Resend my activation email : Register : Log in 
BCF: Bike Chat Forums


Superbikefactory

Reply to topic
Bike Chat Forums Index -> General Bike Chat Goto page Previous  1, 2, 3  Next
View previous topic : View next topic  
Author Message

xX-Alex-Xx
World Chat Champion



Joined: 12 Sep 2019
Karma :

PostPosted: 11:37 - 10 Dec 2021    Post subject: Reply with quote

Same way that Starbucks/Google/Apple etc operate. Work the system so you declare a net loss to the government for tax purposes, and then report to shareholders you're making a massive profit cos all the money is worked through other countries/subsidiaries.

https://www.callaccountant.co.uk/blog/how-did-starbucks-manage-with-paying-zero-uk-corporation-tax-to-hmrc/
____________________
DILLIGAF
 Back to top
View user's profile Send private message You must be logged in to rate posts

Fat Angry Scotsman
World Chat Champion



Joined: 12 Jan 2021
Karma :

PostPosted: 12:14 - 10 Dec 2021    Post subject: Reply with quote

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.
____________________
PRESENT: 2018 BMW S1000XR SE Sport.
PAST: 2009 Kawasaki ER-6F. 2021 Zontes ZT-125U.
 Back to top
View user's profile Send private message You must be logged in to rate posts

A100man
World Chat Champion



Joined: 19 Aug 2013
Karma :

PostPosted: 12:20 - 10 Dec 2021    Post subject: Reply with quote

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
 Back to top
View user's profile Send private message You must be logged in to rate posts

Fat Angry Scotsman
World Chat Champion



Joined: 12 Jan 2021
Karma :

PostPosted: 12:31 - 10 Dec 2021    Post subject: Reply with quote

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.
 Back to top
View user's profile Send private message You must be logged in to rate posts

A100man
World Chat Champion



Joined: 19 Aug 2013
Karma :

PostPosted: 12:46 - 10 Dec 2021    Post subject: Reply with quote

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? Shocked
____________________
Now: A100, GT250A, XJ598, FZ750

Then: Fizz, RS200, KL250, XJ550, Laverda Alpina, XJ600, FZS600
 Back to top
View user's profile Send private message You must be logged in to rate posts

Fat Angry Scotsman
World Chat Champion



Joined: 12 Jan 2021
Karma :

PostPosted: 13:20 - 10 Dec 2021    Post subject: Reply with quote

A100man wrote:
Presumably these valuations are seldom challenged and so 'failing' businesses can still pay their directors high salary until the last moment? Is you accountant? Shocked


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.
____________________
PRESENT: 2018 BMW S1000XR SE Sport.
PAST: 2009 Kawasaki ER-6F. 2021 Zontes ZT-125U.
 Back to top
View user's profile Send private message You must be logged in to rate posts

A100man
World Chat Champion



Joined: 19 Aug 2013
Karma :

PostPosted: 15:12 - 10 Dec 2021    Post subject: Reply with quote

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
 Back to top
View user's profile Send private message You must be logged in to rate posts

Fat Angry Scotsman
World Chat Champion



Joined: 12 Jan 2021
Karma :

PostPosted: 15:18 - 10 Dec 2021    Post subject: Reply with quote

A100man wrote:
Blimey.. 'Fat Angry Cleverclogs Scotsman'


If only it were true mate. I get through almost everything by the seat of my pants Embarassed
____________________
PRESENT: 2018 BMW S1000XR SE Sport.
PAST: 2009 Kawasaki ER-6F. 2021 Zontes ZT-125U.
 Back to top
View user's profile Send private message You must be logged in to rate posts

MarJay
But it's British!



Joined: 15 Sep 2003
Karma :

PostPosted: 15:42 - 10 Dec 2021    Post subject: Reply with quote

Fat Angry Scotsman wrote:
If only it were true mate. I get through almost everything by the seat of my pants Embarassed


You've literally just described every adult in the world of work! Smile
____________________
British beauty: Triumph Street Triple R; Loony stroker: KR1S; Track fun: GSXR750 L1; Commuter Missile: GSX-S1000F
Remember kids, bikes aren't like lego. You can't easily take a part from one bike and then fit it to another.
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

adam277
Spanner Monkey



Joined: 29 Jul 2012
Karma :

PostPosted: 20:13 - 10 Dec 2021    Post subject: Reply with quote

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
 Back to top
View user's profile Send private message You must be logged in to rate posts

Ste
Not Work Safe



Joined: 01 Sep 2002
Karma :

PostPosted: 21:11 - 10 Dec 2021    Post subject: Reply with quote

Fat Angry Scotsman wrote:
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.

That's the same Superbike Factory Ltd who made a loss of £602,202 last year. Wink

linky page 11.
 Back to top
View user's profile Send private message You must be logged in to rate posts

JackButler
Traffic Copper



Joined: 11 Nov 2019
Karma :

PostPosted: 21:25 - 10 Dec 2021    Post subject: Reply with quote

Kawasaki Jimbo wrote:

Not sure what the moral of the story is supposed to be, bearing in mind Jack was treated well. Only buy off plebs because they’re easier to con than hard-nosed businessmen?


