Wiveliscombe building firm Stacey Construction sheds 60 jobs in cashflow crisis

Stacey Construction in Wiveliscombe.

Stacey Construction in Wiveliscombe.

First published in News by

AROUND 60 jobs are being lost at a well-known building firm based in Wiveliscombe.

Stacey Construction told workers yesterday (April 23) that it was making all its roles redundant but said it hoped to employ roughly half of those affected in ‘new companies moving forward’.

In a statement, the company said: “The news is devastating for all concerned.

“The redundancies have been brought about due to two separate clients not paying their bills.

“These two excessively large unpaid amounts have reduced cashflow over a sustained period, which is no longer a tenable situation.

“It is an unfortunate side-effect of the economic climate that brings such situations out, resulting in many businesses being stripped of cash through no fault of their own.”

Managing director Shaun Stacey said he put the firm into administration* “to attempt to maintain some control” over the next two weeks and bring in further money to the firm.

The petrol forecourt construction division is one part of the business to continue as a new company, Mr Stacey added.

It is also hoped the firm can also continue to support Wivel-iscombe Rugby Club, which it currently sponsors.

The company statement added: “Credit should go to Shaun Stacey and his team who have worked tirelessly to try to do the right thing by everyone, for customers, staff, suppliers and sub-contractors alike.

“Shaun takes some solace from the fact that, while many directors of other companies in the same position move on and leave the mess behind them, he has made his life significantly harder to keep fighting and bring in cash for his suppliers and sub-contractors.

“The lives of those affected by this genuinely matter to him and he has done his absolute best in this respect.”

Mr Stacey said: “Many of the petrol forecourts and also motorway service areas we see today were built by Stacey’s.

“The first one, Sedgemoor Motorway Services Area along with Taunton Deane, are two many of us will have used.

“As a main contractor for Esso, Shell, BP, Roadchef, and Granada/MOTO over the years, Stacey sites extend nationwide across the network of motorways.

“The list is too long to name but you can’t go very far across the country without popping into a Stacey-built forecourt or motorway service area.

“With a small works division and a major contracting division alongside, many of us will have come into contact with the firm.”

The company, based on Station Road, was formed in 1967 by Mike Stacey. As it grew, it was incorporated into a limited company in 1986.

Mike’s son, Shaun, joined in 1983.

At its peak, Stacey’s turn-over reached £20million with the firm employing more than 120 people.

*In the print version of this story in the Somerset County Gazette, we reported that the firm was in liquidation. This change was brought about due to an updated statement sent out after we went to press.

Comments (21)

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1:28pm Thu 24 Apr 14

Mi_Coc says...

Forecourts has always been their cash cow and their construction arm and their newer small division have always been hit and miss expanding one minute and contracting the next.

Having worked for them in past they have operated like this for years expanding the construction arm tendering for projects they aren't specialist enough to deliver and getting in a pickle, shaun is more of figure head of mike stacey always rules with an iron rod and have let shaun be more than a name only director.

They really should stick to what they do best forcourts! Stop trying to be a massive construction company.
Forecourts has always been their cash cow and their construction arm and their newer small division have always been hit and miss expanding one minute and contracting the next. Having worked for them in past they have operated like this for years expanding the construction arm tendering for projects they aren't specialist enough to deliver and getting in a pickle, shaun is more of figure head of mike stacey always rules with an iron rod and have let shaun be more than a name only director. They really should stick to what they do best forcourts! Stop trying to be a massive construction company. Mi_Coc
  • Score: -1

7:28pm Thu 24 Apr 14

Dr Dave says...

Another building firm gone, so sad to see. Hope the lads can find employment - I'm sure many will drop into new jobs quite easily.....site labour is at an all-time low.......whilst directors swan around in their Range Rovers............'n
uff said
Another building firm gone, so sad to see. Hope the lads can find employment - I'm sure many will drop into new jobs quite easily.....site labour is at an all-time low.......whilst directors swan around in their Range Rovers............'n uff said Dr Dave
  • Score: 7

7:47pm Thu 24 Apr 14

Wellington Muso says...

