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Moben in administration

http://www.bbc.co.uk/news/business-13893510

It seems the bad news just keeps coming.
What goes around - comes around
«13

Comments

  • roddydogs
    roddydogs Posts: 7,479 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Why was the BBC so late?..............LLB has a lot to answer for.
  • zappahey
    zappahey Posts: 2,252 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Hah, maybe it's me that's late and didn't see it before
    What goes around - comes around
  • worldtraveller
    worldtraveller Posts: 14,013 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 24 June 2011 at 10:25AM
    What's the bet we'll see buy out(s) by directors, creditors screwed, new companies formed, and the demise of those new companies in about another years time? :whistle:
    There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    If you have lots of outlets and debts today will be a bad day, as will every 3 months.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 24 June 2011 at 10:58AM
    zappahey wrote: »
    http://www.bbc.co.uk/news/business-13893510

    It seems the bad news just keeps coming.
    why? because a company that sold an overpriced product that had poor customer service has gone into administration.

    that would happen in a good economic climate and even a bad one.
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    These types of businesses are really taking the hit of a housing market that is barely functioning.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    I would say it is Rent 1/4 Day and they have tried going as long as they can.

    Lets face it pay up front for a kitchen and wait Months is never going to be a winner in a recession.

    Not when there are less riskier cheaper options (B&Q Hombase etc) available.

    In our last house we got Homebase to design the kitchen ordered the stuff and got a local chippy to fit it.

    Cost less than £5K all in (I think it was less than £4K TBH) when the people like moben wanted £10K+.

    What should be noted is that B&Q have done OK of late, so it seems that the problem was more deep routed than just the hosing market.
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    Really2 wrote: »
    Not when there are less riskier cheaper options (B&Q Hombase etc) available.

    In our last house we got Homebase to design the kitchen ordered the stuff and got a local chippy to fit it.

    Cost less than £5K all in (I think it was less than £4K TBH) when the people like moben wanted £10K+.

    What should be noted is that B&Q have done OK of late, so it seems that the problem was more deep routed than just the hosing market.

    I think this is very sensible. One of the diy chains (can't remember which) had an almost identical kitchen to the one my parents spent 17k on.
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    My brother got his kitchen, when renovating his repo, from Wickes. Surprisingly good quality for the price.
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    Good news.

    No more of their annoying TV adverts.
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
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