UPDATED FEB 2019: Gone bust owing £300k? It’s “Business as usual” at Beedspeed | NEWS
Story updated on 27/02/2019 – see Beedspeed debts below
The Grimsby based shop opened in 1983 and gained an enviable reputation for its quick and very reliable mail order service. Originally set up and owned by Alan Beedham, the shop flourished for over 30 years and moved to larger premises in the early 2000s. Alan and wife Sylvia sold the business as a going concern in February 2016 and retired.
We’ve spoken to General Manager, Dan Burton at the shop and he told us “It’s business as usual here”. He went on to say the shop has been “Undergoing some internal restructuring” but didn’t want to elaborate too much, or discuss the finer details of the insolvency. Our thoughts are that being absolutely clear and transparent is the best way to move forward once a situation like this develops. If the business is to carry on it needs to regain customer trust. When pressed as to whether the company owed money to suppliers when it was liquidated he assured us that no suppliers were out of pocket, all customer orders (and refunds) have been completed and although Beedspeed Ltd may be no more the shop is looking forward to the future.
Dan assured us that they have invested heavily in a new warehousing system, and eCommerce website since they took the business over in 2016. He admitted that like any parts based business there are going to be issues occasionally, with orders being sent out incorrectly but he told us they currently work on a 94% stocking system so most parts are available off the shelf. He also explained that it’s not always the shop’s fault if something is out of stock, some of their suppliers don’t keep stock of everything and it can lead to delays along the supply chain. He was keen to reassure people that they plan to “Get the business back to what it once was.” He also pointed out that their three day long Black Friday sale event saw the most traffic to the Beedspeed website and created 500 new customers.
Please don’t associate the new Beedspeed Ltd UK registered company name with ScooterLab.UK. The ‘new’ Beedspeed business was set up and registered under the name of Jade Elizabeth Smith on 19/10/2018, a couple of weeks before Beedspeed Ltd was liquidated. Now that, Dan and Victoria Burton can no longer be company directors Jade is sole director.
Email sent out last weekend to various media/supply sources
From: Kohli Auto India
Sent: 22 February 2019 20:09
To: editorial; advertising
I want to let all scooterist and trade people know about Dan from Beedspeed and what he did to us. We are manufacturer’s and supplier’s of Lambretta and Vespa parts from 1980’s. We were the only supplier of beedspeed from India from last many years and we were supplying him more than 1000 parts for lambretta and vespa,i am also good friend of Alan previous owner of beedspeed ,we had such good relations with Alan from Beedspeed that we used to supply parts before getting advance Money, after delivery of goods whenever we need money we used to get money from Alan without any problem for many years . Then Alan goes on retirement and sold beedspeed to Dan, We trusted Dan beedspeed like we trusted Alan from years, so we did offered same service to Dan, in starting Dan was shocked that how we sent parts before getting payment, we told him all about relations with beedspeed Alan. After some time we faced many problems with payment issues , he had made many fake promises and words. He stopped replying back and not even answering calls from us or even any new number from India. Still we have to take more than 20000£ from him. And we have all proofs of his fake words and promises.
I had read what Dan said to you in the interview, Everyone knows when a company goes bank corrupt , there is no chance that he can prove he is all good with the company and customers. HE IS A FAKE BUSINESS PERSON, he also cheated many customers ,all the experienced staff members in beedspeed left job because he was not even making payments to staff, There is only one experienced staff person left with Dan’s beedspeed all other left him as you can imagine why so, you can even ask Alan previous owner of beedspeed who made that team, I am sure Alan also knows all this ,Dan have to pay many other suppliers within UK and all over the worldl, I thought that we should let you know all what he did to us and may be many others customers can be saved from losses.
Also check attached list of total amount Dans beedspeed owes to other people,
I got this list from his liquidators, as you can see our name in his list.
Thanks any questions ready to answer.
Beedspeed Ltd was wound up owing £300,000
Above we’ve published an email from Angad at Kohli Auto, a reputable Beedspeed supplier for many years. Angad told us “He (Dan) is not going to pay any of the money he owes me back. I’ll get nothing from anywhere.”
Trading on the once proud and honourable values of the former owner (Alan Beedham), it appears that Dan Burton and wife Victoria (Beedspeed UK was run under Victoria’s name) owe Kohli a not insubstantial £20,000, although that is the tip of a much deeper iceberg.
Looking at the insolvency report (pictured below) it also appears that Beedspeed Ltd wound up owing £296,405.32 to a list of 16 creditors, including £166,000 to HM Revenue & Customs. Many of the debts also appear to be to money lenders/financial backers who no doubt bankrolled Beedpeed Ltd based on its past good financial history and goodwill.
VIDEO | Dan Burton featured on Channel 4 News
When pressed as to whether the company owed money to suppliers when it was liquidated Dan assured us in December that…
No suppliers were out of pocket, all customer orders (and refunds) have been completed and although Beedspeed Ltd may be no more the shop is looking forward to the future.”
- Early 1980s Alan Beedham sells scooter parts on his stall at rallies
- 1983 Alan opens Beedspeed shop in Sixhills Street Grimsby
- Gains loyal customer base through reliable and fast mail order system
- 2001 Beedpeed moves to Corporation Road Grimsby (current location)
- 2016 company is sold as a going concern Alan & Sylvia Beedham retire
- March 2016 the shop is under new ownership (Victoria Burton as director)
- October 2018 BSLUK registered with Jade Smith as sole director
- November 2018 company is wound up
- December 6th 2018 news of insolvency breaks
- Beedspeed insist they’re open as usual
- February 2019 disgruntled creditor contacts SLUK/media/suppliers
New products always in development…