Sad news, yet another hard working company forced into administration through no fault of their own. Mike and Shaun Stacey have worked hard over the years to build a great brand that was highly respected in the construction industry. They ran a tight ship between them and we're real taskmasters, without doubt. Mike started the business all those years ago and back in the early days, was and probably still is, an accomplished mason. His no nonsense approach to work paid off and the business expanded into the thriving empire that was Mike Stacey Ltd, later to become Stacey Construction under the guidance of Shaun. I joined the company many years ago in those early days, just before the big expansion and the construction of the new office complex. Having served seven years as C.M. of the Small Works Division, I write this with great sadness as I have always held the Staceys in high esteem and experienced first hand their tireless hard work and dedication to building the Stacey brand. Huge projects were undertaken all over the country and often completed way before the completion date and on budget, almost unheard of in this industry. They have had their critics over the years but most of the negative comments are probably from those who couldn't hack the tight work schedules, 'sour grapes' or competitors pipped at the post on tender. The future may look bleak but knowing the tenacity of the Staceys, something positive will come out of this. My best wishes to Mike, Gina, Shaun and Gillian.
Sad news, yet another hard working company forced into administration through no fault of their own. Mike and Shaun Stacey have worked hard over the years to build a great brand that was highly respected in the construction industry. They ran a tight ship between them and we're real taskmasters, without doubt. Mike started the business all those years ago and back in the early days, was and probably still is, an accomplished mason. His no nonsense approach to work paid off and the business expanded into the thriving empire that was Mike Stacey Ltd, later to become Stacey Construction under the guidance of Shaun. I joined the company many years ago in those early days, just before the big expansion and the construction of the new office complex. Having served seven years as C.M. of the Small Works Division, I write this with great sadness as I have always held the Staceys in high esteem and experienced first hand their tireless hard work and dedication to building the Stacey brand. Huge projects were undertaken all over the country and often completed way before the completion date and on budget, almost unheard of in this industry. They have had their critics over the years but most of the negative comments are probably from those who couldn't hack the tight work schedules, 'sour grapes' or competitors pipped at the post on tender. The future may look bleak but knowing the tenacity of the Staceys, something positive will come out of this. My best wishes to Mike, Gina, Shaun and Gillian. Wellington Muso
  • Score: 6

8:43pm Thu 24 Apr 14

FreeSpeech? says...

Wellington Muso wrote:
Sad news, yet another hard working company forced into administration through no fault of their own. Mike and Shaun Stacey have worked hard over the years to build a great brand that was highly respected in the construction industry. They ran a tight ship between them and we're real taskmasters, without doubt. Mike started the business all those years ago and back in the early days, was and probably still is, an accomplished mason. His no nonsense approach to work paid off and the business expanded into the thriving empire that was Mike Stacey Ltd, later to become Stacey Construction under the guidance of Shaun. I joined the company many years ago in those early days, just before the big expansion and the construction of the new office complex. Having served seven years as C.M. of the Small Works Division, I write this with great sadness as I have always held the Staceys in high esteem and experienced first hand their tireless hard work and dedication to building the Stacey brand. Huge projects were undertaken all over the country and often completed way before the completion date and on budget, almost unheard of in this industry. They have had their critics over the years but most of the negative comments are probably from those who couldn't hack the tight work schedules, 'sour grapes' or competitors pipped at the post on tender. The future may look bleak but knowing the tenacity of the Staceys, something positive will come out of this. My best wishes to Mike, Gina, Shaun and Gillian.
Lovely bit of propaganda, who dictated that to you?
[quote][p][bold]Wellington Muso[/bold] wrote: Sad news, yet another hard working company forced into administration through no fault of their own. Mike and Shaun Stacey have worked hard over the years to build a great brand that was highly respected in the construction industry. They ran a tight ship between them and we're real taskmasters, without doubt. Mike started the business all those years ago and back in the early days, was and probably still is, an accomplished mason. His no nonsense approach to work paid off and the business expanded into the thriving empire that was Mike Stacey Ltd, later to become Stacey Construction under the guidance of Shaun. I joined the company many years ago in those early days, just before the big expansion and the construction of the new office complex. Having served seven years as C.M. of the Small Works Division, I write this with great sadness as I have always held the Staceys in high esteem and experienced first hand their tireless hard work and dedication to building the Stacey brand. Huge projects were undertaken all over the country and often completed way before the completion date and on budget, almost unheard of in this industry. They have had their critics over the years but most of the negative comments are probably from those who couldn't hack the tight work schedules, 'sour grapes' or competitors pipped at the post on tender. The future may look bleak but knowing the tenacity of the Staceys, something positive will come out of this. My best wishes to Mike, Gina, Shaun and Gillian.[/p][/quote]Lovely bit of propaganda, who dictated that to you? FreeSpeech?
  • Score: 1

11:24pm Thu 24 Apr 14

mansell5 says...

