weetoon1 wrote:Remind me what distillery do you Guys run?
They never said they were closing down for 2 years or more!
The only mention of 2 years was in the Courier... Who have no quotes
as Springbank did not talk to them. In fact they were asked not to print anything until the staff were informed.
As far as I know the duty thing was never mentioned apart from in the Courier. The courier also recently printed a doctored picture of a cat...claiming there was a puma loose in Argyll... So much for facts.
I read in the Kintyre forum they expect to distill January 2009
thats 6 months not 2 years.
I for the sake of my hometown that they manage as they have in the past to ride this storm (in a teacup ) and remain open as Scotlands oldest privately owned Distillery.
Newbie wrote:More info regarding the 'rumour'!
weetoon1 wrote:I do not work at Springbank!
I am friendly with a manager
The courier asked for a quote, and the co sec asked them not to print until staff informed. So they printed anyway,even if they had to make it fit roumors they heard round town!
Nick Brown wrote:If people don't like discussions then a forum may not be the best place for them.
Nick Brown wrote:I still contend that companies exist to make things - and that's how they make their profit. If they decide to stop making things it is (according to conventional wisdom) a sign that one of three things is happening:
they are no longer profitable
they have serious cash flow problems
they are looking to leave the business
MrTattieHeid wrote:...or they have decided that this is not a good moment to be making things, there are plenty of things in the warehouse, for the time being their energies are better directed elsewhere.
FeisIslay wrote:Has anyone bothered to phone them??
Nick Brown wrote:The Springbank decision looks like selling off assets rather than consolidating them. I can't see a cessation in all production as being a prudent strategy unless you are looking to leave the industry altogether - or unless you have a very dire cashflow crisis.
Nick Brown wrote:Right now, the problem is that there is a mismatch between what Springbank is doing and their explanation for it. Whenever that happens, people will start to surmise the truth. And it's not just me that will be doing that, either.
Nick Brown wrote:A distillery's main assest is its stock of maturing whisky. If it is going to sell stock and not replace it with new stock, then it is selling off assets.
MrTattieHeid wrote:Nick Brown wrote:A distillery's main assest is its stock of maturing whisky. If it is going to sell stock and not replace it with new stock, then it is selling off assets.
What a strange way of looking at it...would it be more fiscally prudent of them to stop welling whisky immediately?