Euro Car Parts snaps up LSUK
Author: Robin Brown
Published: 01 October 2008
Euro Car Parts has acquired Pinco 1555 LTd, more commonly known as LSUK, including all 53 of LSUK's 53 branches, together with subsidiaries M I Diesel Products, Protech Automotive (UK) and Yeovil Rewind.
Euro Car Parts says the move secures LSUK's future and 600 jobs.
Euro Car Parts Chairman, Sukhpal Singh commented on the acquisition, "Euro Car Parts has proved its ability to grow organically in difficult times. The purchase of LSUK will further accelerate our expansion and support our quest to provide the ultimate in quality and service to the automotive aftermarket.
"Previous acquisitions by Euro Car Parts have shown our willingness to invest in the staff and fabric of companies, so as to bring them up to the same market-leading standards that have gained Euro Car Parts many awards for customer service throughout the industry."
LSUK Divisional Director, Shaun Darke, who spearheaded the LSUK team forming this new partnership said, "As far as I was concerned, despite several parties showing a real interest in LSUK, the company that stood head and shoulders above the rest was Euro Car Parts.
"As a demonstration of their commitment and focus on the acquisition of LSUK, they called in over 30 ECP directors, senior managers and advisers. Everything necessary was actioned over the weekend and the entire acquisition process took no more than 48 hours."
Click here for an update on this story.
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What a laugh!!!!punch of liars pretending that everything is fine.
Liars
what a load of shit all branches closed this weekend loss of 600 jobs thanks singh
dont trust a word singh says 600 jobs lost in less than a week
hogwash all 53 branches shut saturday loss of 600 jobs thanks singh
Cruel Euro car parks did not have the bottle to tell us the were clsoing the branch they changed the locks and left a note
thanks singh 600 jobs gone despite empty promises
well that statement looks rosie, pity it doesnīt match whats written on our gates and other branches gates with all the locks changed
You do realise that theyīve gone into Administration so all creditors can whistle. Then the administrator has sold the business on!
if they aare securing jobs,why have they locked out staff at all l s uk branches?? i agree with you gerry, what a load of liars!!
be wary of indian lead take overs, they lie. talking from experience
After buying the business a week ago, Singh has crashed the LSUK business and put 600 people on the street. So much for all his promises/ press releases.
monday 6th october 2008
ALL Lsuk branches in the uk had their locks changed over the weekend and no staff are able to get in to their work at all whatsoever,locks were changed at every depot over the weekend with no prior warning.depot managers were meant to have attented a meeting last week which was cancelled at the last moment.What are Euro Car Parts playing at??? this has left many LSUK employees angry and upset and have no idea what`s going on.
To quote mr singh...
'Previous acquisitions by Euro Car Parts have shown our willingness to invest in the staff and fabric of companies, so as to bring them up to the same market-leading standards that have gained Euro Car Parts many awards for customer service throughout the industry.'
...service??? what service???
http://news.bbc.co.uk/nolpda/ukfs_news/hi/newsid_7654000/7654190.stm
absoulte rubbish...false promises, disgusting employee service!! and how devious to go behind our backs, i wouldnt be suprised if half the emplyees no longer want to go back!
lsuk lucas have had a long history of doing the same dirty deed the staff now crying have in the past assisted in doing the same trick ie northallerton hartlepool etc
lsuk killed itself keeping the same worn out management no investment for the future but stll backpatting incometent management and ripping off customers
mr singh be ashamed be very ashamed playing with peoples lives like this honest man ? i don!t think so you have no heart
its not just mr singh that does the dirty on staff i worked for lsuk 36 years at 2.50 one friday i was told i was redundant i was home with my tools at 3.30
Not surprised with anything Shaun Darke has an involvement in negotiating.
Really gutted. Took on a new mortgage in may. Just cant believe the underhand way it was done! ! guy had 10.000 worth of tools inside. Do ECP take business advice from a MR Swann?
would all members of the management team / please pat yourselves on the back a job wel done
that beats anything that finalist ever did
sold down the river !
ask mr singh about assests stripped out of the business during his week in charge before he sold the employees down the river
i once told several members of the management team that my daughters pet rabbit could do a better job than they could for any one intrested the rabbits name was fudge. point proven
singh no different to lsuk i was made redundant after 40 years service
underhand liars
playing with peoples jobs and livelyhoods.
in the past lsuk have closed 16 branches in the same way
in the past lsuk have closed several branches in the same way SINGH no worse than lsuk
Euro Car Parts are not incompetent, they know what they are doing and this stinks! Donīt be suprised to find they set up a buying company, then let it crash so they can buy it for nothing - again. They seem to have bought computers, then took them out before it went bang. The close down was planned before they bought the place I reckon. Recently, Wembley ECP Head Office was raided and many staff taken away. If a firm can condone that, what do you expect when they do this. Suppliers should boycott ECP.
Singh came to the office last week, clapping his hands and letting everyone know our jobs would be safe!! Thanks a lot Singh
Angry of lack of communication from the old management set up, agree with alot of comments made above - disgusgted!!!! Mr Singh are you sleeping happy tonight!!!! I am not nor are my family. LSUK lets stay together and win this battle.
Anyone bet that the administrators sell the business to ECP or that they have the customer lists from LSUK, check their accounts in detail, scary
lsuk was dead in the water years ago,most of the staff were only there till they claimed their pension,their batteries were rubbish and their customer service was laughable....good riddance
i feel we all been let down at gloucester after all our hard work by our leaders
the whole thing smells bad. They all need to be investigated.
the lsuk management should be ashamed they have been paying massive salaries to senior managers and abusing the system, disgraceful.
sold down the river after 39 years of sticking with everthing they through at us,dont know how singh can sleep at night. (iīm alright jack).
