£250,000 Turnover With 250,000 Customers? - Big Brother

Man Parrish · 03-01-2008, 22:20

Did that guy that say he has £250,000 turnover with a quarter of a million customers. So his customers pay £1 for his service?

BigBum · 03-01-2008, 22:22

Heard that too!

Toxic Bunni · 03-01-2008, 22:22

Haha, I didn't realise that

dj sunset · 03-01-2008, 22:23

i think it was a £200,000 turnover.

i know a lot of people who turn over that much in a day, and i've done it myself.

bizarre.

swingaleg · 03-01-2008, 22:24

When he says he's 'done business' with 250,000 firms, I expect he means they've clicked on his website.........

googleking · 03-01-2008, 22:27

His company ---> http://www.oxyuktechnologies.com/aboutus.html

Never heard of them.

Man Parrish · 03-01-2008, 22:31

Quote:

Originally Posted by dj sunset

i think it was a £200,000 turnover.

i know a lot of people who turn over that much in a day, and i've done it myself.

bizarre.

So they're paying even less than a pound a go? And did he say he had 13 employees? What does he pay them £8k a year?

mrsuperbock · 03-01-2008, 22:32

It doesnt quite add up does it...

googleking · 03-01-2008, 22:38

Quote:

Originally Posted by Man Parrish

So they're paying even less than a pound a go? And did he say he had 13 employees? What does he pay them £8k a year?

Companies House website seems to be a bit broken at the moment, but his company is listed which means we can get his last set of summary accounts and find out! Should only cost £1 I think.

http://www.companieshouse.gov.uk/WebCHeck/fastrack/

MacattacK · 03-01-2008, 22:42

Perhaps he meant that he was turning a profit of £250k rather than an overall turnover. Youngsters eh? Bless.

Don't like his website though. It's very obviously a template.

---------------

Went digging in the code. It's a template created by www.homestead.com - I thought this guy did websites?

wsces · 03-01-2008, 22:44

Have run a few checks (I have unlimited companies house queries) and his current company was incorporated on 16th Jan 2007 and therefore hasn't submitted any annual returns yet.

This was the first UK Limited Company that Liam has been associated with according to their records.

EDIT: N.B. I should explain this data was from Creditsafe UK (a service which archives Companies House data and adds additional functionality) rather than Companies House itself as they are closed in the evenings I believe.

Poochland · 03-01-2008, 22:44

There's no way he could "employ" so many people on a T/O of £200k. perhaps they meant NP of £200K or these employees actually just earn a commission as agents ?

I don't think companies house allows webchecks in the evening.

grannyzee · 03-01-2008, 22:52

Quote:

Originally Posted by Man Parrish

Did that guy that say he has £250,000 turnover with a quarter of a million customers. So his customers pay £1 for his service?

He did say £200,000, but I think he meant profit, not turnover.

BigBum · 03-01-2008, 22:53

Can't wait to read his auto-biog!

googleking · 03-01-2008, 22:57

Quote:

Originally Posted by Poochland

There's no way he could "employ" so many people on a T/O of £200k. perhaps they meant NP of £200K or these employees actually just earn a commission as agents ?

I don't think companies house allows webchecks in the evening.

Nah it normally goes until midnight Mon-Fri, just seems to be broken tonight.

But looks like wsces has answered the question anyway.

Dant27 · 03-01-2008, 22:57

We do a similar thing to him, Hosting, Web Design etc.

When he says "employs" I'd imagine he is including freelance programmers, web designers, support people that are paid per job, rather than on a full time salary.

What's he doing stopping taking the hosting orders, surely if you know you are going on BB you would have your wares available for sale

I think he must have more sites than the one we have found, I know Alexa isn't the best traffic estimator but if he's making £200,000 from a site with the traffic rank below then he should be bottling up his formula and selling it on!

http://www.alexa.com/data/details/ma...chnologies.com

Man Parrish · 03-01-2008, 23:00

People seem to think that a managing director of a company doesnt know the difference between profit and turnover. They always talk about turnover as it is the larger number and sounds more impressive

wsces · 03-01-2008, 23:05

Does seem interesting that he hasn't be associated with any previous companies and the current one has only been incorporated in the last year - meaning the claim he's been 'running a company' since the age of 13 isn't exactly the whole truth.

Obviously he could have been talking about a sole trader, but what sole trader employs 12 people and has over a quarter of a million clients?

