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Reed Constructions on verge of collapse

Discussion in 'Rugby League Forum' started by Peter C, Feb 29, 2012.

  1. Peter C

    Peter C Well-Known Member Premium Member 2017 Tipping Competitor

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    Just noticed that reed Constructions is on the verge of collapse, are they still a major sponsor for this year?
    Also, with the government withdrawing the solar hot water rebate, Quantum may be in a precarious position as well.

    http://www.theaustralian.com.au/news/nation/reed-constructions-on-verge-of-collapse-says-nsw-opposition/story-e6frg6nf-1226284703445
     
  2. mozgrame

    mozgrame Well-Known Member

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    Oh no. WOW!
     
  3. tookey

    tookey Well-Known Member 2017 Tipping Competitor

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    They don't appear to be a sponsor any more.
     
  4. WAMF

    WAMF Well-Known Member

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    I think they were only ever a shorts sponsor and they didn't just sponsor Manly.
     
  5. Oneyeagle

    Oneyeagle Active Member

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    Companies are collapsing all over the joint my industry. Sanyo eg Penrith looks like they will be leaving our shores by the end of this year. Sporting teams are going to be affected over all sports by the years end. Unfortunalety this is the sign of the times. if you think its bad you should see it from my perspective. I never seen anything like it in all my working years.
     
  6. jbb/james

    jbb/james Well-Known Member Premium Member

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    I know this isn't the main reason, but Australian business is very susceptible to collapse. As so many business models are franchises and chains and similar and head office controls the business, it gives a lot of small business not much room to maneuver's through tough times. There business model is not very flexible.Qld is very bad at this as very few mom and dad shops are around, its all mega hyper maxi domes, with the same chain stores in all of them
     
  7. conanu

    conanu Well-Known Member

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    Seen it all before in europe. When there is a boom the greedy bastards at the top, rape the economy for all it is worth and leave it for dead. Only difference we have here other than places like ireland is the better banking reg's and a mining boom. Come on the TV deal we might just need it.
     
  8. Oneyeagle

    Oneyeagle Active Member

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    You know your subject matie. Franchises are truly fragile in Recessions. Head office's are now taking over and again appointing managers. Has not stop WOW Sight and sound going under who sponses the Broncs. 500 staff gonesky as of yesterday. Let me please say without any question and I've told from the Best. It going to get a Hell of lot worse before it even looks like getting better.
     
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    • Chip and Chase

      Chip and Chase True Supporter Staff Member Administrator Premium Member 2017 Tipping Competitor

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      Hard to feel soryy for Reed Const. Some may say that's a bit of karma.
       
    • jbb/james

      jbb/james Well-Known Member Premium Member

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      uncertain times ahead, i agree, but for many it will open opportunity, just as buying a house and shares in a collapse can mean good times ahead, many will be able to carve out a niche in these challenging times in business also, especially when many others close there doors reducing competition
       
    • Oneyeagle

      Oneyeagle Active Member

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      Lets hope those companies will want to sponsor the Manly Sea eagles :)
       
    • Spuds Bodyguard

      Spuds Bodyguard Active Member

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      What we are seeing in business at the moment is a cleansing of the pipe. Businesses that don't have a solid platform and have not remained relevant to their clients are being pushed out and the better businesses will reap the rewards.

      Take for instance my industry Real Estate. There have been over 30000 real estate agents nationwide who have not re-newed their registration and left the industry. Mostly those who have not seen training as being important and are still doing business the way it worked back in the 80's.

      In the meantime my business has never been better. Yes things are slow at the moment, but we realised that it wasn't the market getting better that would change things, but us getting better.
       
    • Oneyeagle

      Oneyeagle Active Member

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      Your both correct. Some companies will do well in a recession as did others in WW2. But there is no doubt the money wheel needs to speed up in the Private sector primarily Retail. How it effects the club I guess is more to the point and its the Suppliers and Retailers that drive the sponsorship dollar.

      Just for the record I'm doing OK. Thanks for asking.
       
    • jbb/james

      jbb/james Well-Known Member Premium Member

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      sorry on eye agle. Glad to see your doing fine. Its hard for me to get my head around the sponsorship in these times. While I know sponsorship is partly business ive always considered it a big wank as well. And wank money must be getting thin at the moment

      What type of business are you in, maybe the eagle community put business your way too
       
    • Bradza

      Bradza Well-Known Member 2017 Tipping Competitor

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      Care to elaborate C&C? I've always viewed Reed as a consistently solid supporter of Manly over the years.
       
    • WAMF

      WAMF Well-Known Member

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      Just be kind to the trust account and all will be fine.
       
      • Like Like x 1
      • Oneyeagle

        Oneyeagle Active Member

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        Ha Ha. Its 'One eye eagle" as one word. Electrical Appliances. I'm a Agent/Broker and have 12 Companies on my books. Sell to Good Guys, Harvey's, Bing Lee and other independents in Sydney. Family business since 73. My 23rd year in the industry. Re. Community help. I'm all good.. Thanks for asking :)
         
      • Joey

        Joey Active Member

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        All the more reason to get every Manly fan on paid memberships if there will be no businesses around to give us $$$
         
      • Chip and Chase

        Chip and Chase True Supporter Staff Member Administrator Premium Member 2017 Tipping Competitor

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        I wasn't referring to their support of Manly. I work in the construction industry and they have a reputation for being "hard nosed", to put it politely. They have sent a coule of subbies to the wall that I know of.
         
        • Like Like x 1
        • Mark from Brisbane

          Mark from Brisbane Living the dream Premium Member

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          My business is a tough business these days as well, but good travel agents with decades of knowledge are hard to find, so I am doing just fine thanks!!

          But nevertheless a lot of business we used to do we no longer do as we can't compete.

          People today either want price or knowledge / service....I prefer the latter to the former and there's plenty of business around that isn't always about the lowest number.

          I feel sorry for Reed (if that's true) they have been a long time supporter.
           

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