ECP are now saying that branch managers knew this on Friday. They created this farce so should put it right instead of blaming the good amount of hard working staff this company had. They can have things back when I get a P45 to sign on with.
absolutely peed off. no job,no money.
what a bunch of liars.
went out and got ratted. then home to watch telly.
'as far as I was concerned, the company that stood head and shoulders above the rest was Euro Car Parts'
Ten out of Ten Mr Darke!
Picket all the Euro Car Parts sites & ensure their customers know how dishonourable they are
What a bunch of incompetent idiots at Euro Car Parts Limited. If this is the way they run their business hopefully they will be next to go.
For many years successive management teams have failed to realize the true potential of LSUK. This untapped potential is the highly skilled technicians and the workshops that offer specialist services that no other parts factoring business have to offer. If this had been realized and the correct investment made then value added services which could have been marketed to commercial, retail and large business accounts would have truly differentiated LSUK from others and made it a market leader in the UK. By not realizing the potential all LSUK could do was to try and compete in a very overcrowded low margin high volume non genuine parts business. Its a real shame and my thoughts are with all those who have lost their jobs.
with a good heritage lsuk became just a ragbag of mismanaged managers mistreating staff,customers and suppliers.now it is seemingly a pawn in some sort of short selling financial conundrum.
Iain - actually only 2 of ECP staff were illegal out of 500-600 people.
This is a real shame and the end of an era and yet another great company robbed out.
I feel for all the hard working staff. Always a pleasure doing business with Yeovil branch. You will all be sorely missed.
Lets hope jobs come along soon and the persons responsible are brought to justice!!!!
What about all that stock that was taken out over the weekend by ECP, was that all paid for?
Never using ECP again. Bet they got what they needed last week, customer lists, stock, etc.
Some interesting comments above but here are some facts:-
1. The most recent LSUK management team have worked very hard to turn the fortunes of this business. The business was making good progress over the last two years and while it was still trading in losses the losses had reduced from Ģ2.2m two years ago to Ģ140k last year. (This is a fact, check companies house).
2.Because of the losses incurred over the previous years the business was always short of cash and this restricted the level of cash that could be invested in the business. Although salary increases were paid in the last two years and new vehicles were leased. In addition there was significant investment in the upgrading of some of the premises.
3. The Directors of LSUK (that were actually employed by the company)were not particularly high earners and were probably paid in line with the industry average. The Directorīs didnīt have company cars.
4. On average suppliers were getting paid quicker than they were last year, albeit slower than could be considered satisfactory. Due to the economic climate suppliers were wanting paid quicker but the cash was not available to satisfy their requests for quicker payment.
5. There was several parties interested in purchasing LSUK but only one could complete the transaction in the required timescale and eventually that deal came to nothing.
6. Euro Car Parts then stepped in and a deal was done for them to take the business as a going concern. Not all of the LSUK Directors met with ECP to discuss the deal, although all Directors knew the basis of the deal. Some of the LSUK Directors have still not met Mr Singh of ECP.
7. When did ECP decide to put the business into Administration? Well, thatīs a good question. They requested keys to every branch on Tuesday morning, this was then followed by the fuel cards being cancelled, the phones being cancelled and of course the Friday / Saturday visit to Wembley being cancelled. I guess we will never know when the decision was taken.
8.In summary, LSUK was a business that was improving. The losses were reducing but it still was not generating cash hence the difficulties. It had to be sold and in the end the only people interested (in the timescale) were ECP.
Why blame ECP, it is quite clear that LSUK was being run into the ground by the people that was supposedly running the company. Singh is a shrewd businessman and obviously saw that LSUK needed a lot more investment than he first thought. Look at the LSUK directors to apportion the blame
What a bunch of liars....They have split up a great team of employees...but dont worry they will be able to sleep
told on the thursday my job was safe find out mon they had other ideas. only had a short spell with lsuk but.... i would like to invite managers to come have a drink with 600 of my unemployed mates to see how well liked you are i think you know the answer
thanks for nothing
from all 600 of us
one thing i have learned from daytime tv is the guests from jeremy kyle would probably have more of an idea how to run a buissnes
This all seems to have been premeditated and set-up. Someone must be getting money out of the whole deal, the creditors have lost literally millions. The situation needs investigating. If everybody tells what they know then justice should be done. There are laws about this sort of thing.
Clarity, you seem to know whats going on..... ECP knew what they were up to!! reduces their competition....
Dear Clarity Yes, a lot of us know that LSUK was greatly improving as the 31 March 2008 acounts show. And yes, we know that it was the bankers who pulled the plug on the overdraft and demanded their money back quickly. Yet, LSUK could have continued. A deal could have been struck with the suppliers to pay off the old debt over a period of time and to go forward paying in normal terms.
We, the suppliers, would have supported this. So why did Grant Thornton do this terrible deal? And WHEN did they do it? Were the suppliers deliberately set up? Have computers and stock really been removed from the branches? Does anybody have proof of this?
All he brought it for was the AA contract, now heīs got it, **** everyone else! He should be ashamed of himself and made aware of what he has done to all of LSUK.
iF SINGH HAD NO MONEY FOR US WHY HAS HE JUST BOUGHT PARTCO? OR ARE THEY NEXT?
Was it ECP who bought LSUK or was it an ECP Company to allow them wriggle room. Now the administrators are in where have the computors gone and are ECP intitled to them or do they belong to the ECP Logistics which seems to be a dormant company. What is the sitution creditors and staff get on to the backs of the admintrator to ensure things ainīt hidden in a puff of hot stuff.
i worked for lucas lsuk from 1970 till2002 when i was made redundant i wastold by the manager id got a good deal 5000 and it was only a job good riddance to l suk
the management team are responable for this sorry state creating jobs for the boys egotistical bombastic and incompetant when i worked there a constant threat of redundacy those clowns have a lot to answer for
How do i get my car back?
