It's Official DC Ian Elliott of the "Stolen Plant Unit" at the Met has confirmed what everyone knows "the majority of Plant Hire Companies are using plant theft to upgrade fleets and profiteer at the expense of their contractor customers. Good times are ahead for hire companies in recession with plant theft up 100% in July.
Donnelly & Bailey got screwed on the hire charges and all contractors get screwed on residual values. Hire Companies buy 80% of plant and get a minimum 20% discount + capital allowances. Contractors hire in 80% but pay list price to owners when stolen.
The owner paid £26.9k for the CAT 304.5; breaker £3.4k, trailer £2.5k. Total £32.8k. Donnelly & Bailey paid over £38k for used equipment. £45.5k was the real cost paid to Ray Cross's profits because statistics prove every theft costs the contractor over £7.5k in downtime, disruption to business, crosshire etc. and it happens every day!
Tarmac & Ringway are excluded from all of this because they refuse to hire machines not secured by the Thatcham Cat P2 Certified Kosran ECV Plant Immobilisation System. This week Kosran saved two Ringway machines a JCB 530-70 and a TB016 Takeuchi both hired from GE Plant Hire.
Manufacturers' factory fitted electronic immobilisers as supplied by JCB; Kubota & Manitou will not stop plant being stolen.
Over 150 hire companies today put their customers at the heart of their business and supply 15,000 Kosran secured machines nationwide.
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For a demonstration at your depot Call: 0870 787 5687. Or visit www.kosran.com.
