Based on their most recent accounts, things must have gone downhill rapidly in the last 14 months if they are now facing administration, although there was a cautionary note regarding going concern in there.
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PlanetX - calls in the administrators
- Thread starter DCLane
- Start date
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Based on their most recent accounts, things must have gone downhill rapidly in the last 14 months if they are now facing administration, although there was a cautionary note regarding going concern in there.
Drago
Legendary Member
- Location
- Suburban Poshshire
The same direction being profitability at the expense of customer service and product quality.
Legs
usually riding on Zwift...
- Location
- Staffordshire
I ordered a couple of Carnac Croix helmets this afternoon because the one I've got at the moment is excellent and you can't go far wrong for a tenner. FedEx tell me that they've picked up the consignment so I'm reasonably confident of receiving it..
RoubaixCube
~Tribanese~
- Location
- London, UK
Its rather depressing how bare the evans website now is compared to their pre-Ashley buyout days. They dont stock half as many products as they used to. I noticed this a long while ago but I always kept checking in to see if anything changed and it never has. Even Halfords have a better selection. It seems that Evans are there just to service your bike and offer nothing but the most basic of cycling necessities
Fastpedaller
Über Member
It's noteworthy that PX has gone from a vision of manufacturing frames in the UK (about 8 years ago?) to now be in a situation of administration looming - Covid certainly had a large impact on many businesses, and many will never recover fully 
T4tomo
Legendary Member
There is good money to be made in servicing the bikes of the mechanically inept / lazy / money rich-time poor. There isn't as much to be made in retail.
kingrollo
Guru
Apparent the planet X money worries are over
They sold a couple of pairs of bib shorts yesterday
Dogtrousers
Kilometre nibbler
You rang?
They made some really good bikes in the past. I remember my Inbred - a really, really good machine, actually amazing for £400. It was a really good steel MTB complete at the same price as a Halfords cheapie.
I think their biggest challenge is the lack of personal finance deals around the corner and the fact that after a while, you realise all their "sales" are smoke and mirrors. They remind me of the car dealership I visited last year when I was hiring a van and noticed the sign saying they didn't accept cash payments for anything - it struck me then that rather than being a company that sold cars, they were a company that sold loans.
I think their biggest challenge is the lack of personal finance deals around the corner and the fact that after a while, you realise all their "sales" are smoke and mirrors. They remind me of the car dealership I visited last year when I was hiring a van and noticed the sign saying they didn't accept cash payments for anything - it struck me then that rather than being a company that sold cars, they were a company that sold loans.
Their Ti frames are top notch. Originally designed by Ti guru Mike Reilly.
Threevok
Growing old disgracefully
- Location
- South Wales
I've encountered this too recently, when we were buying a second hand car. Most dealers wouldn't even respond to queries, once I mentioned cash.
Amazing, isn't it? So much at odds to how I've bought all my cars in the past.
Not that I need or want a car any more!
fossyant
Ride It Like You Stole It!
- Location
- South Manchester
People don't buy cars now, either a loan or cash. Leasing is it. That's why most folk are driving round in fancy cars. Not for me.
Alex321
Guru
- Location
- South Wales
I don't think "most folk" are driving around in fancy cars. Most of us are driving around in second-hand cars, which we have bought.
Leasing has certainly become a lot more popular, but I still don't think it is anywhere near most people doing it.