The moral of the story is . . . When you buy a bike take a longer look at who's selling it than you would the bike.

The bike cannot ever rob you, but whoever is selling it can.

I've bought bikes unseen from a phone call because I know & TRUST the seller. I have have NEVER bought a bike on the strength of a few photo's from someone who I know nothing about.
____________________
I clean my guns with the tears of the snivelling, left wing scum.
 Back to top
View user's profile Send private message You must be logged in to rate posts

Nobby the Bastard
Harley Gaydar



Joined: 16 Aug 2013
Karma :

PostPosted: 21:33 - 10 Dec 2021    Post subject: Reply with quote

You can be asset rich but cash poor. Its called over trading and is the main reason companies go to the wall.

Usually when the bank gets nervous and pulls the overdraft.
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050
 Back to top
View user's profile Send private message You must be logged in to rate posts

Fat Angry Scotsman
World Chat Champion



Joined: 12 Jan 2021
Karma :

PostPosted: 06:03 - 11 Dec 2021    Post subject: Reply with quote

Ste wrote:
That's the same Superbike Factory Ltd who made a loss of £602,202 last year. Wink


That’s small potatoes considering the group loss was over £5m in the year Laughing
____________________
PRESENT: 2018 BMW S1000XR SE Sport.
PAST: 2009 Kawasaki ER-6F. 2021 Zontes ZT-125U.
 Back to top
View user's profile Send private message You must be logged in to rate posts

Easy-X
Super Spammer



Joined: 08 Mar 2019
Karma :

PostPosted: 12:57 - 11 Dec 2021    Post subject: Reply with quote

JackButler wrote:
I've bought bikes unseen from a phone call because I know & TRUST the seller. I have have NEVER bought a bike on the strength of a few photo's from someone who I know nothing about.


Fair enough, you can't see if "the big end's gone" from photos but at least with bikes you can get a fair idea of how they've been treated from a surface examination.

For example, when hunting for the wife's car we viewed a private sale and it looked in very good condition for the money. Something didn't jibe though and I popped the hood. Then you start seeing things like overspray Shocked The wife went full CIA waterboard on the guy and it turns out it'd been in a smash up. Would have been nice to mention that at the start!
____________________
Husqvarna Vitpilen 401, Yamaha XSR700, Honda Rebel, Yamaha DT175, Suzuki SV650 (loan) Fazer 600, Keeway Superlight 125, 50cc turd scooter
 Back to top
View user's profile Send private message You must be logged in to rate posts

myvision
Scooby Slapper



Joined: 26 May 2016
Karma :

PostPosted: 09:09 - 12 Dec 2021    Post subject: Reply with quote

One mate bought a Fireblade from The Macclesfield depot during lockdown all was done on video he sent a video of his bike they sent a video of the one he wanted. All went well and he has had no issues with it didn't try and knock him anything on collection day either.
Second mate bought a Ducati scrambler from Donnington all fine no issues he went and looked at it first though.

I went to the Donnington branch a couple of weeks ago and some of the bikes are rough close up if i were to buy from them 100% i'd go and have a look first.
____________________
VFR800FI, YZF600R Thundercat and FZS 1000
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

andys675
World Chat Champion



Joined: 08 Feb 2007
Karma :

PostPosted: 13:33 - 15 Dec 2021    Post subject: Reply with quote

the amount they offer you on webuyanyoldcrapbike.com would only be accepted by the desperate or those with bikes in a poor condition so not surprising much of the stock is rough, and they price low to shift many quickly but mainly interested in the sub-prime finance market where they can charge 39.9% APR
____________________
Some people feel the rain, others just get wet.
 Back to top
View user's profile Send private message You must be logged in to rate posts

adam277
Spanner Monkey



Joined: 29 Jul 2012
Karma :

PostPosted: 15:06 - 15 Dec 2021    Post subject: Reply with quote

andys675 wrote:
the amount they offer you on webuyanyoldcrapbike.com would only be accepted by the desperate or those with bikes in a poor condition so not surprising much of the stock is rough, and they price low to shift many quickly but mainly interested in the sub-prime finance market where they can charge 39.9% APR


Looking at their stock I wouldn't describe their bikes as being in poor condition. Actually quite hard to find a bike with rust on it.
As for them offering peanuts for bikes webuyanycar is the same.
For example I have a Skoda citygo it's worth £3500 ish webuyanycar offered me £2500.
Alot of people just don't want to go through the hassle of selling a car.

I sold my Toyota Corolla recently. It's only worth £600 got £540 for it but it took 3 weeks to sell due to eBay twats bidding but then not being able to collect or just Messing me about.
I was close to just scrapping it as I had nowhere to park it and you have to keep it insured unless it's off the road.
So I wouldn't say people that use these companies are desperate they just don't want hassle.

