FFX gone into administration.

[Brad93]

Folkestone Fixings Limited - in administration

Folkestone Fixings Limited - in administration

www.pwc.co.uk

Was told by a pal on Instagram.

Apparently they made a £3m loss last year on £100m turnover

 

[Hitch]

Shame that. Always had very keen prices and incredibly prompt delivery.
Had a fair few bits off of them over the years.
Since they changed their website it seemed a pain to navigate though. I wonder if that impacted them.

 

[More Amps]

A tough market for them competing against the likes of Screwfix who have the advantage of having shops in nearly every town and when you need something today rather than tomorrow... I can't imagine there'll be a long queue of prospective buyers.

 

[hotponyshoes]

They still owe me over 100 quids worth of cutting discs..
Good old Mastercard...

 

[JOEPRO]

Yes that's a shame I have bought alot of stuff off them in the past through EBay etc. Very good prices

How on earth did they rack up so high loses? Sounds like criminal management

 

[ukracer]

A tough market for them competing against the likes of Screwfix who have the advantage of having shops in nearly every town and when you need something today rather than tomorrow... I can't imagine there'll be a long queue of prospective buyers.

Problem with screwfix is much of their useful stuff is on next day collection and not same day.

 

[barracuda816]

It is a shame. I bought a fair bit of Milwaukee stuff off them as I found them to be one of the cheapest. (Any other recommendations?)

 

[julianf]

FFX was too much trouble to buy from -

Every single month they had some other deal or voucher code on. Their base price was generally un competitive, and the only way you could compare them was by finding the relevant voucher code and then working it out.

Most of the time it wasnt worth it - you would just buy from their competitor who had stable pricing.

Voucher codes are all well and good, but it was like DFS and their sales...

 

[julianf]

It is a shame. I bought a fair bit of Milwaukee stuff off them as I found them to be one of the cheapest. (Any other recommendations?)

Power tool mate for milwaukee.

Occasionally not the cheapest, but generally is, and the chap lurks on his own FB page, and addresses any issues almost instantly.

He also seems to help people out who have had their kit stolen, which is admirable.

 

[zzr1200]

That's a shame, always had what I wanted at a decent price......

 

[dan treg]

unless I'm missing something the website is still up and taking orders

 

[Munkul]

That's a shame, they had some very keen pricing, often unbeatable on milwaukee and makita tools.

It's kind of inevitable when you try to price lower than everyone else though... race to the bottom... guess they found the bottom.

 

[JOEPRO]

unless I'm missing something the website is still up and taking orders

See that now too. Googling it doesn't show up results of them going into administration either(?) @Brad93 got a linky

 

[Craig-SM]

I’ve not used them for a while after placing orders only to find after chasing they awaiting stock. This happened a few times before I started looking elsewhere before FFX.

 

[roofman]

Wow! a hundred million turnover and three million loss, that takes some doing Accountants need bringing to the room .

 

[badabec]

Folkstone Fixings (FFX) placed into Administration

A heads up to all as many of us have bought from FFX : " On 20 September 2024 Jane Steer, Tim Higgins and Toby Banfield of PwC were appointed as Joint Administrators (“Administrators”) of Folkestone Fixings Limited (“the Company”). The Company is a tools and hardware retailer based in the...

www.ukworkshop.co.uk

 

[Pond frog]

I’ve tried to buy a few things from them last week but the site kept crashing so I gave up, looks like I might have had a lucky break

 

[Brad93]

In my post i linked to administrators price waterhouse cooper

 

[dan treg]

Folkstone Fixings (FFX) placed into Administration

A heads up to all as many of us have bought from FFX : " On 20 September 2024 Jane Steer, Tim Higgins and Toby Banfield of PwC were appointed as Joint Administrators (“Administrators”) of Folkestone Fixings Limited (“the Company”). The Company is a tools and hardware retailer based in the...

www.ukworkshop.co.uk

odd website twitter facebook etc all look still live

 

[hotponyshoes]

In administration doesn't mean they have to stop trading.
In fact, if they still have stock to sell (plus contracts/supply chain orders still incoming) the administrator(s) have a duty of care which normally involves carrying on trading