They have it locked inside.
I,
have they done a deal with partco??? on dear..
Should be making a big apology to Sealey loaded all the branches with thousands of pounds worth which he knew would not be paid and now Energy batteries are gone as well.
All queries should go to his mansion paid for by underpaid poorly treated staff PR 1
i worked in st austell depot till 1990 for 3 years, and dealt with the depot ever since in my 2 jobs since leaving, good service,good staff, good friends. feel really gutted for all people who have lost their jobs. the training i received from them still helps me now in my job.
ecp set up another company to do the buy out. they seem to have it all planned, get everything they needed and then get out. keep hearing about things such as the computers, stock, etc being taken... we will have to wait and see what else unfolds
must be sale of the century for euro car parts. buy lsuk for the sum of Ģ1.00 under the condition you pay the wages for one month Ģ800000. take all the new computer system out aprox 4 millions worth including software, hand the keys back to the receiver good deal when you can get away with it and legal to what a bargain.
Always a warm welcome at the St Austell branch and always so helpfull, gutted to pull up outside this morning to find the place closed and a notice on the door. Good luck to all of the St Austell team.
the diesel workshop at lucas lsuk was always propping the rest of the company up but was never allowed its full pottential our manager often took a pump lad off a job to deliver say a set of wiper blades or a battery the diesel foreman used to protest but to no avail totaly missmanaged
alan smith of lsuk edinburgh or nicki, derek or gordon please contact ribblesdale auto preston mark duxbury 01772 796047,or can anyone pass on there contact details please
i worked(until monday) for lucas iīm gutted not just for me but also for my branch memberīs in the portslade branch.i now dont have a job but also no toolīs cause there locked in the building and the reciever sayīs iīve got to prove that the stuffīs mine !!when is said i have one of your vanīs and was going to keep it until i get my toolīs and stuff they said it was against the law to do that i feel like driving it through the door!!!!as for someone posting that they were laid off on friday afternoon i really hope this isnt true and i am 100% sure that my manager didīnt know as he rang me on sunday afternoon to tell me about the lockīs and that when he went down there he was told to get lost by locksmiths the years that some of the staff had given to lucas one had done 47
three had done over 30
three over 20
three between 10 and 20
two othherīs 5 and 6
and that was just at the portslade branch
iīm going to drive the lucas van through the garage doors as they wont give me my toolīs back
A lot of companies could learn a lot about service from the Glasgow Branch. Thanks for a great service for many years.
** DELETED **
to 'spare some change'
Despite some of the negative comments about other branches; since opening an account in the early ī70s, Iīve never had anything but great service from the friendly lads - and lasses - at Portslade [and Crawley/Hove before it.]
All the best in getting your personal tools back ASAP and please pass on to David, Tersh and the others my best wishes for whatever the future holds.
All your friends and customers are gutted by whatīs been done to you.
After working for lsuk / Lucas since 1978, I now find myself trying to fill out forms to claim for benifits that I have paid into for years but didnīt actually expect to have to use, or try and prove my eligibility to claim them, especially under so short notice! I have been robbed of 30 years, along with so many other good, hard working people. I wish you all good luck and the best of British. What a shambles.
The previous management ran the company down.
The accounts were signed off by a small accountung firm and a few days later lsuk ran out of money, a little suspect.
The management put LSUK into administration and all staff were screwed.
LSUK management sold a crock of shit to ECP from administration, at least ECP paid the previous months salary, they had no obligation to do this.
I heard the previous CEO was paid Ģ20,000 per month, the other directors drove big Mercedes and BMWs.
The heads of these management should be put on stakes out side the head office not poor ECP which tried to save an already f***ed up company.
Dose anybody know for a fact that Euro Car Parts have bought Partco.
never been the same since Lucas sold out. Working for Billy smarts circus would have been a better option for all staff.Good luck everyone,you are better off out of it
somebody verify Kelvin worked for LSUK or the bank, paying himself Ģ300.000 pa
Disgusted how can they treat people like this, they havent thought about young families and sleepless nights If that ecp lot ever move to my town no one would do business with them now or ever
there are several facts that people are missing!
1:LSUK were already in Administration.
2: ECP paid all due wages and rent - aprox Ģ1million.
3: ECP logistics has been setup as a company for ages!
4:EP bought under ECP logistics ltd as there was every plan to keep LSUK as a seperate business/trading name
5: The Whole deal was done in under 4 days and was based on the LSUK senior Team presenting themselves as a good company.
6: Sukhpal Singh paid out for the company and has lost BIG TIME! - a clever businessmen such s singh wouldnt make a mistake easily.
7: ECP didnt get the AA contract
and finaly... if there was always a plan to close LSUK- why buy through ECP logistics Ltd-surely something like that would rather be kept VERY quiet!?!?!
any LSUK staff that are complaining about ECP should shut up and thank Sukhpal for paying last months wages for you! something that your previous owners couldnt afford becuase their bank had called forthe overdraft to be paid back immediatly - ECP were the only company willing to RISK for you guys....
to give us all hope and then just to rip your life apart its just crazy how someone can promise so much then bang its gone.
From what i understand singh bought the company for Ģ1 but on the condition he paid the wages.He knew exactly what he was getting You do not spend approximately Ģ1,000,000 with out checking things first.
