Smiler400
Registered user
Just heard that Whites of Darlington have gone bust, can anyone confirm this?
Whites of Darlo`...gone bust ????
- Thread starter Smiler400
- Start date
I was in the Newcastle Triumph dealers on Friday & he said he had heard that the receivers had been called in at Whites last Wednesday.
PhilK
Registered user
I hadn't heard that - and I live in Darlo.
They were mucked about quite a lot by Honda. Honda said they needed a "Honda" only showroom - so they opened the one on North Road as just Honda - keeping the one on Corporation road (round the corner) for all the other stuff, trail bikes etc.
Then Honda wouldn't supply enough bikes to keep the showroom viable.
Same happened with Armstrongs in Middlesbrough
They were mucked about quite a lot by Honda. Honda said they needed a "Honda" only showroom - so they opened the one on North Road as just Honda - keeping the one on Corporation road (round the corner) for all the other stuff, trail bikes etc.
Then Honda wouldn't supply enough bikes to keep the showroom viable.
Same happened with Armstrongs in Middlesbrough
its tough out there even for bakers
No loss to me, they once sold me a GPZ 500 that was a repaired write off charging me top buck and neglected to tell me.
Good riddance to the owners but sympathy to the staff on losing their jobs
Good riddance to the owners but sympathy to the staff on losing their jobs
Smiler400
Registered user
Speak as you find mate, but I have nothing positive to say of my experiences of them, the woman in the clothing and Derek treat customers with total disregard. The last time I tried to buy a brand new bike from them (Z750s, 2006) they were £1800 more expensive than where I did get it from and Derek told me "take it or leave it". I left it.
Dereks opinion of internet sales/business had to be heard to be believed.
I feel sorry for their employees, those owed money too (if any) and all made worse because of the time of year too. Been in business there since 1919 too.
Mort
Registered user
It's all true I'm afraid, receivers were in on Wednesday.
The bike industry has had a very hard year, and sadly, I've no doubt there will be more shops to follow in their footsteps.
Peter at Tillstons must be chuffed to bits though, he's the only Honda dealer left for miles for now. New Honda store opens on Scotwood road in the new year
The bike industry has had a very hard year, and sadly, I've no doubt there will be more shops to follow in their footsteps.
Peter at Tillstons must be chuffed to bits though, he's the only Honda dealer left for miles for now. New Honda store opens on Scotwood road in the new year
Smiler400
Registered user
What actually happens in such cases Mort? Is the equipment/stock taken back, or sold so the creditors(?) recoup some losses?
The receivers initially try to find a buyer for the whole business as a going concern............ lock, stock and barrel
If this can't be achieved, then the business is broken up and sold off piecemeal - property/stock/assets and cash and any tangible guarantees that the director's may have given
I would think the Bank and/or Honda will be the biggest creditor
Usual format - after a sale or sales, have been achieved the receiver gets paid first, then HMRC, then the Bank etc - subject to anything outstanding...................the minnows get whatever is left
Smiler400
Registered user
Mort
Registered user
As a Honda dealer, Honda themselves have access to your bank account at any time, when they feel things are going t*ts up they are first to get their money
As a trade supplier (as I am) if a dealer has your stock (lets say 50 helmets) and goes into liquidation you can't just walk in and say "I'll have them back" that would make you a prefered creditor. You can stand there and see your stock, have an unpaid invoice in your hands and still never get your stock back
There have been cases in the past when the owner knows he's going to close down he's given me the nod to go in and recover stock to the value of what is outstanding.
As a trade supplier (as I am) if a dealer has your stock (lets say 50 helmets) and goes into liquidation you can't just walk in and say "I'll have them back" that would make you a prefered creditor. You can stand there and see your stock, have an unpaid invoice in your hands and still never get your stock back
There have been cases in the past when the owner knows he's going to close down he's given me the nod to go in and recover stock to the value of what is outstanding.
As a Honda dealer, Honda themselves have access to your bank account at any time, when they feel things are going t*ts up they are first to get their money
As a trade supplier (as I am) if a dealer has your stock (lets say 50 helmets) and goes into liquidation you can't just walk in and say "I'll have them back" that would make you a prefered creditor. You can stand there and see your stock, have an unpaid invoice in your hands and still never get your stock back
There have been cases in the past when the owner knows he's going to close down he's given me the nod to go in and recover stock to the value of what is outstanding.
There is a way to protect unpaid invoices.
When you invoice the dealer ensure you have in large print on the invoice:
"THE GOODS ON THIS INVOICE REMAIN THE PROPERTY OF YOUR NAME LTD UNTIL THE INVOICE VALUE IS PAID IN FULL"
This way you are in effect "merchandising" so the stock remains your property.
Mort
Registered user
That can work on some items the problem is when they have bought the same thing more than once. For example if they bought a blue, medium helmet in March, June and July and they paid 2 out of the three invoices then you have to be able to prove the one in stock is the very one off the unpaid invoice. It would be too much work to individually put indentifying marks on every item, we have 7000 lines. It does work on items like bikes of course.
Edit, just for the record, in 20 years I have never had a payment issue from Whites.
In fairness i never did business or bought a bike of Derek, I new him mainly through trials. He did seem to have long standing staff though. Wonder what will happen to Al 'the spanner' Winter.
PhilK
Registered user
All the stock (bikes, clothes, tools, spares, etc) from Whites is to be sold via an on-line auction.
See - http://www.bidspotter.co.uk/forms/SaleDetails.php?eventid=464
Bids close 20th Jan.
See - http://www.bidspotter.co.uk/forms/SaleDetails.php?eventid=464
Bids close 20th Jan.
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