FreeSpeech? wrote:
Wellington Muso wrote:
Sad news, yet another hard working company forced into administration through no fault of their own. Mike and Shaun Stacey have worked hard over the years to build a great brand that was highly respected in the construction industry. They ran a tight ship between them and we're real taskmasters, without doubt. Mike started the business all those years ago and back in the early days, was and probably still is, an accomplished mason. His no nonsense approach to work paid off and the business expanded into the thriving empire that was Mike Stacey Ltd, later to become Stacey Construction under the guidance of Shaun. I joined the company many years ago in those early days, just before the big expansion and the construction of the new office complex. Having served seven years as C.M. of the Small Works Division, I write this with great sadness as I have always held the Staceys in high esteem and experienced first hand their tireless hard work and dedication to building the Stacey brand. Huge projects were undertaken all over the country and often completed way before the completion date and on budget, almost unheard of in this industry. They have had their critics over the years but most of the negative comments are probably from those who couldn't hack the tight work schedules, 'sour grapes' or competitors pipped at the post on tender. The future may look bleak but knowing the tenacity of the Staceys, something positive will come out of this. My best wishes to Mike, Gina, Shaun and Gillian.
Lovely bit of propaganda, who dictated that to you?
You really are a complete waste of a skin. How many other websites do you spend your sad little life trolling?
[quote][p][bold]FreeSpeech?[/bold] wrote: [quote][p][bold]Wellington Muso[/bold] wrote: Sad news, yet another hard working company forced into administration through no fault of their own. Mike and Shaun Stacey have worked hard over the years to build a great brand that was highly respected in the construction industry. They ran a tight ship between them and we're real taskmasters, without doubt. Mike started the business all those years ago and back in the early days, was and probably still is, an accomplished mason. His no nonsense approach to work paid off and the business expanded into the thriving empire that was Mike Stacey Ltd, later to become Stacey Construction under the guidance of Shaun. I joined the company many years ago in those early days, just before the big expansion and the construction of the new office complex. Having served seven years as C.M. of the Small Works Division, I write this with great sadness as I have always held the Staceys in high esteem and experienced first hand their tireless hard work and dedication to building the Stacey brand. Huge projects were undertaken all over the country and often completed way before the completion date and on budget, almost unheard of in this industry. They have had their critics over the years but most of the negative comments are probably from those who couldn't hack the tight work schedules, 'sour grapes' or competitors pipped at the post on tender. The future may look bleak but knowing the tenacity of the Staceys, something positive will come out of this. My best wishes to Mike, Gina, Shaun and Gillian.[/p][/quote]Lovely bit of propaganda, who dictated that to you?[/p][/quote]You really are a complete waste of a skin. How many other websites do you spend your sad little life trolling? mansell5
  • Score: 9

1:20pm Fri 25 Apr 14

Mi_Coc says...

mansell5 wrote:
FreeSpeech? wrote:
Wellington Muso wrote:
Sad news, yet another hard working company forced into administration through no fault of their own. Mike and Shaun Stacey have worked hard over the years to build a great brand that was highly respected in the construction industry. They ran a tight ship between them and we're real taskmasters, without doubt. Mike started the business all those years ago and back in the early days, was and probably still is, an accomplished mason. His no nonsense approach to work paid off and the business expanded into the thriving empire that was Mike Stacey Ltd, later to become Stacey Construction under the guidance of Shaun. I joined the company many years ago in those early days, just before the big expansion and the construction of the new office complex. Having served seven years as C.M. of the Small Works Division, I write this with great sadness as I have always held the Staceys in high esteem and experienced first hand their tireless hard work and dedication to building the Stacey brand. Huge projects were undertaken all over the country and often completed way before the completion date and on budget, almost unheard of in this industry. They have had their critics over the years but most of the negative comments are probably from those who couldn't hack the tight work schedules, 'sour grapes' or competitors pipped at the post on tender. The future may look bleak but knowing the tenacity of the Staceys, something positive will come out of this. My best wishes to Mike, Gina, Shaun and Gillian.
Lovely bit of propaganda, who dictated that to you?
You really are a complete waste of a skin. How many other websites do you spend your sad little life trolling?
Its such tripe the stacey's do not run the company to employ local people they are completely self serving and think nothing of buying expense new toys while making 60 people redundant. Mike strolled around with utter contempt for some staff when I worked there and had they not made him money he would not suffer 90% of his work force.

Its not the first time they have sailed close to the wind they built a shooting club from some of mikes friends and lost a packet and had to lay people off. They are not the friendly locals that some people think they are.
[quote][p][bold]mansell5[/bold] wrote: [quote][p][bold]FreeSpeech?[/bold] wrote: [quote][p][bold]Wellington Muso[/bold] wrote: Sad news, yet another hard working company forced into administration through no fault of their own. Mike and Shaun Stacey have worked hard over the years to build a great brand that was highly respected in the construction industry. They ran a tight ship between them and we're real taskmasters, without doubt. Mike started the business all those years ago and back in the early days, was and probably still is, an accomplished mason. His no nonsense approach to work paid off and the business expanded into the thriving empire that was Mike Stacey Ltd, later to become Stacey Construction under the guidance of Shaun. I joined the company many years ago in those early days, just before the big expansion and the construction of the new office complex. Having served seven years as C.M. of the Small Works Division, I write this with great sadness as I have always held the Staceys in high esteem and experienced first hand their tireless hard work and dedication to building the Stacey brand. Huge projects were undertaken all over the country and often completed way before the completion date and on budget, almost unheard of in this industry. They have had their critics over the years but most of the negative comments are probably from those who couldn't hack the tight work schedules, 'sour grapes' or competitors pipped at the post on tender. The future may look bleak but knowing the tenacity of the Staceys, something positive will come out of this. My best wishes to Mike, Gina, Shaun and Gillian.[/p][/quote]Lovely bit of propaganda, who dictated that to you?[/p][/quote]You really are a complete waste of a skin. How many other websites do you spend your sad little life trolling?[/p][/quote]Its such tripe the stacey's do not run the company to employ local people they are completely self serving and think nothing of buying expense new toys while making 60 people redundant. Mike strolled around with utter contempt for some staff when I worked there and had they not made him money he would not suffer 90% of his work force. Its not the first time they have sailed close to the wind they built a shooting club from some of mikes friends and lost a packet and had to lay people off. They are not the friendly locals that some people think they are. Mi_Coc
  • Score: 3

4:37pm Fri 25 Apr 14

Monte54a says...

