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It's unlikely that Ashley is much worse than the venture capitalists who owned Evans previously. Main difference is Ashley is a public figure, the other lot are anonymous.
On that subject, it would be interesting to see the numbers of the previous owners. I wonder how much was paid out in fees and charges before they wrote off most of the debt and left others to sort out the mess?
ChasnotRobert-
I know one of the venture capitalists and he had some serious integrity issues.
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I'll say that the senior/secured lenders rolled over the debt (possibly with a discount (or not) and/or a re-priced of the debt yield) with the non-secured creditors (tradesmen, non-consignment suppliers etc) taking the brunt of the hit.
The list of creditors (owners equity are usually a subordinated/unsecured inter company loan via HoldCo to the OpCo/BidCo) should have been filed with the Companies House and the Administrators, hence should be available if you dig around a bit.
dancing james
coventry_eagle
I was planning on buying a Pinnacle Neon 1 to replace my knackered commuter as it ticks almost all of my boxes (1x, 700c, no-DBAD, flat bars, mudguards/rack compatible, under £400, <10kg) and I can't find a viable alternative.
Do I give Ashley some money or should I wait for a deal, get it for cheaper and then donate the money saved to a good cause?
I wouldn't be concerned about repairs or after-sales care as I can do that myself.
One the one side it's giving money to Ashley, but then it's helping keep Evans going a bit longer and I was about to buy the bike had Evans not been bought by him.