I ask myself how people sleep after putting 53 branches of lsuk and 680 staff out of work
i was told yesterday by the reciever that the employees would be let in to get their tools etc first etc only to get phone call today to say that a supplier was in the portslade branch and taking stuff so i rang the reciever (and some of my former work mates) the reciever says says 'no one is in the building'and that i should call the police!! so i went to the branch and suprise suprise the shop is empty! so i rang the reciever only to get told no ones been in there and if they have they have broken in! really cause iīm looking through the window and itīs empty i said you need to get someone here she says theres isnt anyone in the area but she would ring me and she did as a guy in a saab turns up (he works for ecp logistics) and asks us what we want, my tools ! the guy that rung me comes over a says this man let them in, the guy in the saab says yes he did but he doesnt have the keys cause there in portsmouth really says my mate you only left an hour ago total liars then the reciever rings me back and says theres no one in area!! i cannot believe that people can do this with out any comeback
more and more is making sense !
i think both parties knew what was going on before it happened !
hope u can all sleep well to all involved !
i know my wife and i cant !
keep the faith to all ex employees !
and another thing all the vans and cars have no insurance on them,but did they care about that either, NO they did not,and have the cheek to ask us to park them off the road for them because of it,why should we,it is all under handed .
may i wish all the staff at lsuk a very merry christmas and a happy new year,not that it is going to be.
Sealey have collected all their equipment. Ring Mark Sweetman (MD) on 07799473106
come on all you LSUK employees,get togeather and name and shame euro car parts logistics,for what they have done to us,stickers around your towns i say,we have plenty of backing in our area,have a go for fighting what is ours,well we can but try,ecp have a bad name in our town now,and would not be welcomed by our customer list,having been working with the trade for 30 years now,i know who people would believe.the workers
Mr īMe Againī please donīt pretend you speak for anyone but yourself. If you are really an LSUK employee then you know that our business has been in administration far to many times due to the actions of our senior managers and directors in their inability to reinvest in our business. As you should now know ECP paid our salaries (lsuk could not) LSUK was put into Administration by the īPrinceī not ECP, the so called suppliers were not prepared to supply goods to the new LSUK-ECP business..
I READ ON THE NET NO DUE DILIGANCE WAS DONE COME IF IT
MR SINGH KNOWS WHAT HE WAS DOING. HE KNEW FOR A FACT HE WILL
NOT GET THE AA CONTRACT DIRECTLY AS A RESULT OF CLOSING LSUK
BUT HE HOPED THE COMPANY HE IS PLANNING TO TAKE OVER WILL.
THIS WAY MAKES LSUK NON SELLABLE. TAKE ALL RECORDS; MAKE THEM BANKRUPT SO TAKES OUT COMPETITION AND ALONG WITH THAT ALL THE SMALLER SUPPLIERS WHO WERE OWED MILLIONS.
NOW MR SINGH AND ECP HAS THE BIG MARKET, NO COMPETETION FROM LSUK OR FROM THE SMALLER OPERATORS IN THE SUPPLY CHAIN.
Singh was sold a pup, Chris Swan did the same to CVC, Unipart instructed lawyers to take legal action against Partco directors, if they had waited another week, Partco would have gone for a Ģ1, history has shown the industry is crooked,falseifying books, except hard working loyal staff, Mr Sukhpal Singh PAID LSUK STAFF!!.. Thankyou.
phoned the insurance company, we are insured, LSUK paid up front for the year.
Really gutted and very upset what ECP has done, He walked around head office on friday 3rd Oct telling us all that are jobs are safe and not to be worried,saturday he changed the locks. Bare face liar.
ME AGAIN -
how about you give Mr Singh back your last months wages - he paid them - then you can bad mouth ECP as much as you want!
untl then.... stop being 2 faced!! - ys you lost your job but you have LSUK Senior team to thank for that!
Awake to a phone call saying there are people in my old branch Sealey and Ngk have been and gone. When I asked the two guys if they worked for Tenon they said no Euro!They let me and my staff get stuff but still got to meet tomorrow?Gets crazier by the minute!
I WAS A VAN DRIVER FOR LSUK PLEASE HAVE YOU ANYMORE INFO ON THE INSURANCE OF THE VEHICLES,AS THERE IS A VAN SAT ON MY DRIVE,AND I FOUND OUT LAST SATURDAY THAT THERE WAS NO INSURANCE ON THEM AT ALL,THE PLOT THICKENS,AND JUST WHO DO WE BELIEVE,IF THEY DONT HURRY UP AND GET IT,I JUST MIGHT HAVE TO DRIVE UP AND SEE THIS MR SIGNH FOR MYSELF ..... ANYONE ELSE WANT TO COME ALONG
same happened in perth !
the whole thing stinks !
What about the LSUK directors making a statement to their loyal staff through this site.?
I was in the Edinburgh branch today getting my belongings. What really hacked me off was the guy from Euro Car Parts was in there letting the suppliers get their stock back. This was the same guy who popped into our branch on Friday to introduce himself as the local ECP rep then sat in his car outside for 30 mins taking notes. Was this teapot a spy? He must have knew this was happening next day but he shook our hands and smiled praising the tidiness of our branch (which we had busted doing our butts cos we were expecting Mr Sukpahl to visit in his helicopter). Im totally gutted to loose a job i enjoyed doing. So up you sukpahl.
LSUK Headoffice, hereīs what I know is fact. After the withdrawal of all financial support for LSUK by both itīs former investors and the bank, the business was set to go into Administration on Sunday (the day before the payroll). In a last ditch attempt the bank contacted any possible interested parties, however stated that any purchase would have to be completed inside 4 days otherwise the business would be put into administration. ECP were the only interested party, and the only people with the available funds who were prepared to purchase the business on face value only and incredibly do no due diligence. Sukhpal took the word of the LSUK Directors that they could rally the suppliers, staff and customers and could get the business rolling again. All monies were transferred on Sunday night including the Ģ1.2M payroll.
