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|T O P I C R E V I E W
||Posted - 02/12/2008 : 13:48:32
Just heard a report that Desklink Tafarnaubach are gone into Liquidation
|14 L A T E S T R E P L I E S (Newest First)
||Posted - 16/09/2009 : 14:13:45
Sale And Lease Back Lifeline
Source - WalesOnLine
OFFICE furniture venture Desk-Link has completed a £1.6m sale and lease back of its premises in Tredegar.
The deal, brokered by property agents Colliers CRE, came after the company, based on the Tafarnaubach Industrial Estate, went into administration earlier this year.
The buyer was an overseas investor. The 116,342 square foot warehouse is set on a self contained 13-acre site, with 4.6 acres available for expansion. As well as being a manufacturing facility it contains office accommodation, kitchen facilities and car parks. The sale price was the same that the building fetched when it was last sold ten years ago.
Colliers’ director of logistics and industrial, Tim Davies said: “Completing this deal quickly has enabled Desk-Link to continue after disposing of the property, which they now occupy as tenants.
“Going into receivership is extremely traumatic for any business and in the current climate it is a distinct possibility for many. “However, we hope now Desk-Link can begin to regain their footing and can come out the other end of the credit crunch.
“Being able to purchase the property at the price it sold 10 years ago made it a very attractive investment deal for the new owner.”
||Posted - 30/12/2008 : 10:23:41
Thats great news
||Posted - 30/12/2008 : 09:05:24
Furniture Jobs Saved
Source - WalesOnline
MORE than 120 jobs have been saved at a South Wales furniture company
When Desk Link Office Furniture Ltd, in Tredegar, went into administration on December 18 it was feared the entire workforce would be made redundant.
However, shortly after the announcement was made the assets were sold to the Business Fort Group PLC and the 122 jobs were saved.
The factory, that is based on the Tafarnaubach Industrial Estate, now operates under the name Desk-Link Ltd.
Managing director Mike Bugler said: “We are now operating as close to normal as we can.
“This is very good news for the staff that are left with the company and we hope that we can be successful in 2009.”
MP Dai Davies and AM Trish Law were pleased at the news.
Mr Davies said: “There have been redundancies and our first thoughts are with those who have lost their jobs.
“The core workforce has been saved and this is extremely important for Blaenau Gwent.
“Losing one job is a big blow to a constituency like ours, never mind more than 120.
“Trish and I have supported a claim to the Welsh Assembly and hopefully that will come to fruition within a few weeks because the company need help as soon as possible to secure their position.
“We are extremely pleased that work at the factory will continue, its saving was critical to our economy.
“It goes to show that there is faith in manufacturing, particularly in Blaenau Gwent.
“The hope now is that as the recession eases the company will stay and grow.
“We even hope that at some point they will be in a position to create even more jobs.”
Don Wilcox, the council’s executive member for regeneration added: “This is certainly better news than a total closure.
“It shows the benefit of the council working together with the MP and AM.”
||Posted - 23/12/2008 : 11:35:38
(Morgan, your sources are impeccable.)
Valleys Office Furniture Firm Saved
Source - South Wales Argus
A BELEAGUERED furniture manufacturer has been rescued from closure - but with the loss of 59 jobs.
Business Fort Group of Staffordshire purchased the assets of Tredegar-based Desk-Link on Friday.
As a result 95 people will continue to work at the head office. They will be paid the eight weeks wages owed to them on Christmas Eve.
But 59 jobs have been lost among office and factory staff, including many of who were laid off at the start of the month.
The buyers, who also makes office furniture in Liverpool, have vowed to keep manufacturing in the Blaenau Gwent town as long as Assembly assistance is forthcoming.
Business Fort chairman Steven Withers said they have been provisionally offered £500,000 to keep work open in Tredegar.
The company hit a cash flow crisis when banks lowered the amount they could borrow on orders booked.
Workers have not been paid for seven weeks as a result.
Desk-Link MD Mike Bugler said they had the money to buy fuel and purchase materials to continue placed orders.
"The staff have worked without pay and have been have been extremely loyal to the company," he said.
Blaenau Gwent Dai Davies MP said AM Trish Law had written to the office of economy and transport minister Ieuan Wyn Jones AM requesting they contact the firm to see if there was any assistance they could offer.
"Our first thoughts are with those who may not be retained by the company," he said, saying that losing such a high amount of jobs during Christmas was a tragedy.
He added: "The important thing is that the company keeps a foothold in the valley’s community, and that the businesses stays and grows in Tredegar."
An Assembly spokesman confirmed they were in discussions with Business Fort about the future of manufacturing in Tredegar.
He said: "Further meetings are due to be held soon between Assembly officials and representatives of the buyers."
||Posted - 20/12/2008 : 16:42:14
I have been talking to a friend and apparently its been taken over by company and half the workforce will be back in there jobs in the New Year, also the new company has given a weeks wages, so thats good news.
||Posted - 12/12/2008 : 21:50:11
that poor Desklink MD. i bet he hasn't been paid just like the other staff, has to ride his bike to work because he's got rid of his car to put funds in the company, probably a few chicken nuggets for his xmas dinner, etc etc
||Posted - 12/12/2008 : 10:51:59
Furniture Firm On Brink Of Closure
Source - South Wales Argus
A MANAGING director says his firm is on the brink of going into administration, leaving 138 people out of work.
