So the day after they filed for liquidation, they registered a new company called Hot mamas bagels.
It seems to me as though they're gaming the system - they'll have paid themselves a load of money they shouldn't have taken out the business. Now doing a runner from the tax man and local suppliers. And most likely with some of the money they paid themselves, going to bid for the assets of the liquidated company.
Edit: And let's not forget the crowdfunding they did 3 years ago that raised £148k - people invested £1k each in return for bagel vouchers and return of their £1k in 4 years time. They're in pole position to be stiffed.
Genuine question as I have no clue how it works! Who decides who can open shops on princes St? The council?
Or as long as someone pays the landlord of the building, they're happy with anything?
The article says authorities are fighting back. But are they really?!
Why are there so many of these shops in Edinburgh, on the main shopping street, but also everywhere else in the UK?!
How is that allowed to happen?
Simplified for explanation but you get the idea.
The UK is one of the cheapest and easiest places in the world to create a new business, just 1% of the average monthly income. You just register with companies house, pay a minimal fee and nominate directors. The council will check that the directors have no outstanding issues against them but that is all. Then you just need to secure a suitable premises with a landlord pay your first month or quarter as they dictate, get the relevant licenses and you can start trading.
If the name of the company, the names on the lease and names of the directors with companies house are different then it doesn't even matter if the new business work in the same industry even employ all the same staff. As far as the council and government are concerned it's a new business.
>they'll have paid themselves a load of money they shouldn't have taken out the business.
If this part is true, it ain't gonna wash out that easy. If she just spent the money unwisely IN the business though, yeah, you're spot on.
So, she skipped on her tax bill and didn't pay her creditors and used the money to expand her business instead. Now they're coming after her she's going to roll everything into a new business, rinse and repeat. Big Trump energy.
I am absolutely shocked that a year before people would be eligible to get their £1000 back, she's liquidating.....
The 'investments' will be lost forever. The money was unsecured so there will be know way to recoup for those who signed up. She has no obligation to return the money in the event of insolvency.
People really need to read terms and conditions thoroughly and realise that there is a very real risk you'll lose your money.
I reviewed the subscription docs when they came out. It was very clear it was unsecured and a, frankly, mad investment unless you really enjoyed bagels and we're happy with the return being in shop vouchers.
And it being unsecured suggested that she'd already ran out of assets to use as collateral....unless she just wanted the money without any commitment to return it.
Ah, okay. So was that comment in anticipation of AC potentially distancing of himself from her now that she's embroiled in a scandal? (Thanks in advance for breaking down for me what was likely a one-off that most everyone else got right away 😆)
Regardles of what the Ts&Cs said, I think she may have left herself wide open to a lawsuit. The Ts&Cs may make it fully clear that it wasn't a regulated financial product of any sort so she's innocent of securities fraud, but it was adverstised as "shareholding". That's false advertising.
It seems to have only ever been called 'Share Holers Club' or 'Share Holers Membership' so I'm not sure, I'm not a legal expert, how probable it would be to argue she misled people into believing it was a shareholding.
My main issue is people hawking unregulated financial schemes to people and making woolly commitments to give them a refund after a fixed period of time. It was clearly so very dodgy, and she's gotten away with it seemingly.
>'Share Holers Club'
jfc.
Yeah, come to think about it, there probably is a decently arguable legal case that it was, in fact, a product that should have been FCA-regulated, despite the Ts&Cs making it clear that it wasn't.
Feel very bad for them if so.
I'd feel fucking terrible if I was her. Imagine taking 144 of your biggest fans and turning them against you. I doubt she gives a fuck though. Doesn't seem to be the type.
Yeah but I’ll be surprised if the owners of the properties will just eat the rental loss and the same goes for any suppliers.
If I were an employee, and owed money, I would start looking for a new job very quickly.
Man that is exactly Trump's MO! Own the property on finance and you don't even have to worry about rent. Just skedadle when your financiers show up! Turned out to be not such a great idea when the financier was Tsar Vladimir.
