msi Posted December 9, 2020 Share Posted December 9, 2020 This seems to happen a lot, judging by MSE. Is it a scam? Are they profiting from popping up and down like this? Fake market shenanigans. Ofgem 'incentivised' companies (subsidies) to be 'challenger' suppliers (sound familiar). They don't have the vertical integration or customer scale to make any real margin Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted December 9, 2020 Share Posted December 9, 2020 Fake market shenanigans. Ofgem 'incentivised' companies (subsidies) to be 'challenger' suppliers (sound familiar). They don't have the vertical integration or customer scale to make any real margin Ah, wonderful. Life in the UK 2020. Thanks Quote Link to comment Share on other sites More sharing options...
koala_bear Posted December 10, 2020 Share Posted December 10, 2020 Fake market shenanigans. Ofgem 'incentivised' companies (subsidies) to be 'challenger' suppliers (sound familiar). They don't have the vertical integration or customer scale to make any real margin Or the the level of CRM systems to automate stuff correctly and keep the staffing levels down. They get lulled in to a false sense of security with low levels of customer interaction with all new customer base as they acquire customers but it all starts to go up massively after 18 months. They end up needing ~3x as many staff as they budgeted for or get their knuckles wrapped by the regulator. The GB (not NI) licencing system is also largely at fault (they are trying to change), if you tick all the boxes they have to give you a licence. In RoI, NI and Netherlands and Scandinavia they learned from the UK experience and can deny licenses if they think the applicants are muppets. Quote Link to comment Share on other sites More sharing options...
Will! Posted January 5, 2021 Share Posted January 5, 2021 Paperchase to fold. https://www.bbc.co.uk/news/business-55547354 Quote Link to comment Share on other sites More sharing options...
A.steve Posted January 5, 2021 Share Posted January 5, 2021 (edited) Paperchase to fold. I wonder if the administrator will do a pre-pack and re-launch as Origamichase? Edited January 5, 2021 by A.steve Quote Link to comment Share on other sites More sharing options...
Patfig Posted January 5, 2021 Share Posted January 5, 2021 Paperchase to fold. https://www.bbc.co.uk/news/business-55547354 I creased up when I read that Quote Link to comment Share on other sites More sharing options...
Drifty Posted January 5, 2021 Share Posted January 5, 2021 Paperchase to fold. https://www.bbc.co.uk/news/business-55547354 To Paperchase https://www.paperchase.com/en_gb/somebody-will-miss-you-leaving-card.html Lots of love, HPC. xoxo 😃 Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted January 5, 2021 Share Posted January 5, 2021 To Paperchase https://www.paperchase.com/en_gb/somebody-will-miss-you-leaving-card.html Lots of love, HPC. xoxo 😃 Oh you are a card. Quote Link to comment Share on other sites More sharing options...
Si1 Posted January 6, 2021 Share Posted January 6, 2021 To Paperchase https://www.paperchase.com/en_gb/somebody-will-miss-you-leaving-card.html Lots of love, HPC. xoxo 😃 Quote Link to comment Share on other sites More sharing options...
Staffsknot Posted January 6, 2021 Share Posted January 6, 2021 Doesn't Paperchase have a lot of concessions in Debenhams and Next? Just wondering any impact to them Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted January 6, 2021 Share Posted January 6, 2021 Paperchase at least had decent products. Good wrap, good pens, good cards. They didn’t need to sell all the plastic tat. They didn’t need the floor space. Scribbler has far smaller shops and focuses on cards (that insult the recipient usually). Quote Link to comment Share on other sites More sharing options...
erat_forte Posted January 6, 2021 Share Posted January 6, 2021 Sales were flat, almost stationary. Quote Link to comment Share on other sites More sharing options...
regprentice Posted January 8, 2021 Share Posted January 8, 2021 According to the FCA 4000 financial services firms at risk of going under, a third of which will cause wider financial harm to the economy if they fail. This is based on data taken before the last two lockdowns, and prior to understanding the impact of Brexit on financial services so could. Now be substantially worse. Looks like a bloodbath in the making. Around 4,000 UK financial services firms could fail due to the COVID-19 pandemic, the regulator has warned He said that at the end of October the FCA had identified "4,000 financial services firms with low financial resilience and at heightened risk of failure". "These are predominantly small and medium sized firms and approximately 30% have the potential to cause harm in failure." Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 8, 2021 Author Share Posted January 8, 2021 35 minutes ago, regprentice said: According to the FCA 4000 financial services firms at risk of going under, a third of which will cause wider financial harm to the economy if they fail. This is based on data taken before the last two lockdowns, and prior to understanding the impact of Brexit on financial services so could. Now be substantially worse. Looks like a bloodbath in the making. Around 4,000 UK financial services firms could fail due to the COVID-19 pandemic, the regulator has warned He said that at the end of October the FCA had identified "4,000 financial services firms with low financial resilience and at heightened risk of failure". "These are predominantly small and medium sized firms and approximately 30% have the potential to cause harm in failure." Read as....rich people want poor people bail out...AGAIN Quote Link to comment Share on other sites More sharing options...
reddog Posted January 25, 2021 Share Posted January 25, 2021 Debenhams to be bought by BooHoo, and all shops to close permanently. ASOS looking to buy TopShop (will they do something similar?) It going to be interesting to see what the High Street looks like when this lockdown is over. Quote Link to comment Share on other sites More sharing options...
