Belfast Telegraph

Friday 29 August 2014

Crash of motorbike accessory business puts nine jobs at risk

Nine retail jobs in Belfast and Newry are at risk after a motorbike accessories business went into administration.

But Hein Gericke's administrator said it was confident it would find a buyer for the business, and that some interested parties had already come forward.

It blamed falling sales due to economic pressures for the failure of the business.

There are 49 shops across the UK, including two in Northern Ireland. Five people work at its Newry shop on Belfast Road and four at its unit on Belfast's Boucher Road. Simon Thomas, joint administrator at Moorfields Corporate Recovery, said: "Hein Gericke (UK) Ltd is one of the leading suppliers of motorcycle accessories in the UK and has a well-established infrastructure in place that will allow a potential buyer to focus on generating sales.''

While the company as a whole had performed below budget, a spokesman for Moorsfields said the Belfast and Newry shops had seen a "reasonable trading performance". The online store also traded successfully, he added, and was on a par with the better-performing stores.

No store closures were planned, he added.

Hein Gericke was a German biker who opened a motorcycle shop in Germany in the 1970s. Within a few years the business developed to become the largest motorcycle dealership in Germany,.

The company then expanded into clothing and accessories.

Mr Gericke sold the business in 1987.

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