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pylonman

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  1. pylonman

    JLTRT Receivership

    By pylonman,

    I've no intention of starting a topic which becomes a slanging match, so please resist the temptation to convert this blog into
    one.
     
    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
    ceases trading.
     
    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.
     
    Regards
    Keith
     
     
     
     
     
     
  2. pylonman
    Hi.
     
    I am new to the world of O gauge modelling.
     
    I have recently purchased a Class 15xx model from Warren Shephard.
     
    Should I opt for the Slaters 30:1 or 40:1 gearbox ?
     
    It is a shunter, so wouldn't prototypically run at mainline speeds.
     
    As the motor/gearbox units are >£100 I dont' want to get the wrong one.
     
    Thanks
    Keith
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