Id definitely agree though that they make their money from finance. For example a £1000 bike at 21% Apr the actual cost of the bike is like £15000
____________________
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
 Back to top
View user's profile Send private message You must be logged in to rate posts

struan80
World Chat Champion



Joined: 04 Nov 2014
Karma :

PostPosted: 22:15 - 15 Dec 2021    Post subject: Reply with quote

I have bought two bikes from them without any issues. One I traded in. I have sold one bike to them through webuyanybike or whatever it was. They are part of the Superbike Factory. Got a better price than I would have got if I'd traded it in.

I would use them again, they have a great selection, are reasonably priced and would trust their bikes over a private.

I guess I have been lucky. I'm sure they sell fucked bikes as well.
 Back to top
View user's profile Send private message You must be logged in to rate posts

adam277
Spanner Monkey



Joined: 29 Jul 2012
Karma :

PostPosted: 19:28 - 13 Jan 2022    Post subject: Reply with quote

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
 Back to top
View user's profile Send private message You must be logged in to rate posts

Nobby the Bastard
Harley Gaydar



Joined: 16 Aug 2013
Karma :

PostPosted: 19:34 - 13 Jan 2022    Post subject: Reply with quote

So you paid BMW rates to replace perfectlly serviceable consumables With BMW branded consumables?

You clearly have more money than sense.
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050
 Back to top
View user's profile Send private message You must be logged in to rate posts

adam277
Spanner Monkey



Joined: 29 Jul 2012
Karma :

PostPosted: 19:51 - 13 Jan 2022    Post subject: Reply with quote

Nobby the Bastard wrote:
So you paid BMW rates to replace perfectlly serviceable consumables With BMW branded consumables?

You clearly have more money than sense.


Well, I had no idea when it was last serviced. Superbikefactory refused to tell me what they changed.
I also basically used an ex BMW mechanic I did not go to a BMW dealership. So it was pretty cheap as it was basically just filters and oil.
Also it was missing its 24k service stamp so I needed some stuff checked. Again, which superbikefactory did not confirm if it was checked.
More for peace of mind Razz
____________________
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
 Back to top
View user's profile Send private message You must be logged in to rate posts

Nobby the Bastard
Harley Gaydar



Joined: 16 Aug 2013
Karma :

PostPosted: 20:00 - 13 Jan 2022    Post subject: Reply with quote

You can tell if the oil and filters have been replaced recently just by looking at them and you specifically mentioned pattern parts and having them replaced with BMW ones.
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050
 Back to top
View user's profile Send private message You must be logged in to rate posts

adam277
Spanner Monkey



Joined: 29 Jul 2012
Karma :

PostPosted: 21:06 - 13 Jan 2022    Post subject: Reply with quote

Nobby the Bastard wrote:
You can tell if the oil and filters have been replaced recently just by looking at them and you specifically mentioned pattern parts and having them replaced with BMW ones.


I like to use bmw parts.
Like I said it cost me like £200 for peace of mind. I'm happy with that.
That included valve clearanes and I think tranmission oil although not 100% on that.

I was basically paying for someone who knows these bikes inside and out to look it over. Because these bikes can have issues. That I may not spot but a guy who works on them for decades might. Like issues with ABS, the final drive etc.
____________________
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
 Back to top
View user's profile Send private message You must be logged in to rate posts

Nobby the Bastard
Harley Gaydar



Joined: 16 Aug 2013
Karma :

PostPosted: 21:12 - 13 Jan 2022    Post subject: Reply with quote

adam277 wrote:

I like to use bmw parts.
Like I said it cost me like £200 for peace of mind. I'm happy with that.
That included valve clearanes and I think tranmission oil although not 100% on that.



You do know that the engine oil and the transmission oil are the same thing on a BMW bike?

£200 for piece of mind when you've just bought it from a fucking dealer is madness.

If you don't trust the dealer don't buy it from them in the first place. You've basically invalidated any warrenty you had with them by having work like that done because they'll just blame the person who did the work.

Something like a ABS pump can only be fitted one way so it';s a no-brainer.
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050
 Back to top
View user's profile Send private message You must be logged in to rate posts
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?
  Display posts from previous:   
This page may contain affiliate links, which means we may earn a small commission if a visitor clicks through and makes a purchase. By clicking on an affiliate link, you accept that third-party cookies will be set.

Post new topic   Reply to topic    Bike Chat Forums Index -> General Bike Chat All times are GMT + 1 Hour
Goto page Previous  1, 2, 3  Next
Page 2 of 3

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum

Read the Terms of Use! - Powered by phpBB © phpBB Group
 

Debug Mode: ON - Server: birks (www) - Page Generation Time: 0.19 Sec - Server Load: 0.66 - MySQL Queries: 17 - Page Size: 145.31 Kb