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Sound Control + Turnkey go into administration...

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Re: Sound Control + Turnkey go into administration...

PostPosted: Wed Apr 30, 2008 8:51 pm
by Seaforth
Monobass wrote:
Seaforth wrote:... I get the impression their system just can't handle the amount of products they carry.

Oh, that's a shame. Perhaps I've just been lucky so far then. Sounds like they're already suffering from a touch of "aagghh - it's all going too fast" - itis then. Let's hope they manage to keep their feet on the ground through all this disruption.

Re: Sound Control + Turnkey go into administration...

PostPosted: Wed Apr 30, 2008 8:53 pm
by Tomadvent
My keyboard playing accountant tells me that it wouldn't "necessarily" because with the same basic directors, and uncertainty what security has been offered to fund the huge Bank of Scotland loan - even apparently solvent sub=companies could be taken down.

So in a recent group of local building companies it was companies a and b which went into administration - and subsequently clear that the premises owned by company c had been used as bank security by the shared directors so company c went as well.

As it is according to the Company information it is the Holdings company (ie the group company) which has gone into liquidation.

In terms of purchases unless you are in the shop and get the product then I would be cautious about placing an order on line.

Re: Sound Control + Turnkey go into administration...

PostPosted: Wed Apr 30, 2008 9:11 pm
by philetaylor
As I have a companies house direct account I just had a look and their latest filed accounts are only up to April 2006 and show a 2M loss for that year and 1.1M the year before.

As of then, the group comprised of:

Sound Control Modern Music Stores Limited
Media Tools Holding Limited
Greenwood Leisure Limited (formerlly Academy of Sound and Carlsbro Sound Centres (Derby/Leicester) Ltd.

As their accounts are overdue there isn't much newer information, one interesting thing is that 3 directors resigned on 09/02/08, Raymond Miller and Alan Gavin who both held 45000 shares. Also Grahame Burgess who was their chartered management accountant and holder of 22143 shares resigned.

Cheers

Phil

Re: Sound Control + Turnkey go into administration...

PostPosted: Wed Apr 30, 2008 9:17 pm
by Guest
A bit sad but I had mixed experiences with them. One time they advertised a piece of software, took money from me and then failed to inform me it was discontinued.

Another time (I reported on this board) they told me the Rode NTK was in stock, my brother went to collect it, when he arrived they told him it was discontinued (incorrectly as it turns out).

Another recent experience - phoned up about the Line 6 Gearbox Silver, they said it was in stock, I asked them to double check (knowing what they're like) and lo and behold it wasn't. Phoned up Digital Village and it was in my hands the next day.

On the other hand some staff have gone out of their way to be really helpful and given some great advice.

The last time I went in there was to get a Rode NT2000 - I noticed the back area where all the synths and monitors were was all ripped out and I thought it was to refurbish the place.

I'd say overall due to their bad service they've probably lost about £500 of my business over the years - not a massively efficient operation in my experience.

Re: Sound Control + Turnkey go into administration...

PostPosted: Wed Apr 30, 2008 9:30 pm
by desmond
It's a shame - every time I went into Sound Control in London the people I dealt with were helpful, intelligent, fairly clued up, and nice chaps.

As for Turnkey, they never lived up to the service they gave when they were Soho Soundhouse in Soho Square (they were excellent back then) and I always found going into Turnkey a rather depressing experience...

But it's bad news for the industry as a whole.

Re: Sound Control + Turnkey go into administration...

PostPosted: Wed Apr 30, 2008 9:35 pm
by Brian Moynihan
Its a shame I know a few guys who work there. I'm not surprised though, you can only go so long selling nothing but Behringer and Roland before people stop shopping there.

Re: Sound Control + Turnkey go into administration...

PostPosted: Wed Apr 30, 2008 9:40 pm
by hogberto
the last time i tried ordering something online it turned out of course that the item wasn't in stock. this was a few months ago.

the guy on the phone apologetically explained that the website couldn't display what was in stock but that they were working on a new one which would.

in the meantime i guess the world simply went off to use websites elsewhere...

Re: Sound Control + Turnkey go into administration...

PostPosted: Wed Apr 30, 2008 9:41 pm
by Tímo
Must have a knock-on effect on SOS somewhat, due to the hole created regard advertising revenue? Turnkey were always big (literally) on many-multiple-page-pullouts and stuff. =/

Re: Sound Control + Turnkey go into administration...

PostPosted: Wed Apr 30, 2008 10:34 pm
by SecretSam
Steve

"There's no way a company like Deloitte wants to be accused of defrauding customers in these situations. They've spent 200 years building up a reputation for honesty and trustworthiness, and they only need to trash it once."

I have two words for you:

"Arthur"

and

"Andersen"

:-)

Re: Sound Control + Turnkey go into administration...

PostPosted: Wed Apr 30, 2008 10:37 pm
by nathanscribe
oggyb wrote:Are we certain the Leeds branches are closing? That will be a shame, if so.

I'm over there tomorrow so I can find out. I think the only other place round here is Dolphin's Huddersfield shop, but it's a bit far out. Other than that it's what, Sheffield? I hope they can sort this out, retain a core of usefully spread retail outlets and improve their ordering system.

Seems odd they'd remove the online ordering though, I'd have though that would a cheap way of selling.

Re: Sound Control + Turnkey go into administration...

PostPosted: Wed Apr 30, 2008 10:45 pm
by Wonks
Where would they get their stock from? As previously mentioned in this thread, they have no way of displaying on-line stock levels and their system has previously seemed geared up to just taking all orders and either supplyng from stock or getting a supplier to deliver it at some later date.

With no means of getting stock from suppliers (unless they paid cash up front - and if they had the cash they wouldn't be broke), they would be trading illegally if they sold something they didn't have or couldn't get. So the only choice they have is to keep selling what they physicaly have in stock in the shops and their warehouses. They had to shut the website down.

Re: Sound Control + Turnkey go into administration...

PostPosted: Wed Apr 30, 2008 11:04 pm
by mcguirk
Funny... I emailed their sales people today to get a contact for their education sales people. They replied promptly, with the contact details.

Re: Sound Control + Turnkey go into administration...

PostPosted: Wed Apr 30, 2008 11:08 pm
by Armadillo
Turnkey AND Sound control. That leaves just about no electonic music instrument stores in London. Rose morris are not clued up on DAW stuff at all and the Digital village shop in Acton is so tiny; they never have the goods I want.
Yes, Turnkey staff is also not clued up and are very disorganized but at least they have a shed load of hardware and software synths. I mean, does any other shop in London even know who Native instruments are :headbang:

Re: Sound Control + Turnkey go into administration...

PostPosted: Wed Apr 30, 2008 11:10 pm
by comradec
I guess there will be ramifications for some UK-based music industry manufacturers too. Carillon seem the most obvious example. They produce music computer systems and a range of MIDI controllers, and Sound Control and associates appeared to be their main retail outlet in this country.

I notice that their website appears to be down tonight. A coincidence, I hope.

Re: Sound Control + Turnkey go into administration...

PostPosted: Wed Apr 30, 2008 11:15 pm
by Studio Support Gnome
I doubt it, they were AFAIK owned by Turnkey....


Bye bye Carillion as well I'd imagine.