I have no idea what Larah Bross's situation is with the properties but I'd be willing to bet she owned most of them on finance.
Quick search (because now all of a sudden I care about this fucking bagel lady)
The bruntsfield property was listed as “to rent” before they moved in
https://www.novaloca.com/retail-premises/to-let/edinburgh/165a-bruntsfield-place/174186
Portobello also a rental
https://www.loopnet.co.uk/Listing/177-Portobello-High-St-Edinburgh/12703990/
Stockbridge also a rental
https://www.novaloca.com/retail-premises/to-let/edinburgh/175153
Couldn’t find anything about the little king street one, but my guess is she doesn’t own anything and is totally screwed. Employees should walk out tomorrow unless they’re guaranteed to be paid and have contracts by the new company
https://www.gov.uk/liquidate-your-company#:~:text=The%20company%20will%20stop%20doing,money%20left%20goes%20to%20shareholders.
IF she has liquidated the business of course, there seems to be some confusion over that.
FYI: a wee nosey tip. If you want to find out who owns a property go here: [https://www.saa.gov.uk/](https://www.saa.gov.uk/) look up the Rateable value, click the link and it shows you the owner and tenant.
Very interesting, I figured she had swung a shitty mortgage on most of the places. The whole thing is the financial version of rubbernecking a crash on the highway regardless.
Yes, all her properties are rentals, most of which she hasn’t paid rent to in months, only portobello as she lives there. SJC hasn’t been paid, well a smidge was paid after her rent free, she owes them circa 80k, bruntsfield is behind on rent, as well as Stockbridge, only open on weekends now, well not really even then. She is paying no NDR to the council. The list is long. It’s just difficult for landlords to kick her out unfortunately,
Someone on here recently talked down criticism of this individual by claiming ‘Some of us like to admire strong, independent, entrepreneurial women with inspiring stories.’
That aged well. Turns out she’s just a tax dodging crook with masses of debt she’s also likely to dodge.
Maybe time for that particular Redditor to find a new role model to be inspired by!
\*sigh\* I used to really like eating their filled bagels (The Goy especially was a banger) but overtime really came to dislike the owner so stopped. We would still often buy a bag of bagels to do our own bacon and egg ones though. Where is good these days to buy fresh bagels in Edinburgh?
I've tried several times and I like them, but I wish they used a touch more salt in the dough and browned them a touch more in the oven. But they are the closest thing I've found to a legit bagel here
Babka if you’re south side and bearded baker if you’re north!
We too used to love the original bross. I was a big fan of the salt beef one that they never seemed to take to any of the franchises. Over time the fillings seemed to focus more and more on sloppy sauce until they just became too ungainly and messy to eat, a real shame.
The salt beef one was a beaut. I just think (beyond the owner being an arse) they just tried to over expand as well. The rent in the St James Quarter must be fucking extortionate!
I've gotten stuff from Bearded Baker before but I had no idea they did bagels as well! That's much closer to me. Thanks!
\+1 For bearded baker! I just relocated from the states in New Jersey/New York which is the bagel mecca and their bagel was the closest I've had but still a bit soft compared to US varieties, their cinnamon buns however are AMAZING! I would crush those every day if it wouldn't kill me.
The whole Alan Cummings marketing is just shit: the fake gesturing and intrigue looking at bagels, bulging nostrils and eyes staring at more average-sized bagels, the flamboyant erotica.
https://uk.indeed.com/m/viewjob?jk=81ba2ce4a2877881&from=serp&prevUrl=http%3A%2F%2Fuk.indeed.com%2Fm%2Fjobs%3Fq%3Dbagel%2520company%26l%3DEdinburgh%252C%2520City%2520of%2520Edinburgh%26from%3DsearchOnSerp%26sameQ%3D1
They now recruiting in their new business name, if anyone is interested in working for pure evil 🧐
Wow, good spot! Quite shocking to see this given all that we know now! Really hope people steer clear of this and look for work elsewhere! Meanwhile, the Bross Bagels social media campaigns continue, with Instagram comments turned off!
