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Bike buisness for sale 3 million turn over....

MoonbikerMoonbiker Posts: 1,706
edited December 2018 in Road general
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  • UBYK ltd.

    It's in the file name.
  • cld531ccld531c Posts: 517
    UBYK ltd.

    It's in the file name.

    Well spotted - suspect someone might be in for a telling off!
  • singletonsingleton Posts: 1,539
    That's close to me as well.
    Slightly concerning that a business turning over £3m is up for sale - can it not make a profit even with that turnover?
  • MatthewfalleMatthewfalle Posts: 17,571
    singleton wrote:
    That's close to me as well.
    Slightly concerning that a business turning over £3m is up for sale - can it not make a profit even with that turnover?

    depends on the level of profit.

    there are also a multitude of reasons for selling a business - profit/loss is not the only one.
    Postby team47b » Sun Jun 28, 2015 11:53 am

    De Sisti wrote:
    This is one of the silliest threads I've come across. :lol:

    Recognition at last Matthew, well done!, a justified honour :D
    smithy21 wrote:

    He's right you know.
  • cld531c wrote:
    UBYK ltd.
    It's in the file name.
    Well spotted - suspect someone might be in for a telling off!
    The link's giving an error now so maybe someone got told off and it's been removed.
  • imposter2.0imposter2.0 Posts: 10,839
    singleton wrote:
    That's close to me as well.
    Slightly concerning that a business turning over £3m is up for sale - can it not make a profit even with that turnover?

    Put up for sale by the joint administrators, according to the link when I read it this morning. Turnover has no relevance to profit though...
  • singletonsingleton Posts: 1,539
    Imposter wrote:
    Turnover has no relevance to profit though...

    Not entirely true that though is it?
    Be hard to make a profit of 2m on a turnover of 1m.
  • singleton wrote:
    That's close to me as well.
    Slightly concerning that a business turning over £3m is up for sale - can it not make a profit even with that turnover?

    depends on the level of profit.

    there are also a multitude of reasons for selling a business - profit/loss is not the only one.

    It's a distressed sale, so it's not making (enough) profit or it's having cashflow issues.

    It does seem strange that a 2-store, £3m revenue business can't break even though unless they've been screwed over somewhere along the line or have too much debt.
  • imposter2.0imposter2.0 Posts: 10,839
    singleton wrote:
    Imposter wrote:
    Turnover has no relevance to profit though...

    Not entirely true that though is it?

    Only if you're trying to make a pedantic point - but I'm sure you know what I meant.
  • singletonsingleton Posts: 1,539
    Imposter wrote:
    Only if you're trying to make a pedantic point - but I'm sure you know what I meant.

    But surely I could say the same to you?
  • MatthewfalleMatthewfalle Posts: 17,571
    singleton wrote:
    That's close to me as well.
    Slightly concerning that a business turning over £3m is up for sale - can it not make a profit even with that turnover?

    depends on the level of profit.

    there are also a multitude of reasons for selling a business - profit/loss is not the only one.

    It's a distressed sale, so it's not making (enough) profit or it's having cashflow issues.

    It does seem strange that a 2-store, £3m revenue business can't break even though unless they've been screwed over somewhere along the line or have too much debt.


    i blame wiggle
    Postby team47b » Sun Jun 28, 2015 11:53 am

    De Sisti wrote:
    This is one of the silliest threads I've come across. :lol:

    Recognition at last Matthew, well done!, a justified honour :D
    smithy21 wrote:

    He's right you know.
  • pblakeneypblakeney Posts: 11,060
    i blame wiggle
    Had to be applicable one day.
    That day is today.
    The above may be fact, or fiction, I may be serious, I may be jesting.
    I am not sure. You have no chance.
    veronese68 wrote:
    PB is the most sensible person on here.
  • Imposter wrote:

    . Turnover has no relevance to profit though...


    Oh really? FFS. Really?

    Obviously you have about as much idea about business as you do about riding bikes ( sweet FA basically ).
    Another ( probably non googleable ) saying from business, ‘you can’t skin the cream if there’s no
    Milk’. You massive idiot.
  • BrakelessBrakeless Posts: 867
    edited November 2018
    Imposter wrote:

    . Turnover has no relevance to profit though...


