Cycle Surgery In Liquidation

Postby RHYSy on Fri 3/Jun/11 7:35am

http://www.odt.co.nz/news/business/163247/cycle-business-put-liquidation

Dunedin bike specialist Cycle Surgery was placed in voluntary liquidation yesterday, possibly prompted by the withdrawal of a major cycle supplier.


Discuss.
RHYSy
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Re: Cycle Surgery In Liquidation

Postby Scotty on Fri 3/Jun/11 3:01pm

Discuss what?

Gutted for Goughy though, he was doing good things.
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Re: Cycle Surgery In Liquidation

Postby Pies on Fri 3/Jun/11 4:44pm

Gutted for Goughy and all his crew. Good guys. Surgery's support of local road racing will be missed!
Pies
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Re: Cycle Surgery In Liquidation

Postby MasCam on Fri 3/Jun/11 5:25pm

I went for a wee look in the window today as I was working nearby and 90% of the stock in the shop is GONE. It looks like all the specialized stuff that they had in there has been taken away already. :blink:
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Re: Cycle Surgery In Liquidation

Postby stiffeeslicker on Fri 3/Jun/11 6:58pm

'Withdrawal of a major supplier'... hmm wonder who that might be? :sneaky:
Judging by how many top spec bikes they seemed to be able to afford to run as demos/shop bikes it doesn't seem surprising to me... but then I'm not a Dunedin local.
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Re: Cycle Surgery In Liquidation

Postby .I. on Fri 3/Jun/11 8:20pm

Scotty wrote:, he was doing good things.

So good they ended up in liquidtion ?
.I.
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Re: Cycle Surgery In Liquidation

Postby slowMTB on Sat 4/Jun/11 7:29am

.I. wrote:
Scotty wrote:, he was doing good things.

So good they ended up in liquidtion ?


Business management and doing good things ( eg: in the community ) are completely different things.

+ Liquidation does not mean the end, take Smith City for example ( years ago liquidation - now massive ). Admitedly though, these are tough times :(
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Re: Cycle Surgery In Liquidation

Postby FLATULENTFRIEND on Sat 4/Jun/11 11:29am

slowMTB wrote:
.I. wrote:
Scotty wrote:, he was doing good things.

So good they ended up in liquidtion ?


Business management and doing good things ( eg: in the community ) are completely different things.

Often they are - certainly not always. We wouldn't have Ethical business councils etc it it was always.
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Re: Cycle Surgery In Liquidation

Postby Velocipedestrian on Sun 5/Jun/11 6:31pm

Stink.

Bummer for Paul, he's a good dude, hired me for my first spannering job.
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Re: Cycle Surgery In Liquidation

Postby RHR_Rob on Mon 6/Jun/11 3:29pm

Velocipedestrian wrote:Stink.

Bummer for Paul, he's a good dude, hired me for my first spannering job.


Maybe you were the 1st nail in the coffin...
RHR_Rob
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Re: Cycle Surgery In Liquidation

Postby OAP on Tue 7/Jun/11 4:00pm

slowMTB wrote:
.I. wrote:
Scotty wrote:, he was doing good things.

So good they ended up in liquidtion ?


Business management and doing good things ( eg: in the community ) are completely different things.

+ Liquidation does not mean the end, take Smith City for example ( years ago liquidation - now massive ). Admitedly though, these are tough times :(


Um, Liquidation is the end, Smiths City was a receivership.

Receivership = in Intensive Care, might live might die
Liquidation = dead and in the morgue, maybe you can use some bits for organ donation

Sad news about the shop though, thoughts are with the staff, sounds like a good bunch of people.
OAP
Member for: 12 years 6 months

Re: Cycle Surgery In Liquidation

Postby FLATULENTFRIEND on Tue 7/Jun/11 6:03pm

RHR_Rob wrote:
Velocipedestrian wrote:Stink.

Bummer for Paul, he's a good dude, hired me for my first spannering job.


Maybe you were the 1st nail in the coffin...


Mmmm feel the :love: right there :rolleyes:
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Re: Cycle Surgery In Liquidation

Postby Velocipedestrian on Wed 8/Jun/11 8:52pm

RHR_Rob wrote:
Velocipedestrian wrote:Stink.

Bummer for Paul, he's a good dude, hired me for my first spannering job.


Maybe you were the 1st nail in the coffin...


OOOOOH, Burn!

[this was in 2002, before Paul was the sole owner, he was just the only owner I got along with]

My Spot still wears the Keywin DH pedals I bough 2nd hand from Goughy. Mint.
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Re: Cycle Surgery In Liquidation

Postby Luffy on Sun 12/Jun/11 8:24pm

1Mil is a craptonne of money!!
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Re: Cycle Surgery In Liquidation

Postby j2hyde on Sun 12/Jun/11 8:34pm

nah, not really
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