21:22 09/12/2011	It's all over now !
Administrators announce that unsecured creditors unlikely to get any distribution. http://www.insidermedia.com/insider/north-west/63203-creditors-expected-take-discover-leisure-hit/index.html By OldCaravanner
12:10 09/11/2011	Re: Thats NOT That
I doubt if KPMG are going to "investigate" at all;just sell off assets at the maximum obtainable price for creditors. The reasons for failure are self evident.The business has been poorly run with inadequate and diminishing resources.Poorly run does not mean that in a legal sense anything "improper" has been done. Discovers problems have been well flagged,not least by its previous CVA, and its accounts public record.If suppliers continued to supply and investors continued to invest and lenders to lend they should have been aware of the risk. By TX2
22:38 08/11/2011	Thats NOT That
Tomtomdrums, Oldcaravaner et al you all say thats that, BUT surely we should for the sake of the investors and suppliers who have lost so much money try and uncover who was responsible for this fiasco. Are KPMG going to investigate deeply? Have you any ideas to start the ball rolling? By Sage007
21:40 04/11/2011	Re: Thats That
Just 58 caravans and motorhomes left, the rest has been sold, as I posted earlier, mostly to the Caravan Company. The accessory stock is being sold off at 50% of list price, over the weekend of 12/13th November - details on Discover's website. But you're right, it's gone. By OldCaravanner
19:09 03/11/2011	Re: Thats That
Some of the stock, which belonged to the finance company involved has been sold, but a lot of stock still remains. Anyway , nothing matters any more . The business has gone and THAT'S THAT. By Tomtomdrums
18:48 31/10/2011	Re: Thats That
Looks like the Administrator has realised there's nothing worth saving - all the stock of new and used caravans and motorhomes has been sold off to other dealers. By OldCaravanner
21:28 18/10/2011	Re: Thats That
We all knew this would be the outcome , Those words resounding in the ears of the employee from the employer "if you dont like the way we work, then hey go and flip burgers at mcdonalds" Ironic then, that on The Discover stand at the N.E.C on oct 15th a Subway sandwich bar was placed upon that very spot. By Tomtomdrums
21:08 18/10/2011	Re: Thats That
I feel sorry for the customers - they got screwed on purchase and now get screwed on support. By OldCaravanner
13:53 16/10/2011	Re: Thats That
not unexpected,given the style of management. its possible that experienced caravan managers may be able to save some of the buisness but I doubt that the ears are open to suggestion, my heart goes out to the people who now have to bear the brunt of a poorly run buisness, just before xmas By big stilton
12:42 14/10/2011	Re: Thats That
I am sorry for employees,creditors and remaining shareholders as the news looks bad,as expected, but I hope its Directors "discover leisure" in the near future! By TX2
10:56 14/10/2011	NEC
I hear on the grape vine that the Discover staff at the NEC show have been sent home and their stand partitioned off...not good! I certainly feel for anyone who works for them, or has put a deposit on a 'van this week. By Fumeage
10:20 14/10/2011	Thats That
As was thought its lights out in the caravan. By BOWOOD
10:14 12/10/2011	Re: Press Release
Two more winters and one more summer over the next 18 months, By BOWOOD
20:38 08/10/2011	Re: Press Release
Do we think Discover will be strong at the NEC? Will they have the Volante in Birmingham? Do they have what it takes to survive? By Tomtomdrums
20:01 31/08/2011	Re: Press Release
Committing to a fixed volume they can't sell on is the danger, regardless of their margin. I'm just a caravanner who invests - if you don''t want potential customer insight then you're making the same mistake as Discover. For reference I work on 10-15% discount - that's when I'm buying a caravan from a dealer! By OldCaravanner