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xX-Alex-Xx |
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xX-Alex-Xx World Chat Champion
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Fat Angry Scotsman |
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Fat Angry Scotsman World Chat Champion
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A100man |
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A100man World Chat Champion
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Posted: 12:20 - 10 Dec 2021 Post subject: |
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Fat Angry Scotsman wrote: | A100man wrote: | As someone who thinks they are reasonably well informed I still have no understanding of business practices such as those above. How does a compnay that loses 9 million over two years stay in business? Huge assets? Beats me. |
As long as their liabilities are less than their assets they are still a going concern so long as they continue to have cash flow. They appear to have used loans and financing to help. |
Yes, so if you know how to work the strings of the 'big' business marionette you can still make money on a failing business? From the pics there looks to be (very roughly) about 300 bikes in that hanger 1.5m assets.. ____________________ Now: A100, GT250A, XJ598, FZ750
Then: Fizz, RS200, KL250, XJ550, Laverda Alpina, XJ600, FZS600 |
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Fat Angry Scotsman |
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Fat Angry Scotsman World Chat Champion
Joined: 12 Jan 2021 Karma :
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Posted: 12:31 - 10 Dec 2021 Post subject: |
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A100man wrote: | Yes, so if you know how to work the strings of the 'big' business marionette you can still make money on a failing business? From the pics there looks to be (very roughly) about 300 bikes in that hanger 1.5m assets.. |
In their accounts they list their assets as:
Fixed Assets:
Intangible = £178,078,
Tangible = £1,433,572
Investments = £120.
Total Fixed Assets = £1,611,770.
Intangible assets are normally bullshit like goodwill. When I look at accounts I ignore them and treat them as vapourware. Tangible assets are ones that you can kick (i.e. physical in nature). Depending on the type, I find that intellectual property (trademarks, registrations, patents, etc) can be put into either kind.
Current Assets:
Stocks = £3,744,037,
Debtors = £596,388,
Cash = £1,341,544.
Total Current Assets = £5,711,969
TOTAL ASSETS = £7,323,739
So their total assets exceed their creditors and other liabilities. ____________________ PRESENT: 2018 BMW S1000XR SE Sport.
PAST: 2009 Kawasaki ER-6F. 2021 Zontes ZT-125U. |
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A100man |
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A100man World Chat Champion
Joined: 19 Aug 2013 Karma :
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Posted: 12:46 - 10 Dec 2021 Post subject: |
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Fat Angry Scotsman wrote: | A100man wrote: | Yes, so if you know how to work the strings of the 'big' business marionette you can still make money on a failing business? From the pics there looks to be (very roughly) about 300 bikes in that hanger 1.5m assets.. |
In their accounts they list their assets as:
Fixed Assets:
Intangible = £178,078,
Tangible = £1,433,572
Investments = £120.
Total Fixed Assets = £1,611,770.
Intangible assets are normally bullshit like goodwill. When I look at accounts I ignore them and treat them as vapourware. Tangible assets are ones that you can kick (i.e. physical in nature). Depending on the type, I find that intellectual property (trademarks, registrations, patents, etc) can be put into either kind.
Current Assets:
Stocks = £3,744,037,
Debtors = £596,388,
Cash = £1,341,544.
Total Current Assets = £5,711,969
TOTAL ASSETS = £7,323,739
So their total assets exceed their creditors and other liabilities. |
Presumably these valuations are seldom challenged and so 'failing' businesses can still pay their directors high salary until the last moment? Is you accountant? ____________________ Now: A100, GT250A, XJ598, FZ750
Then: Fizz, RS200, KL250, XJ550, Laverda Alpina, XJ600, FZS600 |
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Fat Angry Scotsman |
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Fat Angry Scotsman World Chat Champion
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A100man |
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A100man World Chat Champion
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Posted: 15:12 - 10 Dec 2021 Post subject: |
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Fat Angry Scotsman wrote: |
Nope, I am an Engineer by profession but worked my way up to Director level. My honours and masters degrees were in Civil Engineering but when I did my PhD it was in Materials Engineering.
Nowadays my role is much more commercial in nature and developing partnerships with companies that use and specify the use of our products. I need to evaluate the companies we are getting into partnerships with because there's no point going to that effort and expending resource if the other party is going to go tits up. I also need to spread awareness of the technical capabilities of the company so I spend a lot of time on technical committees, lobbying, engaging with trade groups and such. |
Blimey.. 'Fat Angry Cleverclogs Scotsman' ____________________ Now: A100, GT250A, XJ598, FZ750
Then: Fizz, RS200, KL250, XJ550, Laverda Alpina, XJ600, FZS600 |
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Fat Angry Scotsman |
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Fat Angry Scotsman World Chat Champion
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MarJay |
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MarJay But it's British!