When the dust settled on Monday morning 22 senior ECP Managers finally got to see what they had bought. This is the point that clearly all was not as it seemed. The valuations were incorrect, many suppliers refused to supply the new LSUK-ECP business, the LSUK Directors started to fight amongst themselves and began hindering the whole process.
ECP were banking on the support of the both the senior management team and the LSUK suppliers. ECP had no available senior managers within itīs own business, and anyway truly wanted to run LSUK as a going concern with the existing teams in place.
After just 4 days it became apparent that what ECP had purchased, was not what they got and the promised support from the LSUK management team and from suppliers was just not going to happen. Having already paid out millions, ECP was left with no alternative but to place LSUK back into administration.
Take my word on this, ECP will loose millions and make nothing.
All stock is currently being collected by suppliers, all technicians equipment is available for collection tomorrow. ECP are buying no part of this business from the administrators.
and thatīs what really happened..
i have dealt with LSUK for many years as a customer, i ordered 12 batteries which never turned up so i rung them up i had no answer tried for 3 days till 1 of the lads phoned me with the bad news,i was very saddened too hear the bad news the lads who i dealt with at our local branch were great bunch of people very helpfull, best of luck to all ex employees.
today i have been told some ex LSUK staff have been very silly taking stuff thats not theirs to take, come on guys you know what u have taken do u think u will not get a visit from plod! think about it, u took stuff that was not yours, why give us ex staff a bad name, you are muppets and its people like u who got us in this mess doing your cash jobs via the back door. I have worked for LSUK for 15 years and i dont want muppets like u taking the good name away from those of us who now only have our respect from customers and staff. Give what u took back and show people the better older ways of LSUK.
You have no idea about the events which took place, Mr Singh paid our wages last month, all the directors pay themselves large amounts of wages, which the company could not afford or astain.
I had worked for LSUK as a rep for 7 years, I loved my job and was exceted about the take over and the future that we had. On Sunday at 8.80am I had a phone call from a fellow rep saying there was a note on his branch! I went and saw the letter on our branch door! I ended up phoning the branch staff and my manager, what a thing to have to do!!! Now waiting till 3pm to be allowed into the branch to colelct my belongings.. the branch has been stripped. If it is in the hands of TENON recovery why was it ECP staff that were in the branches overseeing the removal of stock...in our branch there was no signing for goods, suppliers were just clearing the shelves and the amounts in value that they were told we had bore NO resemblance to what was there...Why hasnt the administrator kept us open running with a few staff to try and sell the business as a going concern? if there are interested parties as we have all been told in the Tenon Recovery letter to all Redundant employees??? surely it would have been better to keep it open - seeing as all of the telephone lines are still connected? Why are they still working??? I would like to personally thank all of our customers who have given us there support - after all people buy from people - I have had over 35 calls from customers asking how the staff are, and what we are doing? I wonder what the outcome will be for the 53 branches? Does anyone think that ECP will take them over cheaply from Tenon!!!!! lets be cynical, HQ would have closed 110 redundancies, w/shops would have closed approx 200 staff redundant...how much would that have cost ECP Logistics?????put it into administration and the Government pay!!!!! easy get out clause!!!
Holly, a Ģ3M loss and loads of bad press.. an easy get out clause, I donīt think so..
Holly, the stock would have been given back to the suppliers anyway as most of them had Retention of Title clauses in their terms and conditions..
John, I undefrstand about the Ģ3m loss, bad press etc,and the fact that the stock has now gone back to suppliers is understandable, but does anyone think that the branches will open? and yes I am greatful that Mr S Singh paid our wages last month, before anyone mentions that.
so nice to see my old friends
and colleagues today but i seem to have missed the workshop staff as the man from ecp had let them in to the branch to get there tools they went in about 11 this morning and the rest of us went in at 3.
the man from ecp also seemed to tell us the truth about our own management staff had done the dirty on us not ecp as every body thought
lsuk were in trouble a long time before ecp stepped in .but as none of our suppliers would supply us they had to close it down such a shame that our own people did the dirty.
Branch gutted today same state as my staff wish everyone all the best and thanks for your support .Hero in a halfshell!
I think Sukhpal Singh knew exactly what he was doing, Holly hit the nail on the head.
Ex rep, I am sure ECP staff are going to stick up for their boss, to keep him sweet so he deosnīt do the same to them, Mr Me Again, Sukhpal paid the wages so he could get in the doors of LSUK, as for all the directors in their big houses, along with big houses come big mortgages, this has hit everyone from the top of the ladder down to the bottom, if the ecp logistics (LSUK) is in administration then why are ecp letting everyone in the branch, surely it should be down to the administrators to say who has what, not Sukhpal
your all perfetic he bought it trying to save the company he wanted to be nationwide because adding another 50 branches would help him achieve this. and no he didnt make any money he lost millions and millions of pounds due to the fact that the books were a all totally wrong.
why dont you spend less time on stupid websites and go looking for a job
you never know you could get 1 from ecp(positions are availlable).
LSUK were nearly gone anyway so you all knew you lot just all got your hopes up thinking that euros were going to go to the rescue but you the company was too far gone for example the diagnostics equipment were 1.5million pounds down in stock let alone anything else.
Some1 from ecp, you spell perfetic, pathetic, this is perhaps why you are some1 from ecp, you still dont answer the question, why is ECP saying who has what and not the administrators?
quote:some1 from ecp
'your all perfetic'
if you want to stand up for your boss who`s put everyone out of a job please may i suggest you learn some grammar and go get a dictionary my friend. these people on here are angry and do not need a PATHETIC attempt at a slap down from the saturday morning coffee boy.... did you clean mr singhs shoes to his liking today??
