Hein Gericke (UK) is in administration as of 30th July!!

[Scotsman37]

Just got the email from them and they've gone into administration as of 30th July, and everything has been reduced to clear all their UK stores!!!

[Rogerborg]

Heh, we know, see General Chat. It's just another HG sale, the stuff won't really be any cheaper than it was last week.
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GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike

[Scotsman37]

Couldn't Trading Standards actually prosecute/fine them distributing a missleading Ad, if true, about their UK section gone into Administration which is different from the usual 'Closing Down for Refit!'.

[Kawksam]

shame i started working at start of July and nottingham is a good store to work for.

[FantasticMrFo...]

[recman]

Afaik, the UK side of HG isn't owned by ze Germans, its just a sister company so one option may be that they get bought by Fritz, possibly along with a UK based accessories company.

[Barnaby]

Hein Gericke (UK) Limited went into administration for 2 main reasons.

1. It didn't make enough money.

2. It has no immediate prospects of making enough money.

I've always kept one eye on the company, I'm very interested in how business's work & have always been particularly interested in HG's high margin yet low turnover retail business model incorporating a mix of managed & franchised outlets.

It lasted a lot longer than I predicted, when it first kicked off I had them down to survive for 2yrs !

I'd love to dive into the accounts & find out how many of those franchisee's have lost their shirts.

I have no hesitation in doing business in general with Co's in administration, personally I wouldn't do business with HG if they were booming, but anyone considering attempting to pick up a bargain (you won't) in the forthcoming sales should take note :

This Co' will soon be liquidated, no one in their right mind would take it on as a whole, even if it can be sold off in parcels the new owners won't want to take on any responsibility for HG's past liabilities. If you purchase what you think might be a bargain in the forthcoming 'fire sale', then you have no warranty for assurance.

Make sure any purchase is done on a credit card & is above £100 !

If anyone comes across a forum where disgruntled HG franchisee's are venting their spleens, please let me know. I'd like a chat with one or two of them.
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"I don't hate the Welsh, I pity them. Even the Scots & the Irish look down on them." Anon.

[Chris750]

[Barnaby]

[Chris750]

[Kawksam]