Bathstore gone into Administration. - Tile Advice

[Time's Ran Out]

Just seen this on social media site!

 

[Bill]

A sinking feeling........

Better Bathrooms went this year too.

 

[Dumbo]

I dont think its a bad thing . Its all about the maths , cutting your own throat to try and be cheaper than the next guy isn't a good business model , eventually you run out of blood.

 

[Dan]

Just hope there aren't too many customers left without their ordered and paid for goods!

 

[Boggs]

Installers owed in “excess of £1 million” by Bathstore

The kbb industry's leading business magazine for over 35 years

www.kbbreview.com

 

[Dan]

Oh no!

I think large firms should publish their accounts quarterly, this happens far too often and it's always the big boys who get to keep their yachts.

 

[Dan]

There's a thread on the plumbers forum too: BathStore has gone down the tube - https://www.ukplumbersforums.co.uk/threads/bathstore-has-gone-down-the-tube.108368/

 

[Time's Ran Out]

Today it said they were saved by Homebase!!
Only 44 outlets have been bought along with the name Bathstore and 150+ are still to close.
Homebase was sold to a finance company last year for £1 and they plan to open Bathstore in what’s left of Homebase stores ...... doesn’t sound too promising if you ask me.

 

[macten]

Feel sorry for any job losses but personally feel 'good riddance' - means I'm not spending extra time and money fitting crappy products.

 

[Dumbo]

Feel sorry for any job losses but personally feel 'good riddance' - means I'm not spending extra time and money fitting crappy products.

Also cheap products devalue tradesmen as customers think they have spent 75 percent of what they think the job is worth .