Stanton Bikes Bought out of Administration by Dan Stanton

Feb 6, 2023
by Ed Spratt  
photo
Photo: Tristan Tinn

Stanton Bikes is leaving administration as Dan Stanton has bought out the company.

Stanton Bikes Ltd entered administration on November 11 as Dean Nelson and Nick Lee, business recovery and insolvency partners at PKF Smith Cooper were appointed after a court petition by a creditor.

In a recently released statement of affairs for Stanton Bikes Ltd published on Companies House it appears that the brand owed around £2.14 million to creditors at the time it was brought into administration. While in administration the company was able to continue trading until a buyer was sought.

According to reports by Business Live Dan Stanton, the original founder, has now bought back the company under a new trading name; Stanton Bicycles Limited.

Both the business and its assets have been sold as a going concern to the new company owned by Dan Stanton. Stanton bikes is expected to continue trading with business recovery and insolvency partner at PKF Smith Cooper, Dean Nelson, saying this outcome will help to protect "the brand, goodwill and employment."

bigquotesWe are pleased to announce that the business and assets of Stanton Bikes Limited have been sold and will now continue to trade.

Since it opened in 2011, Stanton Bikes has continued to establish a global presence in the biking world. However, recent financial difficulties have left the business in a perilous position.

As the joint administrators, we always sought to sell the business as a going concern, so we are thrilled with this outcome protecting the brand, goodwill and employment. I am sure the revival of a household name like Stanton Bikes will be welcomed in Derbyshire and beyond.
Dean Nelson, business recovery and insolvency partner at PKF Smith Cooper


Author Info:
edspratt avatar

Member since Mar 16, 2017
3,062 articles

159 Comments
  • 151 1
 “Dan Stanton, founder of Stanton bikes, buys Stanton bikes, now Stanton Bicycles Limited”

I can barely keep up
  • 19 0
 First base: Bugs Bunny.
Second base: Bugs Bunny
Third base...
  • 13 0
 @ReformedRoadie: ric-um-rak-um-rik-um-rak-um-sis-boom-bah....
  • 28 0
 @Offrhodes: is that a Jonathan Davis quote?
  • 6 0
 @RonSauce: I misquoted, but this gets my point across.

youtu.be/3REgRSmS4qA
  • 2 0
 @Offrhodes: makes me smile
  • 1 0
 @RonSauce: too funny!
  • 4 39
flag kyleluvsdh (Feb 6, 2023 at 15:53) (Below Threshold)
 Pinkbike refused to post this on the front page for some reason so here it is:

www.youtube.com/watch?v=QvDC-wJkEtM&t=679s
  • 14 0
 So is this just a way to write off £2m of debt?
  • 4 1
 @kyleluvsdh: because it doesn't belong there maybe...
  • 3 11
flag kyleluvsdh (Feb 6, 2023 at 23:45) (Below Threshold)
 @OliOliOli: Why is that? It's one of the most inspirational things I've ever see. Idk what happened to PB but for people to downvote that into oblivion is pretty sad.
  • 14 0
 @kyleluvsdh: Did you write a article on it or just post a YouTube-link? Do it proper and it might be considered instead of spamming the comments. Also spamming the comments with a yt-link won't do you any good, post the article link.
  • 5 0
 @kyleluvsdh: Okay... that video has been up since December, 2020. Why is it news today?
  • 29 0
 “If you always do what you always did, you'll always get what you always got" - Henry Ford. He'll need to do something different to make Stanton a healthy business again. I wonder where it went wrong.....
  • 21 0
 Having a Henry Ford quote is really fitting given his early history and his reacquisition of his own brand.
  • 4 0
 Assuming "administration" is basically the same as "bankrupt" in the US, then he can shed a lot of his debts and that might be enough to make it viable this time around.
  • 6 0
 @gtill9000: A million of the debts was an investor who pumped huge sums of money in over the past few years.

New company must have an arrangement to pay back some creditors to be excepted by administrators.

