In light of the current Covid-19/Coronavirus pandemic, we have decided to suspend operations until at least October 2020.
The outbreak has massive implications for the events industry and we are expecting to see a huge drop in business this year. As Red has always been part of a bigger marketing company (Platinum Powersports) and staffed by freelance professionals, it is not our sole revenue stream. We have taken this decision in part to protect our staff, but also because of the uncertainty that the situation has created in the marketplace.
Events invariably represent a high risk of spreading the virus, especially when sharing casino chips and photo booth props. Some of our team could be considered to be at high risk and we have spoken to all our customers who are booked over the summer and discussed the situation with them. Many are uncertain as to whether or not their events will go ahead, and we have confirmed to all that we will either refund any deposit or transfer the booking to a trusted alternative supplier.
While these are not circumstances we had ever considered, this will also give us an opportunity to take a long needed break, something we had been thinking about for some time. We also hope that one less company in the marketplace will help support other professionals in our industry who may be struggling to make ends meet due to the sudden and rapid loss in demand.
We will be keeping all of our equipment and will even refurbish some of it over the summer. We will review the situation at the end of the summer, by which time we hope worst of the crisis will have passed and that we all have our health.
We hope to be back, better than ever, for the Christmas 2020 season.
Stay safe, be kind.
Paul and the Red team