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Totally agree with you Ed and I said 'could and possibly' as there are quite a few other factors which comes into play.
One of them is that they could have reached out to the lenders and/or landlords to restructure the debt much earlier.
Especially since the signs were already there with high street retailers falling like Dominos, they'll be silly to think that they'll be unaffected and when they realised it (bit too late...) made another mistake thinking that deep discounts and the volume game would get them out of it.
Too many whaammmyyyy to count!
coventry_eagle-
Still I see a lots of potiental way to prevent the business from going under, they’re simply stuck in those old school company way of freezing budget, no overtime, make shop floor staff build bicycles (and get it checked over by the mechanic) despite not being their original roles, less staff on shop floor/in workshop (we used to have two mechanic and bike builder, now just the one and a shop floor staff building bikes).
And of course. Spying on other stores on top of this.
edscoble
Not just could, but Defintely can, with better management, better staff training, better pays etc.
The issues is less to do with the market, more the extremely poor management from the higher up (remember the 50% discount we used to offer in January? Our workshop have never hit workshop target for nearly 3 months due to this).