Why did ECP let us in to claim belongings and not Tenon recovery as they are the receivers and the company is in administration. The branch was stripped out when we arrived with not much left anyhow the only peeps with keys were ECP and the locksmiths, strange how Tenon donīt have any. Lets hope those at the top have sweet dreams, I know we have had none this week with no money coming in and tiny mouths to feed and not knowing when will will get our redundany paid!!!
you all need to wake up & smell the coffee cause all singh tried to do was keep you alive but truth be told your own employers was the ones who tried stiffing you because they were keeping you in the stone age just like your company was. If you want the truth you need to thank singh for rubbing the sleepy dust out of your eyes & waking you up to reality you morons x x x
ex lsuk driver. yes! the company was struggling, yes! suppliers were refusing to deal with lsuk. ecp threw us a lifeline for one week, we should all have seen it coming, we didnīt!
to turn up on monday to find padlocks on entrances and jobs instantly gone was a shock to most (except those in the know!!!!) at least we got last months wages and are now being sent redundancy claim forms etc from tenon.sadly if lsuk hadnīt gone down now it could have been next month or the next month---- there is never a good time to be unemployed.
i want to wish all ex-staff luck in finding new jobs asap perhaps our paths will meet elsewhere. seeyall
Been a delivery driver for them for 22 years and have same feelings as everyone else. Regarding the vans my one has been on drive since the closure and Iīm going to charge them Ģ10 per day for storage. I think that everyone else should do the same.
to ex LSUK driver.
i am also a van driver and the same is happening here i have a van sat on my drive,and your right i have put in writing along with my form that i am going to charge them per day for storage,and i have not heard a thing as to when they are going to collect it,and i can assure you that the insurance has lapsed on all vehicles as it says in the letter we recieved,and i was told over the phone to park it off road,so the longer it stays here the more i charge them.
and may i point out some1 from ecp,that you are lucky to have a job,and yes we are out there looking for a job,and there is nothing,believe me we dont want to be in this state,and this website is the only thing where we can see what all our other ex work mates around the country are saying,if we had our jobs we would not be on here.
what the hell as been going on at HQ LSUK directors paying them selfs silly money, how we used to cut cost at the branch to help the company and directors screwing the company they could of took half there pay and would of helped the company with profits there not ture company directors just out for them selfs
I work for BBC News and we might be coming to Sheffield tomorrow to talk to people about the LSUK takeover and job losses. If anyone wants to take part in this discussion please email me at lesley.day@bbc.co.uk.
Many thanks.
as an ex driver fom lsuk i can honestly say i am shocked at the spelling mistakes made in these comments by staff, i just read the ex branch managers remarks above amongst others higher up the page. as a neighbour who had read these said to me earlier 'itīs no wonder your company was struggling if thatīs the sort of educated people working there' I did defend us ex workers but-------
It was a very sad day last Monday when LSUK staff arrived for work, they was met with a freephone telephone number and a sign stating due to unforseen circumstances this business has closed, this may be the case, the current climate today, lots of companies are struggling, I think it is the underhanded way this was done that has upset LSUK staff and made them very angry. As for managers of branches, they was none the wiser either, some of them paid out monies for travel to London that was īcancelledī last minute, will they get that money back??? Doubtful. It still astounds me why ECP are deciding who has what and not the administrators, the person know as SHOCKED, I couldnīt agree more, the punctuation and grammar is horrendous. Mr Singh is the only winner here, as far as I can see. Good Luck to all LSUK staff and best wishes for the future, whatever it holds,
Please look at these points without Judging.
1) To clarify ECP paid the wages for last month and EXPENSES including directors and regional managers, they would have stopped paying the higher paid staff if the intention was to put the company into administration, or just paid the wages telling staff they would work out the expenses in a few weeks.
2) The Company was put into administration on 29th September and this can only be done by the DIRECTORS of LSUK who represent the employees.
3) Tenon is independent and is following legal procedures. They are in charge and the fees for administrators are priority before the rest of the creditors.
ECP Audit team managed by Tenon worked independently and covered the branches which is costly and difficult for Tenon to open the branches to let suppliers pick up the retention of title stock.
Doing this reduces Tenon costs and benefits creditors which include employees.
4) The Branches are empty because suppliers were owed more than Ģ10million when LSUK directors put the company into administration on 29th September. The branches held only Ģ4millon of this stock, suppliers needed to cover the losses and collected quickly.
5) This website is anonymous and ECP employees have been told not to comments. Defenders of ECP are doing this emotionally defending their family. This is a good indication that ECP values their employees regardless of what is said in a very emotional time.
5) This unfortunate set of events are not a good thing or something to be proud of by anyone, director, employee, supplier, customer, investor, both LSUK and ECP.
A sad event for all and no-one should blame or point fingers. Understandably LSUK employees are emotional as they continue to be effected personally.
I hope and pray anyone who has not yet found employment find employment before Christmas, to do this we need to look forward on what needs to be done not back at what should have been done which was always out of our control.
And in years to come I hope we all look back at LSUK and ECP without horrid feelings, in time hoping we only remember the positive events in our lives.
We should always remember that we are better off than millions of people around the world in Africa, China and Iraq.
God bless every one of us.
to: spere some chage for ex electrician and others.
Can I add a few comments please....Having been asked, as a supplier, over the last 3 or 4 years to supply LS UK I did so on a next day delivery basis expecting to be paid within 30 days. I then found myself chasing a īpaymentsī department in Sheffield and receiving lots of excuses for non-payment especially when Iīd supplied to the Glasgow and Bristol branches. Payment was only recievd after legal action letters were sent to the branches. I would never again risk my business or waste a day in my workshops rounding up an order without prior payment.
Secondly, LS UK staff have and still a lot of knowledge - why not move on in each area and set a small business offering a bettter and cheaper service to existing customers?? Internet, Yellow Pages....go out and there and set yourseves up...itīs not rocket science.
