« previous next »
Pages: [1] 2  All   Go Down

Author Topic: Myford  (Read 16646 times)

Offline DennisWA

  • Jr. Member
  • **
  • Posts: 34
Myford
« on: July 11, 2011, 06:05:03 PM »
I have just received an email to the effect that Myford has ceased trading.  It says that "Assessors are looking at the company to see what can be recovered, but for now you may wish to know that there is to be a closing down sale at the company’s premises on Saturday from 09:00 to 17:00 and on Sunday from 10:00 until 16:00."

Dennis
Logged

Rob.Wilson

  • Guest
Re: Myford
« Reply #1 on: July 11, 2011, 06:08:06 PM »
i wondered why there web site was down the other day


Rob
Logged

Offline DennisWA

  • Jr. Member
  • **
  • Posts: 34
Re: Myford
« Reply #2 on: July 11, 2011, 06:26:26 PM »
John Stevenson has posted insightful comment on The Home Shop Machinist & Machinist's Workshop Magazine's BBS

I leave it to John to post any comment here.

Cheers
Dennis
Logged

Offline Bogstandard

  • Bogs Group
  • Hero Member
  • *****
  • Posts: 1107
Re: Myford
« Reply #3 on: July 12, 2011, 01:56:07 AM »
Methinks you should wait a while before jumping to conclusions and spreading unsubstantiated rumours, which they all are at this time.

By the way it looks, it could just be a cleaning out and bringing the company into the 21st century way of working, nothing else.


John
Logged
If you don't try it, you will never know if you can do it.

Location - Crewe, Cheshire

Skype - bandit175

Offline Stilldrillin

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4972
  • Country: gb
  • Staveley, Derbyshire. England.
Re: Myford
« Reply #4 on: July 12, 2011, 02:21:51 AM »
Quote from: Bogstandard on July 12, 2011, 01:56:07 AM
Methinks you should wait a while before jumping to conclusions and spreading unsubstantiated rumours, which they all are at this time.

By the way it looks, it could just be a cleaning out and bringing the company into the 21st century way of working, nothing else.


John

Sincerely hope so........

David D
Logged
David.

Still drilling holes... Sometimes, in the right place!

Still modifying bits of metal... Occasionally, making an improvement!

Offline Marauder

  • Jr. Member
  • **
  • Posts: 40
Re: Myford
« Reply #5 on: July 12, 2011, 03:14:16 AM »
Good job my Myford is built to last then !! :coffee:
Logged

Offline John Hill

  • The Artful Bodger
  • Madmodder Committee
  • Hero Member
  • *****
  • Posts: 2016
  • Country: nz
Re: Myford
« Reply #6 on: July 12, 2011, 03:24:59 AM »
Way off track perhaps but I always imagined Myford to be somewhat akin to the Morgan motor car people. :coffee:
Logged
From the den of The Artful Bodger

lordedmond

  • Guest
Re: Myford
« Reply #7 on: July 12, 2011, 03:40:26 AM »
As you may know I live very close to Myford works

I Phoned them yesterday and spoke with sales the do have the liquidators in but NOT the receivers

they are having a sale this weekend

a colleague has also been in touch with them and in a email to him they state that they are holding a massive clearance sale of all stock and machines this weekend and slots are filling up fast


I am not sure what the last bit means , have the liquidators invited dealers in ?

Stuart
Logged

Offline Bogstandard

  • Bogs Group
  • Hero Member
  • *****
  • Posts: 1107
Re: Myford
« Reply #8 on: July 12, 2011, 05:21:39 AM »
This is going on all over the model engineering fraternity, jumping to conclusions.

Over the last week or so, Myford has registered four new trading names,

MYFORD LIMITED 07696313 07/07/2011
 
MYFORD MACHINE TOOLS LIMITED 07694334 05/07/2011
 
MYFORD SALES LIMITED 07694244 05/07/2011
 
MYFORD SALES ONLINE LIMITED 07695396 06/07/2011

Whether this is to protect the Myford name if it does close down, or an attempt to bring it up to date, as it has been working with 1960's practices up until now, is anyone's guess, and as it stands, it is guesswork and rumour mongering, as only Myford know what is going on.

I would suggest we all wait until next week, when Myford said they will be giving us an update (from the horse's mouth, so to speak), before jumping to unfounded conclusions.

What you are doing here with your speculation could be spoiling Myfords chances of maybe making a recovery, and they have enough to worry about at this time as it is.