Having worked for them some years ago I can honestly say I found mike to be firm but fair and an inspiration .
There's no doubt he worked tirelessly to build the company into what it became an amazing achievement considering he started with nothing .
There's not doubt many good business's have gone to the wall in this prolonged recession I myself started my own business some years ago and built it up to become very successfull but this last 6 years have been very tough indeed .
Mike and shaun deserve credit for employing so many people for so long and they will continue and be a success in the future that I'm sure .
Remember the only people that are critical are generally the ones who haven't achieved anything themselves
Mikes determination and drive drove me to start my business and having the confidence to do so for that alone deserves the upmost respect
Good luck (not that you will need it ) mike and gina and shaun (phil carpets)
Having worked for them some years ago I can honestly say I found mike to be firm but fair and an inspiration . There's no doubt he worked tirelessly to build the company into what it became an amazing achievement considering he started with nothing . There's not doubt many good business's have gone to the wall in this prolonged recession I myself started my own business some years ago and built it up to become very successfull but this last 6 years have been very tough indeed . Mike and shaun deserve credit for employing so many people for so long and they will continue and be a success in the future that I'm sure . Remember the only people that are critical are generally the ones who haven't achieved anything themselves Mikes determination and drive drove me to start my business and having the confidence to do so for that alone deserves the upmost respect Good luck (not that you will need it ) mike and gina and shaun (phil carpets) Monte54a
  • Score: 4

6:09pm Fri 25 Apr 14

mansell5 says...

Mi_Coc wrote:
mansell5 wrote:
FreeSpeech? wrote:
Wellington Muso wrote:
Sad news, yet another hard working company forced into administration through no fault of their own. Mike and Shaun Stacey have worked hard over the years to build a great brand that was highly respected in the construction industry. They ran a tight ship between them and we're real taskmasters, without doubt. Mike started the business all those years ago and back in the early days, was and probably still is, an accomplished mason. His no nonsense approach to work paid off and the business expanded into the thriving empire that was Mike Stacey Ltd, later to become Stacey Construction under the guidance of Shaun. I joined the company many years ago in those early days, just before the big expansion and the construction of the new office complex. Having served seven years as C.M. of the Small Works Division, I write this with great sadness as I have always held the Staceys in high esteem and experienced first hand their tireless hard work and dedication to building the Stacey brand. Huge projects were undertaken all over the country and often completed way before the completion date and on budget, almost unheard of in this industry. They have had their critics over the years but most of the negative comments are probably from those who couldn't hack the tight work schedules, 'sour grapes' or competitors pipped at the post on tender. The future may look bleak but knowing the tenacity of the Staceys, something positive will come out of this. My best wishes to Mike, Gina, Shaun and Gillian.
Lovely bit of propaganda, who dictated that to you?
You really are a complete waste of a skin. How many other websites do you spend your sad little life trolling?
Its such tripe the stacey's do not run the company to employ local people they are completely self serving and think nothing of buying expense new toys while making 60 people redundant. Mike strolled around with utter contempt for some staff when I worked there and had they not made him money he would not suffer 90% of his work force.

Its not the first time they have sailed close to the wind they built a shooting club from some of mikes friends and lost a packet and had to lay people off. They are not the friendly locals that some people think they are.
Business people start businesses to make money. That's not exactly rocket science now is it? They employ local people to make their business work, they aren't a charity just keeping people paid. There is absolutely no reason why they should not enjoy the benefits of their success either.
[quote][p][bold]Mi_Coc[/bold] wrote: [quote][p][bold]mansell5[/bold] wrote: [quote][p][bold]FreeSpeech?[/bold] wrote: [quote][p][bold]Wellington Muso[/bold] wrote: Sad news, yet another hard working company forced into administration through no fault of their own. Mike and Shaun Stacey have worked hard over the years to build a great brand that was highly respected in the construction industry. They ran a tight ship between them and we're real taskmasters, without doubt. Mike started the business all those years ago and back in the early days, was and probably still is, an accomplished mason. His no nonsense approach to work paid off and the business expanded into the thriving empire that was Mike Stacey Ltd, later to become Stacey Construction under the guidance of Shaun. I joined the company many years ago in those early days, just before the big expansion and the construction of the new office complex. Having served seven years as C.M. of the Small Works Division, I write this with great sadness as I have always held the Staceys in high esteem and experienced first hand their tireless hard work and dedication to building the Stacey brand. Huge projects were undertaken all over the country and often completed way before the completion date and on budget, almost unheard of in this industry. They have had their critics over the years but most of the negative comments are probably from those who couldn't hack the tight work schedules, 'sour grapes' or competitors pipped at the post on tender. The future may look bleak but knowing the tenacity of the Staceys, something positive will come out of this. My best wishes to Mike, Gina, Shaun and Gillian.[/p][/quote]Lovely bit of propaganda, who dictated that to you?[/p][/quote]You really are a complete waste of a skin. How many other websites do you spend your sad little life trolling?[/p][/quote]Its such tripe the stacey's do not run the company to employ local people they are completely self serving and think nothing of buying expense new toys while making 60 people redundant. Mike strolled around with utter contempt for some staff when I worked there and had they not made him money he would not suffer 90% of his work force. Its not the first time they have sailed close to the wind they built a shooting club from some of mikes friends and lost a packet and had to lay people off. They are not the friendly locals that some people think they are.[/p][/quote]Business people start businesses to make money. That's not exactly rocket science now is it? They employ local people to make their business work, they aren't a charity just keeping people paid. There is absolutely no reason why they should not enjoy the benefits of their success either. mansell5
  • Score: 6

