Homebase sold for a quid

37
Found 25th May
Aussies really stuffed up the purchase and are offloading it after losing 200mill
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37 Comments
Vote cold... not worth a pound
andy18618614 m ago

Vote cold... not worth a pound


£1 plus -£20 million per month
No one will close it down but it needs to die. Over priced as Homebase, over advertised on youtube as Bunnings.

What a waste! They could have put that money in to the inevitable redundancey payments!
Thanks to HUKD, I got a Karcher K4 Full Control for £75 back in December. That's all I bought from Homebase in years. Poor value for commodity stock
For bricks and mortar retail shops, landlords need to pay occupants to use their premises in order for retailers to be price competitive against Amazon and the like online.
Edited by: "splender" 25th May
splender2 h, 10 m ago

For bricks and mortar retail shops, landlords need to pay occupants to use …For bricks and mortar retail shops, landlords need to pay occupants to use their premises in order for retailers to be price competitive against Amazon and the like online.


Would you rent your house out for free So that the new occupiers could afford a holiday?
Bandicoot1 m ago

Would you rent your house out for free So that the new occupiers could …Would you rent your house out for free So that the new occupiers could afford a holiday?



No, what a silly comparison, but I am not in the business of making this country's economics great, businessmen do. Businessmen do economic activities and they are the leaders, not me.
splender53 m ago

No, what a silly comparison, but I am not in the business of making this …No, what a silly comparison, but I am not in the business of making this country's economics great, businessmen do. Businessmen do economic activities and they are the leaders, not me.


Landlords need to pay occupants your comment not mine. If my comment was silly then you win Friday
Bandicoot20 m ago

Landlords need to pay occupants your comment not mine. If my comment was …Landlords need to pay occupants your comment not mine. If my comment was silly then you win Friday



I mentioned landlords, you mentioned my house, my house is not for rent as a retail shop, I am not a landlord. Do you see your comment is silly now.

If not , a reminder of your silly comment, "Would you rent your house out for free So that the new occupiers could afford a holiday?"
The Australian firm thought they could show the Brits how to do DIY.
splender21 m ago

I mentioned landlords, you mentioned my house, my house is not for rent as …I mentioned landlords, you mentioned my house, my house is not for rent as a retail shop, I am not a landlord. Do you see your comment is silly now.If not , a reminder of your silly comment, "Would you rent your house out for free So that the new occupiers could afford a holiday?"


Friday
Bandicoot16 m ago

Friday



I don't need to win anything, you can be a winner of your own prize.
splender4 h, 6 m ago

For bricks and mortar retail shops, landlords need to pay occupants to use …For bricks and mortar retail shops, landlords need to pay occupants to use their premises


Do you understand the basics of business in any way?
splender6 m ago

I don't need to win anything, you can be a winner of your own prize.


Free retail property let the landlords explain that to their accountants Friday
splender4 h, 13 m ago

For bricks and mortar retail shops, landlords need to pay occupants to use …For bricks and mortar retail shops, landlords need to pay occupants to use their premises in order for retailers to be price competitive against Amazon and the like online.


I cat imagine Landlords coming over all socialist and letting people use their assets for free. There are currently plenty of incentives for retail property, its not that hard to secure a decent rent free period and other incentives, such as business rates relief.

What has helped locally to boost retail trade is the local council for once have made a good decision and have reduced their parking fees to 50p per visit from 90p per hour. City centre is noticeably busier. Couple of mates who own a bar and a barbers have both said trade is up since the changes.
Uranus25th May

Do you understand the basics of business in any way?



Yes, thanks, I know how business works, freehold means you pay no rent nor ground rent.

(Same old economic chestnut as : why pay someone else's rent when you can own it? I hope that you understand this common business acumen.)

It means I can ride the economic cycles for decades with much better stability and invest the money which I would otherwise pay in rent into my business.
Edited by: "splender" 25th May
Hope the new owners can turn things around, the Homebase pre bunnings takeover used to have some decent deals on occasionally, since bunnings barely any.

The homebase that was wasn’t too bad compared to the real overpriced DIY giant B&Q who’s owners kingfisher have only managed to hang on in there thanks to the success of Screwfix and a completely different management team.

If Homebase do go that would give B&Q another lifeline and will only lead to even higher prices with less competition.