    Oh really? FFS. Really?

    Obviously you have about as much idea about business as you do about riding bikes ( sweet FA basically ).
    Another ( probably non googleable ) saying from business, ‘you can’t skin the cream if there’s no
    Milk’. You massive idiot.


    Woolworths had a massive turnover, Toys R us had a massive turnover.

    Turnover on its own is never an indication of profit.
  • webboowebboo Posts: 2,125
    Imposter wrote:

    . Turnover has no relevance to profit though...


    Oh really? FFS. Really?

    Obviously you have about as much idea about business as you do about riding bikes ( sweet FA basically ).
    Another ( probably non googleable ) saying from business, ‘you can’t skin the cream if there’s no
    Milk’. You massive idiot.
    Back again Narcissist.
  • Brakeless wrote:
    Imposter wrote:

    . Turnover has no relevance to profit though...


    Oh really? FFS. Really?

    Obviously you have about as much idea about business as you do about riding bikes ( sweet FA basically ).
    Another ( probably non googleable ) saying from business, ‘you can’t skin the cream if there’s no
    Milk’. You massive idiot.


    Woolworths had a massive turnover, Toys R us had a massive turnover.

    Turnover on its own is never an indication of profit.

    The examples you gave had a huge ‘hole in their bucket’ the fact remains, if there’s no turnover, there’s no hope of a profit. Mis management is mis management, that’s a whole ‘nother thing.
  • slowmartslowmart Posts: 3,809
    Imposter wrote:

    . Turnover has no relevance to profit though...


    Oh really? FFS. Really?

    Obviously you have about as much idea about business as you do about riding bikes ( sweet FA basically ).
    Another ( probably non googleable ) saying from business, ‘you can’t skin the cream if there’s no
    Milk’. You massive idiot.


    Rather than shine a light on yourself and your shortcomings in manners how about adding some detail to your point about turn over and profit?

    The old adage is correct.

    Turnover is Vanity, Profit is Sanity but Cash is Reality.

    There’s no point in selling £3 million of goods if it costs £3.1 million to produce, sell and deliver. And of course you need to get paid in full and on time unless you have sufficient headroom in cash holding or generation.

    Add vat, salaries , PAYE, suppliers bills, fixed costs, remedial costs for errors, competitor pressure, customer churn , infrastructure or capacity limitations, holidays meaning lost production and constant bills, Xmas a perfect example of 3 weeks production capacity whilst a full month of salaries which is usually compounded by customers wanting to hold onto their cash or larger organisations wanting to spend their budgets.....
    And God created the bicycle, so that man could use it as a means for work and to help him negotiate life's complicated journey.
  • Tetra needs to have his computer disabled and probably some psychiatric help.

    His deluded stupidity knows no bounds but it is amusing when he blows up.
  • imposter2.0imposter2.0 Posts: 10,839
    Imposter wrote:

    . Turnover has no relevance to profit though...


    Oh really? FFS. Really?

    Obviously you have about as much idea about business as you do about riding bikes ( sweet FA basically ).
    Another ( probably non googleable ) saying from business, ‘you can’t skin the cream if there’s no
    Milk’. You massive idiot.

    Overdosing on Nitrazepam has this kind of effect on people, I believe. Go back to your doctor and ask him to review your meds...

    In the meantime, I'll say it again - and it's been pointed out above already - turnover and profit do not correlate.
  • MoonbikerMoonbiker Posts: 1,706
    https://uk.trustpilot.com/review/ubyk.co.uk

    They seem too have bad customer service.

    Maybe sports direct will buy it
  • bristolpetebristolpete Posts: 2,255
    A 'drop ship' B2B business claiming to have stock when in reality they do not, they simply order your order when ordered.

    All the hallmarks of a business that tapped into the esoteric side of the sport, long arms, deep pockets, bling labels and product forgetting bread and butter stock. All low margin, high value, low turnover stock.
  • Imposter wrote:
    Imposter wrote:

    . Turnover has no relevance to profit though...