Thirdly to the van drivers holding vehicles on thier driveways....you could be accused of holding someone elses property...a vehicle could be removed by the leasing companies. Also, it wonīe matter if you raise a bill for storage of a pond or ten pound, when assets are sold off a queue forms of creditors, top of the pile are Inland Revenus and VAT followed by the Tenon recovery - they donīt work for free - the fees are taken out of the pot including auctioneers fees.
The other thing that put customers off of using LS Uk was the counter prices - when LS UK charged megga bucks in Sussex other smaller companies were far cheaper and just as good - itīs down to competition - LS UK didnīt seem to want to compete.
Any ex Portslade Staff might think about joinging Brighton & Hove Buses. Iīs worth a phone call.
to: spere some chage for ex electrician and others.
Can I add a few comments please....Having been asked, as a supplier, over the last 3 or 4 years to supply LS UK I did so on a next day delivery basis expecting to be paid within 30 days. I then found myself chasing a īpaymentsī department in Sheffield and receiving lots of excuses for non-payment especially when Iīd supplied to the Glasgow and Bristol branches. Payment was only recievd after legal action letters were sent to the branches. I would never again risk my business or waste a day in my workshops rounding up an order without prior payment.
Secondly, LS UK staff have and still a lot of knowledge - why not move on in each area and set a small business offering a bettter and cheaper service to existing customers?? Internet, Yellow Pages....go out and there and set yourseves up...itīs not rocket science.
Thirdly to the van drivers holding vehicles on thier driveways....you could be accused of holding someone elses property...a vehicle could be removed by the leasing companies. Also, it wonīe matter if you raise a bill for storage of a pond or ten pound, when assets are sold off a queue forms of creditors, top of the pile are Inland Reveneus and VAT followed by the Tenon recovery - they donīt work for free - the fees are taken out of the pot including auctioneers fees.
The other thing that put customers off of using LS Uk was the counter prices - when LS UK charged mega bucks in Sussex other smaller companies were far cheaper and just as good - itīs down to competition - LS UK didnīt seem to want to compete.
Any ex Portslade Staff might think about joinging Brighton & Hove Buses. Iīs worth a phone call.
Thanks as a small company the Ģ3000.00 they still owe me hurts. It should not be allowed.
We have supplied LSUK for the past two and a half years and have always found them difficult in terms of payment. They have always sent in debit notes like there is no tomorrow. If a debit note system was not in place they would have gone bust 12 months ago - I for one would never employ some of them if they were the last accounts people on the planet.
I for one and pleased they have gone - and thats from the branch managers through to the idiots at the head office.
They have been offering LSUK around for the last 8 months knowing they are in effect bankrupt. Good ridance to a rotten company .
Well I really dont know where to start. Maybe by not blaming e.c p maybe look at the management. Paying themselves bonus paid on turnover not profit. So you could make a loss and still get paid. The thing I feel sorry is all the people I worked with for 30 year who got paid off by management. To all those people I worked with. All I can say is good luck in what you do next. Peter 1103
As an ex employee i was horrified to hear about the treatment of my friends and ex colleagues. LSUK seem to be run on a wing and a prayer ever since day one, i am glad i got out when i did. I wish everybody who has been effected good luck in their hunt for work.
I think u, Mr 'some1 from ECP' & a few others need to get your facts straight.
Yes, LSUK has had itīs faults over the years, but they did not deserve what has happened to them. If Mr Singh was sold a lemon there are a couple of things that need to be cleared up.
If he was going to keep the company, why did he request the keys to all branches the day after he bought them (strange thing to do, dont u think)& all the promises to the staff that they were going to be keeping their jobs & then dumped them all. If there are positions available within his company why hasnīt he offered some to the hundreds from LSUK (not that many would want to work for him, iīm sure).
Also the comments about people gaining access to the buildings (so called illegally) to get THEIR belongings. I would like to point out that it was not done illegally, as the staff had thousands of Ģīs worth of kit in the buildings, being withheld illegally by the administators, as you are legally entitled to have access within 48hrs & some staff had to wait as long as a week. Also I am confused as to why ECP are removing the high value stock from many branches, surely they owned the business, the business went back into administration, so therefore unless owned by suppliers, that stock belongs to the administrators & not ECP, isnīt that illegal then & havenīt they had enough already.
Also what happened to the much wanted AA contracts, donīt ECP supply then now, well that deals got to be worth Ģ9m a year for a start.
When you are commenting on here, please stop & think for a minute about the people that have slogged their guts out for years & been faithful to what used to be a good company, that have now been dumped in the shit. Not all of the employees were in it for the company, but spare a thought that there were some good, loyal ones & some great profitable, well run branches.
People are obviously not thinking of the huge knock on effect that these closures will have on other companies too, i.e the lose of Protech & the work they carried out on MOT equipment, could cause these facilities closures too.
I just hope that the top guys in this deal can sleep at night. The truth will out, a lot of unanswered questions will be resolved & there will be a lot of people eating their words, donīt forget youīve been told ECPīs side of the story, but the people who where on the other end seem to have more info.
what i find strange is that the people who ran lsuk then get good jobs with other companies ?
i wont let them run a tap !
all seems to have gone rather quiet on this site now,is there anyone still out there,im sure we would all like to know how we are getting on.
all the workshop kit has been sold
what happens to the remaining stock that is left in the buildings now,after all the suppliers have gone,does e c p collect all that as well ??
