Supplier gone bust and has my property

Supplier gone bust and has my property

Author
Discussion

OverSteery

Original Poster:

3,667 posts

238 months

Friday 4th October
quotequote all
ISTR that this has been covered here, but the search functionality didn't unearth it.

I run a motorcycle training school, and I have 5 bikes stored with the nearby dealer. Today they are shut and I have good cause to believe that the whole chain is now COMPLETELY bust. I can't access my bikes.

The bikes are 100% owned by my company, but how long it is likely to take for anyone to be a position to release them.

RazerSauber

2,548 posts

67 months

Friday 4th October
quotequote all
Probably best to find out who has taken over what's left and is liquidating assets. Contact them and tell them your property is in the building. Be prepared to provide proof of ownership.

OverSteery

Original Poster:

3,667 posts

238 months

Friday 4th October
quotequote all
RazerSauber said:
Probably best to find out who has taken over what's left and is liquidating assets. Contact them and tell them your property is in the building. Be prepared to provide proof of ownership.
Companies house shows them still trading, but a credit check suggests not. I'm just wondering if I am going to be waiting days, weeks or months...

moorx

3,931 posts

121 months

Friday 4th October
quotequote all

OverSteery

Original Poster:

3,667 posts

238 months

Friday 4th October
quotequote all
moorx said:
Thanks beer - I thought I'd read something like that here, but didn't spot it.

spikeyhead

17,974 posts

204 months

Friday 4th October
quotequote all
Have a look through the London Gazette

https://m.thegazette.co.uk/corporate-insolvency

Alex Z

1,511 posts

83 months

Friday 4th October
quotequote all
Assuming this is Completely Motorcycles you are talking about, they are in administration rather than liquidation, and are claiming they’ll be open on Monday.
That should make it easier to get your bikes back if you have proof of ownership.

OverSteery

Original Poster:

3,667 posts

238 months

Friday 4th October
quotequote all
Alex Z said:
Assuming this is Completely Motorcycles you are talking about, they are in administration rather than liquidation, and are claiming they’ll be open on Monday.
That should make it easier to get your bikes back if you have proof of ownership.
Yes indeed and thanks. It does look that way. I hope the bike business survives - I know a fair few of the employees.

I await Monday with interest.

Alex Z

1,511 posts

83 months

Friday 4th October
quotequote all
OverSteery said:
Alex Z said:
Assuming this is Completely Motorcycles you are talking about, they are in administration rather than liquidation, and are claiming they’ll be open on Monday.
That should make it easier to get your bikes back if you have proof of ownership.
Yes indeed and thanks. It does look that way. I hope the bike business survives - I know a fair few of the employees.

I await Monday with interest.
I need to get some warranty work done on my Ducati, which will be tricky if Worcester doesn’t reopen.

KTMsm

27,667 posts

270 months

Saturday 5th October
quotequote all
Completely Motorcycles...

Wow they're a big chain to go bust

I buy some of their PX bikes there's always plenty of bikes being sold but their overheads must be huge

Best wishes for them and the OP

williamp

19,560 posts

280 months

Sunday 6th October
quotequote all
OverSteery said:
Alex Z said:
Assuming this is Completely Motorcycles you are talking about, they are in administration rather than liquidation, and are claiming they’ll be open on Monday.
That should make it easier to get your bikes back if you have proof of ownership.
Yes indeed and thanks. It does look that way. I hope the bike business survives - I know a fair few of the employees.

I await Monday with interest.
Good luck. Dont gang about on monday. In, retrieve, out I would suggest.,pay what you owe obviously.

GreatGranny

9,343 posts

233 months

Tuesday 8th October
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Any news OP?

Wozy68

5,421 posts

177 months

Wednesday 9th October
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Bump
?????

CaiosH

1,352 posts

233 months

Wednesday 9th October
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There open again today in North Wales...

KungFuPanda

4,450 posts

177 months

Wednesday 9th October
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CaiosH said:
There open again today in North Wales...
Good signs for the OP then!

OverSteery

Original Poster:

3,667 posts

238 months

Wednesday 9th October
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How I hate it when the OP doesn't provide an update...

Sorry, been busy with sorting work out and mum in hospital!

Bikes all recovered and currently in a newly rented lockup.

I don't want to say too much as I know that when a company goes through this process there are a lot of legal dos and don'ts.

So I am alright, but my thoughts are with the hard working people who have probably lost their jobs through no fault of their own....