I've no intention of starting a topic which becomes a slanging match, so please resist the temptation to convert this blog into
I believe it would be appropriate to let others know how they'll be treated, under British Law, when a supplier they are dealing with
Some people will already know what happens, so this short blog is for those who don't know.
The following information is factual :
June 2017 ; I placed a pre-paid order for a JLTRT Class 47 model paying the sum of £455.00.
I was advised that the 47/8 version would not be available until early 2018.
It was early 2018 when I became aware, through posts on this forum, that there was a problem concerning JLTRT.
At no time, did anybody have the decency to contact me, as a customer, to advise me the status of JLTRT.
I eventually found out the identity of The Receivers.
I have just received a letter from The Receivers, mostly asking me to approve their expenses of circa £8000, whilst
a small section was devoted to remuneration of creditors.
Secured creditors are to re-imbursed at a rate of 100p in the pound. (Opinion : these are people who shouldn't be
upset if continuing in the hobby)
Unsecured creditors are to be re-imbursed at a rate of 0.001p in the pound (Opinion : that is the rest of us)
This means that, through no fault of mine, JLTRT have reduced my £455.00 to 0.455p .
The thing that is really bugging me is that there is nothing under Brtitish Law, that I can do about it.
I started proceedings through the Money Reclaim Service, against Waterman directly, but I withdrew as I was advised,
by people I trust, that I was unlikely to win the case, and I could face substantial expenses.
Unfortunately in this Country, directors of defunct companys' cannot be held responsible for the company's debts.
Many people will be aware that there are a list of models, advertised as " Ex- JLTRT" or "From the JLTRT range" ,
being advertised by MM1 Models.
These appear to be the same as the JLTRT models, but are now listed with an RRP of circa £699 !!!
All of this has left me with a very bitter taste, and has taught me a very valuable lesson : don't pre-pay for anything that
is in a pre-production stage.