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[weliveliketrumpatstonehouse] 02/8/2023 22:57

Goffer.

Not many shop floor left over both sites. We don't make anything. More accountants.

Quite ironic really isn't it

[weliveliketrumpatstonehouse] 02/8/2023 21:26

Cheers Goffer.

We are not the only ones to be done dry as you know.

[sclgoffer] 02/8/2023 17:05

Sorry no party as all our income was passed on TWD each month.

Very sad for all the shop floor workers at TWD.

Good luck to them ( but not to the BOD)

[weliveliketrumpatstonehouse] 02/8/2023 17:00

Good work goffer.

Will it be a party?? Hopefully the administrator doesn't find anything and you can pay your own bills.

Anyway fair play, hopefully Stevenage can move on and get sold. I'm gunna get a job. Any going at your place??

What are the owners like??

[sclgoffer] 02/8/2023 16:53

Good news for us at SCL…we ARE Not in Administration. Go to to LSE site for the full news.
Read & weep TWD

[ales dange] 02/8/2023 16:10

And this spells the end. The RNS is somewhat vague at best, plus it is not up to TWD to decide who is and isn't part of the administration, especially as Stevenage will be seen as an asset. An administrator will want the best value for the creditors and if the Stevenage sale does not meet the best value it too will go.

[ales dange] 02/8/2023 00:19

Hi welive, well I can’t comment on Mr Bukake or the managements exploits at Stevenage, albeit they do not appear to have performed at all well over the past 12 months or they wouldn’t have been put up for sale or lost a lot of money. But if they are making statements outside of an RNS, especially relating to TWD or the group, then they sure had better be prepared for the consequences. Statements about listed companies are strictly for public domain on LSE. As a company with clear association to TWD (mentioned in their own 2021year end filing) they have to abide by regulatory standards. I’m sure they and us investors will find out soon enough. Right it’s late afternoon here and 30 degrees so I’m going to hop into the pool before going out with the family for a meal. Enjoy all & keep us informed.

[weliveliketrumpatstonehouse] 01/8/2023 16:43

That doesn't sound good. From what I've heard here I'm not surprised about Stevenage.

MD Mr Bukeke and management are loose cannons I'm led to believe. Still when this place goes into administration they go as well as its part of group. FACT

[ales dange] 01/8/2023 16:31

Welive, that could be true, but suspect it’s probably more serious, especially as TWD are still listed on LSE, any statement a company makes in public must be cleared through an RNS. Very serious I’d suggest.

[weliveliketrumpatstonehouse] 01/8/2023 16:05

What the statement the MD is worth the money. That's untrue

[ales dange] 01/8/2023 15:44

Ohdear, I am still in the states visiting my daughter but have to agree with your comments. What is interesting is that a friend from the city has just let me know about a statement being made by Stevenage which they have made public being partially or wholly untrue. Looks like they are going to be in a serious spot of bother. This whole mess seems to be getting deeper.

[weliveliketrumpatstonehouse] 26/7/2023 15:53

Absolutely oh dear, That's what people say here. It's had every chance and funding. The MD there and production team have failed.
Why would so many external sales leave and go to competitors.

RIP

[ohdearohdearohdear] 26/7/2023 15:26

There is no "tech" at Stevenage. It is just a bog standard, run of the mill PCB manufacturer. Many companies can build better, faster and cheaper. The big margins disappeared in the 1990's when a lot of production moved to the far east.

Not sure why anybody would want to buy SCL. It isn't as if they will be picking up an order book or loyal customers. Some of the equipment will get flogged off. That's about it really.

[weliveliketrumpatstonehouse] 26/7/2023 13:27

I'm sure certain individuals will be OK should it open again in some form.

Getting money from anyone will be hard for both trackwise and Stevenage.

Sorry you lost out

[ifaze] 26/7/2023 11:54

I'm sure both companies will go bust and I'm out of pocket by more than most - but someone is going to snap this tech up for a song and someone needs to make stuff for the new owners.

[weliveliketrumpatstonehouse] 26/7/2023 11:29

Doubt it Ifaze. No orders, customers lost confidence.
In my opinion both companies go bust.

Management hang your heads at twd and Stevenage.

[ifaze] 26/7/2023 09:54

I suspect most employees will be employed by the new owners.

[maverickps123] 26/7/2023 08:05

Sad times!

[weliveliketrumpatstonehouse] 26/7/2023 07:10

Let's not forget us staff that will lose jobs. Here at twd the promises were amazing from management and look. Nothing!!!!

At Stevenage I know the MD simply has not performed at all. Terrible performance for his first year.

One question to BOD. CEO CFO.

How have you and Stevenage MD kept your jobs when your performance and decisions have been so bad??

[ales dange] 26/7/2023 00:20

Bagpuss you’re 100% correct, the whole group has been mismanaged. TWD & the Stevenage site have been run appallingly. If they are bought out then it’s a con, and us investors have been duped massively. If the management of either company attempts to buy the business then serious questions need to be asked about why it was allowed to happen when us investors have lost a lot of money. Maybe we need to consider legal action against all sites to stop it from happening. I am currently in the US visiting my granddaughter, but interested to hear others opinions.

[kinwah] 26/7/2023 00:07

The poor shareholders have been hoodwinked. The last fundraising perhaps was only meant to keep the lights on for another six months. Millions have been invested in the production facilities and now someone will acquire them for a knockdown price. I hope TT Group or another third party buys the business rather than a couple of the current directors but we'll see. Sympathies for the long-suffering shareholders.

[shortcpx] 25/7/2023 17:42

Another Uniaimranger classic.

[bagpuss67] 25/7/2023 15:16

Typical uk mismanagement and failure to exploit a disruptive tech.

[weliveliketrumpatstonehouse] 25/7/2023 13:55

Wow.

Some people got some explaining to do and may get a few knocks on doors at the factory.

Sorry to all those that lose money and jobs.