Company going bust, going to supply via another company. ODD

[ACEparts_com]

I seem to be having a month of SUPPLIERS going bust and setting up again on us. None have cost us any money but i don't agree with it morally.

Latest company supplies us with well known brand car parts but is going in to some sort of receivership but will still process the order but wants us to pay via his 'new' company in order that he has the money to buy tooling from the first company when it goes down.

Any thoughts?

[Plotloss]

Phoenixing.

Been going on for years.

[anonymous-user]

Plotloss said:

Phoenixing.

Been going on for years.

Yep, even well known names like Janspeed have done this, they don't honour warranty on old exhausts(dispite having a lifetime warranty) then pop up again under the same name! Not on & really should be stopped.

[ACEparts_com]

We want the products BUT we don't want to deal with a morally bankrupt company. Tough call. Time to negotiate better terms I think.

[anonymous-user]

Can no one else supply?

[ACEparts_com]

Dave_ST220 said:

Can no one else supply?

Ironically, people want the well known branding!

[therealpigdog]

before judging on phoenix companies, perhaps worth finding out why they went under in the first place? it isn't always the fault of the management (although sometimes/often it can be) - perhaps it was caused by some of their other customers going under and leaving them with bad debts. By usineg the pre-pack process they are ensuring that the underlying business survives (which is in your interests).