Will be interesting to see how things go without a deep pocket investor backing the company up,
  • 3 0
 Maybe he should start a rubber plantation in Brazil to produce his own tires just like Mr. Ford.
  • 2 2
 @mi-bike: and/or build steel moped frames.
  • 4 0
 @justanotherusername: he will have just paid a lump sum for the business and assets of the old company. The administrators will then pay back some of that money to creditors. If that amount exceeds their fees that is, which is unlikely, so in all likeliness it will just be the administrators and maybe the bank who get paid.
  • 2 0
 @Jblack89: ouch, makes you wonder why the investor bothered putting the company into administration if his 1mill ends up evaporating.
  • 3 0
 @gtill9000: viable until he rolls up millions in debt and collapses again. I can’t imagine suppliers are lining up to offer him credit after they lost out previously.
  • 2 0
 @mi-bike: Stantonlandia?
  • 1 0
 @codypup: I foresee a great success, just like fordlandia was /s
  • 1 0
 @justanotherusername: maybe they had no choice. Perhaps it was unable to continue to trade for one reason or another
  • 1 0
 @Pinklady13: According to companies house info they were effectively trading insolvent and Dan and him disagreed over the direction to go.
  • 1 0
 @justanotherusername: can you keep trading if the company is insolvent??? Doesn’t make sense. Can you take money for bikes that you can’t supply? IDK??
  • 1 0
 @Pinklady13: look on companies house it’s all laid out there.

Technically you shouldn’t trade if insolvent but it’s common companies try to trade through it, I think my own company would have been technically insolvent for a while some years ago but we got through it, didn’t owe an investor a million quid though….
  • 2 0
 @justanotherusername: sounds immoral at the very least. I thought it would have been illegal. I guess you have to be careful who you trust. Dan seems like a good guy. I’m sure he hasn’t just left the investor high and dry. Perhaps they have reinvested? Who knows ???
  • 1 0
 @Pinklady13: I don’t think it is by design, not one bit. Dan clearly loves the company, doesn’t mean people haven’t lost a shit tonne of money in the process though.
  • 2 0
 @gtill9000: From context, Administration seems more equivalent to Receivership than Bankruptcy
  • 2 0
 @bscharfe: terms may be different in the USA, in the UK a company cannot be declared bankrupt, only an individual can.
  • 1 0
 @justanotherusername: I had no idea, thanks
  • 19 0
 As professor Hubert said in Futurama, "Good news, everyone!". Hope I will get answer from them, my derailleur hanger is trashed.
  • 88 1
 Your hanger is trashed? Rate it as 'Junk', offload it to administrators, sell to venture capitalists, hire 500 staff, fire 400 of them, buy it back, and refit it to the bike but instead of hanger, call it hingymajiggy bicycles limited
  • 22 0
 "Good news, everyone! - unless you are the creditors who are owed a part of £2.14 million I guess - Unlikely they'll be seeing that cash again unfortunately
  • 17 0
 @browner: This guy capitalists
  • 5 9
flag MorettyBtt (Feb 6, 2023 at 10:51) (Below Threshold)
 @browner: Professor Hubert news were never any good, always none sense imposible deliverie/missions. Welcome to the capitalist system where we are living in. Banks, lobbies, puppet governments, pandemies, industries, wars. The legal mafia. We are trapped, try to survie, asphyxiating us is their game. I would be more concern about AI, it will sweap off extensively more manpower. 'Here’s Johnny!'
  • 3 0
 @JimmyOto:How fkin much ? Is that what was owed
  • 5 2
 They need a business model change. Maybe building steel moped frames (market demand) or open a branch office in UE. Doing the same will end up at the same. IMHO
  • 4 0
 Speaking about derailleur hanger, didn't someone say in the last Stanton's discussion that another brand has a compatible hanger for the Switchback? Isn't it Nordeste if my memory's right? The Bardino 2 model seems pretty similar...
  • 1 0
 @font style="vertical-align: inherit;">font style="vertical-align: inherit;">MorettyBtt /font>/font>:

