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The mkiv Supra Owners Club

RC Developments in liquidation


michael

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Just

 

potential for them to just reopen under the Car Planet banner leaving customers out of pocket?

 

For those that don't know:

 

When the company goes into liquidation, the business is dead and the liquidators job is to realise the assets of the company to pay debtors. Secured 1st and unsecured last (b4 shareholders though). Unsecured shareholders very often get nothing.

 

The directors are free to continue doing what they do... i.e. setting up a new company. They won't be able to use the old company's assets (unless they are bought from the liquidator) and the liquidator will investigate the behaviour of the directors prior to the liquidation. There is a high level of naughtyness required for a negative report be followed up by the DTI and thus directors often get away lightly.

 

Will be interesting what happens to the time attack cars and who is used to value them.

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Too much money spent on 2 time attack cars....

 

Did not read it all though

 

Not quite enough though - every time I've seen them run, they blow something up. Plus the drivers were arses - virtually ran the wife off the track one time at Donington, tailgating and overtaking in the corners - it was a public track day, not a race test day!

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No wonder they have been clearing the stock off on ebay with no reserve under the name xxxboy or something.

I bought a set of nismo coilovers from them a couple weeks back on ebay from xxxboy and was suprised that wen the arived they had rc developments tape all over them.

Also the contact number was rc developments.

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No wonder they have been clearing the stock off on ebay with no reserve under the name xxxboy or something.

I bought a set of nismo coilovers from them a couple weeks back on ebay from xxxboy and was suprised that wen the arived they had rc developments tape all over them.

Also the contact number was rc developments.

 

Should be passing that little nugget onto the liquidators...

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No wonder they have been clearing the stock off on ebay with no reserve under the name xxxboy or something.

I bought a set of nismo coilovers from them a couple weeks back on ebay from xxxboy and was suprised that wen the arived they had rc developments tape all over them.

Also the contact number was rc developments.

 

 

Yeah thats who I spoke to regards the turbos

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