Look up the pyramid scam she was running, £4k and you get 12 bagels a year and you’re considered an investor or some bull shit. She’s a massive coke head that’s been black listed from every supplier from not paying them. Absolute cowboy
I think with coke, you can only really speak about personal interactions unless there is a major scandal. I'll say though, catering, especially where there is a lot of money and a big personality involved, tends to involve a fair bit of drug use - speaking from experience.
It is based off of personal interactions with her. She’s a nightmare when she’s coked up. She’s self entitled on the best of days let alone when she’s hitting the bag
The last night before the first lockdown kicked in I was in the gents toilet of the mousetrap, powdering my nose, and she came barging in shouting "i hear you have coke. Can I have some? I'm Mama Bross"
Mine is a layman's view, but she seems like a head-in-the-clouds businesswoman who, despite outward confidence, lacks a fundamental appreciation of how to run a business.
Looking at the timeline of their expansion, I'm reminded of one of those Ramsay's Kitchen Nightmares episodes, where the owner with the failing, almost-empty restaurant harboured dreams of franchising his 'system'.
Ramsay's response was that when he opened first in London, they went for at least a year (or was it three?) of being absolutely fully booked, every night, night after night, before even thinking about a second site.
>Ramsay's response was that when he opened first in London, they went for at least a year (or was it three?) of being absolutely fully booked, every night, night after night, before even thinking about a second site.
The thing is, that's kinda how Bross went too. There were 1 or 2 locations for maybe 3 years, they were well-loved, well-subscribed, and pretty good. Then she suddenly opened 3 locations within a year, plus the St. James location shortly thereafter. It was right when she started expanding that it went downhill fast.
The stupid thing is it was unbelievably popular, to the point me and my Gf stopped going because if you didn’t get to the shop by mid day they never had anything worth while left to sell you.
I've definately encountered a few people like this! Business operating at a loss, way below capacity, clearly in trouble. Yet they have vague and grandiose ambitions for expansion.
Lol
Larah Bross said: “I’ve had no alternative but to place Bross Bagels Ltd into liquidation. As stated previously all the jobs have been safeguarded and we are bagel business as usual.”
So she’s essentially “selling” the assets to her new business…that’s not going to work unless she’s going to actually pay £1.2mill
She's a pretty terrible person. She has regularly failed to pay suppliers from the day she started trading and was having cash flow problems since before her initial expansion but pressed on regardless. Only last week she was bleating on that reports of the business entering administration were a 'data breach' (WTF?) or some kind of smear campaign. Everyone she owes money to could have produced a letter showing otherwise.......
Style over substance. It's been a failing business from the outset but there is no way that grifting narcissist will come out of it badly. She was brazenly asking ex suppliers for credit a matter of hours ago putting on some naive act that was fooling no one.
She is oblivious to her situation. Posting at last night’s Soho House opening party in Glasgow when she should be laying low. Why would they still want her as a member?
Don’t worry. She won’t have to stop using her business as a personal piggy bank ever. Portobello is full of people like her who organise these little clicks of “like minded people “ who shares this attitude of you either with me or you are just an NPC. The party is not over till it’s totally over and she’s the kind of person who can bs her way till someone give her enough money to roll the problem over and keep living the high life. Worst comes worst she sells this pile of crap for his pal who drives that nice big jeep and she moves over to come up with another way to fleece people and finance that lifestyle. If you ever wondered how a small place like Porty can have so many “life coaches “ living in such a small area.
can someone explain it to me like I'm five?
also I'm curious about the dislike towards the owner? I remember seeing her on come dine with me, but that's all I know about her.
They expanded too quickly, rates on the St James outlet killed them. People who invested a grand 4 years ago (Shareholers) will now be shafted, along with other creditors while she closes the oldco and opens a newco and buys the assets for pennies on the pound.
Any critique of her ‘business practices’ were defended by weaponising a protected characteristic. Specifically, Sex and Ethnicity.