Thats right
  • 1 0
 New youtube video but still no answer from Stanton....
  • 20 1
 A company, managed by its founder goes bankrupt. The former founder buys it back with his own money. Spot the problem!
  • 9 3
 Paid up Tory party member?
  • 4 0
 @ayatollah-of-sausagerollah: Maybe, we'd know for certain if it used to be a public sector industry.
  • 16 0
 I don't know what this means
  • 11 0
 offload debt & carry on
  • 9 0
 It means that he protected his personal and business wealth creating a new company and selling his existing company to his new company. I expect there are tax breaks involved and the bankruptcy firm bank rolls part of it for a ROI.
  • 3 0
 @HardtailHerold: I don’t think there was much in the way of business wealth to protect, the investor was plugging the gap and called in administrators due to Stanton effectively trading insolvently - it’s in the companies house document online

Dan runs the company for the love it it, that’s clear and that’s why I do hope it works out for him.
  • 1 0
 @KingPooPing Clearly means someone is drowning the fish.
  • 3 1
 @miguelcurto: i read a study recently on how scientists can tell if pet fish are actually bored
  • 1 0
 @HardtailHerold: ok cool Thanks for explaining it to me!
  • 16 0
 I got a ton of parking tickets on my truck and it got towed. I forfeited the truck and was absolved of financial responsibility. I bought the truck back at the impound yard auction for a fraction of the original tickets, towing, and storage fees.
  • 14 1
 STNTN cmon major marketing fail there peeps
  • 2 1
 VWLS R DMB
  • 12 0
 Dan Stanton (in Jeremy Clarkson voice) - "We're back!!
  • 12 1
 I had to double check. Nope, not written by Quinney.
  • 8 2
 Good luck to Dan and Stanton bikes - they ran one hell of a debt up with their investor without turning a profit though, it’s going to be a hard slog for many years to come.

Looks like the investor put in about £1million over a few short years with no real return.
  • 9 0
 Was Dan the owner of the old Stanton bikes at the time he set up Stanton bicycles to make the purchase? Or did he sell the company to someone else who mismanaged the business into debt, in between?
One feels like a saviour stepping in to protecting his own name and the business he founded, the other sounds shady AF
  • 3 0
 @ROOTminus1: the law allows the purchasing party to have connections that same as related to the purchased party.

It sounds shady yes. But the alternative is that nobody buys the assets and it all goes to junk/firesale as well as the debts never repaid.

It sounds messed up but it's better to have another crack at it vs. oblivion. People will get jobs again, existing customers get continuity. It's the creditors who lose out...but a good proportion will be able to take it as this is what happens sometimes when you are lending money.

Is it mismanagement? I don't know....but I do know things done changed in the last 12 months. When all the tech firms are laying people off...that means situation is bad.
  • 5 0
 @The-Spirit-of-Jazz:

I would think tech layoffs are the least bad as those companies seemed bloated AF. They've been riding the wave of free money for years and now they actually have to be sound. Don't think any big tech companies will be falling on hardtimes. Might just be fewer free lunches and yoga classes. I accept that I could be totally wrong on this, though.
  • 7 1
 @The-Spirit-of-Jazz: I think the tech giants are shedding staff for various different reasons; Musk isn't a real human, just a collection of memes that reached critical mass, Meta bet it all on a drunk guy in a panto horse costume in the Grand National, Bezos is on track to replace all meat-bags in the Amazon family with AI and robots, and Microsoft just shat the bed when they realised what AI was doing.

But I get what you mean, it does all feel like the first echoes of a very large, distant bubble going pop.
  • 5 0
 @ROOTminus1: If you google ‘Stanton bikes Ltd’ and follow the companies house link it’s all laid out in the documents there.

In short, Stanton was trading poorly, investor had a million so out into company in the past few years, company found to be insolvent, Dan and him disagreed on what to do so investor called in administrators. The administrators run the company while they try to find a buyer, old creditors I don’t think get much. Dan sets up new company and buys stuff off administrators - their valuations for stock are all in the documents.

Does the investor or people the old Stanton are owed money to get a penny, I have no idea.

Business can be a strange old game.
  • 2 0
 @justanotherusername: That makes more sense, it's kind of like a bitter divorce between Dan and the investor. Dan Stanton gets to keep the house but has to buy out the partner, though through court shenanigans doesn't have to pay off half the mortgage, just a token sum
  • 2 0
 @ROOTminus1: yea but in a real divorce nobody gets to evaporate a million quid or make token payments.

