Whats happened to RIBBLE ?

[Darius_Jedburgh]

Victoria Centre Nottingham?

Really?

 

[classic33]

Really?

Mortgage taken out on the 2nd June.
https://westbridgfordwire.com/new-health-and-beauty-trio-coming-to-victoria-centre/

 

[Sterlo]

Doesn't mention Nottingham on their site. Is it a pop up shop, they seem to like them, they opened one in Leeds before Covid started.

 

[vickster]

Victoria Centre Nottingham?

Clitheroe apparently

 

[Grant Fondo]

If anyone wants to view Ribbles latest set of accounts, along with the directors report, they can be obtained in pdf format for free on Companies House Beta. The accounts for 2020 haven't been filed yet but are due by the end of this month. However, even looking at the accounts for 2019 they were making substantial losses. The directors report says they made a strategic commercial decision to concentrate on complete bike sales and withdraw from parts and clothing. They did some 'rationalisation' which usually means job losses. The accounts were not only poor in 2019 but in the previous year also. Ribble have assets but these are currently being used as collateral for either a bank loan or overdraft. From being 'cash rich' in 2018 their liquidity plummeted in 2019. What will be interesting to look at are the accounts for 2020 which should be in the public domain shortly.

Good advice. Remember Mekk? Its a bloody sad state of affairs when british manufacturers can't get a foot in. The USA protected itself from this way back, Trek, Cannondale, Scott, Specialized, shipped it all out to the Far East under strict parent company contracts. This ain't a rant against the way the market is as long term French and Italian brands are in the same boat. It's our choice at the end of the day, but can commited cyclists make much of a difference?

 

[ColinJ]

It seems like every business in every country has several containers on this one ship. The canal has been cleared for weeks now and lots of other big ships have got through and unloaded. The ship excuse is wearing a bit thin.

The Egyptian authorities impounded the ship until a legal settlement for damages was reached. It was not released until 7th July, and had to be checked, so it was 12th July before it actually sailed again! Wikipedia article.

 

[DCLane]

It's not just Ribble. Son no. 2's Ridley Noah Fast was due early March. In February they told us it'd be 30th June. Today apparently it'll be sent 17th August, so probably mid-September by the earliest. Basically, as a sponsored rider, he won't be racing on a Ridley bike for the entire 2021 season he's being sponsored for.
Ridley just don't have the parts available. So it's not just Ribble

 

[Darius_Jedburgh]

The Egyptian authorities impounded the ship until a legal settlement for damages was reached. It was not released until 7th July, and had to be checked, so it was 12th July before it actually sailed again! Wikipedia article.

But it is only one ship. All the others have been trading as normal. The canal has been open for weeks. This one ship isn't carrying the total European supplies of every commodity known to man.

 

[DCBassman]

Has over 20,000 containers on board, so a fair whack.

 

[Darius_Jedburgh]

But only a very small % of the total containers that move through the canal.

 

[Lee_M]

It seems like every business in every country has several containers on this one ship. The canal has been cleared for weeks now and lots of other big ships have got through and unloaded. The ship excuse is wearing a bit thin.

You realise even though it was freed it still hasn't docked?

 

[Lee_M]

But it is only one ship. All the others have been trading as normal. The canal has been open for weeks. This one ship isn't carrying the total European supplies of every commodity known to man.

No agreed, but if their bikes were on the ship (and my friend told me about it weeks ago, not as a recent excuse) the fact that other ships are getting through doesn't change anything does it? They can't magically move them.

Of course as a logistics expert I'm sure you have a solution, so it's surprising you haven't been paid thousands per day to fix it, why is that?

 

[Milkfloat]

Pearson certainly had bikes on that exact ship, if Ribble source from the same manufacturer then it is plausible that they were also affected. However, it could just be the COVID effect considering that very few bikes are in stick anywhere.

 

[Landsurfer]

Pearson certainly had bikes on that exact ship, if Ribble source from the same manufacturer then it is plausible that they were also affected. However, it could just be the COVID effect considering that very few bikes are in stick anywhere.

Maybe they should stop giving people dates to expect delivery...

 

[DRM]

View: https://youtu.be/mDzBfdYV9jE


Well it looks like GCN have had a new Ribble delivered !