Three Cross Motorcycles Goes Into Liquidation

Discussion in 'Lounge' started by Char, Apr 29, 2020.

  1. Been going here for years - no longer Ducati but just gone into liquidation



    27/04/2020

    Three Cross Motorcycles is being placed into administration

    Founded in 1978, the Ringwood-based dealership has held the Triumph motorcycles franchise in Dorset since 1991 and began importing Peugeot scooters into the UK in 1995, today supplying a network of around 200 dealers.

    KRE Corporate Recovery of Reading have been appointed as administrators and are actively seeking a buyer for the business.

    The Davies family, who have run Three Cross for the past 40 years, have released the following statement;

    “We are writing this with deep sadness and regret at the situation Three Cross Motorcycles Ltd finds itself in.

    Three Cross has a long and proud history in the motorcycle business, filled with great stories and so many achievements, together with some lows and exceptional challenges. For over 40 years we have withstood the hard knocks that came our way, but the final blow from Covid-19 has brought us down.

    After two hard years, we had restructured and had a positive budget to return us to profitability in 2020. At the end of February we were on target and had a good order bank of retail and wholesale bikes for March/April delivery. However, our expectations of a Spring time recovery have been swept away by the Covid-19 virus and subsequent Government lockdown, which caused a catastrophic cash-flow crisis, from which there was no way back.

    We thank our staff and customers from our hearts for their loyalty over the years - without these people, none of the Three Cross Story would have been possible.

    Richard, Lisa, Keith and Gloria Davies”.
     
  2. TBH I thought they’d closed years ago.

    Still bad news though.

    I see that Dynomyte are still in Bournemouth...well, they were in March.
     
  3. Sad news for the owners and everyone who works there.
     
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  4. i think we used to sell their scooters at our dealership about 20odd years ago.
    bummer.
     
  5. My MV Agusta came from there. :thinkingface:

    Always sad if there is one less shop out there. But reading between the lines, it looks like the writing was on the wall anyway.
     
  6. That's a p1sser.:weary_face:
     
  7. Sad news, I guess they dabbled with many makes over the years, I still have a 3X supplied Cagiva Supercity.
     
  8. I got my 998fe from them.
     
  9. Looks like mine as well,it's a tough market now for anyone to survive.
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  10. That is crap news, I've bought 2 second hand bikes from them over the years... Darryl always had time for annoying questions and showing me what he was doing when servicing or fixing my 999 a few years ago and is a top guy and knows his Ducs... @RickyX Dynomite are still about, they are a lot smaller so should be ok I would have thought... Crescent have probably taken a fair few quid away from 3X since they refurbed the Verwood site too which wouldn't have helped.. tough times
     
  11. Shit this. Great name over many decades.
     
  12. Wonder how many more are walking the tightrope?
     
  13. Toys will be the first things to suffer, most bike shops are walking the tightrope I suspect
     
  14. First of many :(
     
  15. If like cars, sure they are, most survive on servicing cash. No surviving. No cash flow. No business
     
  16. It's a good time to remember that as the official ducati dealerships may close, some of the one man small independents maybe still open to help with your bike needs
     
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  17. 20yrs ago me and my mates used to start our Sunday blasts out from there, (used to have a great burger van in the car park), a day that would always end pulling wheelies up and down Holton Heath Ind EST (ahhh great times), a much bigger dealer back then selling a wide range of Italian bikes, sad none the less.
     
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  18. It’s a shame.
     
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