Vulpine, gone.

ben@31

Matthewfalle wrote:

I just had a look on their website purely because of this thread.

Just seems to a site selling a load of clothes you get at Burton but with an occasional cycle top/cycle print t shirt and a huuuuuge friggin' price mark up.

If I wanted a shirt to "tour gelaterias in Italy" (their words off the website, not mine)

I also looked at their website because of this thread and my first thoughts were whats the difference between their shirts and any other shirt I can buy from a normal clothes shop?

I think the shirt we both looked at originally cost £100 and reduced to £70. That is a lot of money for what is just a cotton shirt. And what is "cut for cycling" ? Does having slightly different shaped panels make the shirt x2 or x3 more expensive?

I notice their website doesn't allow any customer reviews of their products. Never a good sign.

Edit... As it was a nice sunny evening where I am, I took a slow cycle to the shop and back. In a normal and reasonably cheap shirt. No problems. Is a £100 "cut for cycling" shirt just ridiculous marketing ?

meanredspider

ben@31 wrote:

I notice their website doesn't allow any customer reviews of their products. Never a good sign.

Also a bit stupid - people are far less likely to buy something on-line that isn't reviewed.

plowmar

Unfortunately wife just bought £200+ worth of stuff without knowing about their 5/5 announcement. They pretty quickly debited her so heres hoping we get a delivery. Thankfully she used her credit card who have been informed.
I only heard about it via front page spread in todays business times.

Matthewfalle

plowmar wrote:

Unfortunately wife just bought £200+ worth of stuff without knowing about their 5/5 announcement. They pretty quickly debited her so heres hoping we get a delivery. Thankfully she used her credit card who have been informed.
I only heard about it via front page spread in todays business times.

So a top then?

Shoulda gone to TopShop.

slowmart

plowmar wrote:

Unfortunately wife just bought £200+ worth of stuff without knowing about their 5/5 announcement. They pretty quickly debited her so heres hoping we get a delivery. Thankfully she used her credit card who have been informed.
I only heard about it via front page spread in todays business times.

By all accounts the administrator will now be running the company and you are well within your statutory rights to return the goods for a full refund, except for postage.

plowmar

Sorry Matthewfalle Must have been in one of their sales. 3 T shirt tops and two pants, always does that one she'd like to fit into and one she will. Women eh!!!. Interesting re Administrators Slowmart but if it's going down dont we stand as unsecured creditors and unlikely to get anything. Hence always buy with credit cards for the protection.
Non reply e-mail from them implied that returns would not be refunded.

slowmart

plowmar wrote:

Sorry Matthewfalle Must have been in one of their sales. 3 T shirt tops and two pants, always does that one she'd like to fit into and one she will. Women eh!!!. Interesting re Administrators Slowmart but if it's going down dont we stand as unsecured creditors and unlikely to get anything. Hence always buy with credit cards for the protection.
Non reply e-mail from them implied that returns would not be refunded.

Once the administrators are appointed they carry personal responsibility for any transaction thereafter and are officers of a court of law and have immense power so as long as the administrators have been appointed you aren't an unsecured creditor as your trading with administrator who is realising as much value from the stock lines (assets) for the creditors as they can.

You can use S75 of the Consumer Credit Act to have your credit provider reimburse you any funds you've lost from £100 to £30k only if the goods aren't supplied as promised which is not a likely trigger in your case.

So you're better to rely on the distance selling law, which prevails against any dubious terms and conditions and simply say you've changed your mind, if that's the route you want to choose.

I'm sure the administrator will be in touch with a discount once you've notified them you wish to be refunded. OH BTW there are good, bad and some downright dishonest administrators out there and I've dealt with a few of each!

Matthewfalle

plowmar wrote:

Sorry Matthewfalle Must have been in one of their sales. 3 T shirt tops and two pants, always does that one she'd like to fit into and one she will. Women eh!!!. Interesting re Administrators Slowmart but if it's going down dont we stand as unsecured creditors and unlikely to get anything. Hence always buy with credit cards for the protection.
Non reply e-mail from them implied that returns would not be refunded.

Hope the CC settle all quickly and it's not too much hassle. Bloody naughty of them to take the money knowing what's happening.

stevie63

I'm amazed that the administrators haven't put a message on the homepage notifying potential buyers of the situation. At the least it is unethical not to notify customers. Do they have a legal obligation to do this? Does anyone know?

slowmart

stevie63 wrote:

I'm amazed that the administrators haven't put a message on the homepage notifying potential buyers of the situation. At the least it is unethical not to notify customers. Do they have a legal obligation to do this? Does anyone know?

I don't see the "ethical" question arising? It's a commercial transaction with the administrators acting for the benefit of the creditors.