Has his business grown substantially in the last year since he incorporated - maybe.. but by 225k clients? You be the judge.

Poochland · 03-01-2008, 23:05

Quote:

Originally Posted by Man Parrish

People seem to think that a managing director of a company doesnt know the difference between profit and turnover. They always talk about turnover as it is the larger number and sounds more impressive

From experience I've found several MDs get confused between GP / NP and T/O ... and don't even mention margin and mark up

wsces · 03-01-2008, 23:14

After some more digging...

Here's Liam selling a domain which I would say, not being an expert, would be a fairly highly sought after purchase (thewebsiteforum.com) for a measly £10 (with a profit of approx £2 at todays prices), payment accepted via paypal less than two years ago.

This guy is turning over £250k? Wow!

http://www.webhostingtalk.com/showthread.php?t=479891

MacattacK · 03-01-2008, 23:17

Quote:

Originally Posted by swingaleg

I've got into the site OK..........but nothing to report.

As stated above, it's a new company and hasn't filed any Accounts or Return as yet..........

Registered Office -

166 LIVERPOOL ROAD
WIDNES
WA8 7JB

No charges against the Company

Director - Liam Young

Secretary - Debra Cotterill

Also interesting is that he lists his address on the website as:

OxyUK Technologies Group, Parr Street Studios, 33-45 Parr Street, Liverpool, L1 4JN

3345 Parr Street being a quite nice building full of a dozen little cubicle offices which you can rent and they offer 'virtual office' packages and mailing addresses. I go there about once a month. Next there at the end of January which will be too late to have a nosy around.

So the address in Widnes (Halton, really): his mothers house?

googleking · 03-01-2008, 23:21

Quote:

Originally Posted by wsces

After some more digging...

Here's Liam selling a domain which I would say, not being an expert, would be a fairly highly sought after purchase (thewebsiteforum.com) for a measly £10 (with a profit of approx £2 at todays prices), payment accepted via paypal less than two years ago.

This guy is turning over £250k? Wow!

http://www.webhostingtalk.com/showthread.php?t=479891

Yep found this link too with some deep googling

http://www.webhostingtalk.com/archiv.../t-448560.html

Looks like he's been peddling the 2million customers claim for some time, whilst busy ripping people off.

As pointed out in that thread or the ones linked in it, if he's got so many customers, why would he get so upset about just one of them.

At the end of the day he's just a web space reseller monkey, which anyone can do. I do a little bit of it on the side of my own company, but it doesn't make enough money to warrant spending much time on it, I just do web hosting as a convenience to some of my other customers.

wsces · 03-01-2008, 23:21

http://www.webhostingtalk.com/showthread.php?t=479891 Old news I know - but this doesn't bode too well for the lad.

swingaleg · 03-01-2008, 23:23

Quote:

Originally Posted by MacattacK

So the address in Widnes (Halton, really): his mothers house?

Hi Mac !..........

Probably, it's given as the registered office and the home address of the Director & Secretary.........

Perhaps 'Debra' is his mum ?

Toxic Bunni · 03-01-2008, 23:24

Quote:

Originally Posted by wsces

http://www.webhostingtalk.com/showthread.php?t=479891 Old news I know - but this doesn't bode too well for the lad.

03-01-2008, 22:20	#1
Man Parrish Forum Member Join Date: Aug 2007 Location: Witchhunting Posts: 2,054	£250,000 Turnover With 250,000 Customers? Did that guy that say he has £250,000 turnover with a quarter of a million customers. So his customers pay £1 for his service?

03-01-2008, 22:22	#2
BigBum Forum Member Join Date: Nov 2007 Location: Glasgow Services: the sick Posts: 1,528 Blog Entries: 1	Heard that too!

03-01-2008, 22:22	#3
Toxic Bunni Banned User Join Date: Jun 2006 Location: 0207 baby! Posts: 11,925	Haha, I didn't realise that

03-01-2008, 22:23	#4
dj sunset Forum Member Join Date: Aug 2004 Posts: 6,538	i think it was a £200,000 turnover. i know a lot of people who turn over that much in a day, and i've done it myself. bizarre.

03-01-2008, 22:24	#5
swingaleg Forum Member Join Date: Nov 2002 Gender: Not specified Location: London Services: Telewest Digital Malarky Posts: 47,051	When he says he's 'done business' with 250,000 firms, I expect he means they've clicked on his website.........

