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george whites empire gone pop
Posted: Thu Jan 19, 2012 8:16 pm
by chaz
looks like the empire of George White haS gone to administration /receivership.
George started at Swindon being an ex Swindon Speedway rider then got bigger and bigger. the final straw must have been moving into the big greenhouse on the new site and trying for world domination and British Superbike sponsorship all when there is a recession in the air..
lost the personal touch
Re: george whites empire gone pop
Posted: Thu Jan 19, 2012 8:49 pm
by Kev L
Never good to see any company associated with bikes go bang like that. Hope their employees find jobs quickly if the company does fold. How many times do you see this in the bike world, companies getting larger and larger until they burst. Shame.
Re: george whites empire gone pop
Posted: Thu Jan 19, 2012 8:58 pm
by Stratman
Amazingly Kodak are no more either.
Re: george whites empire gone pop
Posted: Thu Jan 19, 2012 10:01 pm
by tony.mon
Stratman wrote:Amazingly Kodak are no more either.
Yes, when he announced the negative losses on the news the flash chairman's face was a picture.
etc, etc.
Re: george whites empire gone pop
Posted: Fri Jan 20, 2012 4:08 am
by seb421
Gutted for them.
Wonder what's going to happen to all the Stock at the new Bolton Store, i was Saving up for some leathers!
You think they will be sold off some where cheap?
Re: george whites empire gone pop
Posted: Fri Jan 20, 2012 2:54 pm
by Stratman
tony.mon wrote:Stratman wrote:Amazingly Kodak are no more either.
Yes, when he announced the negative losses on the news the flash chairman's face was a picture.
etc, etc.
He put everyone in the frame, though some thought there was a lack of transparency
Re: george whites empire gone pop
Posted: Fri Jan 20, 2012 3:10 pm
by mark skett
so has the shop at bolton closed down now....i know in november-december they were selling everything off cheap in a big sale. well except for the fat fecker stuff that i need.
Re: george whites empire gone pop
Posted: Fri Jan 20, 2012 3:41 pm
by chaz
anything that has not been paid for from suppliers, manufacturers leather suppliers etc is the property of them still so would be collected with / after consultation with administrators. bikes paid for are owners, subject to proof of ownership. bikes in for repair are owners property as long as bills paid for and proof of ownership. even trade displays are owned by the supplier .
when Taylors went in town, once owners and trade were sorted, the rest was put up for auction to pay creditors. there were about 20 of us waiting and bidding on the lots. one couple bid £12k for the lot and was sold to them. the rest of our bids didnt exist then. fact is they could hve made 20+k but was easier for paperwork to sell in one lot. personally I was bidding on 5 items total £2k tools ramps etc multiply by all of us and more money could have been raised.
if there is an auction you might not get a chance to buy anyway
Re: george whites empire gone pop
Posted: Fri Jan 20, 2012 7:35 pm
by MacV2
Shame when any one goes bust it's always the workers who suffer
didn't someone from here work there? He used to have the GW bit in his banner but the name escapes me.
Mac
Re: george whites empire gone pop
Posted: Fri Jan 20, 2012 7:41 pm
by MacV2
Stratman wrote:tony.mon wrote:Stratman wrote:Amazingly Kodak are no more either.
Yes, when he announced the negative losses on the news the flash chairman's face was a picture.
etc, etc.
He put everyone in the frame, though some thought there was a lack of transparency
Yeah there were some very Brownie trousers at the last board meeting. All this talk of not keeping up with the digital age seems they just couldn't focus. F2.8 @ 1000th with 400ASA.
Re: george whites empire gone pop
Posted: Sat Jan 21, 2012 11:01 pm
by tony.mon
MacV2 wrote:Stratman wrote:Stratman wrote:Amazingly Kodak are no more either.
He put everyone in the frame, though some thought there was a lack of transparency
Yeah there were some very Brownie trousers at the last board meeting. All this talk of not keeping up with the digital age seems they just couldn't focus. F2.8 @ 1000th with 400ASA.
Well, when the business can't make money it's best to shutter.