Planet X – In Administration

I got a letter in the post about it today. Weird as not owed money I’m just an ex customer name on the database

It’s from two weeks ago but documents have taken time to process/be updated.

its a pre-pack. planet x ltd went into administration and Baj bought the assets and brand, staff transferred over too.

https://www.rothbiz.co.uk/2023/06/news-8115-jobs-saved-as-rotherham-bike.html

there are two other planet x related businesses that still seem to be active – planet x retail and planet x EOT trustees.

Anyone know if they are still making new frames or just selling the stock?

its a pre-pack.

Now it depends on which bits the new owners really want. TBH, I wouldn’t bet against them gutting it and walking away in <12 months.

So do we reckon it’s safe to order stuff? Seems like it.

If they had something I wanted I wouldn’t hesitate to buy from them. I would use PayPal so I had some protection though

I placed an order with Planet X about 10 days ago, I was genuinely surprised how quickly I received it. I think it took 2 days. I had assumed lower staffing levels and therefore a bit of a wait.

Fingers crossed the get some bootzipper frames back in stock, I’d not hesitate in ordering one.

I ordered 2 pairs of bibs on friday, tracking number shows delivery tomorrow, so fingers crossed

Wow – I ordered a couple of carnac jerseys for Mrs at 5pm yesterday, and she’s just cycled away wearing one this morning!  very speedy

Got a shock pump last week for £10 – is exactly the same as the one that came with Marzocchi forks a few years back but with “Jobsworth” logo. Nice.

very speedy
Yeah, I’ve seen her go, she is rapid! 😉

The daily emails offering bikes at massive discounts have stopped and they’re all back to full price. Discounts of stock of clothing, tools etc seem to be continuing though – I guess they’re overstocked on a lot of that?

PAYDAY20

20% off the entire site till Monday apparently. Smells a bit more ‘fire-saley’ to me. Pay with Paypal or a Credit Card and go for it!

The daily emails offering bikes at massive discounts have stopped and they’re all back to full price

20% off the entire site till Monday apparently

Business as usual then

yes, I smiled when I received that this morning!

Was trying to find this thread earlier to post re the 20% off.

New down sleeping bag bought here 🙂

Just ordered the bar bag for a two day Pennine Bridleway ride. May not use the bag again, but it looks better than anything else out there for the price. Only needs to keep my civvy clothes nice and dry. Also two bottle cages as the ones on MrsF’s and daughter’s bikes have snapped.

So that 20% off, it seemingly applies to anything on the site, no matter what existing discounts are already applied.

e.g. this Chorus Disc groupset!

£1,199.99 -> £959.99 for a Chorus Disc groupset: That’s well below anyone elses listed price currently, So if you’re a Campag fan That might be worth it…

Yes, it works on all the ex display bikes as well which they don’t usually work on.

The recent update to Companies House is an interesting read.

It basically lists all of their debt to suppliers and the customers who have credit left over on their accounts.

https://find-and-update.company-information.service.gov.uk/company/06535324/filing-history

Interesting. Stock £3m value but stated as realisable 10% of that per the then administrator. £750k due to Sram. Waltly £150k.

Rotherham council £50k.
DPD & FedEx taking a bath.
Shimano not listed so either payment in advance or grey market sourcing.
One that raised a wry smile…£32k bonus accrual for trevor parker – ha!

I’m down as a creditor, at least that explains why I got a letter from the administrators, it’s pennies though not worth the stamp cost. If I had a hundred pound order unfulfilled I’d want to know but this seems a little pointless. I did laugh at ‘Please Select’ being a creditor clearly their data isn’t that clean!

We’ve been a regular customer of PX and I’m listed on that document as being owed £400 ? The thing is, we aren’t owed anything as far as I’m aware, all our orders have been fulfilled and we have nothing on credit with them either, nor any outstanding refunds. Can anyone shed some light on it please ? TIA

When was your most recent order with them, and approx value?

I’m down as a creditor, at least that explains why I got a letter from the administrators

Where are you seeing this exactly? I got one of those letters as well. Had a bike on credit from them a couple of years ago, paid off in full. I ain’t there must be thousands of people in that boat?

When was your most recent order with them, and approx value?

30/6 and it’s being currently picked.
Before that 09/06/23 2 pairs of bib shorts – returned for full refund, approx £60

Where are you seeing this exactly? I got one of those letters as well. Had a bike on credit from them a couple of years ago, paid off in full. I ain’t there must be thousands of people in that boat?

If you follow the link to the companies house posted by cycle92 you can view all the creditors listed in alphabetical order

I think I’ll not bother with that block quote effect again… 😂🙈

Just wondering if it’s slightly sloppy bookkeeping; you placed the order and paid for it, but the dispatched stock isn’t accounted for on their system, or cleared off a ledger, so shows as owing subsequently after delivery. That could then show up to the administrator as being outstanding to you as a creditor.
Could be something entirely different though.

So I checked and I am on the list for being owed £5.

I ordered some of their excellent tights (not bibs, just thin stretchy tights for those winter rides). Of course being planet x the ones I ordered and received were different. I pointed this out and got an email saying they’d refund £5 off my next order. A couple years later I haven’t ordered so I guess I’m still on their database somewhere being owed this amount.

Just saw the ad for the new PX Aero bike, the E130. It’s not quite the bargain basement pricing we’re used to but I’ve gotta say it does look pretty nice … Clean lines and subtle (for PX) paint scheme ..

It’s not quite the bargain basement pricing we’re used to

You can’t have a sale unless you start the price high! How long before it’s got a grand off?

Ordered sone sram clamps. Price good. Arrived promptly
Good news I’d say. PX is a useful source at times for sure.

You can’t legally have a sale unless you start the price high!

FTFY. Remember this is PX we’re talking about 🤔😂

Zilog6128 yeah but that law’s not administered generally. I chatted to a pal, with whom I spent 4 years working in Consumer Protection oop North, about this.
He stayed on there – told me they just don’t have the resources to enforce against fake “sales”. Look at DFS he said. Right!

https://www.planetx.co.uk/

New look website has been launched.

New look website has been launched.

I assume it’s hacked, almost none of the bikes are showing discount from rrp

Good luck with the full price thing!