SavageDarwin
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- 111
Here is link to the notice
https://m.thegazette.co.uk/notice/3249169
https://m.thegazette.co.uk/notice/3249169
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https://www.out-law.com/topics/financial-services/restructuring/corporate-insolvency-the-basics/doesn't say much, what trouble are you referring to??
A company is considered to be insolvent under English law if it is unable to pay its debts. There are two tests for corporate insolvency:
the cash-flow test: is the company currently, or will it in the future, be unable to pay its debts as and when they fall due for payment?
the balance sheet test: is the value of the company's assets less than the amount of its liabilities, taking into account as-yet uncertain and future liabilities?
Guessing about as much fun as it has been the past 4-5 years while getting progressively worse.I'm just thinking of how much fun its going to be for replacement parts
I agree, I don't see how it's going to be much different than it's already been. It's really unfortunate.Guessing about as much fun as it has been the past 4-5 years while getting progressively worse.
When I drove my savage long ago I never broke anything major. I'm almost done completing my truck now to get back to driving it and will be stocking up on a few parts to be safe, but I don't see a reason to not drive it.I really hated to see this. I hope they are able to pull though. The savages were one of my favorite platforms but I ended up selling both of mine. I would love to own some hpi's again if they can get the company going again.
@ELWOOD No response yet??
Well somebody responded but not the original person I contacted "Katya Gineva" .
Katya Gineva ,
Can you please elaborate in regards to the "Corporate Insolvency" specifically concerning production of H.P.I. brand part and RTR models. I think the entire R.C. community deserves an answer since H.P.I.'S past history has been so unstable.
Sincerely ,
Wayne
________________________________________________________________________________________________________________________________________
-------- Original message --------
From: Jake Beake <[email protected]>
Date: 4/23/19 6:07 AM (GMT-08:00)
Cc: Katya Gineva <[email protected]>
Subject: RE: H.P.I. Insolvency
Dear Wayne
I should be grateful if you would confirm in what capacity you are requesting this information, are you a creditor of the Company?
With regards to the events that led to the Administration of the Company, full details will be provided in the Joint Administrators’ Proposal which will be issued within the next 5 weeks.
Kind Regards,
Jake Beake <[email protected]>
Wed 4/24/2019
________________________________________________________________________________________________________________________________________
From: Wayne
Sent: 24 April 2019 06:37
To: Jake Beake <[email protected]>
Subject: Re: H.P.I. Insolvency
Jake,
No I am one of thousands apon thousands of HPI Savage owners that have gone through the mess of trying to source parts after HPI sold to Ripmax and Ripmax's excuses regarding supplying parts and new models for the past 5+ years. We all consider the Savage platform to be the best out there and have dealt with the lack of parts and support for to long.
Wayne
_____________________________________________________________________________________________________________________________________
Dear Wayne,
The Company is continuing to trade under the control of the Administrators, therefore if there are certain parts or models that you are interested in acquiring, I would recommend getting in touch with the Company.
Kind Regards,
Jake Beake
Jake Beake
Assistant Manager
DD +44 (0)20 3794 8742
M +44 (0)7710 074629
W cvr.global
20 Furnival Street, London, EC4A 1JQ
Email disclaimer & registration information
What kind a sh*t is that email thread!?
No helpful at all, thanks for trying anyway @ELWOOD. Was hoping for a more substantial response from them tbh.
Where will we be able find this Joint Administrators' Proposal when it does get released??
This is not a good sign if they are the ones responding to customers inquiries ??@Biddie_fiddler Yea I know same old legal speak B.S. .. I guess contact Jake Beake at http://cvr.global/ , looks like CVR is a Liquidator ...
Well I think if WE ALL send Emails possible they might take us seriously ....This is unfortunate.
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