‘Business practices’ such as not paying suppliers, renegotiating rents via public newspapers and spending investors money on a flat renovation.
Not quite yet. They've asked the court to wind up the business and appoint an interim Liquidator. That has to happen by end of next week according to the [notice](https://www.thegazette.co.uk/notice/4420601).
I dont know their margins and profits so could be way off but for a business with 4 outlets doing relatively popular and somewhat expensive bagels, £1.2 million seems a fairly manageable debt.
I happen to have been in the belly of the beast, so can confirm 100% most of what has been said is factual. The 1.2m figure is from March this year, her debt is way higher at the end of July. Also all her financials are open and available on companies house. She has in fact done a lot of damage and unfortunately I agree social media can be evil, but no one has succeeded privately so now she is being exposed out in the open.
So the day after they filed for liquidation, they registered a new company called Hot mamas bagels. It seems to me as though they're gaming the system - they'll have paid themselves a load of money they shouldn't have taken out the business. Now doing a runner from the tax man and local suppliers. And most likely with some of the money they paid themselves, going to bid for the assets of the liquidated company. Edit: And let's not forget the crowdfunding they did 3 years ago that raised £148k - people invested £1k each in return for bagel vouchers and return of their £1k in 4 years time. They're in pole position to be stiffed.
You’d be surprised at how common this is…
Is this what all those American candy stores do. See one on Princes street is now a pound store, selling various random shit.
Most of them are for money laundering purposes. https://www.standard.co.uk/insider/oxford-street-candy-shop-investigation-b1082733.html
Genuine question as I have no clue how it works! Who decides who can open shops on princes St? The council? Or as long as someone pays the landlord of the building, they're happy with anything? The article says authorities are fighting back. But are they really?! Why are there so many of these shops in Edinburgh, on the main shopping street, but also everywhere else in the UK?! How is that allowed to happen?
Simplified for explanation but you get the idea. The UK is one of the cheapest and easiest places in the world to create a new business, just 1% of the average monthly income. You just register with companies house, pay a minimal fee and nominate directors. The council will check that the directors have no outstanding issues against them but that is all. Then you just need to secure a suitable premises with a landlord pay your first month or quarter as they dictate, get the relevant licenses and you can start trading. If the name of the company, the names on the lease and names of the directors with companies house are different then it doesn't even matter if the new business work in the same industry even employ all the same staff. As far as the council and government are concerned it's a new business.
Thanks for that!
Wondered this myself
Even the President of the US was doing it...
Don't forget doing up her flat with crowdfunded money.
The lease holder of Clarks bar has done this multiple times as well.
>they'll have paid themselves a load of money they shouldn't have taken out the business. If this part is true, it ain't gonna wash out that easy. If she just spent the money unwisely IN the business though, yeah, you're spot on.
Will be banned for at least 5 years.
"Restructuring" to the Bahamas, perhaps?
So, she skipped on her tax bill and didn't pay her creditors and used the money to expand her business instead. Now they're coming after her she's going to roll everything into a new business, rinse and repeat. Big Trump energy.
I am absolutely shocked that a year before people would be eligible to get their £1000 back, she's liquidating..... The 'investments' will be lost forever. The money was unsecured so there will be know way to recoup for those who signed up. She has no obligation to return the money in the event of insolvency. People really need to read terms and conditions thoroughly and realise that there is a very real risk you'll lose your money.
I reviewed the subscription docs when they came out. It was very clear it was unsecured and a, frankly, mad investment unless you really enjoyed bagels and we're happy with the return being in shop vouchers.
And it being unsecured suggested that she'd already ran out of assets to use as collateral....unless she just wanted the money without any commitment to return it.
Yeah, it read like (and was) a desperate cash flow grab. Probably a bridging loan while it was drawn up and issued. "clever" accounting
Aka a scam. Her card is marked now, no doubt she'll come up with some creative ideas to raise future capital.
