Has anyone noticed MBH corporation the owners of Robinson's,White arches and golden castle has just gone onto administration.
Hopefully it's only temporary.
Hopefully it's only temporary.
MBH Corporation in administration.
- Thread starter THE WILSON FAMILY
- Start date
Golden Castle is our local dealer and I have purchased from them in the past. Their website shows no indication that they are owned by someone else. (But then it would not have to).
When I look up MBH their portfolio makes no indication that they have any interest in caravanning.
www.mbhcorporation.com
Can you expand?
John
When I look up MBH their portfolio makes no indication that they have any interest in caravanning.
MBH Portfolio
MBH Corporation plc benefits from a new approach to building a robust group of companies, called Agglomeration™. The corporation protects and preserves what made a business profitable, then places the same into a community of like-minded businesses with the intention of enhancing the value of...
Can you expand?
John
The company reports that they ave businesses in the leisure market. Here’s a screenshot showing those companies
MBH have gone into Administration so I’d expect their various businesses to be sold individually, or in groups but unlikely to be as a whole. Strange as their home page lists lots of business awards that they have received. Just goes to show that no matter what hype is generated you can’t buck the markets.
www.mbhcorporation.com
MBH Corporation - Home
MBH Corporation plc is a new style of corporation, designed to maximise shareholder value by facilitating access to a diverse portfolio of highly motivated, high growth, small to medium-sized enterprises (SMEs).
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Sadly when most business go into administration, its usually because the present owners have failed financially, and they rarely comout of administration except by occasionally being sold to a new owner, or the assets of the business being sold - often scattered.
Whether the individual brands you mention will survive may well depend on how the company was restructured after it was absorbed into the holding company.
I'm intrigued to know why you have only posted three times on the forum and you seem to be fixated on Robinson's Caravans.?
These are well known and largish dealerships, so you would hope someone will want them but we will have to wait and see.
This may help?
A lot of acquisitions are done by a method of leveridging (?) . Ie borrow the money short term buy the business and then asset strip. Asda, Morrisons and even Manchester United are examples. Selling the family silver pays off the debt and then the new owner uses it as a cash generator sometimes at the cost to the employees 😥
A lot of acquisitions are done by a method of leveridging (?) . Ie borrow the money short term buy the business and then asset strip. Asda, Morrisons and even Manchester United are examples. Selling the family silver pays off the debt and then the new owner uses it as a cash generator sometimes at the cost to the employees 😥
Reads as if it should go into Administration given the chaos within the Board.This may help?
A lot of acquisitions are done by a method of leveridging (?) . Ie borrow the money short term buy the business and then asset strip. Asda, Morrisons and even Manchester United are examples. Selling the family silver pays off the debt and then the new owner uses it as a cash generator sometimes at the cost to the employees 😥
Unfortunately there are some companies that well known for asset stripping. However when it comes to dealerships, the physical assets are often quite small often just the land a buildings, in most cases the new stock ( new caravans) are more often financed rather than owned outright by the dealership. Unless the land or buildings can be developed most dealerships would not attract an asset stripper.This may help?
A lot of acquisitions are done by a method of leveridging (?) . Ie borrow the money short term buy the business and then asset strip. Asda, Morrisons and even Manchester United are examples. Selling the family silver pays off the debt and then the new owner uses it as a cash generator sometimes at the cost to the employees 😥
However a successful dealership does have some intangible assets. A strong history of good service has a value to a competitor, That is one reason why dealers might attract buyout or merger offers, but it only works if the values and processes used by the business are continued or enhanced. Sometimes the benefit of creating a union of similar or related businesses can be inter company arrangements that save costs.
One of the biggest and major issues with a dealership going into administrations is customer caravans that are on the premises. Initially they become part of the assets of the company and it can be hard work trying to prove that the caravan belongs to you and to get back the caravan. Even worse is if the caravan has been partially stripped for a repair.
Hi Prof John glad you are so interested in my brief and un interesting post history but to put your mind at rest. First post was based on a desire to view the caravan brands i took an interest in. I was told by a friend they would be attending the NEC caravan show as they had previously been there and to go and look at the other vans they sell besides Coachman. As they are my local dealer and if anything else met my requirements this would suit my needs.
And the final post was made as another poster mentioned the owners as being MBH group so out of idle curiosity i had a quick look to see who they were and noticed the fact of the administration.
Hope this sets your intrigued mind at rest.
We used Mcintyre caravans in Gloucester up until the 1990s. It was a family business run by the original owner's daughter and her husband who we were quite friendly with.
Golden Castle caravans took them over, but I think it was a friendly takeover as the Mcintyre’s wished to retire.
We then continued to use Golden Castle and we became friendly with a director/salesman.
We always found them fair to deal with.
So I have taken an interest in this topic.
The MBH corporation seems to have worldwide interests in Engineering and Construction, as well it appears with leisure. Clearly not a specialist in any. Perhaps asset strippers, perhaps financiers.
I imagine the caravan dealers in question future might depend on the strength of their individual books and how well they can show they have been doing in their own right.
John
Golden Castle caravans took them over, but I think it was a friendly takeover as the Mcintyre’s wished to retire.
We then continued to use Golden Castle and we became friendly with a director/salesman.
We always found them fair to deal with.
So I have taken an interest in this topic.
The MBH corporation seems to have worldwide interests in Engineering and Construction, as well it appears with leisure. Clearly not a specialist in any. Perhaps asset strippers, perhaps financiers.
I imagine the caravan dealers in question future might depend on the strength of their individual books and how well they can show they have been doing in their own right.
John
I don't know the details of MBH, but just becasue an organisation may be large and have interests in several fields, does not automatically mean they cannot be specialists in some or all of the fields they operate in. However it does seem from the postings that have been made in the forum, there may be a power struggle going on, and that smacks of unprofessionalism.
The future of the caravan dealerships involved with MBH, will depend on the size and nature of the shareholding MBH has in them. Presuming MBH has full ownership or only a majority shareholding, the only way to disentangle them from MBH would be for MBH, or an appointed administrator to sell the dealership to liquidise the asset.
It would not fill me with any confidence. After all, there is a world of difference between the three disciplines listed. Unless they were purely financiers.
I get the feeling from reading their prospectus that it is a lot of spin. Nothing about their actual achievements. But I admit to being sceptic.
John
MBH have a number of vertical sectors within which are different businesses. Shown here:
Plus a link to the company annual report for 2023.
MBH Corporation - Home
MBH Corporation plc is a new style of corporation, designed to maximise shareholder value by facilitating access to a diverse portfolio of highly motivated, high growth, small to medium-sized enterprises (SMEs).
Exactly the sort of thing that spoils my confidence in financial organisations. I have never liked it when organisations take credit for the investments they make over the managers and skilled personnel that make things happen.MBH have a number of vertical sectors within which are different businesses. Shown here:
Plus a link to the company annual report for 2023.
MBH Corporation - Home
MBH Corporation plc is a new style of corporation, designed to maximise shareholder value by facilitating access to a diverse portfolio of highly motivated, high growth, small to medium-sized enterprises (SMEs).
View attachment 6227
Then, when they make a couple of poor investments and crash, those hard working people can suffer.
I would have far more confidence in specialist organisations.
Might just be me. And I admit that the world of finance is a mystry to me. Mind you. I have one investment in a crowd funded company about 8 years ago which they tell me has grown by over 300% But I cannot cash until they float. VW invested £500,000 in that company at the same time. So they will have a few bob to come back.
John
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