7:58pm Fri 25 Apr 14

Monte54a says...

mansell5 wrote:
Mi_Coc wrote:
mansell5 wrote:
FreeSpeech? wrote:
Wellington Muso wrote:
Sad news, yet another hard working company forced into administration through no fault of their own. Mike and Shaun Stacey have worked hard over the years to build a great brand that was highly respected in the construction industry. They ran a tight ship between them and we're real taskmasters, without doubt. Mike started the business all those years ago and back in the early days, was and probably still is, an accomplished mason. His no nonsense approach to work paid off and the business expanded into the thriving empire that was Mike Stacey Ltd, later to become Stacey Construction under the guidance of Shaun. I joined the company many years ago in those early days, just before the big expansion and the construction of the new office complex. Having served seven years as C.M. of the Small Works Division, I write this with great sadness as I have always held the Staceys in high esteem and experienced first hand their tireless hard work and dedication to building the Stacey brand. Huge projects were undertaken all over the country and often completed way before the completion date and on budget, almost unheard of in this industry. They have had their critics over the years but most of the negative comments are probably from those who couldn't hack the tight work schedules, 'sour grapes' or competitors pipped at the post on tender. The future may look bleak but knowing the tenacity of the Staceys, something positive will come out of this. My best wishes to Mike, Gina, Shaun and Gillian.
Lovely bit of propaganda, who dictated that to you?
You really are a complete waste of a skin. How many other websites do you spend your sad little life trolling?
Its such tripe the stacey's do not run the company to employ local people they are completely self serving and think nothing of buying expense new toys while making 60 people redundant. Mike strolled around with utter contempt for some staff when I worked there and had they not made him money he would not suffer 90% of his work force.

Its not the first time they have sailed close to the wind they built a shooting club from some of mikes friends and lost a packet and had to lay people off. They are not the friendly locals that some people think they are.
Business people start businesses to make money. That's not exactly rocket science now is it? They employ local people to make their business work, they aren't a charity just keeping people paid. There is absolutely no reason why they should not enjoy the benefits of their success either.
Totally agree my staff often comment about the nice car etc i tell them if there prepared to take the risk and work mad hours ill buy them one odd but nobody has ever taken me up on it
[quote][p][bold]mansell5[/bold] wrote: [quote][p][bold]Mi_Coc[/bold] wrote: [quote][p][bold]mansell5[/bold] wrote: [quote][p][bold]FreeSpeech?[/bold] wrote: [quote][p][bold]Wellington Muso[/bold] wrote: Sad news, yet another hard working company forced into administration through no fault of their own. Mike and Shaun Stacey have worked hard over the years to build a great brand that was highly respected in the construction industry. They ran a tight ship between them and we're real taskmasters, without doubt. Mike started the business all those years ago and back in the early days, was and probably still is, an accomplished mason. His no nonsense approach to work paid off and the business expanded into the thriving empire that was Mike Stacey Ltd, later to become Stacey Construction under the guidance of Shaun. I joined the company many years ago in those early days, just before the big expansion and the construction of the new office complex. Having served seven years as C.M. of the Small Works Division, I write this with great sadness as I have always held the Staceys in high esteem and experienced first hand their tireless hard work and dedication to building the Stacey brand. Huge projects were undertaken all over the country and often completed way before the completion date and on budget, almost unheard of in this industry. They have had their critics over the years but most of the negative comments are probably from those who couldn't hack the tight work schedules, 'sour grapes' or competitors pipped at the post on tender. The future may look bleak but knowing the tenacity of the Staceys, something positive will come out of this. My best wishes to Mike, Gina, Shaun and Gillian.[/p][/quote]Lovely bit of propaganda, who dictated that to you?[/p][/quote]You really are a complete waste of a skin. How many other websites do you spend your sad little life trolling?[/p][/quote]Its such tripe the stacey's do not run the company to employ local people they are completely self serving and think nothing of buying expense new toys while making 60 people redundant. Mike strolled around with utter contempt for some staff when I worked there and had they not made him money he would not suffer 90% of his work force. Its not the first time they have sailed close to the wind they built a shooting club from some of mikes friends and lost a packet and had to lay people off. They are not the friendly locals that some people think they are.[/p][/quote]Business people start businesses to make money. That's not exactly rocket science now is it? They employ local people to make their business work, they aren't a charity just keeping people paid. There is absolutely no reason why they should not enjoy the benefits of their success either.[/p][/quote]Totally agree my staff often comment about the nice car etc i tell them if there prepared to take the risk and work mad hours ill buy them one odd but nobody has ever taken me up on it Monte54a
  • Score: 6

