Might not mean alot to most people but Protech Automotive UK are a subsiduary company and they calibrate the Diesel and petrol meters for MOT testing, ours were due in a weeks time so hope they still come!!!

All i can say is Euro Car Parts bought them, Stripped the assets and i mean stripped!!! Then dumped the company into administration after ownign them for 5 days! The employees were saying the locks were changed on all LSUK branches, shelves stripped of all stock and the contract to supply the AA with parts transfered to ECP. Why do people treat others like this At the worst time people have lost their jobs

 

Hear this too.

Read on a local car forum from an ex employee that he turned up for work, locks changed and a note on the door saying the premises had ceased trading. Thats the last he's heard

 

we know all about it feel sorry for the md lsuk were gonna buy us out once!!!Good news for us as we just employed a rep from them so things are looking good for us

Bad for some good for others they were a competitor!

 

Hasn't ECP went under aswell? Thats what i heard and the local one to me has closed for sure, they didnt even give any warning to the staff either.

 

there is another company that operates in your area doing the same thing - ten automotive in king's lynn and they have a service engineer living in attleborough

 

Good for the Bosch auto parts business

 

ecp are still going strong round our way, i deal with them every day(inc today) and no sign of any probs

 

ginge! is the man to ask, he does cap parts all day long

 

pmsl

 

lsuk were nothing to do with Bosch ?????

 

Well i work for ECP and weve definitely not gone bust

and if yours is the newcastle one, i got a driveshaft transferred from there today

We get a delivery everyday from there

 

Congratulations Rob, you win a grammar award!

 

nice try phillis

 

Yep pretty shocking way to treat members of staff.

 

http://motortorque.askaprice.com/dea...loses-lsuk.asp

scary stuff!

 

Little more to add to the story, apparently ECP only bought LSUK for the contract to supply all the parts the AA carry on there vans.

Ive heard today that the AA has told ECP that they dont want to do business with them as they foooked over a good british company LSUK.

It also appears that ECP has been asking their suppliers to entend there 90 day terms to 130 day terms, to which most of their suppliers have told them to get foooked as they dont pay on time with 90 day terms.

ECP are looking a little shaky to say the least.

 

i used to work for ecp til fairly recently and know they are in a good financial position.
i saw a 5yr expansion plan and know they had ties with a major european network.

I debate a privately owned company are particularly shaky.

DMC

 

Were you gone to Dave??

I Left ECP a month ago

ECP are by no means struggling yes it has cost them apparently £15m loss but for a business that turned over £150m last year and this year they are targeted for £200m.

in regards to the european network they have joined that already mate

 

LSUK were clearly either in trouble before hand and/or their owners wanted to cash out?

Asset stripping isn't exactly a new idea and if the only assets LSUK had worth taking was stock, it doesn't say much for the management and staff in the first place.

Admittedly, ECP have been very aggressive with their pricing and taking over of local factors [A.R.E around this way] but we've certainly benefitted from their lower prices

As to trying to extend their credit line/period? It's prettynormal business practice anyway and I can't imagine they're the only one's at the moment plus when you're such a big firm, it's probably easier to achieve!

 

i thnk lsuk have been in trouble for a while tbh. but from what i hear and dont quote me on this, ecp cant just buy a bussiness to than close it down and take stock and fook staff over like that aprantly its againt the law so ive been told so ecp may get in trouble for it tut tut tut

 

They were a company in trouble thats why there were sold...i have spoken to someone in ecp headoffice today and they have said for them it would be financial suicide to continue running lsuk with the funding and support it needed....they were MIS SOLD the company...remember the deal was all done and dusted over 2days it was very very rush rush and ECP made a big mistake and they have openly said that in the press and magazines

 

Yes you can. Although you do need to offer the staff a place of work or make them redundant. Not lock the doors on them!!!

 

they did make them all redundant mate

 

Was protech a money making subsiduary??? If so i doubt it would be shut up shop as that makes no sense even for ECP.
Its no worse than what china did with Rover Sad thing is quite simply its business and these hard financial times there is no leeway to be softly softly on the staff as quite frankly it costs money.

