Gloucestershire, UK - A blog post by mascosalvage this week announced the sale on 24th September of stock, which has come about as a result of Masco Walcot's financing and banking arrangements coupled with undercapitalisation and the recession in the construction sector.

The blog comments that weekly sales had collapsed and, 'a detached view would point out that huge stockholding operations in a recession, without capitalisation cover to ride out the trough of inactivity, means inevitable cashflow problems . . . The present position is that MascoWalcot is to sell the freehold of its property and hold a disposal sale on September 24th of its high-end goods . . . If you fancy running a salvage business you could always buy the business as a going concern.'

Meanwhile, despite the upheavals, Debbie Kedge reports that for Masco Salvage it is currently business as usual.

Masco Walcot Architectural Salvage

Masco Salvage blog: A Tale of everyday Country Folk “Hitting the Fan”

Story Type:  News

ID: 60676

Date Modified: July 26, 2011, 09:56 AM