Hein Gericke in administration?

[JZS 600]

Apparently so according to the news.

Time for a sale?

[locksmith]

I started a thread about them possibly in decline a few months ago, sadly looks like I was right.

[Tefer]

All over Twitter - Just bought new boots a couple of months back, hope there is nowt wrong with them!

[Grahamm]

From MCN:

Hein Gericke UK has been placed into administration with buyers for the British arm of the German parent company now being sought.

The administrators, Moorfields Corporate Recovery are looking to sell the business and have invited interested parties to get in touch by Monday 6th August.

Maybe we should save up?

[dolau]

M&P? Their new temporary place is shite! waiting for them to move to new premises across the road

[Buzz]

@JZS 600 - I reckon it's cos of all that cheap 10/50w you bought!!

[JZS 600]

Now I'm after the rest for my stockpile!

I'll be able to trade it on the stock market.

[Fazerider]

Can't say I'm surprised.
Their website's a mess and the my nearest store always seemed worryingly quiet whenever I dropped in. That and their pricing structure which was either too high or too low (not that I'm complaining about a dozen litres of 10W-40 semi-synthetic for £30, delivered), made it hard to see how they could make a profit.
Which, of course, they don't: pre-tax loss of £1.3M last year on sales of £18.2M.

[pitternator]

£18m sales....sad they couldnt turn a profit on it. I too expected this to happen, when they were always offering mad discounts...it will never work, just keeps squeezing profits even more.

[DryRob]

bollocks I've got a credit note with them  :rolleyes

[locksmith]

Closing down sale now on, so they're winding it up then

[ddtwelve]

here we its official

[DryRob]

I went earlier, don't know if it was just the one in Hull but there weren't many bargins to be had. 20% off most clothing and 10% off helmets but considering the high prices to begin with I wasn't tempted. Think the staff were unpacking new stock as well...

[ddtwelve]

MMM got to keep the europeans in a job :eek

[Jamieg285]

I went earlier, don't know if it was just the one in Hull but there weren't many bargins to be had. 20% off most clothing and 10% off helmets but considering the high prices to begin with I wasn't tempted. Think the staff were unpacking new stock as well...

Ditto. I was very disappointed.  I've got myself fully kitted out by my local store over the last couple of months.  I went in hoping to pick up some bargains, but these deals are worse than all of the ones I used to get my other stuff.


I'll wait and see if the prices drop any more.

[locksmith]

They've stopped sending 25% off vouchers for some reason

[breadlord]

AND I'M IN THE WRONG COUNTRY. ARSES

[JZS 600]

I should have bought more oil,,,,,,,,,    :'(

[red98]

went in york branch last week and they offered me 30% discount on everything........i got the inpression that i could haggle with that aswell 

[SEPTIKANGEL]

Sad times, but needs must, so went to Liverpool store today, 20%, 25% and 40% off some stuff.
For example, £44.99 for 1 set of EBC brake pads with 40% off........ that makes £26.99.
I walked out having bought nothing.
Closing down sales don't have customers walking out having spent nothing.
I can get 2 sets of the same pads off Ebay for just over £40 posted.  Only slightly more at a local dealer not associated with HG.
The staff at Liverpool have been great to me as a customer over the years, for which I am very grateful and I have put quite a bit of business their way, but previous 'get the customer in' sales were far better than their closing down sale is now.  I ain't buying 'owt yet, not 'till they really close down.