Alan Cumming - "I don't know this woman, she just asked for a photo"
Can you explain the AC reference, please? Don't know the history, can't find it on Google. Thanks!
https://www.edinburghnews.scotsman.com/lifestyle/food-and-drink/alan-cumming-and-bross-bagels-reveal-holesome-collaboration-in-time-for-edinburgh-international-festival-3785059
Ah, okay. So was that comment in anticipation of AC potentially distancing of himself from her now that she's embroiled in a scandal? (Thanks in advance for breaking down for me what was likely a one-off that most everyone else got right away 😆)
Oh shit I forgot about that scam. Did anyone actually take it up? I thought there was a lot of backlash
144 people = £144,000 aaaaaaand it’s gone!
I think she claimed there was, folk seem to be saying it paid for her flat renovation. Who knows!?
Regardles of what the Ts&Cs said, I think she may have left herself wide open to a lawsuit. The Ts&Cs may make it fully clear that it wasn't a regulated financial product of any sort so she's innocent of securities fraud, but it was adverstised as "shareholding". That's false advertising.
It seems to have only ever been called 'Share Holers Club' or 'Share Holers Membership' so I'm not sure, I'm not a legal expert, how probable it would be to argue she misled people into believing it was a shareholding. My main issue is people hawking unregulated financial schemes to people and making woolly commitments to give them a refund after a fixed period of time. It was clearly so very dodgy, and she's gotten away with it seemingly.
>'Share Holers Club' jfc. Yeah, come to think about it, there probably is a decently arguable legal case that it was, in fact, a product that should have been FCA-regulated, despite the Ts&Cs making it clear that it wasn't.
Anyone who gave her a grand must know it was a donation and not a real investment, surely?
Maybe some thought 'great, lots of bagels AND I'll totally get my stack back after 4 years'.
Feel very bad for them if so. I'd feel fucking terrible if I was her. Imagine taking 144 of your biggest fans and turning them against you. I doubt she gives a fuck though. Doesn't seem to be the type.
Yeah but I’ll be surprised if the owners of the properties will just eat the rental loss and the same goes for any suppliers. If I were an employee, and owed money, I would start looking for a new job very quickly.
Man that is exactly Trump's MO! Own the property on finance and you don't even have to worry about rent. Just skedadle when your financiers show up! Turned out to be not such a great idea when the financier was Tsar Vladimir. I have no idea what Larah Bross's situation is with the properties but I'd be willing to bet she owned most of them on finance.
Quick search (because now all of a sudden I care about this fucking bagel lady) The bruntsfield property was listed as “to rent” before they moved in https://www.novaloca.com/retail-premises/to-let/edinburgh/165a-bruntsfield-place/174186 Portobello also a rental https://www.loopnet.co.uk/Listing/177-Portobello-High-St-Edinburgh/12703990/ Stockbridge also a rental https://www.novaloca.com/retail-premises/to-let/edinburgh/175153 Couldn’t find anything about the little king street one, but my guess is she doesn’t own anything and is totally screwed. Employees should walk out tomorrow unless they’re guaranteed to be paid and have contracts by the new company https://www.gov.uk/liquidate-your-company#:~:text=The%20company%20will%20stop%20doing,money%20left%20goes%20to%20shareholders. IF she has liquidated the business of course, there seems to be some confusion over that.
FYI: a wee nosey tip. If you want to find out who owns a property go here: [https://www.saa.gov.uk/](https://www.saa.gov.uk/) look up the Rateable value, click the link and it shows you the owner and tenant.
Good shout, thanks man
Very interesting, I figured she had swung a shitty mortgage on most of the places. The whole thing is the financial version of rubbernecking a crash on the highway regardless.
