Companies That You Expect to Disappear Soon

Discussion in 'General Discussion' started by whhistle, 22 Mar 2018.

  1. DarloRich

    DarloRich Veteran Member

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    no idea. If it is they may be more susceptible to closing down.
     
  2. Class 172 Fan

    Class 172 Fan Member

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    The one in Dudley changed to a brand named The Deal Maker at least two years ago
     
  3. Dai Corner

    Dai Corner Established Member

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    Apparently Cash Convertors are a franchise based operation. And recession-proof if their website is to be believed
    https://www.cashconvertersfranchise.co.uk/
     
  4. route101

    route101 Established Member

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    Sainsburys in Scotland stock them .


    Home bargains and B n m seem to take the stock that has been discontinued or near date
     
  5. gazthomas

    gazthomas Established Member

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    Patisserie Valarie it would seem: https://www.bbc.co.uk/news/business-45805647

     
  6. Iskra

    Iskra Established Member

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    It’s a profitable company. I’d expect it to continue. It’s not that big though so could become a target of an investment fund.
     
  7. gazthomas

    gazthomas Established Member

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    But are the accounts accurate? It is subject to a fraud apparently, maybe that will bring it down. I hope it stays though, I do like their Mielle-Feuille ;) (so much so I spelt it right!)
     
  8. deltic

    deltic Established Member

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    HS2 Ltd - 4 non-exec directors leaving - well over budget by all accounts and running behind schedule
     
  9. gazthomas

    gazthomas Established Member

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    Classic!
     
  10. ChiefPlanner

    ChiefPlanner Established Member

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    Noted in the weekend press that W H Smith have reported better than average growth ....(puts them off the list then..)
     
  11. muddythefish

    muddythefish Established Member

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    The unpleasant Luke Johnson is behind PV. I hope it survives for the sake of the people who work there but if there's skulduggery going on there in the boardroom and Johnson is collatoral damage from the fallout then PV's problems won't have been wasted.
     
  12. Bald Rick

    Bald Rick Established Member

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    They’ll be safe as houses. The share price will take a hefty dip when they are trading again (the shares were overpriced anyway), but they will be fine.
     
  13. PaulHarding150

    PaulHarding150 Member

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    WHSmith is effectively split in two -travel stores (airports, railway stations etc) and town centre stores.

    Profits in travel stores are up 7% and down 3% in other stores. Travel stores make 2/3rds of their sales and profits.
     
  14. Dai Corner

    Dai Corner Established Member

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    Many of their town centre stores now incorporate the Post Office. I imagine that's helping significantly.
     
  15. richw

    richw Established Member

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    They’ve announced this morning a drop in profits and store closures
     
  16. ChiefPlanner

    ChiefPlanner Established Member

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    So I noticed , well - someone got that wrong !
     
  17. Bald Rick

    Bald Rick Established Member

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    Or perhaps not. I stand (very humbly) corrected!
     
  18. Typhoon

    Typhoon Member

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    Perhaps not quite so safe,
    https://www.bbc.co.uk/news/business-45824285
    It rather seems like some people have taken their eyes off the ball.
    A rather careless 'owner', really.
     
  19. Iskra

    Iskra Established Member

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    Some really idiotic management if they go under considering the profit margin on tea/coffee. Although their stores seem to be in more premium locations so I imagine the rents reflect that.

    Bet Mike Ashley is getting ready to pounce...
     
    Last edited: 11 Oct 2018
  20. Cletus

    Cletus Established Member

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    Possibly not a company used much by forum members?
    https://www.bbc.co.uk/news/business-45830031

     
  21. Typhoon

    Typhoon Member

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    He looks like he's already a regular customer.
     
  22. nidave

    nidave Member

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    B&M bought Heron Foods for £152m recently - and they are starting to increase the range of frozen food in the B&M stores.
     
  23. richw

    richw Established Member

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    Just heard on radio in same bulletin mentioned Coast they expect Patisserie Valerie to enter administration tomorow
     
  24. FQTV

    FQTV Member

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    Awful for Patisserie Valerie employees, but I don’t think that very many independent tea rooms up and down the land will shed a tear.

    Although PV very much follows the pattern of over-expanded, investment-capital backed, limited shelf-life ‘concepts’, I suspect that their impact on small businesses in the provincial towns in which they opened will have been rather more compromising than, say, a Jamie’s or a Prezzo.
     
  25. 61653 HTAFC

    61653 HTAFC Established Member

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    PV is one of those places where I've often peeked in through the window as I walked past, and thought "ooh, that looks nice..." but I never actually went in or bought anything. I could see the appeal though, with a vibe of "Pret, but for desserts" about it. The ones in Leeds and Huddersfield always seem reasonably busy, so if that's anything to go by then it seems the boardroom shenanigans have been more of a problem than the business model itself.
     
  26. muddythefish

    muddythefish Established Member

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    Looks like Luke Johnson will lose some of his £260m fortune with PV's demise. Shame for the people who work there but no one will shed tears for him.
     
  27. Iskra

    Iskra Established Member

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    Supercuts in trouble now:

    https://www.bbc.co.uk/news/business-45839391

     
  28. lyndhurst25

    lyndhurst25 Member

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    If WHSmith were to do a Woolworths and go bust one day, then that would lead to a number of towns no longer having a Post Office counter. That would make the PO's branch outsourcing plan look rather foolish.
     
  29. underbank

    underbank Member

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    Not really, other chains/outlets would apply for the PO counter instead.
     
  30. lyndhurst25

    lyndhurst25 Member

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    Yes they would. They'd have to apply for the counter, install the counter and computer systems, train the staff, etc. And how long would all that take? When companies go bust, they often do so quite quickly and with little warning.
     

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