UK brand Stanton Bikes, probably best known for their slack hardtails, has called administrators and is apparently up for sale. Based in Matlock and employing eleven people, Stanton focuses on steel and titanium frames, as well as carbon fiber rear triangles on their Switch9er FS Ti trail bike that Seb Stott reviewed earlier this year.
It's been a rollercoaster couple of years for the cycling industry, especially when it comes to small businesses, supply chains, and manufacturing. Work is continuing, according to
thebusinessdesk.com, and the Stanton website is still live.
UpdateStanton has now released an official response stating:
 | 11 years ago Stanton Bikes became a business built on the popularity of the first frame I ever made. It wouldn’t have happened without the faith and support shown by others in what I do, people who love the culture of MTB as much as I do. I appreciate it now as much as I did when I first started.
So, now I find myself in the heartbreaking situation of seeing the business I built falling into administration, I want to be as open as I can with everyone.
Like many businesses that want to grow, particularly in manufacturing, we rely on financial backing. The last 2 years have obviously been extremely difficult to navigate and the exposure to severely unpredictable market forces has tested everyone to the limit. We find ourselves in a situation where our backers are looking to minimise their portfolio exposure. Meaning that we need to look for a new source of investment and that’s the task that the administrators have been brought in to achieve.
As things stand, Stanton Bikes Ltd is now under the control of the administrators. It is operating as a business but is in the hands of the administrator not mine. The main thing me and the staff here care about is making sure the handful of customers who have frames boxed up and ready to go get their frame as fast as possible, and the 8 customers waiting on bikes get their new trail weapons shipped too. Goodwill and trust are hard earned and it would be the worst outcome for me and the staff to see that damaged.
What’s slowing that down is the shifting of the business from our ownership to the administrators’ ownership. The switching of accounts and contracts with suppliers and shippers is taking a deal of time to sort out and put the necessary things in place to keep business as usual.
Thank you to everyone who has been in touch with messages of support, it keeps us going and lets us know that you’re there for us whatever the outcome. What binds me, the staff here, our customers, and the wider MTB community together is our love and passion for the scene. These ‘key metrics’ might not show on a balance sheet but sometimes it’s the things you can’t count that count the most. |
234 Comments
... and yeah: have to check this derailleur hanger issue 'cos I don't have any spare one since the beginning :-/
If nobody buys it Stanton is toast - massive shame.
@thenotoriousmic : Not sure whether that's a problem. Do people who break the frame of a certain manufacturer usually buy a new one from them? I think that if I would break a frame too soon, I'd get something new from someone else. You may get the customer on a new frame under warranty, but you're not going to make money that way. My previous frame is a DMR I bought back in 2008 or so. My daughter rides it now. My BMX (Stolen) is from 2004. My BTR is from 2018 and I expect to ride it for decades. Why not? It is odd to expect a frame to last only a few years. Unless you're trading durability for some kind of "competitive advantage" (which racers typically do), your bike should be up to the kind of use you throw at it. Yes fatigue is going to end the fun at some point, but not within a few years of use.
Not sure about Planet X or On One really. They sell through their own website so trying to sell a UK made Stanton alongside a On One that goes for a fraction of the cost is going to be a challenge. I'd say let just PON buy them. They seem to let brands what they want. If they can continue to sell carbon Santa Cruz bikes, people will surely buy steel Stanton bikes.
Pure speculation, but I would imagine he may have something to do with calling in the administrators.
Which model Stanton do you have? I also need spare hangers.
Brant / PX gave their frame contact in Taiwan to Sick / told the contact Sick were Ok to work with.
Sick exploded and PX as a result bought the batch the manufacturer started to make - as such the PX frames are the actual exact frames Sick ordered, just renamed.
www.pinkbike.com/news/sick-bicycles-manufacturer-selling-off-sick-branded-frames-claiming-lack-of-payment.html
The new point you brought up is questionable though. A rear mech hanger isn't a fixed volume. You can make it thinner, you can make it ribbed for stiffness depending on your chosen production process...
For context of this discussion, both my frame as well as my replaceable hanger are made out of steel. I've got a fully too, but the 2007 Saint mech (no rapid rise) is mounted to the axle
ooooh i reckon i could constructively argue against this
To decipher the gibberish
I guess it depends on your view of the universe as to what you apply that label to... I don't know all that much about quantum physics, but I don't deride it as "gibberish".
Not saying the poster can’t speak their mind, just trying to highlight how choice of words/language can snowball quite quickly - and no, it’s not just about being ‘too sensitive’.
Feel for Stanton though, hope they pull through bankruptcy/administration if possible.
This doesn’t take away from your legal system or culture.