That’s why business is mad - I know of a shop that called in administrators, sold the stock to his wife, wiped out a £100k HMRC bill plus his old suppliers and opened in the same premises a week later with different suppliers and his wife as director.
  • 2 1
 @ROOTminus1: “ Bezos is on track to replace all meat-bags in the Amazon family with AI and robots,” thank f*ck ive been promised a two day working week whilst the robots stole our jerbs for literally 20 years
  • 1 0
 @justanotherusername: kanye says he wants more information
  • 1 0
 @justanotherusername: @justanotherusername: Read the same. You hit the nail on the head with what has gone on there methinks.

The Atkinson family were the investors. Significantly, the docs at companies house show that Dan had yet to submit any "statement of concurrance" showing he agreed with the process at the time of the meeting with the administrators, suggesting significant differences of opinion about the way forward.

At that time it was Robert Atkinson who was paying for the company to trade in November to the tune of 6,800 GBP for rent, salaries etc; it was his continued investment that kept it afloat.

The story has moved on again as of today... with the debt transfer to a German company being the latest nugget to see the light of day. See Stanton's FB page. It doesn't look like there is going to be any amicable ending for a while.
  • 2 0
 @JapanDave: Dan is claiming all of that is nonsense and they are making false claims / illegally using the name.

If it isn’t a scam move by the German company (who are apparently legit) somehow they have bought the old Ltd company Dan walked away from to setup the new ‘Stanton’ - it sounds like a complete mess if true.
  • 7 0
 @edspratt, a bit of a translation from British legalese would have been in order, as well as a bit of context. Did Stanton own the company before it went down, or was it tanked by somebody else?
  • 6 0
 Basically phoenix’es his own company
  • 2 0
 From what I understand it wasn't his choice to do this it was "the other guy". If it was a phoenix then it would all have happened much more quickly.
  • 2 0
 @The-Spirit-of-Jazz: Where does one borrow the money to save ones own company then? Feeling down the sofa to see if anything might have fallen in between the cushions?
  • 2 0
 @ayatollah-of-sausagerollah: he may have found another investor or sourced some personal finance that hadn't gone into the old business.

You joke but if his bid was £1 and it was the best bid for the business then that's better than £0.

(I am sure he paid more than £1)
  • 1 1
 @The-Spirit-of-Jazz: Agree with you here. If it was a 'cut-and-chop' then it would have happened much more quickly.

Sometimes things break down with other investors. This can be for lots of reasons - including nothing to do with the business they're both invested in. Collapsing the old business structure is sometimes the best approach as it allows everyone to claim and restart (mostly) cleanly and without ties to the old ventures/investors.

That's actually the cornerstone of a company (separate legal entity from the owners). I'd still be happy buying a Stanton bicycle.
  • 1 0
 @The-Spirit-of-Jazz: Google Stanton bikes Ltd and follow the companies house link - the documents on there tell all.

Looks like Stanton was financially hammered, investor would put no more in and disagreed with Dan as to what to do so brought in administrators.
  • 2 0
 @The-Spirit-of-Jazz: when it comes to the buying of companies you cannot pay less than a pound. That's why you read various headlines about a company being sold for a quid (MG Rover to BMW for an example).

For the ownership to change money must change hands even if its a "nominal figure".

You need to be a little careful though, let's say you buy your parents house for a quid to try and dodge inheritance tax but they die before the end of the seven year window HMRC are coming for you as the assets were deliberately greatly undervalued. Companies are different here as they cost money in wages, rent, debts etc etc
  • 4 0
 Anyone else waiting on a frame out there? Hopefully this means I can at least get a response, no response for a month now. Last I heard they were just waiting on a coil and then it could be shipped, maybe EXT wasn't sending them any more parts. My most recent email got kicked back as the email address no longer exists. Sounds like a struggle over there and I hate to be guy complaining to no one on the internet, but I would love to hear if this is a familiar story to anyone out there.
  • 3 0
 Only really two scenarios for you unfortunately -

- The new Stanton bikes company has purchased the old company and the condition to supply outstanding customer orders - unlikely as you would be down the list as a creditor.

- The new Stanton bikes company ships your order as it’s the right judgement call but they have absolutely no legal requirement to do so what so ever.

