I have 5 or so pairs of seconds, including seconds (and own brand perfects) bought from Herring shoes.
I have no issue with them at all, and have been very happy with my purchases. The faults have been very minor cosmetic ones such as a scratch in the leather inflicted during manufacture, and in my opinion have been easily the sort of thing that could be done on a first wearing, so why pay full price?
I routinely try to get my chosen shoes as seconds now rather than pay full price, and the only reason for altering that policy is if the perfects come up somewhere heavily reduced.
Herring shoes themselves are superb, very helpful, fast and reliable. They will despatch immediately, and UK customers will receive within 2 days max. They give bags, polish and a horn with every pair, as well as a no quibble return if you are unhappy. One of the family personally examines each pair to ensure the "fault" is acceptable, and in the case of my first purchase, they even cut the price as they thought the 2 tiny 1mm deep cuts on the inside of the heel, just above the sole (totally unseen when wearing) were worse than normal.
They are also about to have a major expansion of their own brand, which are at present Loake 1880 based, but with improved specs, and will include Sargent based products. I already have one of the very first pairs of their Sargent based shoes, a cream/tan spectator, which unlike the Sargent branded version is fully leather lined. Not bad for the same money as Pediwear charges for the inferior branded version, which itself is well below High Street prices. (Â£90 against Â£130)
I recommend Herring shoes unreservedly, and to anyone on a budget the same applies for seconds in general.