03-01-2008, 22:27	#6
googleking Forum Member Join Date: Sep 2003 Location: West London Services: freeview, freesat, iplayer and other online services :) Posts: 8,659	His company ---> http://www.oxyuktechnologies.com/aboutus.html Never heard of them.

03-01-2008, 22:32	#8
mrsuperbock Forum Member Join Date: Jun 2005 Posts: 93	It doesnt quite add up does it...

03-01-2008, 22:42	#10
MacattacK Forum Member Join Date: May 2003 Gender: Male Location: Manchesterford! Services: Big fat gay; I've had a gorgeous PC for over 6 years. Gawd time flies! Posts: 6,994	Perhaps he meant that he was turning a profit of £250k rather than an overall turnover. Youngsters eh? Bless. Don't like his website though. It's very obviously a template. --------------- Went digging in the code. It's a template created by www.homestead.com - I thought this guy did websites?

03-01-2008, 22:44	#11
wsces Forum Member Join Date: Mar 2003 Services: Freeview, Sky Digital, Sky+, TalkTalk, BT Broadband Posts: 88	Have run a few checks (I have unlimited companies house queries) and his current company was incorporated on 16th Jan 2007 and therefore hasn't submitted any annual returns yet. This was the first UK Limited Company that Liam has been associated with according to their records. EDIT: N.B. I should explain this data was from Creditsafe UK (a service which archives Companies House data and adds additional functionality) rather than Companies House itself as they are closed in the evenings I believe.

03-01-2008, 22:44	#12
Poochland Forum Member Join Date: Sep 2004 Services: Sky HD Posts: 4,471	There's no way he could "employ" so many people on a T/O of £200k. perhaps they meant NP of £200K or these employees actually just earn a commission as agents ? I don't think companies house allows webchecks in the evening.

03-01-2008, 22:53	#14
BigBum Forum Member Join Date: Nov 2007 Location: Glasgow Services: the sick Posts: 1,528 Blog Entries: 1	Can't wait to read his auto-biog!

03-01-2008, 22:57	#16
Dant27 Forum Member Join Date: Jan 2007 Location: North Yorkshire Services: SkyHD, ADSL MAX Posts: 191	We do a similar thing to him, Hosting, Web Design etc. When he says "employs" I'd imagine he is including freelance programmers, web designers, support people that are paid per job, rather than on a full time salary. What's he doing stopping taking the hosting orders, surely if you know you are going on BB you would have your wares available for sale I think he must have more sites than the one we have found, I know Alexa isn't the best traffic estimator but if he's making £200,000 from a site with the traffic rank below then he should be bottling up his formula and selling it on! http://www.alexa.com/data/details/ma...chnologies.com

03-01-2008, 23:00	#17
Man Parrish Forum Member Join Date: Aug 2007 Location: Witchhunting Posts: 2,054	People seem to think that a managing director of a company doesnt know the difference between profit and turnover. They always talk about turnover as it is the larger number and sounds more impressive

03-01-2008, 23:05	#18
wsces Forum Member Join Date: Mar 2003 Services: Freeview, Sky Digital, Sky+, TalkTalk, BT Broadband Posts: 88	Does seem interesting that he hasn't be associated with any previous companies and the current one has only been incorporated in the last year - meaning the claim he's been 'running a company' since the age of 13 isn't exactly the whole truth. Obviously he could have been talking about a sole trader, but what sole trader employs 12 people and has over a quarter of a million clients? Has his business grown substantially in the last year since he incorporated - maybe.. but by 225k clients? You be the judge.

03-01-2008, 23:14	#20
wsces Forum Member Join Date: Mar 2003 Services: Freeview, Sky Digital, Sky+, TalkTalk, BT Broadband Posts: 88	After some more digging... Here's Liam selling a domain which I would say, not being an expert, would be a fairly highly sought after purchase (thewebsiteforum.com) for a measly £10 (with a profit of approx £2 at todays prices), payment accepted via paypal less than two years ago. This guy is turning over £250k? Wow! http://www.webhostingtalk.com/showthread.php?t=479891

03-01-2008, 23:21	#23
wsces Forum Member Join Date: Mar 2003 Services: Freeview, Sky Digital, Sky+, TalkTalk, BT Broadband Posts: 88	http://www.webhostingtalk.com/showthread.php?t=479891 Old news I know - but this doesn't bode too well for the lad.