Just to make a point, I am not a great Myford fan at all, but even so, I wouldn't want my actions and thoughts to bring down a much loved and well respected (by other people) institution.


John
Logged
If you don't try it, you will never know if you can do it.

Location - Crewe, Cheshire

Skype - bandit175

Offline lazylathe

  • Jr. Member
  • **
  • Posts: 54
  • Mastering the art of reducing metal into swarf!
Re: Myford
« Reply #9 on: July 12, 2011, 06:28:32 AM »
I am hoping everything will be okay! :thumbup:
Love my Myford, even though it is only my first "Big Boy" lathe!

If we are lucky, this restructuring may make the spares more affordable.
But who knows...

Wait out the week and see what happens!
We have no control over what does happen, i only wish for the favourable to happen!

I am with Bogs on this one!!

Andrew
Logged

Offline NickG

  • Madmodder Committee
  • Hero Member
  • *****
  • Posts: 1890
Re: Myford
« Reply #10 on: July 12, 2011, 07:06:23 AM »
I wouldn't be surprised given the vastly over inflated costs of their machinery, I can't honestly understand how or why people buy them new. They could be registering the new trading names so they can sell them to someone Chinese company for £1 each.
Logged
Location: County Durham (North East England)

Offline GWRdriver

  • Jr. Member
  • **
  • Posts: 19
Re: Myford
« Reply #11 on: July 12, 2011, 01:33:14 PM »
Quote from: NickG on July 12, 2011, 07:06:23 AM
I wouldn't be surprised given the vastly over inflated costs of their machinery, I can't honestly understand how or why people buy them new.
I'm not an economist, but there are formulae for calculating the relative value of goods based upon a given national economic standard.   I can remember seeing prices of £79 and £109 (IIRC) in the early 1960s when I first began to read ME (and recall the wails of ourage at those prices) so I wonder how the price of the Myford would fare if run through a price index?  Plugging £109 in to a Wot's It Worth Now page, I come up with £1,730.00, when using the retail price index, and £3,930.00 when using the average earnings index.  Let's wait to see what happens, although it would not surprise me to learn that Myford has elected to pursue more profitable business directions than making lathes.  Accoring to another contact I have the works is greatly underutilized and valuable real estate and is being evaluated for sale and developement.
« Last Edit: July 12, 2011, 02:58:09 PM by GWRdriver »
Logged
Cheers,
GWRdriver
Nashville TN

Offline Bluechip

  • Madmodder Committee
  • Hero Member
  • *****
  • Posts: 1513
  • Country: england
  • Derbyshire UK
Re: Myford
« Reply #12 on: July 12, 2011, 01:52:01 PM »
I think they make Cylindrical Grinders as well as lathes ..

Or, they used to do them.

Dunno now though.

Myford website is down for 'maintenance' .. although the section for re-built lathes is still there.

Who knows, time will tell I guess..

Dave BC

Logged
I have a few modest talents. Knowing what I'm doing isn't one of them.

Offline Bluechip

  • Madmodder Committee
  • Hero Member
  • *****
  • Posts: 1513
  • Country: england
  • Derbyshire UK
Re: Myford
« Reply #13 on: July 12, 2011, 04:50:15 PM »
Well ...


http://www.myford.com/

What do you make of this?

Dave BC
Logged
I have a few modest talents. Knowing what I'm doing isn't one of them.

Offline John Hill

  • The Artful Bodger
  • Madmodder Committee
  • Hero Member
  • *****
  • Posts: 2016
  • Country: nz
Re: Myford
« Reply #14 on: July 12, 2011, 04:54:53 PM »
Quote from: Bluechip on July 12, 2011, 04:50:15 PM
Well ...


http://www.myford.com/

What do you make of this?