    Oh really? FFS. Really?

    Obviously you have about as much idea about business as you do about riding bikes ( sweet FA basically ).
    Another ( probably non googleable ) saying from business, ‘you can’t skin the cream if there’s no
    Milk’. You massive idiot.

    Overdosing on Nitrazepam has this kind of effect on people, I believe. Go back to your doctor and ask him to review your meds...

    In the meantime, I'll say it again - and it's been pointed out above already - turnover and profit do not correlate.
    And profit is not much good if your future liabilities grow faster than income...
  • slowmartslowmart Posts: 3,809
    All low margin, high value, low turnover stock.

    And why would you want to be part of that equation?

    Part of high end brands sits with the customer experience which manufacturers want to control with tightening spans of control. It’s always sad when a business goes down as it represents someone’s aspirations , hard graft and with a fair degree of personal risk attached but I couldn’t see how the business model would work when it first appeared.
    And God created the bicycle, so that man could use it as a means for work and to help him negotiate life's complicated journey.
  • cruffcruff Posts: 1,457
    Imposter wrote:

    . Turnover has no relevance to profit though...


    Oh really? FFS. Really?

    Obviously you have about as much idea about business as you do about riding bikes ( sweet FA basically ).
    Another ( probably non googleable ) saying from business, ‘you can’t skin the cream if there’s no
    Milk’. You massive idiot.
    Yep. Google doesn't know that one either...
    milk.jpg
    Fat chopper. Some racing. Some testing. Some crashing.
    Specialising in Git Daaahns and Cafs. Transplanted Laaandoner.
  • imposter2.0imposter2.0 Posts: 10,839
    He probably meant 'skim' - but either way, there's no results for it. Well, none that relate to business anyway. Plenty of links to dairy-related topics though.

    Just another saying that he seems to have been told by the voices in his head...
  • backobacko Posts: 167
    Imposter wrote:

    . Turnover has no relevance to profit though...


    Oh really? FFS. Really?

    Obviously you have about as much idea about business as you do about riding bikes ( sweet FA basically ).
    Another ( probably non googleable ) saying from business, ‘you can’t skin the cream if there’s no
    Milk’. You massive idiot.

    :roll:
  • figbatfigbat Posts: 680
    cld531c wrote:
    UBYK ltd.
    It's in the file name.
    Well spotted - suspect someone might be in for a telling off!
    The link's giving an error now so maybe someone got told off and it's been removed.

    It's back - minus the reference to Ubyk Ltd.

    https://www.eddisons.com/assets/uploads/MBA/Project%20Ride/Business%20For%20Sale%20Notice.pdf
    Cube Reaction GTC Pro 29 for the lumpy stuff
    Cannondale Synapse alloy with 'guards for the winter roads
    Fuji Altamira 2.7 for the summer roads
    Trek 830 Mountain Track frame turned into a gravel bike - for anywhere & everywhere
  • backobacko Posts: 167
    My guess is they have ran out of cash, one of the shareholder/directors put in £421k back in Sept and latest negative reviews of stocking issues suggest that cash is no longer there.
  • backo wrote:
    My guess is they have ran out of cash, one of the shareholder/directors put in £421k back in Sept and latest negative reviews of stocking issues suggest that cash is no longer there.
    if they can burn 421k in 2 months, that's an annual turnover of 2.5M right there..
  • haydenmhaydenm Posts: 2,868
    figbat wrote:
    cld531c wrote:
    UBYK ltd.
    It's in the file name.
    Well spotted - suspect someone might be in for a telling off!
    The link's giving an error now so maybe someone got told off and it's been removed.

    It's back - minus the reference to Ubyk Ltd.

    https://www.eddisons.com/assets/uploads/MBA/Project%20Ride/Business%20For%20Sale%20Notice.pdf

    Having looked at that info sheet (I missed the first one), it really means very little to anyone. My very limited experience of them is that everything is high end and little discount from RRP. Not completely surprised they are in difficulty given the price increases in the last 3 years and the fact they don't sell much at the mid range price point...
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