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<blockquote data-quote="b'knighted" data-source="post: 167433" data-attributes="member: 59"><p>I served my apprenticeship with a third or fourth generation engineering company, run by family engineers. Much of the heavy plant, such as the 25 foot swing lathe, had been taken in war reparations. I left to gain experience with other engineering companies then returned in a senior staff position. Shortly after that we got a new MD who sadly was an accountant rather than an engineer. He found that our vertical borer which had not cost the company anything could be sold for £6000. Instant profit.</p><p>The following year we spent £25K getting the vertical boring work done by different company. The company didn’t last long after that with the massive factory site becoming a trading estate.</p></blockquote><p></p>
[QUOTE="b'knighted, post: 167433, member: 59"] I served my apprenticeship with a third or fourth generation engineering company, run by family engineers. Much of the heavy plant, such as the 25 foot swing lathe, had been taken in war reparations. I left to gain experience with other engineering companies then returned in a senior staff position. Shortly after that we got a new MD who sadly was an accountant rather than an engineer. He found that our vertical borer which had not cost the company anything could be sold for £6000. Instant profit. The following year we spent £25K getting the vertical boring work done by different company. The company didn’t last long after that with the massive factory site becoming a trading estate. [/QUOTE]
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