More victim(s) of the financial crisis???

Submitted: Thursday, Jun 25, 2009 at 09:29
ThreadID: 70133 Views:3570 Replies:9 FollowUps:12
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Just heard today, and checked with ASIC, two camper manufacturers, presumably owned by the same person, have gone belly up.

Camp-o-matic, in liquidation, have just submitted their "winding up notification'.

Trak Shak, have also submitted to have administrators appointed.

Hopefully someone will pick up the companies and turn them around. Maybe the off-shore manufacturing was not a good idea.....in hindsite.

The more competition there is - the lower the prices are for us.



Tim - Stratford.
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Reply By: warfer69 - Thursday, Jun 25, 2009 at 09:54

Thursday, Jun 25, 2009 at 09:54
Hiya Timbo

Hope you and your family are well,Ive looked up both there websites and there still in my opinion operating business as usual and the websites dont mention anything about the above issues of course,hope there not going to be taking peoples hard earned cash and deliver them nothing....

Cheers Mate
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Follow Up By: tim_c - Thursday, Jun 25, 2009 at 11:19

Thursday, Jun 25, 2009 at 11:19
Just like Kleenmaid did before they went bust - many people had paid deposits or paid in full for new appliances and never took delivery...
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Follow Up By: Moose - Thursday, Jun 25, 2009 at 13:13

Thursday, Jun 25, 2009 at 13:13
I'd doubt that updating the website would be a priority if they've gone bust!
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Follow Up By: MEMBER - Darian (SA) - Thursday, Jun 25, 2009 at 18:31

Thursday, Jun 25, 2009 at 18:31
Some websites stay up for a long time after the gates have been padlocked. Means little.
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Reply By: olcoolone - Thursday, Jun 25, 2009 at 10:21

Thursday, Jun 25, 2009 at 10:21
Would not doubt it, as a TrakShaK owner the way they dealt with customers over the last 4 years was terrible to say the least.

It seemed nobody there knew what they were doing except the mechanic out the back, wouldn't answer the phone and when they were in Adelaide they would never open.

To many businesses are using the financial crisis as an excuse to cover up poorly run non customer focused businesses.

Sure it has an impact but not as big as some want you to believe.

It's a shame as TrakShak was one of the first camper manufactures in Australia.

Have a look at some of the other camper manufactures in Australia that there is a 6 to 9 month wait for there products.

"The more competition there is - the lower the prices are for us. "

Both theses campers were in the premium price range where there is stiff competition (above $30,000 price range), I can not see it increasing the prices of others.
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Follow Up By: tim_c - Thursday, Jun 25, 2009 at 11:22

Thursday, Jun 25, 2009 at 11:22
"Too many businesses are using the financial crisis as an excuse to cover up poorly run non customer focused businesses."

It's probably a combination of the two - in good times companies can get away with poor customer service, but when times get tougher they suffer because the consumers can be a bit more selective.
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Follow Up By: olcoolone - Thursday, Jun 25, 2009 at 11:47

Thursday, Jun 25, 2009 at 11:47
Tim it's like building a house, no good building a really nice house if the foundations are not there to support it....it will eventually start showing stress fractures and fail.....businesses are no different.

Build a house with strong foundations designed for the application and it will weather the storm.

First thing is to gain the customers trust in the business, staff and the product.
Second thing is support to the customer and product.
Third thing is location.
Forth thing is value for money.
Fifth thing is price.

A business usually folds from the inside.

Customers don't make businesses fail, owners do!

You have to make a customer need and want your service or product.
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Follow Up By: tim_c - Thursday, Jun 25, 2009 at 12:15

Thursday, Jun 25, 2009 at 12:15
Not trying to disagree but a successful business doesn't just depend on itself - it needs the customers (so of course you must look after them). If there is no demand/market for a particular product, a business trying to sell that product is unsustainable regardless of the quality/care/etc. of the business itself.

Conversely, when demand exceeds supply, even a Dodgy Joe down the road can sell their product because the consumer either waits X months in the queue at the other business, or gets what he wants straight away from a Dodgy Joe. When demand falls off, the consumer is more selective (ie. the queues shorten) and it's the Dodgy Joes that feel it first. I'm not disputing that there is already an internal problem with the Dodgy Joe businesses, I'm just suggesting that he can often get away with it in busy times. For example: Canberra saw a lot of new real estate agencies popping up a few years ago when there was a lot of buying and selling going on - it seemed any monkey could sell a house in that market! When things started to slow down, a few of them started to disappear as quickly as they'd appeared.
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Follow Up By: Member No 1- Thursday, Jun 25, 2009 at 13:54

Thursday, Jun 25, 2009 at 13:54
"Customers don't make businesses fail, owners do!"
not entirely correct
Governments have been known to do it

even if run correctly (assuming it was before the financial crisis) a business can fail due to lack of sales brought about by the lack of potential buyers which was brought about by the financial crisis etc etc...there is only so much money to go around in good times and less in harder times..meaning someone has to miss out

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Follow Up By: Member - Matt (Perth-WA) - Thursday, Jun 25, 2009 at 14:47

Thursday, Jun 25, 2009 at 14:47
I keep hearing that there is no money to go around....yet punters spent $89 000 000 on the chance to win $50 000 000 in lotto last week?

