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NEWS


More banking problems for the gun trade?


Has Taska fi nally gone?


T&G


the angling trade massively adopting the formats, and shooting slightly slower on the uptake, mainly caused by barriers put up by Facebook! Steve McCaveney, marketing manager for Daiwa Sports, told T&G: “It’s interesting. When you actually examine what you get for your money on social media, it’s really not that much. It’s all part of the marketing mix but you cannot build your business around just one platform.


“I’d imagine these changes will have a signifi cant affect on some, more than others. “Third party media is still very important and holds a lot of value – be that through magazines or video.”


Meanwhile… Terrence Logan, sales manager for Daystate, told T&G: “Even before these changes Facebook has been a nightmare for us, we even had our Christmas Card banned by them when we tried to promote it! “It appears that promoting


terrorism and pedophilia is fi ne on the platform, but stick a picture of a gun on there and you’re in trouble. The barriers for us and I think many in the gun trade are already too high, without these sweeping changes.”


www.tandgmagazine.com


has been alerted by a gun dealer and a manufacturer


with regards to Lloyds Bank. Both Armex and City Air Weapons


and Firearms have run into diffi culties caused by the practices of Lloyds Bank and its refusal to maintain business account due to the nature of their business. The owners of both businesses


are liaising with the Gun Trade association on this matter.


Have you been affected by issues like these? Please let us know – as well as liaising with the GTA.


Fishing Republic fi nancials


F


ishing Republic has reported that the fi nal months of 2017 had been in line with expectations after a “successful” Black Friday and Christmas online sales campaign. The retailer expects fi nal results for 2017 to be around £9 million turnover – but expects to make an overall loss for the year. Acting CEO Chris Griffi n, who had only been appointed in mid- November, has stepped down from his role after ‘completing the “comprehensive appraisal” of its operations he was originally appointed to do. As a result of his appraisal, a number of operational changes are underway’. T&G believes the announcement of a new CEO is imminent. In 2016, Fishing Republic generated £403,000 in pre-tax profi t on revenue of £5.8 million.


T


aska, the carp accessory company that restructured as a consumer


direct web company back in July last year, appears to have ceased trading. Taska created the web-only


direct selling company after joint administrators were appointed in July 2017 when A & S Tasker International began to face fi nancial diffi culties due to a downturn in trade and bad debts. All staff were made redundant, and the Kryston brand was sold to German fi rm Ockert. Nutrabaits was rescued by former owner, Bill Cottam. The news coincides with a


bankruptcy order for Stephen Tasker, dated 12th December 2017. The last post on Taska’s facebook page appeared on the 11th December 2017. Dave Chilton, former owner of


Kryston, a company bought by Taska back in 2015, said: “We are extremely disappointed after building a very good brand up after almost thirty years to see how this has ended. He owes us a substantial amount of money, after numerous request from our contracts lawyers and high court bailiffs it was all to no avail. If there is any advice I can give to anyone selling a business it is try to make sure you know the people you are dealing with."


NEWS


Kryston and Nutrabaits sold – but what about Taska?


The Angling Group sells Kryston and Nutrabaits. What’s next?


T


he shock sale sees German fi rm Ockert taking over the Kryston


brand. TAG Distribution Ltd retain distribution of the popular brand in the UK. Manufacture of Kryston products has now moved to Germany. Ockert’s managing director, Jan


Willenbruch, said: “Kryston has effectively been off the market for a while, but it is an iconic brand with highly regarded products and an


1 evelopment.”


  ?


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