It suggests that the writer, who is Canadian and writes to an audience that inevitably leans disproportionately towards people who have no idea about UK legal processes, should translate the “meaningless” phrase into something that others understand.
Anyway, back on topic, it pains me to see Stanton going through this and I hope they don't go away. I love my Sherpa, but it's a bit small for me (so will be for sale) and I was really hoping to one day replace it with a larger version.
I think what you mean to say is "going under administration, means nothing to people who have a loose grip on matters concerning bankruptcy and administration". Administration is a very common term, and while not the same as Bankruptcy per se, they're two solutions to the same problem each devised for its own legal system.
From one member of the commonwealth to another (I'm a Canuck in the USofA)... You seem concerned that Mntneer is passing a value judgement on the King's English, but maybe it's you?
Perhaps "gibberish" doesn't carry the same negative connotation where he/she is from that it does for you? It does after all have multiple meanings (carrying different connotations) itself.
www.merriam-webster.com/dictionary/gibberish.
And yeah, "falling into administration" could certainly qualify as "technical or esoteric".
Soon it will be whatever the Chinese think.
Yikes... can't believe I defended you. Very aggressive. You could have come at this in a much more tactful way.
Also, Canadians would understand plenty of British-isms, we are members of the Commonwealth and our legal system is based on British common-law.
Finally, your derogatory response confirms: I don't like your use of "gibberish" sir, I now find it offensive.
www.bbc.com/culture/article/20180207-how-americans-preserved-british-english
Agree, but "gibberish" itself can be fine. According to Merriam-Webster it's:
1) technical & esoteric, or
2) pretentious & needlessly obscure
Neither are particularly insulting in this context. Though it is commonly used to denote "nonsense", which may have started the transatlantic kerfuffle, that's certainly not a universally accepted meaning.
That said,... @mntneer seems to have had derisive intent, so... I'm out.
@iammarkstewart : I am Alsacien, some say we are French, we tend to not fully agree with this especially since people define France with Paris which isn't France by any means. Not sure what you mean by French people who would need to learn how to do things the proper way tho. As for learning a foreign language I think english speaking countries are so used to have the world making an effort to speak their language that most of you don't feel the need to learn any other language and since we all make the effort to learn english, why should you indeed. But if you want to integrate in a foreign country, speaking english won't cut it, heck even speaking english properly doesn't make it easy to integrate in english speaking countries' local communities. Now for the rest of the world, because we all have to learn at least one foreign language (yours) I think we might tend to respect a bit more foreign languages as we know how hard it can be and that our language isn't the only one. But that's a very biased vision, not sure my fellow countryman feel the same, especially those that can't speak anything else than French and pretty much consider France to be their entire world.
"Not sure what you mean by French people who would need to learn how to do things the proper way tho."...I said this in jest poking at some of the ridiculous bureaucracy required to do relatively simple things in life. While the language issue is my problem, bank transfers that take 3000 digits to complete, doctors notes just to join a sports team while everyone smokes away, and a postal service that outright won't deliver mail to our apartment...yeah, some places do that much better than France. Seriously. If we owe money, we'll get the mail. If friends send us a letter, no dice (2 months round trip return to sender from Canada...infuriating). We have to get packages delivered to a relay point because we can't trust anyone to deliver even if I'm home most of the time.
"Ireland (the US of EU)" I don't dispute it at all - I'd just like to know what some of the similarities are.
They ain't the only ones, Outside inc cut 12% of their staff today in addition to the layoffs previously at Beta etc.
He also mentions ad buys are down which probably explains the recent change to autoplay videos, if you can say that you are getting x amount of views on a vid the ad space value is higher, regardless of every pink bike commenter howling in fury..
Reading his letter it sounds like they are trying to squeeze every last dime out of Outside before it shits the bed.. and it probably will, because in spite of all the corporate bullshit bingo spewed by Robin and his backers, they are not actually innovative or creative, they don't care about the communities they are buying the media and tech of, they just want to make money as fast as possible and run
, and reading his letter to staff announcing layoffs, he f**king sucks at that too.
Phase 1: Soulless corporate venture capital type buys overvalued company that is largely attached to/dependant on a certain niche community he knows nothing about.
Phase 2: Corporate type is completely ignorant of said niche and subsequently runs the company into the ground.
Phase 3: Proceeds to squeeze the company for all it's worth to cut his losses before it finally implodes.
Do you reckon it's time to start thinking about where to migrate to once the lights go out around here? Feels all but inevitable reading news like this.
Ok so you guys planned for literally double digit growth, are shocked when that’s not sustainable in less than one year (!), then had to cut 12% of the (apparently, highest earning/most valuable) employees since things aren’t growing at a double digit rate. Well done. A more nimble and less sociopathic organization might have been able to manage this but I guess when you buy literally every cycling news outlet at once planning on that growth 1. You effed up and 2. You’re not gonna make $.