Byron Posted January 25, 2021 Share Posted January 25, 2021 (edited) 19 minutes ago, reddog said: It going to be interesting to see what the High Street looks like when this lockdown is over. Edited January 25, 2021 by Byron none Quote Link to comment Share on other sites More sharing options...
Big Orange Posted January 25, 2021 Share Posted January 25, 2021 Putin's regime perhaps: Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted January 25, 2021 Share Posted January 25, 2021 Eurostar Near Collapse, Asks for Bailout, Becomes Hot Potato https://wolfstreet.com/2021/01/23/eurostar-near-collapse-asks-for-bailout-becomes-hot-potato/ Quote Link to comment Share on other sites More sharing options...
msi Posted January 25, 2021 Share Posted January 25, 2021 20 minutes ago, Saving For a Space Ship said: Eurostar Near Collapse, Asks for Bailout, Becomes Hot Potato https://wolfstreet.com/2021/01/23/eurostar-near-collapse-asks-for-bailout-becomes-hot-potato/ "The UK government already sold its 40% stake in the business in 2015, at a loss of £757 million " Ah yes, the Tories that 'understand' the market Quote Link to comment Share on other sites More sharing options...
spyguy Posted January 25, 2021 Share Posted January 25, 2021 1 hour ago, msi said: "The UK government already sold its 40% stake in the business in 2015, at a loss of £757 million " Ah yes, the Tories that 'understand' the market Better a 40% loss than 100% Quote Link to comment Share on other sites More sharing options...
msi Posted January 26, 2021 Share Posted January 26, 2021 2 hours ago, spyguy said: Better a 40% loss than 100% The UK's loss was 100% - IIRC the UK stake was 40% with the remainder owned by France's and Belgium. Quote Link to comment Share on other sites More sharing options...
Peter Hun Posted January 26, 2021 Share Posted January 26, 2021 12 hours ago, spyguy said: Better a 40% loss than 100% UK is liable for £100million per six months until 2025. Thats the deal the Tories signed us up for. Quote Link to comment Share on other sites More sharing options...
Fromage Frais Posted January 26, 2021 Share Posted January 26, 2021 (edited) 23 hours ago, reddog said: Debenhams to be bought by BooHoo, and all shops to close permanently. ASOS looking to buy TopShop (will they do something similar?) It going to be interesting to see what the High Street looks like when this lockdown is over. There is so much pending the end of Covid with the government spending billions keeping the plates spinning how much is any of this property or businesses worth? I got the details of a nice hotel for sale the other day normally it is something I would be interested in..... but the accounts do not take into account the last year who knows what impact covid has had on them or will have after. It almost seems a joke to list it for sale. Who would bet we dont have further lock downs or restrictions due to new strains or flare ups over the next few years. Even food shops have the valuation issue that they are coining it now but after will they have to sack people once they can go out again etc etc. The government is in a hard place as the only fat goose is the property market how can they continue to stuff it and tax everything else? Each passing day ominously feels like the pain will get harder and harder. Locking down people from work I feel has put them a few stages further back the Kubler -Ross phases and it will take a while of false hope after the end of lockdown (maybe end of summer) for people to adjust to the new reality and then i think it will snap. Edited January 26, 2021 by Fromage Frais Quote Link to comment Share on other sites More sharing options...
Trump Invective Posted January 26, 2021 Share Posted January 26, 2021 14 minutes ago, Fromage Frais said: There is so much pending the end of Covid with the government spending billions keeping the plates spinning how much is any of this property or businesses worth? I got the details of a nice hotel for sale the other day normally it is something I would be interested in..... but the accounts do not take into account the last year who knows what impact covid has had on them or will have after. It almost seems a joke to list it for sale. Who would bet we dont have further lock downs or restrictions due to new strains or flare ups over the next few years. Even food shops have the valuation issue that they are coining it now but after will they have to sack people once they can go out again etc etc. The government is in a hard place as the only fat goose is the property market how can they continue to stuff it and tax everything else? Each passing day ominously feels like the pain will get harder and harder. Locking down people from work I feel has put them a few stages further back the Kubler -Ross phases and it will take a while of false hope after the end of lockdown (maybe end of summer) for people to adjust to the new reality and then i think it will snap. Exposing the property "market" as something that defies logic and reality SO FAR, through panic props on top of the standard props, has been a big mistake, because it gets clearer all the time that this is where the money is (except stuff you're less able to tax like bitcoin, gold etc.) If they continue propping, the only argument they will be able to use is "help the young get on the housing ladder". Incredibly, it's worked for them so far! It's all about the spinning plates. But will "the young", the priced out, buy any of this any more? Of course, most of them don't buy it, but when there is even more anger and resentment, we are getting to the endgame. Quote Link to comment Share on other sites More sharing options...
Fromage Frais Posted January 26, 2021 Share Posted January 26, 2021 7 minutes ago, Trump Invective said: Exposing the property "market" as something that defies logic and reality SO FAR, through panic props on top of the standard props, has been a big mistake, because it gets clearer all the time that this is where the money is (except stuff you're less able to tax like bitcoin, gold etc.) If they continue propping, the only argument they will be able to use is "help the young get on the housing ladder". Incredibly, it's worked for them so far! It's all about the spinning plates. But will "the young", the priced out, buy any of this any more? Of course, most of them don't buy it, but when there is even more anger and resentment, we are getting to the endgame. Yep The UK property market in a nut shell on one hand boasting and on the other begging. Benefit scroungers in livered Minis. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.