The more retailers the better for all - less retailers and you’ll pay more so anybody thinking homebase deserve to go need to have a word with themselves.
Edited by: "PennyTrader" 25th May
DKLS2 h, 37 m ago

I cat imagine Landlords coming over all socialist and letting people use …I cat imagine Landlords coming over all socialist and letting people use their assets for free. There are currently plenty of incentives for retail property, its not that hard to secure a decent rent free period and other incentives, such as business rates relief.What has helped locally to boost retail trade is the local council for once have made a good decision and have reduced their parking fees to 50p per visit from 90p per hour. City centre is noticeably busier. Couple of mates who own a bar and a barbers have both said trade is up since the changes.



Nothing to do with socialism and politics. There is an ultimate capitalist method: buy-to-own-and-self-use-only <== applicable to both commercial and home owner occupier properties; aka freehold (no leasehold).
Edited by: "splender" 25th May
Bandicoot2 h, 43 m ago

Free retail property let the landlords explain that to their accountants …Free retail property let the landlords explain that to their accountants Friday



Why would you get accountants involved if you are the owner of your own property?
@splender next you'll be demanding that employees pay their employers.
Uranus25th May

@splender next you'll be demanding that employees pay their employers.



Could you stick to my point , am I correct about my point on freehold and rent free, without you going off tangentially to an irrelevant point about employer/employes?!
splender6 m ago

Could you stick to my point , am I correct about my point on freehold and …Could you stick to my point , am I correct about my point on freehold and rent free, without you going off tangentially to an irrelevant point about employer/employes?!


Well maybe if you didn't write nonsensical suggestions about Landlords needing to pay occupants, that might be a good start?
Uranus25th May

Well maybe if you didn't write nonsensical suggestions about Landlords …Well maybe if you didn't write nonsensical suggestions about Landlords needing to pay occupants, that might be a good start?



It is not nonsensical, how else do you think bricks-and-mortar businesses compete with on-line for the same products? Something has to be done to normalise the cost base, right?!
splender11 m ago

It is not nonsensical, how else do you think bricks-and-mortar businesses …It is not nonsensical, how else do you think bricks-and-mortar businesses compete with on-line for the same products? Something has to be done to normalise the cost base, right?!



Next time you go shopping, remember to ask them to give you money as well as the goods.
They did a right bonza job of it........
DKLS4 h, 8 m ago

I cat imagine Landlords coming over all socialist and letting people use …I cat imagine Landlords coming over all socialist and letting people use their assets for free. There are currently plenty of incentives for retail property, its not that hard to secure a decent rent free period and other incentives, such as business rates relief.What has helped locally to boost retail trade is the local council for once have made a good decision and have reduced their parking fees to 50p per visit from 90p per hour. City centre is noticeably busier. Couple of mates who own a bar and a barbers have both said trade is up since the changes.



Ours is about & £1.15 per hour and a minimum of two hours so £2.30. I only go to town 2-3 times a year, less if I can get away with it.
splender1 h, 30 m ago

Why would you get accountants involved if you are the owner of your own …Why would you get accountants involved if you are the owner of your own property?


Owning retail involves making money Friday, u do understand retail Friday don’t u
splender1 h, 51 m ago

Why would you get accountants involved if you are the owner of your own …Why would you get accountants involved if you are the owner of your own property?


You ever dealt with an accountant?, they do a lot more than count beans. They also offer various advisory services, and one of those would be to ask you what the hell you were doing.
Bandicoot1 h, 54 m ago

Owning retail involves making money Friday, u do understand retail Friday …Owning retail involves making money Friday, u do understand retail Friday don’t u

Shall I ask you again, "Why would you get accountants involved if you are the owner of your own property?"

Name me three specific activities that they do/enter on your business annual accounts?
Friday you are as mad as a bag of frogs
Bandicoot29 m ago

Friday you are as mad as a bag of frogs


Well done Friday, are you too scare to answer my question with quote?
splender2 h, 15 m ago

Well done Friday, are you too scare to answer my question with quote?


Is education residence conveying so so. Suppose shyness say ten behaved morning had. Any unsatiable assistance compliment occasional too reasonably advantages. Unpleasing has ask acceptance partiality alteration understood two.
We have a nut job on the loose!
People dont diy anymore. They do a bit of painting,buy power tools to put in the garage and buy some over priced under watered plants in the summer.

Homebase is finished.....
splender25th May

For bricks and mortar retail shops, landlords need to pay occupants to use …For bricks and mortar retail shops, landlords need to pay occupants to use their premises in order for retailers to be price competitive against Amazon and the like online.


well that's just nonsense, you pay a premium on the high street for the convenience of being able to go in an pick up whatevr it is you want off the shelf.

if shops think they have to compete with amazon they are doing things wrong and have the wrong business model and are doomed to fail.
One thing that's killed the high Street shopping experience is expensive parkin charges. That's why retail outlets, with free parking are thriving.
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