I can’t really see any other scenario.
  • 9 1
 great news! hope he'll succeed
  • 4 0
 Great brands like this, where you consider they could just stay VERY small, not meet demand, but be healthy and profitable... Isn't that better than getting lost in the mess of attempting to please more customers than you're capable of?

If they made just 2 or 3 different hardtails, and did an incredible job with it... To me that is something.
  • 7 1
 Unpopular opinion; Stanton Bikes/Bicycles Ltd will not survive. I give them a year to live, unless it's just mothballed. I really hope I'm proven wrong, though.
  • 2 1
 IKWYK but he might slim things down and focus on knocking out hardtail frames and arrive at a sustainable position - rather than sinking money into full-sus bikes that nobody will buy.
  • 1 1
 @chakaping: it's a pitty that nobody will buy, because they work really well.
  • 4 0
 Reality is that making anything in a country like the UK is going to be expensive , Don't waste your time or your money buy it in from abroad and sell it .
  • 3 0
 I am inclined to agree here - their books and all laid out bare in companies house, Dan was pumping money into the company not taking it out, it’s only sustainable for so long.

Maybe the removal of debt repayments can rebalance things, got to have operating capital from somewhere though.
  • 4 0
 I'm ready to give a pass to small business owners that are running into issues as we come out of the pandemic. They don't have the war chest of a Specialized or Trek to get them through bad decisions. Yeah, bankruptcy/administration, can be weird and not make sense, but at least Dan didn't grift millions of federal $ like some companies we've all read about.
  • 2 0
 Read the accounts on companies house, 2 mill of debt for a company turning over under half that at best is more than issues coming out of the pandemic.
  • 2 0
 @justanotherusername: sounds dodgy to me
  • 2 0
 @justanotherusername: Yeah, not saying Dan is a small business savant. I'm sure he has made some decisions he would like a re-do on, pandemic related or not, that got him to this point.
  • 6 0
 I hope this means I will get the derailleur hanger I ordered from them back in November 2022.
  • 6 0
 I'm sure the creditors will be happy at the news
  • 4 0
 Cool bikes. Amazing that they managed to go into that much debt during a time of unprecedented demand for the products
  • 2 0
 Dan, please make the Switcher Ti 29FS with a reach of 485-495. I would have bought that beauty a year ago had it been sized for me..... P.S. Congrats on reclaiming your company!
  • 1 0
 They had a distributor in Japan, and they sold a few bikes. Then they went strictly B2C and no one bought them anymore. If that is what happened all over the world, maybe that is what did them in? You need to really be putting out alot of content, in many languages if you want the world to come to your website and buy a bike they have never seen or ridden.
  • 4 0
 So, is this like the business equivalent of getting a do over?
  • 1 0
 It's a do over where you get all new sponsors for the 2nd attempt, so almost everyone that helped you the first time gets very little out of it
  • 1 0
 Yes! I declare bankruptcy!
  • 1 1
 @justinfoil: risk and reward.....you should see how many billions are lost in Silicon Valley, for the opportunity to make trillions!
  • 3 0
 I'm happy Dan was able.to buy it back. I really like Stanton's bikes, this is great news.
  • 1 0
 Why wouldn't I? Just ethically not for me. People have been losing money on bike firms for various reasons. I just chose to spend my money somewhere that I feel comfortable with.
  • 1 0
 Soundtrack that was playing while they finalized the paperwork - The Stanton Lick - Lemon Jelly www.youtube.com/watch?v=6Ls_XYQuGJU
  • 3 0
 Great news. Time to come back stronger and leaner.
  • 1 0
 "Since it opened in 2011, Stanton Bikes has continued to establish a global presence"- Stanton Bikes??
  • 1 0
 Whooooo! That’s some hot, sexy statement of affairs talk right there!
  • 2 1
 So, how do the debts disappear?
  • 5 0
 I assume the new company made an offer to the administrators for the old company and purchased its stock etc.

I would love to know how much of the 2.1mil gets wiped or if the new company owes the investor, hmrc etc etc a big wedge, unlikely though surely as how would the new company survive with the old companies debts but no big investor?
  • 5 0
 The process is like going bankrupt on a personal level. The creditors accept they aren't getting all their money back but have the legal process of administration to comfort them it's the "best outcome" and indeed claim on insurance.