Guess we must be better off than we know?

Matt.
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Follow Up By: tim_c - Thursday, Jun 25, 2009 at 17:08

Thursday, Jun 25, 2009 at 17:08
Good point, Matt. Ironically, in tough times this is one of the non-essentials where overall expenditure actually increases.

No, I'm not a contributor... and so far at least $50 ahead of my colleagues!

It's been said: "Lottery is just a tax on people who are bad at math"
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Reply By: OzTroopy - Thursday, Jun 25, 2009 at 10:42

Thursday, Jun 25, 2009 at 10:42
> " The more competition there is - the lower the prices are for us. " <

That works well until too many people jump on the bandwagon of supplying something .......

Then they struggle to make a living and are suscepible to swings in economy status.

Then employees lose jobs, past customers cant get product support and the list goes on ...........

You see it particularly in the takeaway food / coffee shop sector ... there are more of those in the little town down the road than stray dogs ... and they wonder why they are struggling ....
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Reply By: tim_c - Thursday, Jun 25, 2009 at 11:43

Thursday, Jun 25, 2009 at 11:43
"Camp-o-matic, in liquidation, have just submitted their 'winding up notification'."

Brings new meaning to the term: "wind up camper"
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Follow Up By: Member - Royce- Thursday, Jun 25, 2009 at 15:58

Thursday, Jun 25, 2009 at 15:58
Ah.. beat me to it!
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Reply By: paulnsw - Thursday, Jun 25, 2009 at 16:09

Thursday, Jun 25, 2009 at 16:09
Posting the official information or link to should be done with this sort of information

Extracted from ASIC's database at AEST 15:59:59 on 25/06/2009
Name CAMP-O-MATIC PTY LTD
ACN 113 530 939

Type Australian Proprietary Company, Limited By Shares
Registration Date 24/03/2005
Next Review Date 24/03/2010
Status ** UNDER EXTERNAL ADMINISTRATION and/or CONTROLLER APPOINTED **
Locality of Registered Office Parkside SA 5063
Jurisdiction Australian Securities & Investments Commission


Extracted from ASIC's database at AEST 15:59:10 on 25/06/2009
Name TRAK SHAK PTY LTD
ACN 101 758 918

Type Australian Proprietary Company, Limited By Shares
Registration Date 20/08/2002
Next Review Date 20/08/2009
Status ** UNDER EXTERNAL ADMINISTRATION and/or CONTROLLER APPOINTED **
Locality of Registered Office Parkside SA 5063
Jurisdiction Australian Securities & Investments Commission

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Reply By: Best Off Road - Thursday, Jun 25, 2009 at 18:01

Thursday, Jun 25, 2009 at 18:01
Conversely, many businesses (particularly those offering value based products) are seeing a significant increase in these troubled times.

I deal with a number of manufacturers in The Camper Trailer business who are absolutely flat out.

People are still spending and buying, perhaps they are just being a little bit more careful.

Jim.

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Reply By: Member - Charlie M (SA) - Thursday, Jun 25, 2009 at 21:54

Thursday, Jun 25, 2009 at 21:54
Both had winding up and administration notices in Wednesday public notices in the Adelaide newspaper.
Cheers
Chass
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Reply By: trakky - Friday, Jun 26, 2009 at 09:13

Friday, Jun 26, 2009 at 09:13
I bought a Trakshak in 1995. It is still going strong. The imported product with less quality was not worth the money asked. The new owners didn't want to know the old customers or assist with after market service. Trakshak didn't fail the new owners did.

Looking forward to the next trakky trip.
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Follow Up By: olcoolone - Friday, Jun 26, 2009 at 10:31

Friday, Jun 26, 2009 at 10:31
We had the same feeling when dealing with them, the original owner who designed the TrakShak was very helpful and friendly.

Over the last 4 to 5 years things went down hill with customer service and support.

You TrakShak is like our designed and built by the original owner.
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Reply By: putrol - Friday, Jun 26, 2009 at 16:48

Friday, Jun 26, 2009 at 16:48
getting the trailers made in china for 1/2 the price & selling them for the same price befor they went to china they should have been making a fortune the owners must have skimed to much money off the top & the poor quality of corse didnt help let that be a lesson to all others not to follow clampamatic's
leed
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Follow Up By: Maîneÿ . . .- Friday, Jun 26, 2009 at 17:34

Friday, Jun 26, 2009 at 17:34
Not suggesting anything different, but they may have been spending a motza fixing up the "poor quality" problems your saying they suffered from, same end result though, lack of profit.
(I don't believe profit's a dirty word - when gained by customer satisfaction)

Maîneÿ . . .
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