how many of our LSUK staff have found jobs now
I AINT GONE QUIET, PH V TENON THATS ME, I BOUGHT A WEBSITE A FEW WEEKS AGO WWW.LSUKECP.COM THATS THE PLACE FOR US ALL TO KEEP IN TOUCH HORROR STORIES AND ALL, MY GRIPE IS WITH THE ADMINISTARTORS, WE ALL KNOW WHAT THEY HAVE DONE, AND IF YOU DONT THE FIRST IS THAT THEY ALLOWED THIRD PARTIES TO REMOVE LSUK ASSETS THAT WOULD HAVE OTHERWISE BEEN USED TO PAY ITS CREDITORS, I THANK ECP FOR PAYING US AND SAY 'AGAIN' TENON HAVE ACTED IN A WAY THAT SHOULD BE REPORTED, THE LORD CHANCERY SOUTHAMTON IS THE FIRST, IF YOU STILL KEEP IN TOUCH WITH EX CUSTOMERS TELL THEM NOT TO PAY AN INVOICES UNTIL TENON PROVIDE PROOF OF DELIVERY, LETS GIVE THEM A KICK IN THE NUTS, HOPEFULLY THEY WILL HAVE A BIGGER HEADACHE THAN ECP
YOU ALL KEEP IN TOUCH I HAVE LOST A LOT OF MATES AND WOULD HOPE MY SITE BRINGS US TOGETHER AGAIN, ONE MORE THING QUINTEL HAZELL ARE AFTER SALES GUYS/DOLLS IN THE MIDLANDS
GOOD LUCK ALL
Ex lsuk plymouth are attempting to start a new business. Are there any electricians interested in relocating for a GOOD employment package.
cant get your website to work bud ! can you post a link ?
to just waiting,i can`t get your website to work either have you any more info in it please
i am totally pissed off with whole situaton finally got in to retrieve tools etc only to find anything that was mine with sealey missing. ecp man sayīs that sealey took the stuff(about 400 poundīs) and giveīs a form to make a claim against tenon so i ring them. what a waste of time everyone i speak to sayīs why are you ringing me who gave you my number etc !! still no redundency money or job seekerīs .anyway at the weekend got an email from someone from head office saying they have two solicitorīs from sheffield willing to get involved if thereīs enough ex staff interested might be worth a punt even if it just pisses people off!!!!if you worked for lsuk it might be worth getting hold of your manager he should have the email address
tony w
whats the GOOD package ?
tony w
whats the offer then ?
i m interested in getting involved !
can you post the e-mail addy !
what we need is our own forum set up and lets get the ball rolling !
Head offices lines are still connected with HR and Payroll answering same as Yeovil Rewind.
what is going on!
Ex electrician
Sorry, partner has decided not to go ahead and I cant afford it on my own. The e-mail for lsuk help is lsukhelp@hotmail.co.uk
website still being built, it should be up and running by weekend, anyone interested in the crusade against the administrators can send me an e mail, I will then forward the details to you, 'the battle isnt lost yet' we now have some legal beagles on the case and they will sniff out the short comings if any of the administrators Tenon, e mail me at phil.handley17@btinternet.com
Hi, its me again, just found the site is up and running again, can someone please help What does ' mean?
to spare some change for an ex electrician.
what do we have to do to get involved with the solicitors,if someone is willing to help us,im sure we would all have a go,why should we be left in this state,can you give me anymore information please.
hi erchie,i would be interested in our own forum,can we have some more people please to get us started
lets us know when its up and running man !
the address is in tony w post just send them your name email or phone number etc which branch you worked at etc and that your happy for them to use your email etc and they will get back to you good luck
has anybody checked there bank account today ?
why ?
whatīs happend to the ecp website ? has it been moved ?
erchie.
yes i have checked my bank account,and its looking better than a few days ago.but i have had no letter of account of what it`s for, as of yet.a nice surprise though.
think it`s just the redundancy money
all lsuk ex employees,there is a help email address for us to register our details on,came from head office,please contact as many people you know we have a solicitor working for free for us,need as many people as we can to join,
not a good idea to put the email address on here we need genuine lsuk only.
mary
i have no letter to explain what it covers either .
just another example of how well they are handling things .
was a nice surprise though .
erchie or mary
was it your redundency money then ?
was it what you were expecting ?
Letter was recieved by myself today laughable.
Mr P Smith still picks the phone up! NOT A JOKE
i have my letter now it covers the redundancy,3 days wages that were owed to us and any holiday pay up to the date we finnished that was not taken. and thats it. have to wait for the next claim form for anything else
Dingbro in scotland have snapped up most if not all LSUK scotlands branch managers and integrated them into their company.I also believe they have employed at least one electrician aswell..
Good luck to these people
could all the ex lsuk employees stay in contact somehow,would be nice to hear from everyone.there is a site on face book in anyone is interested
whats the address then
whats the addy sally ?
hi erchie.
the website is www.facebook.com.... then its in search... find lsuk workers a job.
if ant probs let me know or leave your phone number and i will text you with it.only if you want to that is.
got it ! i m on !
well done erchie,glad you found it ok, and are we the only two left on here now !!!!!!!!!!!1
have all vehicles been collected now??
looks like it sally !
no
has every body found a job now.i hope so
i have not found a job yet,only 2 out of our 6 in the branch have found jobs,and i dont know if all the vans have been collected, they were having trouble in finding them.took them over a month to come and collect mine,and then i had to keep onto them,i cant find you on face book erchiei would add you to my friends list.
bye for now
www.lsukecp.com Clifton auto 07891 883712 new contact address Hello anyone out there still, if your self employed now good luck if your still looking good luck if I can help in any way give me a call
hi phil handley, i have just popped onto this site to see if anything was going on,all gone quiet now, i am still out of work, and there is nothing doing in the south west here,i takr it that your working now,think everyone has gone over to facebook site.
Hello Lee, must try facebook, you might want to think about self employment mate, its better than 50 quid a week, take care mate all the best mate
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so much for safe gaurding jobs.What a load of liers.