Dan's offer may or may not have included taking on the old co.'s debts but if it was the best offer that could be achieved then it's the best outcome for people that are owed money.

It's quite likely a founder sees more potential/value in a business than an outsider.
  • 5 0
 @Pabsm80: You think the investor has ‘insurance ‘ - not a chance in hell.

I find it implausible to think he took on repaying the 2million or so debt, repaying that in 10 years would be £200k a year or 20% of the best turnover Stanton ever made (peak of covid they did just shy of a million) - even then the company didn’t break £100k profit.

Dan clearly loves the business, it’s the only reason it’s survived, it ain’t because it’s a gold mine.
  • 2 0
 @justanotherusername: you would hope that an investor with that kind of dough would be experienced enough to know the risk they were taking.

Plenty of businesses have flogged revenue to get somewhere, surviving on investors/debt. Whether that thinking should apply to small ish bike co. I don't know.

I do hope that the reboot allows Stanton to do things differently.
  • 4 0
 @Pabsm80: By ‘doing things differently’ - does that mean buying stock back at much less than cost price that was originally purchased with someone else’s money and wiping out millions of debt in the process?

It will be interesting to see where ‘firehouse design’ goes in the future.
  • 2 0
 @justanotherusername: I think they should build to order at a smaller scale. Too much stock but not enough orders appears to have been the issue.

I don't think Dan wanted this nor will the build up and process been anything other than horrible. He might have landed on his feet but I don't think that's by design.
  • 3 3
 @Pabsm80: Hold on he pumped a million quid of someone elses money into something that he knew didnt turn that much profit , He was the boss and was at the helm whilst it happened , IF You run a company you are in control, evidently despite the funding someone was out of their depth, this is borne out by fact eventually Anything else is making excuses, plenty of companies survived with less funds.
  • 2 3
 @thewanderingtramp: someone pumped a million quid of their own money into his thing, hoping for a return. Investments can go down as well as up.
  • 4 2
 @tomhoward379: Bore off back to Singletrack
  • 3 5
 @thewanderingtramp: I will, you not coming too? Dans given them an interview saying that the only folk that have lost on this are PayPal, DHL, the millionaire investor and himself. Not customers or manufacturing suppliers. Sounds like a good result to me.
  • 4 2
 @tomhoward379: Toodlepip then .
  • 4 0
 @tomhoward379: how is that a good result??
  • 4 3
 @Tambo: the only people who lost out either new the risk they were taking (the investor and Dan) or won’t be significantly affected by any losses (PayPal and DHL). Unsuspecting customers and small suppliers unaffected it seems. Could have been a LOT worse.
  • 3 2
 @tomhoward379: You realise the likes of PayPal and DHL are owned by people who have mouths to feed and bills to pay too? Just because they are global businesses with deep pockets, it's far from good.
  • 3 5
 @nosamsemaj: who at those companies is going hungry off the back of this? From the interview, seems they weren’t all that bothered.
  • 5 2
 Entitled to your own opinion...however narrow minded it might be.
  • 4 1
 @nosamsemaj: A couple of 10-20 K off the bottom line at TNT is nothing they just write it off against tax then lay a few off to cover it, definitely not hurting anyone. When you can look down your nose at the poor people like a certain someone does though !! I mean it could have been a lot worse.

To quote from the coveted press release.

"I’m also a pretty big creditor!"

Nothing like being a big creditor to make sure you get your slice of the pie.

" I’d rather have my company, in my hands, than press the panic button and try and recover previous loans to the business "

Beauty
  • 2 0
 @tomhoward379: I find the ‘millionaire investor’ label and others where people have labelled the investor as ‘greedy’ quite odd.

Yes investments to up and down but aren’t often completely wiped to nothing and I assume most have no idea about the financial position of this investor.

I don’t think it’s greedy for an investor to expect some kind of return from an investment and I don’t blame him for going to the administrators when according to the accounts on companies house they were trading insolvent, as a director knowing this you have to take action.

