United Carpets Share Discussion Threads

[lbo] 18/12/2015 08:04

Good results and interesting they released today instead of Monday.

[rolo7] 15/12/2015 21:29

cpr results out today looks good for them positive l/l sales, are results out here soon looking at last year date? Interim dividend?

[lbo] 06/11/2015 09:02

Suspect it was a typo as they follow it up with the correct "Market capitalisation for LON:UCG is £9,361,000 GBP"

[rolo7] 05/11/2015 20:57

Theres not 848million shares in issue!

[lbo] 19/10/2015 13:58

Tenant is "holding over" according to sales brochure so tenant and any new landlord will have rights when it comes to a new lease or vacant possession. I suspect a sale and new lease will occur that will be to the satisfaction of all concerned.

general market sales still doing well

[loganair] 19/10/2015 12:30

In my good opinion they would not be kicked out, otherwise the new landlord will have to put back up for lease/rent so while all this is going on the new landlord will not be getting in any income from their investment.

[my retirement fund] 19/10/2015 12:18

Depends on how desperate the creditors are, I've seen little evidence of highly distressed property sales in the UK for three or four years now!

Regards UCG stepping in for the franchisee and taking it on the books, that's more money for them than the entire last dividend they paid out.

I would expect this store will not need to find another location if it is to continue to have a presence in Hull but who knows whats going on behind closed curtains.

That said any new buyer will certainly have the option to charge whatever rent they want or kick them out with no notice

[loganair] 19/10/2015 12:02

As it's being purchased from the administrators I would think will be able to get this, the asking price substantially reduced.

[reallyrich] 19/10/2015 10:22

fair old chunk of change.

[loganair] 19/10/2015 07:25

rr - £350,000

[reallyrich] 19/10/2015 00:51

like everything in life it very much depends on the price

[loganair] 18/10/2015 18:17

I can not see why the people running the United Carpets franchise from that property will not be able to easily purchase it as they are saying they would very much like to do so.

[my retirement fund] 03/10/2015 19:29

Surely they must imagine they are closing down or they would not be allowed to run "A closing down sale" ??? I just copied and pasted my google news update. Is it legal to run a closing down sale if your not really closing down?

[loganair] 03/10/2015 18:55

mrf - I 'Interpret' the way you wrote your post as 'Literally' the store is closing down, when in fact really just a sale to keep stock levels low.

[my retirement fund] 03/10/2015 17:17

Sorry which bit is untrue exactly ?

[loganair] 03/10/2015 17:10

mrf - Not exactly true as it is the landlord who has gone into liquidation and the store hope to buy the site which is now up for sale.....

A CARPET store is fighting for survival after its landlord went into liquidation.

The closure of IPM Land Securities has left United Carpets and Beds facing an uncertain future at its shop in Boothferry Road, west Hull.

Its current site is now up for sale and although bosses at the retailer are hoping to buy it themselves, they cannot be sure of success.

The store is now running a closing down sale to keep stock levels low in case it has to move out.

[my retirement fund] 03/10/2015 14:20

Hull store closing down sale uncertain future: