GPR

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jmtechnical
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GPR

Postby jmtechnical » Mon Jan 05, 2009 6:10 pm

All

Hope no one has ordered stuff from GPR. Looks like they are going down in the credit crunch !!!!

See thier web site Important Notice...

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Re: GPR

Postby jmtechnical » Mon Jan 05, 2009 6:47 pm

Just heard you may be okay in some ways. The roamer is DT have bought them !!! rebranding.
DT bought them 12 months ago so the story goes.

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tristancliffe
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Re: GPR

Postby tristancliffe » Mon Jan 05, 2009 7:33 pm

Hmmm, that would explain why the 09 catalogue is even closer in style to the DT catalogue. The downside is that a certain amount of major competition will have been lost in the market that could push the prices up. As long as people stay aware of the smaller companies (Merlin, Raceparts, Think etc) perhaps it won't make too much difference...

Hope it gets sorted soon. I have a phone call to make to GPR.
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captiv8ted
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Re: GPR

Postby captiv8ted » Mon Jan 05, 2009 8:25 pm

I imagine they will withdraw from the Autosport show :( I had designs on a couple of bits from them....

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Re: GPR

Postby AndyY » Tue Jan 06, 2009 10:52 am

Don't think that there was any competition between GPR & DT anyway - there prices always seemed to be the same to me. I heard that the Minshaws had bought GPR about a year ago. Doesn't mean that GPR are not going down, though.
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Re: GPR

Postby Nick Harrison » Tue Jan 06, 2009 11:17 am

AndyY wrote:Don't think that there was any competition between GPR & DT anyway - there prices always seemed to be the same to me. I heard that the Minshaws had bought GPR about a year ago. Doesn't mean that GPR are not going down, though.


Andy

Maybe wrong here but I thought the Minshaws took their money out by selling DT to a US VC a couple of years ago.

Are you saying the owners of DT bought GPR or that after the Minshaws sold DT (if that is correct) the family then bought GPR?

Nick.

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Re: GPR

Postby jmtechnical » Tue Jan 06, 2009 11:36 am

Nick

I think it is DT have bought GPR. The Minshaws did sell but all got kept on as normal. I had heaqrd the USA company was having trouble a year or so ago and minshaw bought it all back at nocked down price. From what I hear it looks like GPR will shut the london shop and then the silverstone place just becomes an arm of DT.

Will have a chat with people in now and when concrete confirm. Don't think it will change anything as has been said they where very much like for like anyway.

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Re: GPR

Postby AndyY » Tue Jan 06, 2009 1:37 pm

Nick

I think that Stephen is right, I had heard that the Minshaws bought DT back (having pocketed a fair wedge of cash!) & then bought GPR about a year ago with the proceeds. GPR were supposed to be sponsoring CSCC Tin Tops in 2008 but it all went pear shaped because of the change in ownership!
Andy Yeomans - former Mono 1800 and 2000 racer (!?). Now CSCC and aspiring Clubmans racer.

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Re: GPR

Postby RedRedWine » Tue Jan 06, 2009 2:04 pm

Just looked up DT's accounts. Latest filed is Dec2007 and in the 3 years to then, they lost £863k after tax, having paid (deep breath) £4.8m in interest. They had £14m of goodwill in the balance sheet (hmm, what's that worth?) and annual turnover (which hasn't grown in 3 years) of £20m.
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jmtechnical
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Re: GPR

Postby jmtechnical » Sat Feb 07, 2009 5:27 pm

Glad to say GPS has been saved.

Martin Hines of ZIP has bought it and it will carry on in Silverstone.

Great News in this day and age of credit crunch etc.


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