10:43pm Fri 25 Apr 14

ladybird14 says...

sorry to hear of another local firm in this situation but what people don't understand two large jobs have gone unpaid for but stacey's would of still had to pay for goods to do the jobs
sorry to hear of another local firm in this situation but what people don't understand two large jobs have gone unpaid for but stacey's would of still had to pay for goods to do the jobs ladybird14
  • Score: 6

10:27pm Sat 26 Apr 14

Mi_Coc says...

ladybird14 wrote:
sorry to hear of another local firm in this situation but what people don't understand two large jobs have gone unpaid for but stacey's would of still had to pay for goods to do the jobs
It's not that simple unfortunately as there are ways and means to ilimanate that risk but unfortunately mike is pig headed and has always resisted modern technology and more modern ways of doing business. When we used to send out tender enquiries about 20 large envelopes filled with drawings he would rather pay someone to spend a day tearing and licking stamps than buy a franking machine.

The same mentality can be seen here you can get credit checking facility which gives you full financial run down before you accept you sign the subcontract agreement and there is also a thing in construction called credit insurance. It's a bit like going abroad without holiday insurance and moaning when you have accident and you get hit with huge medial bills if only you had taken out insurance needed be in this mess. Also with the insurance if no one will underwrite them you know not to work for them anyway.
[quote][p][bold]ladybird14[/bold] wrote: sorry to hear of another local firm in this situation but what people don't understand two large jobs have gone unpaid for but stacey's would of still had to pay for goods to do the jobs[/p][/quote]It's not that simple unfortunately as there are ways and means to ilimanate that risk but unfortunately mike is pig headed and has always resisted modern technology and more modern ways of doing business. When we used to send out tender enquiries about 20 large envelopes filled with drawings he would rather pay someone to spend a day tearing and licking stamps than buy a franking machine. The same mentality can be seen here you can get credit checking facility which gives you full financial run down before you accept you sign the subcontract agreement and there is also a thing in construction called credit insurance. It's a bit like going abroad without holiday insurance and moaning when you have accident and you get hit with huge medial bills if only you had taken out insurance needed be in this mess. Also with the insurance if no one will underwrite them you know not to work for them anyway. Mi_Coc
  • Score: -11

11:44pm Sat 26 Apr 14

FreeSpeech? says...

mansell5 wrote:
FreeSpeech? wrote:
Wellington Muso wrote:
Sad news, yet another hard working company forced into administration through no fault of their own. Mike and Shaun Stacey have worked hard over the years to build a great brand that was highly respected in the construction industry. They ran a tight ship between them and we're real taskmasters, without doubt. Mike started the business all those years ago and back in the early days, was and probably still is, an accomplished mason. His no nonsense approach to work paid off and the business expanded into the thriving empire that was Mike Stacey Ltd, later to become Stacey Construction under the guidance of Shaun. I joined the company many years ago in those early days, just before the big expansion and the construction of the new office complex. Having served seven years as C.M. of the Small Works Division, I write this with great sadness as I have always held the Staceys in high esteem and experienced first hand their tireless hard work and dedication to building the Stacey brand. Huge projects were undertaken all over the country and often completed way before the completion date and on budget, almost unheard of in this industry. They have had their critics over the years but most of the negative comments are probably from those who couldn't hack the tight work schedules, 'sour grapes' or competitors pipped at the post on tender. The future may look bleak but knowing the tenacity of the Staceys, something positive will come out of this. My best wishes to Mike, Gina, Shaun and Gillian.
Lovely bit of propaganda, who dictated that to you?
You really are a complete waste of a skin. How many other websites do you spend your sad little life trolling?
Not "trolling" as you wrongly put it but simply an observation, may I suggest that if you have a problem taking critcism you really shouldn't bother commenting at all.
May I also suggest that you take up as much time looking up definitions of the terms you use as you have done blowing sunshine up Stacey consructions backside and please have some thought for the staff who have lost their jobs you ignorant selfish individual.
[quote][p][bold]mansell5[/bold] wrote: [quote][p][bold]FreeSpeech?[/bold] wrote: [quote][p][bold]Wellington Muso[/bold] wrote: Sad news, yet another hard working company forced into administration through no fault of their own. Mike and Shaun Stacey have worked hard over the years to build a great brand that was highly respected in the construction industry. They ran a tight ship between them and we're real taskmasters, without doubt. Mike started the business all those years ago and back in the early days, was and probably still is, an accomplished mason. His no nonsense approach to work paid off and the business expanded into the thriving empire that was Mike Stacey Ltd, later to become Stacey Construction under the guidance of Shaun. I joined the company many years ago in those early days, just before the big expansion and the construction of the new office complex. Having served seven years as C.M. of the Small Works Division, I write this with great sadness as I have always held the Staceys in high esteem and experienced first hand their tireless hard work and dedication to building the Stacey brand. Huge projects were undertaken all over the country and often completed way before the completion date and on budget, almost unheard of in this industry. They have had their critics over the years but most of the negative comments are probably from those who couldn't hack the tight work schedules, 'sour grapes' or competitors pipped at the post on tender. The future may look bleak but knowing the tenacity of the Staceys, something positive will come out of this. My best wishes to Mike, Gina, Shaun and Gillian.[/p][/quote]Lovely bit of propaganda, who dictated that to you?[/p][/quote]You really are a complete waste of a skin. How many other websites do you spend your sad little life trolling?[/p][/quote]Not "trolling" as you wrongly put it but simply an observation, may I suggest that if you have a problem taking critcism you really shouldn't bother commenting at all. May I also suggest that you take up as much time looking up definitions of the terms you use as you have done blowing sunshine up Stacey consructions backside and please have some thought for the staff who have lost their jobs you ignorant selfish individual. FreeSpeech?
  • Score: -6

