Maplins future?

A place to talk about everything Radio and Scanning

Maplins future?

Postby m0lsx » Thu Dec 21, 2017 3:29 pm

Has anyone else noticed the financial news about Maplins?
https://www.theregister.co.uk/2017/12/18/maplin_credit_insurance_cut_to_zero_by_euler_hermes/

Yet another major credit insurer has abandoned geek emporium Maplin Electronics. Euler Hermes – the biggest trade indemnifier in the tech sector – has entirely removed all lines of coverage.


I noticed someone had done this last month, so a second company doing it HAS to tell us something. As now Maplins will find it hard to get credit with at least some of it's suppliers.

"We had a cut in October which we could live with. Now it is zero," said one trader, who claimed his firm would no longer supply Maplin. "If they paid upfront we would deal with them, but they won't do that."


The removal of credit insurance was the straw that broke Comet's back in 2012, and suppliers are drawing parallels.
Buy a database from Kimmy JS19 via http://ukscanningdirectory.co.uk/
Or do Google search of this forum via https://cse.google.com/cse/publicurl?cx=017721449704518888595:wswa65nq4ww
73 De Alan (M0LSX.)
http://www.qrz.com/db/M0LSX"
User avatar
m0lsx
 
Posts: 5769
Joined: Wed Nov 21, 2012 9:14 pm
Location: Norwich. TG21.

Re: Maplins future?

Postby Nighthawk999 » Thu Dec 21, 2017 4:04 pm

Personally I don't think it'll be any big loss to consumers if Maplins cease trading,highly over-priced stuff(eg;Uniden 125xlt £149.99 at Maplins,£109.96 at Radioworld) and little or no knowledge of the things they sell.
Nighthawk999
 
Posts: 234
Joined: Mon Jun 22, 2015 11:45 am
Location: West Leicester near city centre

Re: Maplins future?

Postby m0lsx » Thu Dec 21, 2017 4:30 pm

Maplins may be called Craplins, but it's a step up from Dodgy Daves which is what I believe that well known midlands dealer is known as.
Buy a database from Kimmy JS19 via http://ukscanningdirectory.co.uk/
Or do Google search of this forum via https://cse.google.com/cse/publicurl?cx=017721449704518888595:wswa65nq4ww
73 De Alan (M0LSX.)
http://www.qrz.com/db/M0LSX"
User avatar
m0lsx
 
Posts: 5769
Joined: Wed Nov 21, 2012 9:14 pm
Location: Norwich. TG21.

Re: Maplins future?

Postby G4RMT » Thu Dec 21, 2017 9:43 pm

Don't forget that all hobbyist folk are too savvy to buy from them apart from in an emergency - they cater for the average consumer, not people in the main like us.

We all only go there for emergencies because of the woeful staff knowledge and prices - but I shop at B&Q sometimes even though they own screw fix which have more stuff and sometimes identical stuff at much lower prices. Can I be bothered to do a longer run? for maybe three quid? No.
G4RMT
 
Posts: 1277
Joined: Sat Feb 07, 2015 5:45 pm

Re: Maplins future?

Postby lars » Sat Dec 23, 2017 10:04 am

Well I, at least, think this is sad news. I've been doing business with Maplin since the 70s, when they sold a small range of electronic components of interest to enthusiasts, along with enough information to get started using them. Unless you had contacts in the electronics industry, it wasn't easy to get components by mail order at that time. When I was a teenager I used to make trips with my geeky friends to the Edgware Road in London, one part of which was packed with electronics shops. Outside London there was the occasional Radio Shack, but nobody I knew could afford their prices. So a reliable and knowledgeable mail-order supplier was a big deal back then.

Now, of course, it is cheaper to buy mass-produced electronic items than to construct your own, and most of Maplins' original reason for existence has disappeared. Still, I think that Maplin is probably the only national store chain remaining where you can buy a transistor or a microswitch over the counter. When Maplin cease trading, and era will have ended; but I guess the "golden age" of hobbyist electronics and computing probably ended twenty years ago, so it's no great surprise.
lars
 
Posts: 154
Joined: Fri Jun 10, 2016 9:03 am

Re: Maplins future?

Postby m0lsx » Sat Dec 23, 2017 10:43 am

lars wrote: Outside London there was the occasional Radio Shack, but nobody I knew could afford their prices. So a reliable and knowledgeable mail-order supplier was a big deal back then.

I use to order bits advertised in Practical Wireless & often ordered boxes of second hand items from suppliers which were sold simply for their value as parts. I remember one box of bits included a Geiger Counter that had been modified for what I assumed was exercises. Which meant it could be activated by a a rotatable switch at the side. A mate & I had great fun with that on the beach one summer. The Geiger Counter some white painters overalls, a stick to draw lines in the sand & a broken Pye PF1 handheld, as used wrongly in the Sweeney. Gave us many happy minutes of fun some days.

And I too think it's sad if Maplins goes to the wall. They are stupidly priced for components & their staff probably know less about radio than they do about the Russian Revolution. But they do have some good offers & I have several bits I have purchased from them that at good prices.
Buy a database from Kimmy JS19 via http://ukscanningdirectory.co.uk/
Or do Google search of this forum via https://cse.google.com/cse/publicurl?cx=017721449704518888595:wswa65nq4ww
73 De Alan (M0LSX.)
http://www.qrz.com/db/M0LSX"
User avatar
m0lsx
 
Posts: 5769
Joined: Wed Nov 21, 2012 9:14 pm
Location: Norwich. TG21.


Return to Radio and Scanning Chat

Who is online

Users browsing this forum: No registered users and 1 guest