaries will be interested in 8,129,319 Ordinary Shares, representing approximately 5.4% of the Company's issued share capital.