A snippet from the bike biz site

The proposed Administrators plan is to try to sell the company’s assets, such as brand, goodwill, database & website to maximize realisations for the benefit of creditors and potentially shareholders. You can contact Robert Young at RSM for advice on this process, or if you believe there may be an interested buyer: robert.young@rsmuk.com"

mrfpb

Absolutely nothing on the public website about going into administration. The "About us/Our Story" section is still the founders gushing praise of cycling and how it's their dream to run Vulpine." Nothing in the blog section either. That seems downright dishonest to me.

imposter2.0

mrfpb wrote:

Absolutely nothing on the public website about going into administration. The "About us/Our Story" section is still the founders gushing praise of cycling and how it's their dream to run Vulpine." Nothing in the blog section either. That seems downright dishonest to me.

Administration allows a company to continue trading, which is what they are doing. It's not the same as liquidation.

fenix

Presumably they still have stock to sell - so business as normal ?

bobmcstuff

Fenix wrote:

Presumably they still have stock to sell - so business as normal ?

And I assume they should sell down all of the stock in order to get money back for their shareholders etc.

Provided they have the stock and can fulfill the orders I don't see an issue.

stevie63

Whilst the administrators do have to sell the stock, surely a potential buyer should know that they don't have the same legal rights as a normal consumer. ie returns, warranties etc.

stevie63

Interesting, just spoken to the insolvency service and at the moment Vulpine aren't actually in administration as they have not yet appointed RSM. According to the press that is due to happen today. That would make any one who makes a purchase before they appoint them an unsecured creditor and therefore you may not even get your goods. Once they are appointed they have to update their website within one week to say that they are in administration-this is a legal requirement under the section of the insolvency act that deals with marketing and promotion.

lostboysaint

bobmcstuff wrote:

Fenix wrote:

Presumably they still have stock to sell - so business as normal ?

And I assume they should sell down all of the stock in order to get money back for their shareholders etc.

Provided they have the stock and can fulfill the orders I don't see an issue.

Shareholders will be down the line after the administrators. They (RSM) will only trade it out if they can see where they are recovering their fees from in the first instance - any money that is available follows very strict preference positions.

slowmart

stevie63 wrote:

Interesting, just spoken to the insolvency service and at the moment Vulpine aren't actually in administration as they have not yet appointed RSM. According to the press that is due to happen today. That would make any one who makes a purchase before they appoint them an unsecured creditor and therefore you may not even get your goods. Once they are appointed they have to update their website within one week to say that they are in administration-this is a legal requirement under the section of the insolvency act that deals with marketing and promotion.

As long as you've used a credit card and the value exceeds £100 on a single item then your credit provider has joint and severable liability from s75 of the Consumer Credit Act. Although if you bought two items for £65 each then s.75 isn't triggered nor is it triggered if you receive the goods as described.


Anyone want a virtual wager on a pre pack happening? :roll:

stevie63

Slowmart wrote:

stevie63 wrote:

Interesting, just spoken to the insolvency service and at the moment Vulpine aren't actually in administration as they have not yet appointed RSM. According to the press that is due to happen today. That would make any one who makes a purchase before they appoint them an unsecured creditor and therefore you may not even get your goods. Once they are appointed they have to update their website within one week to say that they are in administration-this is a legal requirement under the section of the insolvency act that deals with marketing and promotion.

As long as you've used a credit card and the value exceeds £100 on a single item then your credit provider has joint and severable liability from s75 of the Consumer Credit Act. Although if you bought two items for £65 each then s.75 isn't triggered nor is it triggered if you receive the goods as described.


Anyone want a virtual wager on a pre pack happening? :roll:

I think it's fair to say that is exactly what will happen.

slowmart

Anyone any ideas what type of shares were issued to the crowd funders?

plowmar

re s75 I have always thought that it was triggered by using the card for £100 of the cost of a purchase wether for one or more than one item. i.e £100 deposit for central heating radiators then covered for full value of contract if not delivered.

Matthewfalle

Slowmart wrote:

Anyone any ideas what type of shares were issued to the crowd funders?

Worthless ones I'd say.

bernithebiker

I would imagine they are negotiating with Sport Pursuit to shift the entire remaining stock in one go.

But having no knowledge of this brand whatsoever, I wouldn't buy any of their stuff even if it was dirt cheap.

slowmart

plowmar wrote:

re s75 I have always thought that it was triggered by using the card for £100 of the cost of a purchase wether for one or more than one item. i.e £100 deposit for central heating radiators then covered for full value of contract if not delivered.

That's correct.

However the value of a single item of £100 or more is the trigger.

http://www.which.co.uk/news/2011/01/10- ... ds-242559/

dodgy

Summary over at Bikebiz
http://www.bikebiz.com/news/read/what-t ... ine/021275

slowmart

afuckingmazing. A detachment from reality that's on par with the loon in the Whitehouse.

lostboysaint

That makes for pretty grim reading.

Ben6899

It doesn't paint our Nick in a particularly good light, does it?

But yeh, I admire him for following his dream...

plowmar

Surely this on the borderline of fraud?

imposter2.0

Ben6899 wrote:

But yeh, I admire him for following his dream...

With other people's money