I find it hard to see how an investor involved in the company for years being cut short of a million odd pounds is a ‘good result’.
  • 2 2
 @justanotherusername: do we know that they got nothing back? They brought the administrators in by the sounds of it, be interesting to see how many p in the £ they got back. Good result maybe went a little far, but I stand by it could be a lot worse.
  • 4 0
 @tomhoward379: Yes, read the detail on companies house - the investor instructed the administrators after disagreeing with Dan over how to manage the insolvent status of the company - Stanton wasn’t in good health, trading insolvent can get a director in trouble and after £700k odd was pumped into the company in a couple of years what would you do?

I think it’s highly unlikely much money found it’s way back to the investor - where would the money have come from? - just 8 or less weeks of trading and no money in the bank and at its peak Stanton turned over less than a mill a year?

I am in no way implying Dan engineered this situation to benefit him, not in the slightest but the ‘evil investor’ line is pure bullshit.
  • 2 2
 @justanotherusername: I’m not saying ‘evil investor’ either, more ‘eyes open’ investor.
  • 2 0
 @justanotherusername: one thing we do know theres an IT guy at the civil service scratching his head wondering why the f*ck a load of canadian mountain bikers have an interest in companies house website
  • 1 0
 @Compositepro: Hey its pretty interesting reading - One thing I take from it is I don't want to make stuff anymore, I want to charge £200 an hour for trying to sell somebody else's insolvent company.
  • 1 0
 @justanotherusername: mate when i saw the administrators were on 200 an hour and the guy had had to pay 17k to instigate all this i was thinking ......im in the wrong game all together , partners were on 350 an hour in the schedule of fees so s/he earned 20 just to drink a cuppa
  • 1 0
 Sick should have tried this?
  • 10 0
 Why they just fleeced everyone and fucked off into beer making land
  • 1 0
 @ayatollah-of-sausagerollah: oh is that what they are up to? Making beer now.

If they have an @, let me know. I'd love to see them make a hash of that too.
  • 2 0
 They didn't owe me money or a bike, and I'm still bitter about their antics!
  • 4 0
 @Tambo: bitter isnt beer though is it…or is it ….lager then
  • 2 1
 @Compositepro: ha! Don't care what it is; I'm not drinking their kool-aid.
  • 1 4
 Wait, Fabio Wibmers brand?
  • 1 0
 @ayatollah-of-sausagerollah: beer? Have they already moved on from vegan cheese then? I can’t keep up
  • 1 0
 @Mylarrito: no, different thing. Not Fabio related.
  • 2 1
 I've been loving my switch9er that I got on black Friday. Good news.
  • 1 0
 That is a pretty impressive amount of debt for a small company
  • 1 0
 So who are the investors who lost money? PayPal isn't an investor.
  • 2 1
 That’s cool
  • 2 1
 So is it an ebike?
  • 6 6
 I wouldn't shop with Stanton.
  • 2 0
 That’s an interesting comment. Why wouldn’t you?
  • 3 1
 I’m trying to decide whether to buy or not. I’m beginning to think that it’s immoral to buy from a company that has left so many people out of pocket just to ensure one person can succeed. I think the name change says it all. But the bikes have a good rep….. what to do???
  • 1 0
 @Pinklady13: I don't think its a moral question. You cant judge Dan unless you have been in his situation. just because he was able to buy it doesn't mean he's laughing. He could still be horribly exposed be financially.

It's more a pragmatic decision of whether it matters how long they survive or not.

I am a customer of theirs and obviously not great they may not have prevailed...but I was not worried. It's not junk they make. If it's a hardtail you are looking at then low risk I say.
  • 3 0
 No one gives a shit, Probably a blessing for Stanton than a lost sale
  • 1 0
 @Pinklady13: I absolutely agree hear you. Everyone is positive about them coming back...but those left out of pocket won't share the same view. A system that allows this is the problem.
  • 2 0
 @nosamsemaj: the people that have lost money will have lost it whether they come back or not.

If more lose money on the new company then that's a different matter!

Hopefully it just means more Stantons. The product is good.
  • 1 0
 I did ,instead of buying your Vendetta.







Copyright © 2000 - 2024. Pinkbike.com. All rights reserved.
dv65 0.056742
Mobile Version of Website