6:21pm Sun 27 Apr 14

mansell5 says...

Read my post again, and you reply. There was no critiicism for me to not take. There is nothing whatsoever in my short post to justify ignorant or selfish. You are simply trolling again.
Read my post again, and you reply. There was no critiicism for me to not take. There is nothing whatsoever in my short post to justify ignorant or selfish. You are simply trolling again. mansell5
  • Score: 4

6:35pm Sun 27 Apr 14

FreeSpeech? says...

mansell5 wrote:
Read my post again, and you reply. There was no critiicism for me to not take. There is nothing whatsoever in my short post to justify ignorant or selfish. You are simply trolling again.
You are selfish, you have not once had a thought for the employees who have lost their jobs and ignorant to the fact that if Mr Stacey was such a good buisiness man he would not be in the position he is now. I notice that by your way of thinking everyone who criticise another would be a troll, well troll I am and imbecile are you.
[quote][p][bold]mansell5[/bold] wrote: Read my post again, and you reply. There was no critiicism for me to not take. There is nothing whatsoever in my short post to justify ignorant or selfish. You are simply trolling again.[/p][/quote]You are selfish, you have not once had a thought for the employees who have lost their jobs and ignorant to the fact that if Mr Stacey was such a good buisiness man he would not be in the position he is now. I notice that by your way of thinking everyone who criticise another would be a troll, well troll I am and imbecile are you. FreeSpeech?
  • Score: -5

6:41pm Sun 27 Apr 14

mansell5 says...

FreeSpeech? wrote:
mansell5 wrote:
Read my post again, and you reply. There was no critiicism for me to not take. There is nothing whatsoever in my short post to justify ignorant or selfish. You are simply trolling again.
You are selfish, you have not once had a thought for the employees who have lost their jobs and ignorant to the fact that if Mr Stacey was such a good buisiness man he would not be in the position he is now. I notice that by your way of thinking everyone who criticise another would be a troll, well troll I am and imbecile are you.
:-)
[quote][p][bold]FreeSpeech?[/bold] wrote: [quote][p][bold]mansell5[/bold] wrote: Read my post again, and you reply. There was no critiicism for me to not take. There is nothing whatsoever in my short post to justify ignorant or selfish. You are simply trolling again.[/p][/quote]You are selfish, you have not once had a thought for the employees who have lost their jobs and ignorant to the fact that if Mr Stacey was such a good buisiness man he would not be in the position he is now. I notice that by your way of thinking everyone who criticise another would be a troll, well troll I am and imbecile are you.[/p][/quote]:-) mansell5
  • Score: 5

8:32pm Mon 28 Apr 14

Hay102 says...

Very sad news, Mike and Shaun you should hold your heads up high, you kept going through the hardest time in the industry, mike you built this company from nothing you should be very proud, I have known you for a very very long time, and this won't be the last we see of you both, we wish you both the very best of luck in your next journey, we look forward to the next job. Best wishes to Mike, Shaun, Gina and Gill.
Very sad news, Mike and Shaun you should hold your heads up high, you kept going through the hardest time in the industry, mike you built this company from nothing you should be very proud, I have known you for a very very long time, and this won't be the last we see of you both, we wish you both the very best of luck in your next journey, we look forward to the next job. Best wishes to Mike, Shaun, Gina and Gill. Hay102
  • Score: -10

8:41pm Mon 28 Apr 14

Wivey1 says...

What an inspiration you are MIKE STAECY, fantastic construction company. Enjoy life in the slow lane now, your a real grafter, top man.
What an inspiration you are MIKE STAECY, fantastic construction company. Enjoy life in the slow lane now, your a real grafter, top man. Wivey1
  • Score: -6

4:28pm Tue 29 Apr 14

Mi_Coc says...

Its very sad the divide between rich and poor in somerset.

