100% Biker & Trike Magazine Forums

Go Back   100% Biker & Trike Magazine Forums > 100% Biker > Down The Pub

Notices

Reply
 
Thread Tools Display Modes
  #1  
Old 15-12-2010, 03:46 PM
Blue's Avatar
Blue Blue is offline
Administrator
 
Join Date: Apr 2004
Location: Off the beaten track
Posts: 4,452
Default Dockgate 20/Thames Valley H-D

Harley dealers
Reply With Quote
  #2  
Old 15-12-2010, 04:24 PM
rabidwombat's Avatar
rabidwombat rabidwombat is offline
Chat Pimp
 
Join Date: Nov 2008
Location: Worksop
Posts: 167
Default Holy Crap

I'd heard some mumblings. Bet they won't be the only ones to fall off the perch this winter.

Going back a few years there were many in the business that were saying that the amount of new HD dealerships coming online was ridiculous. Too many dealers and not enough customers. Evidence of this was the way that they would cut each others throats to get a sale. Great for the consumer in the short term but unsustainable in the long term. This philosophy might work in the car game, which is where these new guys have come from, but it doesn't work with "high end" two wheelers like Harleys.

I expect the world of the future to be one where the consumer pays the ticket price and no less and will bloody well have to wait for their new bike. Just like in the old days when Harleys were a premium product. If we ever get out of this recession (depression) I can see a situation where demand will outstrip supply. Considering that Harley keep reducing their production targets.

Any rumours about Lincoln HD going tits up are bollocks.
Reply With Quote
  #3  
Old 15-12-2010, 05:34 PM
strima's Avatar
strima strima is offline
Type like a Twat Me...
 
Join Date: Jul 2008
Location: St Neots, with the pointy heads...
Posts: 957
Default

Thought Dock Gate 20 had been a bit quiet recently.
__________________
The best part of you ran down the crack of your mothers arse!!!
Reply With Quote
  #4  
Old 16-12-2010, 02:12 PM
Blue's Avatar
Blue Blue is offline
Administrator
 
Join Date: Apr 2004
Location: Off the beaten track
Posts: 4,452
Default

The left hand doesn't know what the right hand is doing...
Reply With Quote
  #5  
Old 16-12-2010, 05:14 PM
rabidwombat's Avatar
rabidwombat rabidwombat is offline
Chat Pimp
 
Join Date: Nov 2008
Location: Worksop
Posts: 167
Default

It's an easy mistake to make. Suppose it's a bit like flammable and inflammable, solvent and insolvent. This is what happens when you put Dr Nick Riviera in charge of the PR department.
Reply With Quote
  #6  
Old 16-12-2010, 05:18 PM
Blue's Avatar
Blue Blue is offline
Administrator
 
Join Date: Apr 2004
Location: Off the beaten track
Posts: 4,452
Default

From what I can make out, the first release was essentially right, but the liquidators haven't been appointed yet. It's still the sort of thing that you should be 101% sure on be issuing a press release...
Reply With Quote
  #7  
Old 17-12-2010, 09:28 AM
wurzel wurzel is offline
Billy No Mates (only virtual ones!)
 
Join Date: Nov 2006
Posts: 1,007
Default

i would guess that actually they have made the decision to likely liquidate and have appointed an insolvency practitioner - however the practitioner was hoping for a trade sale which relied on making a pre-packaged sale of the entire companies assets before news of the insolvency hit the news-stands.

Now it has there will be a loss of Goodwill with suppliers etc and the value of the assets such as trading name is less - this means the insolvency practitioners will get less money back for the creditors (their main obligation and aim) which likely includes large amounts to HMRC. Somebody will get a severe kicking over letting the press release out as it likely cost creditors a pretty penny
Reply With Quote
  #8  
Old 18-12-2010, 11:05 AM
rabidwombat's Avatar
rabidwombat rabidwombat is offline
Chat Pimp
 
Join Date: Nov 2008
Location: Worksop
Posts: 167
Default It's True

Read This......

http://www.thisishampshire.net/news/...ership_closes/

There is more info on the HDRCGB Forum and it basically backs up the newspaper report.
Reply With Quote
  #9  
Old 20-12-2010, 03:17 PM
wurzel wurzel is offline
Billy No Mates (only virtual ones!)
 
Join Date: Nov 2006
Posts: 1,007
Default

Backs up what i said as well - they are trying to sell as going concern (harder now news has leaked out / been announced by HD)
Reply With Quote
  #10  
Old 22-12-2010, 09:16 PM
RobK's Avatar
RobK RobK is offline
Chat Slut
 
Join Date: Feb 2007
Posts: 116
Default

Yup, no surprise really. Been quiet for months.

Sorry for the staff etc, couldn't have come at worse time.

Having said that, when you focus purely on the 'disposable income' customer instead of the core people who _really_ want your products, you going to run into problems when recession bites.

I haven't spent any money in DG20 in ages. I prefer to go to independents who actually seem happy to have me as a customer.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 03:31 PM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2017, vBulletin Solutions, Inc.