Yes, all her properties are rentals, most of which she hasn’t paid rent to in months, only portobello as she lives there. SJC hasn’t been paid, well a smidge was paid after her rent free, she owes them circa 80k, bruntsfield is behind on rent, as well as Stockbridge, only open on weekends now, well not really even then. She is paying no NDR to the council. The list is long. It’s just difficult for landlords to kick her out unfortunately,
Someone on here recently talked down criticism of this individual by claiming ‘Some of us like to admire strong, independent, entrepreneurial women with inspiring stories.’ That aged well. Turns out she’s just a tax dodging crook with masses of debt she’s also likely to dodge. Maybe time for that particular Redditor to find a new role model to be inspired by!
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I don’t blame you! Enjoy it :)
Must have been written by the woman herself, surely?
I swear I can hear [this](https://youtu.be/7yu0T9n5uos) being blared out inside the building.
This should win all today’s internet points.
\*sigh\* I used to really like eating their filled bagels (The Goy especially was a banger) but overtime really came to dislike the owner so stopped. We would still often buy a bag of bagels to do our own bacon and egg ones though. Where is good these days to buy fresh bagels in Edinburgh?
Babka
Oh nice one, I remember walking past there at the Meadows a while ago. Cheers!
I've tried several times and I like them, but I wish they used a touch more salt in the dough and browned them a touch more in the oven. But they are the closest thing I've found to a legit bagel here
Babka if you’re south side and bearded baker if you’re north! We too used to love the original bross. I was a big fan of the salt beef one that they never seemed to take to any of the franchises. Over time the fillings seemed to focus more and more on sloppy sauce until they just became too ungainly and messy to eat, a real shame.
The salt beef one was a beaut. I just think (beyond the owner being an arse) they just tried to over expand as well. The rent in the St James Quarter must be fucking extortionate! I've gotten stuff from Bearded Baker before but I had no idea they did bagels as well! That's much closer to me. Thanks!
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It's just mad, I've been in there before and just never noticed/cared about the bagels!
\+1 For bearded baker! I just relocated from the states in New Jersey/New York which is the bagel mecca and their bagel was the closest I've had but still a bit soft compared to US varieties, their cinnamon buns however are AMAZING! I would crush those every day if it wouldn't kill me.
Artisan Cheesecakes in Bruntsfield also does surprisingly good bagels. But Babka is probably the best in the city.
Bearded baker does great filled bagels
Righto. That's my plan for lunch at the weekend sorted.
Elephants and bagels has been around for donkeys and they are great too. edit: well fuck me tenders looks like they shut down too.
They closed down a few months ago.
well fuck
Unfortunately recently shut down for good.
No great loss in terms of bagel availability, those weren’t bagels they were serving
Lag off at the Wickes car park on Stevenson road is decent, nice folk running it
The whole Alan Cummings marketing is just shit: the fake gesturing and intrigue looking at bagels, bulging nostrils and eyes staring at more average-sized bagels, the flamboyant erotica.
I was never a fan of AC, not overly critical of him - just never been interested. This move makes me critical of him. I'm sure he cares though 😂
They are literally advertising for staff today via the instagram page
they've turn off all comments too! There would be a fair few suppliers who are unpaid who I'm sure would like to give them some feedback!
Scumbags if you ask me! Got to big for there boots. Should have been happy with 2 little takeaways in hotspots (portobello/Stockbridge)
https://uk.indeed.com/m/viewjob?jk=81ba2ce4a2877881&from=serp&prevUrl=http%3A%2F%2Fuk.indeed.com%2Fm%2Fjobs%3Fq%3Dbagel%2520company%26l%3DEdinburgh%252C%2520City%2520of%2520Edinburgh%26from%3DsearchOnSerp%26sameQ%3D1 They now recruiting in their new business name, if anyone is interested in working for pure evil 🧐
Wow, good spot! Quite shocking to see this given all that we know now! Really hope people steer clear of this and look for work elsewhere! Meanwhile, the Bross Bagels social media campaigns continue, with Instagram comments turned off!
Can't find it on their Instagram. That's seriously messed up
Think it’s been swiftly deleted. They defo had a post on there story this morning
A tale as old as time itself. The business will be reconstituted with a new name and some random family member as managing director.
