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A very lucky escape (financially)

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McCabe-Thiele (Ted):
That remided me of an incident involving the Official Receiver.

Back in the 1960's my late Father worked as General Manager for a branch of Brocklehurst Motors in Derby. Late one afternoon he received a phone call from the Official Receiver (OR) to the effect that the firm was in Administration with most of the branches ceasing trading and closing that day. As the Derby Branch was a very profitable one they retained my father to continue in his role but working directly for the OR.

There were a couple of vehicles that had been paid for by customers of the old firm not due for delivery until that weekend. The customers were contacted that evening by my Father to collect their vehicles that night with Insurance Cover Notes hastily written out & finance documents drawn up.

A few days later the OR visited the Derby Branch to have a meeting with my Father regarding banking arrangement as well as stock checks & an audit. The OR soon realised what my father had done & was not best pleased but undersood his motive. He reprimanded my Father about his conduct - he continued to work for the OR for about ten months during that time the Derby Branch returned a substantial profit towards creditors.

The Derby Branch was sold as a going concern to the late Harry Cressman who was the then Chairman of Bristol Street Motors Ltd. Any Brummies here will remember Harry as the one time owner of Aston Villa.

On the sale of the Derby Branch the OR who was not allowed to pay my Father a bonus could do a gift - he gave him a Gold Swiss Watch as a thank you. My Father went on to continue managing the Derby Branch as a Director for a couple of years.

https://www.business-live.co.uk/economic-development/former-aston-villa-director-harry-3957575

Johnny4428:
Interesting story Ted. And admirable loyalty to customers by your late father.

taysidedragon:
You had a very lucky escape. Ecosse Motorcycles also had a branch in Dundee which went into administration at the same time. The owner stored several of his own bike collection in the workshop and they mysteriously disappeared a couple of days before the shit hit the fan! The announcement was made on Facebook saying that he was taking early retirement,  at the very bottom of the post saying any enquiries contact .... and giving the administrator's details.
Lots of people have lost deposits or even full payments for bikes. The owner had better hope that none of them know where he lives! 🤬

Athame57:
I'm glad you slipped through the new Ian! I remember a fellow dispatch rider who took a bike into a shop for a repair, the mechanic took it for a test run and crashed in a big way. It turns out they weren't liable and his insurance didn't cover him for this, he was left out of pocket. I wonder if that is normal?

taysidedragon:
Dear all past and present Ecosse customers

With immediate effect we would like to inform you that both Aberdeen and Dundee shops will close.

Martin has made the difficult decision to retire and would like to use this opportunity to thank all customers of Ecosse that we have enjoyed looking after over the past 18 years or so.

We go in the knowledge we have left lots of happy memories in the biking community in the North East of Scotland.

The closure of the company is being handled by CBW Recovery LLP and any enquiries should be directed to 020 7309 3805.

We'd also like to thank all of our suppliers who have supported us over the years.

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