25.11.2015

Kam Liquidation confirmed

We now have final confirmation that UK sales company KAM trading has been declared insolvent and is being liquidated.

Kam also traded as Dingli Platform Sales UK was founded by Philip O’Donnell with the support of James Darnley, to sell Dingli aerial lifts in the UK, along with other access and lifting equipment following the failure of Oswald Record, shortly after it had been sold by Lifterz parent LSG.

In addition to Dingli O'Donell claimed during his time at the company that it was the UK and Ireland importer and distributor of Faresin Telescopic Handlers and Manotti Truck Mounted platforms and cranes, although it is possible that official distribution contracts were not fully agreed with any of them See new dealer for Dingli

O’Donnell, who has previous business failures, left the company in August after backers were said to have invested new funds. Ian Murray was then joined by James Darnley in a bid to save the company at that time. See changes at Kam Trading
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Philip O’Donnell

We understand that problems that were discovered since O'Donell departured, made it progressively clear that the company's financial problems were too severe to save the business.

Insolvency practitioners Panos Eliades Franklin & Co have been appointed and can be contacted on +44-(0)20 8731 6807.

Vertikal Comment

Philip O’Donnell certainly has the ‘gift of the gab’ and can sell equipment, but he also appears to find it impossible to run a business in profit for any period of time, simply moving on and starting up all over again with a new venture. It is a trait that we have seen a few times before in the crane and access industry in several countries, although improved communications and exchange of information does seem to have made it more difficult for them .

The sad thing is that good, usually honest trusting people, are caught by traders who follow this pattern.
The law seems incapable of stopping them popping up time and time again. Although occasionally they do eventually reach the end of the road and are obliged to emigrate to continue their activities elsewhere.