Joined: 15 Sep 2003 Karma :
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adam277 |
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adam277 Spanner Monkey
Joined: 29 Jul 2012 Karma :
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Posted: 20:13 - 10 Dec 2021 Post subject: |
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A100man wrote: | Fat Angry Scotsman wrote: |
They have separate companies for that:
Superbike Factory Ltd handles the purchasing and sales of the bikes themselves along with maintenance and service activities. They turned over £28,097,650 last year which yielded a gross profit of £6,175,647.
Superbike Loans Ltd handles the financing activities. They turned over £908,338 last year which yielded a gross profit of £908,338 and a net profit of £241,280.
Interestingly there is a parent company Project Vincent Topco Ltd (changed name to Superbike Factory Holdings Ltd) and another company set up solely to pay their Directors: Project Vincent Bidco Ltd. This appears to have been the vehicle used to acquire Superbike Factory as part of a Management Buy-Out in 2017 by Livingbridge Enterprise 2 LLP.
Due to the losses, the Directors and Shareholders (same Directors by the information in the Annual Returns) they didn't receive any dividends but they did pay themselves £671,639.00 between the four of them (approx. £167,909 each). Not bad for making huge losses every year. Nice.
For comparison, their non-Director staff were paid in total £3,192,404 among 122 staff (removed 4 Directors from total staff number) which means the average salary there is around £26,167.
They reported a group loss of £5,024,969 for 2020 and a loss of £3,939,331 for 2019. |
As someone who thinks they are reasonably well informed I still have no understanding of business practices such as those above. How does a compnay that loses 9 million over two years stay in business? Huge assets? Beats me. |
Also superbikefactory have been going on a huge buying spree of motorcycle the past few years with webuyanybike.
They are also opening other showrooms up which seems to be under the same mould of storing as many bikes as possible in one place. For example their new Donnington Park showroom. ____________________ Bikes: Previous Bikes: Piaggio x8 125: 2012/2013, YBR 125: 2013/2013 BMW R1150GS 2013/2017, Honda CBR600RR 2017/2017, Honda CB500 2018/2018, Suzuiki Address 110cc 2019/2020, BMW R1200GS 2021-2023
Current Bike: Honda CBF 125: current |
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Ste |
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Ste Not Work Safe
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JackButler |
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JackButler Traffic Copper
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Nobby the Bastard |
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Nobby the Bastard Harley Gaydar
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Fat Angry Scotsman |
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Fat Angry Scotsman World Chat Champion
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Easy-X |
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Easy-X Super Spammer
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myvision |
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myvision Scooby Slapper
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andys675 |
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andys675 World Chat Champion
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adam277 |
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adam277 Spanner Monkey
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struan80 |
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struan80 World Chat Champion
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adam277 |
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adam277 Spanner Monkey
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Posted: 19:28 - 13 Jan 2022 Post subject: |
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So I got my bike from superbikefactory.
R1200GSA.
Was all brought online.
Overall I'd say it was an average experience.
I'd rate it 5.5/10.
Firstly, I ordered the bike on the 18/11/2021 and it took until around th 18/12/2021 to get the bike actually delivered.
They had to replace an ABS pump. Which despite asking for I got no receipt of any work carried out. They said they do not provide these.
They also kept it longer to fit 'service' parts to the bike. By this I presume they meant either oil, pads or something similar.
Again, all they would tell me is it is in the workshop and they can not tell me what is being done to the bike. They would also not give me any invoice of work being carried out.
Needless to say I was not happy but, I still went through with the purchase.
Upon recieving my bike, I noticed a few rust bits and slight bits of damage not evident in the listing. But as it is a 15 year old bike it wasnt really an issue and the bike overall was in good condition. I wasn't too happy that the tyres had 2mm of tread on them though. They have like 1000 miles on them left.
So, I took it to a BMW Indie specialist to give the bike a look over. He took it apart a bit and confirmed it is a solid bike and the ABS pump was fitted properly. He also confirmed they basically used a load of pattern/generic stuff when servicing it though. e.g. Ail Filter, Oil Filter, and Oil. So he changed all that.
Would I use Superbikefactory again? Maybe for a cheap 125. I would not use them for a purchase over 5k again though. Especially with their crappy 28 day warranty. They do have a 2 year warranaty they try to upsell on you though, but their is a claim limit on that so probably not worth it. ____________________ Bikes: Previous Bikes: Piaggio x8 125: 2012/2013, YBR 125: 2013/2013 BMW R1150GS 2013/2017, Honda CBR600RR 2017/2017, Honda CB500 2018/2018, Suzuiki Address 110cc 2019/2020, BMW R1200GS 2021-2023
Current Bike: Honda CBF 125: current |
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Nobby the Bastard |
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Nobby the Bastard Harley Gaydar
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adam277 |
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Nobby the Bastard |
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Nobby the Bastard Harley Gaydar
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adam277 |
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Nobby the Bastard |
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Nobby the Bastard Harley Gaydar
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Old Thread Alert!
The last post was made 2 years, 96 days ago. Instead of replying here, would creating a new thread be more useful? |
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