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Bakker,s

i have herd on the grape vine that Bakker of spalding have gon bust for £33M, any body else herd anything my mum is a bit concernd as she has some outstanding plants that are paid for and cannot contact them tried three differant tel no 

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  • PRO

    There’s some reports online that they were in severe financial troubles dated end of Jan 18, then that they’d gone ‘bankrupt’ on 14 Feb 18.

    Sounds like there’s a podcast on iplayer about it from BBC R4 dated 15th Feb ~ 12.15pm

  • PRO

    https://www.hortweek.com/potential-buyers-bakker-weigh-purchase/ret...

     

     

    Potential buyers for Bakker weigh up purchase
    Potential buyers for Bakker weigh up purchase - from Horticulture Week
  • just to update my mum got a check for a total refund of her undeliverd plants 

    it seems that Bakkers are trading again since the begining of last month but a quick serch dos not reveal mutch there was a artical about it in h/weekley but you have to subscribe to read it, eventley they have merged 2 catalogs together which i did not know thay had more than one and on one quite big revue site they are not getting good revues 

    i do not know how companes that have gon bust the name can start trading again witin a matter of weeks its confusing can any one explain in layman terms how this happens 

  • PRO

    If they have went bust and been "sold" to a director/manager then re opened then this, I will call it a scam!, has been popular in retail for a while. They use it to re negotiate leases down the way pay off companies who have supplied stock at pennies in the pound and get rid of staff at low cost. They then sell the business including stock in trade for vertually nothing to one of the existing partners and carry on as if nothing happened.

    I find this practice dispicable as often staff do not get redundancy pay and it can put small suppliers out of business. 

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