Many of the stacy's rich shooting pals etc coming on to offer support "chip up" have to grim have to wait till next year for a new shooter and a 70k luxury 4x4 just have to make do with what they got how sad. They still their jobs!


Never mind the 60 poor peasants who have been made redundant and now have no jobs or income!

How the other half live!
Its very sad the divide between rich and poor in somerset. Many of the stacy's rich shooting pals etc coming on to offer support "chip up" have to grim have to wait till next year for a new shooter and a 70k luxury 4x4 just have to make do with what they got how sad. They still their jobs! Never mind the 60 poor peasants who have been made redundant and now have no jobs or income! How the other half live! Mi_Coc
  • Score: 0

4:44pm Tue 29 Apr 14

FreeSpeech? says...

Mi_Coc wrote:
Its very sad the divide between rich and poor in somerset.

Many of the stacy's rich shooting pals etc coming on to offer support "chip up" have to grim have to wait till next year for a new shooter and a 70k luxury 4x4 just have to make do with what they got how sad. They still their jobs!


Never mind the 60 poor peasants who have been made redundant and now have no jobs or income!

How the other half live!
Careful they will be labelling you a troll.
[quote][p][bold]Mi_Coc[/bold] wrote: Its very sad the divide between rich and poor in somerset. Many of the stacy's rich shooting pals etc coming on to offer support "chip up" have to grim have to wait till next year for a new shooter and a 70k luxury 4x4 just have to make do with what they got how sad. They still their jobs! Never mind the 60 poor peasants who have been made redundant and now have no jobs or income! How the other half live![/p][/quote]Careful they will be labelling you a troll. FreeSpeech?
  • Score: 6

11:14am Wed 30 Apr 14

Mr.boozer says...

I have a couple of comments to make on this, firstly that it is not entirely accurate that this situation is the result of two clients not paying, one of these jobs turned a tidy profit from the money that was paid, the client paid a fair price for the work done. There is a dispute over a further sum, but with the project making a reasonable profit then it just comes down to pure greed on the part of Shaun Stacey. The other job in question is more accurate however following an arbitration process Stacey Construction did receive around 75% of the money, so a small loss was incurred, I could list at least a dozen of Stacey's sub-contractors who could justifiably state that they have not been paid a Penney by their client, some of these are reasonably small companies and will probably not survive.

Secondly Shaun Stacey's wage reflects that of a MD at the helm of a company with a turnover in excess of £20m a year, in recent years the turnover has been probably around a 1/5 of that yet Shaun has continued to take his huge slice of the pie! Another example of the greed that has led to this situation.

The sad truth is that Stacey's has closed its doors leaving its employees out of work and a lot of sub-contractors unpaid, many of whom will not survive, yet Shaun walks away debut free with a brand new forecourt company to start over with, hardly fair, but if you have no conscience as Shaun clearly doesn't then that is what you can achieve! There is something seriously wrong with the system I would say!
I have a couple of comments to make on this, firstly that it is not entirely accurate that this situation is the result of two clients not paying, one of these jobs turned a tidy profit from the money that was paid, the client paid a fair price for the work done. There is a dispute over a further sum, but with the project making a reasonable profit then it just comes down to pure greed on the part of Shaun Stacey. The other job in question is more accurate however following an arbitration process Stacey Construction did receive around 75% of the money, so a small loss was incurred, I could list at least a dozen of Stacey's sub-contractors who could justifiably state that they have not been paid a Penney by their client, some of these are reasonably small companies and will probably not survive. Secondly Shaun Stacey's wage reflects that of a MD at the helm of a company with a turnover in excess of £20m a year, in recent years the turnover has been probably around a 1/5 of that yet Shaun has continued to take his huge slice of the pie! Another example of the greed that has led to this situation. The sad truth is that Stacey's has closed its doors leaving its employees out of work and a lot of sub-contractors unpaid, many of whom will not survive, yet Shaun walks away debut free with a brand new forecourt company to start over with, hardly fair, but if you have no conscience as Shaun clearly doesn't then that is what you can achieve! There is something seriously wrong with the system I would say! Mr.boozer
  • Score: 32

10:18am Fri 23 May 14

lolleo says...

Stacey's - incompetence of the highest order.

They not only put 60 workers on the street but left a lot of sub-contractors high and dry.

Clueless bunch who were warned of the foreseen problems arising at the newton abbot medical centre but ploughed on regardless. No wonder they didn't get paid as they delivered a building that was not fit for purpose. No co-ordination with people running around like headless chickens.

They should stick to digging holes in the ground as that about the height of their ability. Maybe someone could do us all a favour and fill it in when they are about 10ft down.
Stacey's - incompetence of the highest order. They not only put 60 workers on the street but left a lot of sub-contractors high and dry. Clueless bunch who were warned of the foreseen problems arising at the newton abbot medical centre but ploughed on regardless. No wonder they didn't get paid as they delivered a building that was not fit for purpose. No co-ordination with people running around like headless chickens. They should stick to digging holes in the ground as that about the height of their ability. Maybe someone could do us all a favour and fill it in when they are about 10ft down. lolleo
  • Score: 15

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