*** Breaking news***Philips Collection services up for sale ***

[letsmakeamark]

Word is it that philips is up forsale by its owner as it is having serious financial problems. Oh well i am guessing jbw will buy them out and try to get their own back on westminister ?

[padja]

perhaps CAG can bid for it

[ploddertom]

Is it on a 99p, No Reserve or Best Offer on Ebay

 

PT

[brassnecked]

Is it on a 99p, No Reserve or Best Offer on Ebay

 

PT

 

Isn't that 50p if you Buy It Now

[postggj]

will the new owner still have the DVLA contract and all those SORN turkey fines

[letsmakeamark]

Yes it would include all of their current contracts. That is why i said jbw group is ready for this. they usually buy out companies whos contracts they want. However it is still to bee seen what happens ?

[brassnecked]

I wonder if the DVLA and other contracts may have to go back out to tender, due to EU regulations, but they would probably ignore this, and carry on regardless like Westminster CC did with their parking contracts

[letsmakeamark]

Possibly.

[brassnecked]

Possibly.

 

They wouldn't let that little detail bother them, any more than they stick rigidly to the guidelines when collecting debts imho

[letsmakeamark]

What i have let out is so small compared to what will hit the fan soon. Also of course no one has yet come forward to deny or admit this from the b a i l i f f world ?

[seanamarts]

Hmm wonder what will happen to all their bailiffs?

[letsmakeamark]

Well if jbw take it over then no probs. However i cant see why someother company will not take over like ccs was taken over by rundells parent company. wouldnt be surprised if they took this over if jbw have sour grapes.

[tomtubby]

This story has been circulating around the bailiff industry for the past few weeks. Philips has one of the HMCS Contracts and they also have the Westminster parking enforcement contract which is due for renewal next year.

[letsmakeamark]

Probably why they can see tough times ahead.

[tomtubby]

I am quite certain that JBW would NOT be the buyer.

[fork-it]

That is why i said jbw group is ready for this. they usually buy out companies whos contracts they want.

 

 

That wont work. Westminster will terminate the contract because it made the contract with Phillips and not with whoever buys Phillips.

 

You would better to form your own company and bid for Phillips contracts.

 

Phillips will be a difficult business to sell due to its highly litigous nature, and now evidently, its not lucrative.

[fork-it]

Hmm wonder what will happen to all their bailiffs?

 

 

1. Re-employed with the new management, or

2. Get together and buy it out.

3. Form their own company and run off with all the clients.

4. Work for a rival

5. Get a proper job.

[seanamarts]

5. Get a proper job.

I highly doubt any of them know what that is

[brassnecked]

Well they could have transferrable skills within the removals industry, but as the housing market is depressed they may be better signing on for JSA, and getting into debt, then dealing with their ex fellow bailiffs who will call on them to recover unpaid council tax.

[letsmakeamark]

Rumour is now that philips has been sold. Does anybody know who to ?