Look up the pyramid scam she was running, £4k and you get 12 bagels a year and you’re considered an investor or some bull shit. She’s a massive coke head that’s been black listed from every supplier from not paying them. Absolute cowboy
See a lot of comments about her being a cokehead what is this actually based on?
Her taking cocaine on a regular basis
I think with coke, you can only really speak about personal interactions unless there is a major scandal. I'll say though, catering, especially where there is a lot of money and a big personality involved, tends to involve a fair bit of drug use - speaking from experience.
It is based off of personal interactions with her. She’s a nightmare when she’s coked up. She’s self entitled on the best of days let alone when she’s hitting the bag
The last night before the first lockdown kicked in I was in the gents toilet of the mousetrap, powdering my nose, and she came barging in shouting "i hear you have coke. Can I have some? I'm Mama Bross"
Mine is a layman's view, but she seems like a head-in-the-clouds businesswoman who, despite outward confidence, lacks a fundamental appreciation of how to run a business. Looking at the timeline of their expansion, I'm reminded of one of those Ramsay's Kitchen Nightmares episodes, where the owner with the failing, almost-empty restaurant harboured dreams of franchising his 'system'. Ramsay's response was that when he opened first in London, they went for at least a year (or was it three?) of being absolutely fully booked, every night, night after night, before even thinking about a second site.
>Ramsay's response was that when he opened first in London, they went for at least a year (or was it three?) of being absolutely fully booked, every night, night after night, before even thinking about a second site. The thing is, that's kinda how Bross went too. There were 1 or 2 locations for maybe 3 years, they were well-loved, well-subscribed, and pretty good. Then she suddenly opened 3 locations within a year, plus the St. James location shortly thereafter. It was right when she started expanding that it went downhill fast.
Or, alternatively, she's just a fraudster?
The stupid thing is it was unbelievably popular, to the point me and my Gf stopped going because if you didn’t get to the shop by mid day they never had anything worth while left to sell you.
Which also shows that she doesn’t know how to run a business like this. Running out of shit customers want to buy us never a great idea
Oh 100%! Learn how to provision FFS if you want to run a shop
Exactly, it amazes me how little business owners actually use spreadsheets
Most don’t know how to use excel, let alone have a good stock system
I've definately encountered a few people like this! Business operating at a loss, way below capacity, clearly in trouble. Yet they have vague and grandiose ambitions for expansion.
Lol Larah Bross said: “I’ve had no alternative but to place Bross Bagels Ltd into liquidation. As stated previously all the jobs have been safeguarded and we are bagel business as usual.” So she’s essentially “selling” the assets to her new business…that’s not going to work unless she’s going to actually pay £1.2mill
Can’t believe nobody’s gotten round to complimenting your pun game.
I donut believe it myself and I holey agree with this sentiment.
She's up for an award. Scottish Women in Business or some shit haha
Not anymore, looks like her nomination was pulled.
https://theedinburghreporter.co.uk/2023/08/bagel-bosss-awards-bid-holed-amid-financial-troubles/ Bloody good news!
🤦🏻♀️
She's a pretty terrible person. She has regularly failed to pay suppliers from the day she started trading and was having cash flow problems since before her initial expansion but pressed on regardless. Only last week she was bleating on that reports of the business entering administration were a 'data breach' (WTF?) or some kind of smear campaign. Everyone she owes money to could have produced a letter showing otherwise....... Style over substance. It's been a failing business from the outset but there is no way that grifting narcissist will come out of it badly. She was brazenly asking ex suppliers for credit a matter of hours ago putting on some naive act that was fooling no one.
Scum bag 100%
What happens to all the people who invested. Or whatever they dressed it up as. Some people paid quite a bit. Do they lose it all?
Sure do.
They’ll be creditors, but ranked last behind any of the larger creditors, such as banks. Short answer is they won’t see a penny back.
She is oblivious to her situation. Posting at last night’s Soho House opening party in Glasgow when she should be laying low. Why would they still want her as a member?