MD Mike Bugler is asking the Assembly to help his office furniture manufacturer Desk-Link, based at Tafarnaubach industrial estate, Tredegar.
The firm’s banks appointed MCR to look into reconstructing the firm last Tuesday.
They will become administrators if a purchaser can’t be found.
Mr Bugler said invoice discounters, who offer companies an advance on the amount owed by its customers, had been lending the firm less and less cash.
His firm is in a cash flow crisis and cannot pay its suppliers or staff.
The Argus reported 40 staff were laid off at the beginning of December, while other workers had not received their pay for November.
He said: "We can’t struggle on for much longer."
He added: "The management are working very hard to try and rescue Desk-Link’s activities.
"We’re looking for help from the Assembly and they are considering it."
He said reports that staff are locked out were incorrect.
The firm has 170 staff across the UK and has offices in the Wirral, Glasgow, Surrey and Wolverhampton.
Blaenau Gwent MP Dai Davies said the possibility of the job losses is devastating for the area: "Our thoughts and concerns are with all the employees from the management team to those on the shop floor."
He said AM Trish Law had written to Deputy First Minister Ieuan Wyn Jones to look into the possibility of financial help for potential buyers.
An Assembly spokesman said: "We are talking to a potential buyer of the Desk-Link business, and we are ready to do all that we can to preserve the business and the jobs it sustains at Tredegar."
A Blaenau Gwent council spokesman said they were working with the Assembly, Job Centre Plus, Careers Wales and Jobmatch to meet training needs and requirements, and would offer advice to workers in the event of any redundancies.
Desklink Managing Director - Mike Bugler
||Posted - 11/12/2008 : 23:32:44
I did hear today some have not been paid for around a month and they are on stop at the moment. This is not good for them or for people looking for work and i can only see it getting worse.
||Posted - 10/12/2008 : 10:03:10
CHRISTMAS JOB CRISIS
Dec 11 2008 by Dominic Jones, Gwent Gazette
ONE of Blaenau Gwent’s biggest employers is close to collapse – with the possibility that hundreds of workers could lose their jobs.
Top management of Desklink, the Tredegar-based office furniture manufacturer, have spent the past five days working to set up a rescue package and have asked for the assistance of MP Dai Davies and AM Trish Law.
“We are hoping that a clear statement will emerge from the company that will ensure that Desklink remains in Blaenau Gwent. That is our aim”, MP Dai Davies said.
The two politicians acted after a flood of workers asked them to intervene to find out what was happening about their jobs and the company.
Worker after worker visited Dai Davies’ and Trish Law’s constituency office on Friday to say that they hadn’t been paid for six weeks, had been locked out, and were uncertain if they were in a position to claim benefits.
The company says that they had been told not to return to work because the company was insolvent.
“Job Centre Plus say they will do all that they can to assist the workers,” Dai Davies said.
The MP, met Desklink’s Managing Director Mike Bugler on Saturday and was told that he wanted to do all that he could to save the company.
Dai Davies and Trish Law have both spent the past five days supporting the company’s efforts to find a bale-out solution for the ailing company, including pressing for regional aid and other assistance.
||Posted - 05/12/2008 : 21:27:59
40 Jobs At Risk As Tredegar Firm Faces Worry
Source - South Wales Argus
WORKERS at a Tredegar office furniture company face an uncertain future as the business runs into financial difficulty.
Officials of Desk Link Office Furniture phoned 40 staff on Monday evening and told them not to report for work the following day.
Bernard Avis, 62, of Victoria Terrace, Tredegar, worked on the shop floor making flat pack desks. He said that workers had been on short-time hours for the past five weeks and had not been paid in that period.
Mr Avis said: “As far as I know, I’ve been laid off. The factory manager told me there was no work and this was temporary as they restructure the firm.
“But I don’t know for sure what’s going on because every time we try and go up there, the security lodge doesn’t let us on site.”
Mr Avis also says he had a call from the company on Thursday, telling him he can claim temporary unemployment allowance.
He added: “I can’t see us going back. It’s a big blow especially being Christmas. And I’m 62, so there’s not much hope for me getting a new job.”
Managing Director of the Tafarnaubach Industrial Estate-based company, Mike Bugler said that Desk Link had run into financial difficulties.
Mr Bugler said that one of three funding streams had been withdrawn and it wasn’t able to pay the payroll.
As a result, 40 of its 175 staff have been laid-off. Mr Bugler added: “All employees will be paid and we are working seven days a week to try and get in a positive position.
“We are working hard to secure funds and hopefully provide jobs for as many of the 40 people laid off as possible.”
Mr Bugler stressed the company is not in administration, but staff are working to refinance it.
||Posted - 05/12/2008 : 11:30:44
The police and bailifs where there wednesday,
picking up the company cars, who's next I wonder?
love a whiskey but must be BELLS,
||Posted - 04/12/2008 : 22:56:03
Video Available below...
Fingers crossed they can sort it out, soon, very soon....
||Posted - 04/12/2008 : 16:50:33
yes the staff were locked out this morning it was on the news today
||Posted - 02/12/2008 : 15:00:33
Wow,that estate will soon be derelict. I often walk my dog up there and it must only be a matter of time now before the inevitable closures of Gas Tubes, Corus and Tenneko.
Happy Days sigh.
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