For me, it’s gonna be sad to watch as things get even worse since this recession is only lacing it’s shoes and it’s about to go running.
Jokes aside, I questioned the weight specs a while ago, because one web page called it in at 2.65kg and one at 2.96kg (presumably both of these are the 16" weights). I was informed that the lower was UK made Reynolds 631 and the higher was 4130. Just thought i'd share. I have to say I have had nothing but a great experience with Stanton, the customer service has been brilliant, and they even threw in a free headset for me, so I didn't have to buy a press to build it up! Shame to see a passionate small builder go through a tough time, hopefully the admins do what they're supposed to and get it sold or back up on it's feet!
Down vote all you want but, there's a reason the far East KILLS at bike production.
buisness rates, energy prices, an now green taxes all adds up. NOW add brexshit an covid to that........
like i said there's a reason the far east is killing it at manufacturing, Very sad but, true
@danstonQ Yes Totally!! my industry (low end Alu foundry + manufacturing) among others has been f*ckED by brexshit. I see it daily, I live it daily an yet STILL pro brexshiteers "see no ships"..............
I know a BMX company worked like this back in my BMX 90's days but, I cannot remember which one ! maybe Hoffman bikes??
Brexit is hands down the best thing that has ever happened to our fine country!
Yours sincerely
Boris and Nigel.
Generally speaking the Taiwanese-made ones are the same quality, they just cost less to make so get them where they want to be cost wise.
I can kind of see why it works for those US brands, but when you export those frames to other markets it makes less sense. For example, when I was looking at buying a frame a while back the "Made in the US" tag didn't mean anything to me other than I'd need to pay £150 or so more for what was essentially the same thing.
I expect it would have been the same for Stanton, plus the additional issues caused by Brexit dicking them as far as import/export goes.
I love BTR's frames an ethics an would LOVE to support him if I could afford to, breaks my heart to say it but, maybe BTR could be next
Bring on those downvotes. I wear them like a badge of honour.
THe frames aren't cheap, mind, but they're not outrageous and they sell well. But it took years of effort, from a well established and respected brand, to make it happen with at least one well publicised failure to get it going. If I wanted to get one frame made in the UK, no bother but if I wanted to get a hundred? Realistically it's not an option even if I could sell them for £10000 each, no amount of cash suddenly creates a skilled manufacturer.
And of course the taiwanese cotics are bloody lovely bikes.
And of course it's not just about production costs but also about costs per unit.
Best Movie of All Times IMO
I mean, I'd expect an 11 person company to be shipping out that many bikes every day, at a bare minimum.
-Walt
If you're burning through a $5k/day in overhead and you are really optimistically making $1000 per bike/frame, just breakeven is 5 bikes a day. So having 8 bikes that need to get shipped out... that's really, really bad.
It’s a real shame - if nobody buys them the administrator will liquidate stock to recover the creditors money and that’s that, though this won’t stop Stanton mk2 from appearing later down the line of course.
All the info will be thrown up on companies house soon either way.
I really feel for the guys at Stanton having their business aired publicly but I suppose that’s life in business.
Plenty of companies in the UK are utter shithouses hidden behind brilliant PR
I do feel for them having this put as front page news on PB though as Stanton are a stand up company run by a stand up guy - they are not the bad guys, this is no Sick bikes.
And as for company accounts being publicly available - that's only partly true below a certain size / turnover - you only have to file minimal information, for example you wont find out the company turnover, its profit etc etc - Have a look at Stanton's accounts for example, very little to go on there.
You certainly cant tell if the company is a shithouse from its corporation tax returns online.
Lots of bike frames….
Fun loving, high quality bikes with great geometry.
I did notice the price of UK made frames w Reynolds steel went up substantially the other year and they had to offer a cheaper asian 4130 option as well.
I assume small businesses to be more affected by supply chain issues, cost increases and currency effects as well as the Brexit mess.
My first proper custom built bike was an old Slackline, it was hands down the most fun bike I’ve had.
Finger’s crossed they find some more investment and can get more amazing steel frames under people!
Good luck guys
I can understand you being nervous though - ask Stanton first I would say, they will still be there, after that I suppose cancel the order.
They are still trading so all being well you get the frame and Stanton survive.
Here ya go!
stantonbikes.com/shop-terms/shop/frames-in-stock-now
Does anyone know if Stanton is still operating, their website is active but no one is answering the phones or email?
I met a british guy in a french bikepark that told me 'he' was planning to open a Cotic 'branch office', if I'm not wrong in Louchon.
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