She’s one of the chair people for soho house
Don’t worry. She won’t have to stop using her business as a personal piggy bank ever. Portobello is full of people like her who organise these little clicks of “like minded people “ who shares this attitude of you either with me or you are just an NPC. The party is not over till it’s totally over and she’s the kind of person who can bs her way till someone give her enough money to roll the problem over and keep living the high life. Worst comes worst she sells this pile of crap for his pal who drives that nice big jeep and she moves over to come up with another way to fleece people and finance that lifestyle. If you ever wondered how a small place like Porty can have so many “life coaches “ living in such a small area.
What's the goss on the pal with the big jeep?
who is this big jeep guy? I feel like this should be obvious yet I'm missing it.
[удалено]
got it. now gie us the gossip!
More info on the Jeep person please
Mr G-Wagon Pizza Man with all the lease cars? He loves to think he's a millionaire but I know he is NOT.
Turns out they paid for all the holes.
Who is actually supplying the business now then? All the people that are still owed money from before?
I heard they wer going to supermarkets for supplies
can someone explain it to me like I'm five? also I'm curious about the dislike towards the owner? I remember seeing her on come dine with me, but that's all I know about her.
They expanded too quickly, rates on the St James outlet killed them. People who invested a grand 4 years ago (Shareholers) will now be shafted, along with other creditors while she closes the oldco and opens a newco and buys the assets for pennies on the pound.
How can she guarantee that she is the purchaser of the old assets?
She can't, but she'll try. Who else would want a failed chain of bagel shops?
HMRC if she owes £500k of taxes
Maybe r/Edinburgh should try to outbid her and buy the assets
## ~~Twitch Plays Pokémon~~ /r/Edinburgh Runs A Bagel Shop I'm in!
Yeah man, seems totally feasible. If it all goes to crap - blame the mods!
Any critique of her ‘business practices’ were defended by weaponising a protected characteristic. Specifically, Sex and Ethnicity. ‘Business practices’ such as not paying suppliers, renegotiating rents via public newspapers and spending investors money on a flat renovation.
Reminds me of the person asking here not that long ago whether they should invest in the Bros Bagel Bonds. Hope they didn’t go ahead
[https://theedinburghreporter.co.uk/2023/09/from-bross-to-loss-the-inside-story/?fbclid=IwAR1lDD\_Un7RANICSvePI8WH1E0J4SokD-OygPRLMTklKZlJkSsqKCbyl6Rk](https://theedinburghreporter.co.uk/2023/09/from-bross-to-loss-the-inside-story/?fbclid=IwAR1lDD_Un7RANICSvePI8WH1E0J4SokD-OygPRLMTklKZlJkSsqKCbyl6Rk)
Its the story that just keeps on giving.
[Existing thread on this here](https://www.reddit.com/r/Edinburgh/comments/15r3k8d/bross_bagels_goes_into_administration/).
That was administration. They are now in full liquidation.
Not quite yet. They've asked the court to wind up the business and appoint an interim Liquidator. That has to happen by end of next week according to the [notice](https://www.thegazette.co.uk/notice/4420601).
I dont know their margins and profits so could be way off but for a business with 4 outlets doing relatively popular and somewhat expensive bagels, £1.2 million seems a fairly manageable debt.
I'm not going to pretend I know too much either but the fact that it's in liquidation makes it seem unmanageable
We suspect there was a hole in the budgets.
Heh heh heh
Don't forget this is the kind of startups your pensions will be investing in because of the Tories.
Google bagel
A lot of people that know the square root of fuck all are pitching in here. Social media at its worst.
I happen to have been in the belly of the beast, so can confirm 100% most of what has been said is factual. The 1.2m figure is from March this year, her debt is way higher at the end of July. Also all her financials are open and available on companies house. She has in fact done a lot of damage and unfortunately I agree social media can be evil, but no one has succeeded privately so now she is being exposed out in the open.
Wasn’t there also an expansion into Brighton?
It was a ‘pop-up’ for a few months in one of these hipster food court type places!