Dave BC

All spares stock and equipment?  Sounds like they and thinking of building a supermarket on the site.... :coffee:
Logged
From the den of The Artful Bodger

Offline John Hill

  • The Artful Bodger
  • Madmodder Committee
  • Hero Member
  • *****
  • Posts: 2016
  • Country: nz
Re: Myford
« Reply #15 on: July 12, 2011, 04:57:41 PM »
No doubt about it the name has some mana ever this far away and many will be sorry to see it go, if it does.  More likely we will see the name on generic Chinese machines (suitably priced of course), isnt that what happened to South Bend?
Logged
From the den of The Artful Bodger

Offline John Hill

  • The Artful Bodger
  • Madmodder Committee
  • Hero Member
  • *****
  • Posts: 2016
  • Country: nz
Re: Myford
« Reply #16 on: July 12, 2011, 05:23:10 PM »
Hmmmmmmmmmmm....... looks like the cousins have swiped the name.. :coffee:

http://www.pocket-lint.com/news/40740/myford-touch-applink-ford-ka
Logged
From the den of The Artful Bodger

Offline SPiN Racing

  • Madmodder Committee
  • Hero Member
  • *****
  • Posts: 506
Re: Myford
« Reply #17 on: July 12, 2011, 09:19:10 PM »
"All spares, lathes and plant equipment available"

:(

Final Clearance sale.. That sucks. Im very sorry if that is a closing doors sale.

If they got in a influx of cash and are going to re-sort themselves in a larger factory, then I am supremely happy to hear it.

I have seen a lot of businesses here in the states whimper and finally give in quite a few times in similar manner.
I have my fingers crossed that they are re-organizing to go to a better more cost effective place, and keep the company going.

Scott
Logged
SPiN Racing

Offline NickG

  • Madmodder Committee
  • Hero Member
  • *****
  • Posts: 1890
Re: Myford
« Reply #18 on: July 13, 2011, 07:00:15 AM »
Had another e-mail through various routes to the effect that it is closing and a lot of people seemed to know at the club last night. Again, don't know whether it's traced back to the horses mouth but it definitely mentioned closing down. Time will tell, if they are re-organizing I can't see them catering for the hobby market, it just can't be an area of that sort of growth that you would want to invest millions in.
Logged
Location: County Durham (North East England)

Offline Bluechip

  • Madmodder Committee
  • Hero Member
  • *****
  • Posts: 1513
  • Country: england
  • Derbyshire UK
Re: Myford
« Reply #19 on: July 13, 2011, 08:59:36 AM »
According to this ..

http://www.model-engineer.co.uk/forums/postings.asp?th=53234&p=3

They are no more ... to all intents and purposes ..

Dave BC
Logged
I have a few modest talents. Knowing what I'm doing isn't one of them.

Offline AdeV

  • Madmodder Committee
  • Hero Member
  • *****
  • Posts: 2434
  • Country: gb
Re: Myford
« Reply #20 on: July 13, 2011, 10:14:02 AM »
After doing a bit of digging....


....there are NO official signs that Myford are going/have gone under. My money, therefore, is on this being a big clear-out, followed by a change of direction. Anything beyond that is pure 100% speculation.
Logged
Cheers!
Ade.
--
Location: Wallasey, Merseyside. A long way from anywhere.
Occasionally: Zhengzhou, China. An even longer way from anywhere...

lordedmond

  • Guest
Re: Myford
« Reply #21 on: July 13, 2011, 10:27:49 AM »
i will tell you when my order for some bits arrives note this was placed before the web site when down because I used it to quote part numbers to them


so I wait for my bits and bobs and for more info like the rest of you

if they do not get here then then have gone IMHO

Stuart
Logged

Offline NickG

  • Madmodder Committee
  • Hero Member
  • *****
  • Posts: 1890
Re: Myford
« Reply #22 on: July 13, 2011, 11:08:24 AM »
I would hope they will either honour your order or let you know why they aren't but I think you'll get your bits. Of course it's all speculation, but strange that they would sell everything, even with a change of direction, but if the change of direction is that great then Myford won't be Myford as we know it surely. The trading names Bogs pointed out are interesting though, will be interesting to see what happens.
Logged
Location: County Durham (North East England)

lordedmond

  • Guest
Re: Myford
« Reply #23 on: July 13, 2011, 11:30:33 AM »
then look up Hoffung ltd at companies house  :bug eye:


that will make you think . I believe that ford have move some assets around to Hoffung



Stuart
Logged

lordedmond

  • Guest
Re: Myford
« Reply #24 on: July 14, 2011, 07:11:10 AM »
well guess what got my bits today from myford posted yesterday 13 july

but they have sent them in the packets they get them in so now i have the part no and manuf.  but a quick google only see them in the US  so i must improve my google ninga

they are unisix carbide tips they are ground up and have a chip grove ground in the best is they have six cutting facets and unusual for carbide are razor sharp

they are W04233800212 by komet


Stuart


Logged
Pages: [1] 2  All   Go Up
« previous next »