 

also you will find ECP paid everyone their months wages which they would not have got if they were not bought out!!

 

lsuk were bought by euro car parts logistics as ginge said a sister company fpr the stock and contracts but as far as i no none of the stock was theres it was sale or return and when told they shut the ecpl down aswell

on friday they all went work as normal saturaday the manager of euro went over locked and brorded up lsuk monday they all went as usual they could not get tools ect out for a wile

none have been paid anything since the end of sept no holiday ect weeks pay and have been told they wont my brother worked of them my mate was manager and i have known all the staff for a while had an account there and they owed a small company about 30k for battreys down here when ecp had them they told all owein companys to stick the bills up there arse and said battrey company are now in the shit

 

Thats a bummer - I used the back door of the Liverpool LSUK branch to have any injectors cleaned I needed!! LOL!

On a more serious note - not good at all for the poor employees!

 

Aftermarket will always win. Its just how it goes. Unless the goverment tries something stupid like they were thinking about restricting MOT testing to ONLY main dealers. I think its safe to say this will never work!!!

 

not always tbh, i just had to deal with a unhappy customer who bought some injectors from merc for 140 including vat,,, bosch injectors and we was BUYING them for 110 quid plus vat and selling them at 137 PLUS vat

they CAN kill the aftermarket,,,,, they just aint worried about it at the momment but WILL be changing,,,,, main dealers now get 4 deliverys a day or the bigger ones do instead of overnight vor only or weekly stock orders for nice discounts

its gonna get there,,,,,, just need better management team rather than the ivory towers that seem to be incharge these days

euros are taking ALOT of porsche sales has to be said more than i thought too,,,, and that aint even run proper at the moment !!!

euros need to fix up there jap range,, as thats just shocking and they will get world domination

though i might be biased at the moment pmsl

 

everyone got a months wages ???

you sure pmsl

LSUK was a BIG BIG pile of wank, was ALOT worse than they thought it was, ECP aint affected as it was a sister company that bought it and then folded, belive it or not ECP WANTED the branches and was VERY proud when the THEY WAS BOUGHT FROM RECIVERS/in administration

the area manager who was on GMTV must be the WORSE manger i have EVER seen,,,, worked for LSUK for 18 years and he NEVER HAD A CLUE THEY WAS GONNA CLOSE DOWN....... how the fuck he never knew was the reason why they did,,, LOADS of companys loose HUGE money just keeping the places open,,, unipart dont EVER turn a profit from the partco company,,,, LSUK was another that never did and was sub funded,,, mr singh is a very very hard ball player ill admit,,,,, but none of hes places LOOSE money,,,,, unpart in london NONE of them make a profit,,,,, NONE,, they are loosing alot less money since they head hunted a few select staff members and they are growing

its a hard time at the min in the car game remember,,,but the aftermarket seems to be winning but i am biased pmsl

 

i work for fps and lsuk o us about 700 000 pounds we had a member of lsuk start today she still has there van parked out side her house she has not been paid for a while

 

you work for ferrais ??

the lsuk thing is a big secret, i got the emails sent to me from a few about whats going on,,,, but tbh they are bollox

 

From close experince the books were somewhat cooked hence ECP din not know this til too late.

Thru their sheer generosity ECP paid wages they were not required to, even tho the MD suffered a £2mil personal loss on the project, hence the reason the assets were stripped.

Im not an ECP employee any longer, but due to the fact the owner of ECP is a decent guy, id like to set the record straight so that he does not get badmouthed for it.

DMC

 

erm,,,,,, which company is this ???

the same company who asked me to bring a list of suppliers, copy the stock price file and also the personal mobile numbers of the purchase managers from my old place

the blokes who tells hes staff " your only worth what your last days sales are"

this "decent" bloke

sorry but mr singh is a VERT VERY good buisness man, but are you aware of hes history and hes practises to make him at the top ?

he will put a bid in a property if he hears a rival company is thinking of going for it JUST to keep out competion

he actually belives to STEAL customers from rivals, steal there suppliers by employing staff from other companys offering them BIG wages to jump on board then get rid of them

is THIS the decent guy we are talking about,,,, seriously does that sound decent ?