Westfield go into administration
Discussion
https://westfield-sportscars.co.uk/
Mark Bowen of MB Insolvency was appointed as Administrator of Westfield Sports Cars Limited and Westfield Autonomous Vehicles Limited. Mark Bowen is licensed to act as an Insolvency Practitioner by the Insolvency Practitioners Association. The affairs, business and property of the Companies (in Administration) are managed by the Administrator, who acts as an agent of the Companies and without personal liability. Creditors can contact the Administrator’s office at information@mb-i.co.uk.
Mark Bowen of MB Insolvency was appointed as Administrator of Westfield Sports Cars Limited and Westfield Autonomous Vehicles Limited. Mark Bowen is licensed to act as an Insolvency Practitioner by the Insolvency Practitioners Association. The affairs, business and property of the Companies (in Administration) are managed by the Administrator, who acts as an agent of the Companies and without personal liability. Creditors can contact the Administrator’s office at information@mb-i.co.uk.
Panamax said:
That's a shame, although perhaps inevitable with so few people buying sports cars today.
I know this is a bit of a PH 'trope' that 'no-one buys sports cars any more' but I doubt there's much crossover between the demographic of people who buy cars as lifestyle objects and those who buy Westfields.I suspect they're more a victim of current world events.
Very sad though, I counted Westfields among those cars I'd love to own if I got the chance. Sadly circumstances, opportunity and money haven't yet aligned for me in a way that would make it possible.
Edited by NDNDNDND on Thursday 9th June 15:43
What on earth was Westfield Autonomous Vehicles Ltd? It had accumulated losses of over £300,000 to the end of 2021 whilst owing other people £1,000,000. Sounds like disaster city.
Meanwhile the sports car company appears to have lost about £50,000 in 2021 while amounts owed to other people increased by £700,000. "Stocks" were in the books at £2,200,000 so heaven only knows what they might be and what they might actually be worth. Clear signs of the end of the road approaching.
Sympathies must go to the employees and suppliers. It's not easy to imagine anyone jumping in and trying to take it forward as a viable business.
Meanwhile the sports car company appears to have lost about £50,000 in 2021 while amounts owed to other people increased by £700,000. "Stocks" were in the books at £2,200,000 so heaven only knows what they might be and what they might actually be worth. Clear signs of the end of the road approaching.
Sympathies must go to the employees and suppliers. It's not easy to imagine anyone jumping in and trying to take it forward as a viable business.
I'm sure some sort of deal will be made.
The administrators will take what they can get. Which means someone will buy the company or parts of it at " best offer " if it doesn't cover all debts, they will be written off.
I can't imagine it's the end of Westfield, their product is just too good.
If I was 20 years younger, I'd try to gather a consortium and buy it.
May Westfield continue for generations to come.
The administrators will take what they can get. Which means someone will buy the company or parts of it at " best offer " if it doesn't cover all debts, they will be written off.
I can't imagine it's the end of Westfield, their product is just too good.
If I was 20 years younger, I'd try to gather a consortium and buy it.
May Westfield continue for generations to come.
Hi
Unfortunately I am one of many it seems that have placed orders and hefty deposits for a new vehicle - Chesil in my case
I was asked to top up the deposit only a couple of weeks ago - when they must have known things were going pear shaped -
I am keen to link in with anyone else who
Is in a similar position and determine if a joint legal challenge can be made - as subsidiary and common director companies are apparent and I can’t help but feel there has been mis representation
Please get in touch if anyone wants to chat
Thanks
Unfortunately I am one of many it seems that have placed orders and hefty deposits for a new vehicle - Chesil in my case
I was asked to top up the deposit only a couple of weeks ago - when they must have known things were going pear shaped -
I am keen to link in with anyone else who
Is in a similar position and determine if a joint legal challenge can be made - as subsidiary and common director companies are apparent and I can’t help but feel there has been mis representation
Please get in touch if anyone wants to chat
Thanks
Sorry for you..Hope it gets sorted
Arran2252 said:
Hi
Unfortunately I am one of many it seems that have placed orders and hefty deposits for a new vehicle - Chesil in my case
I was asked to top up the deposit only a couple of weeks ago - when they must have known things were going pear shaped -
I am keen to link in with anyone else who
Is in a similar position and determine if a joint legal challenge can be made - as subsidiary and common director companies are apparent and I can’t help but feel there has been mis representation
Please get in touch if anyone wants to chat
Thanks
Unfortunately I am one of many it seems that have placed orders and hefty deposits for a new vehicle - Chesil in my case
I was asked to top up the deposit only a couple of weeks ago - when they must have known things were going pear shaped -
I am keen to link in with anyone else who
Is in a similar position and determine if a joint legal challenge can be made - as subsidiary and common director companies are apparent and I can’t help but feel there has been mis representation
Please get in touch if anyone wants to chat
Thanks
Arran2252 said:
Hi
Unfortunately I am one of many it seems that have placed orders and hefty deposits for a new vehicle - Chesil in my case
I was asked to top up the deposit only a couple of weeks ago - when they must have known things were going pear shaped -
I am keen to link in with anyone else who
Is in a similar position and determine if a joint legal challenge can be made - as subsidiary and common director companies are apparent and I can’t help but feel there has been mis representation
Please get in touch if anyone wants to chat
Thanks
Have you seen the Westfield Support Group on Facebook? Unfortunately I am one of many it seems that have placed orders and hefty deposits for a new vehicle - Chesil in my case
I was asked to top up the deposit only a couple of weeks ago - when they must have known things were going pear shaped -
I am keen to link in with anyone else who
Is in a similar position and determine if a joint legal challenge can be made - as subsidiary and common director companies are apparent and I can’t help but feel there has been mis representation
Please get in touch if anyone wants to chat
Thanks
Om said:
https://westfield-sportscars.co.uk/
Mark Bowen of MB Insolvency was appointed as Administrator of Westfield Sports Cars Limited and Westfield Autonomous Vehicles Limited. Mark Bowen is licensed to act as an Insolvency Practitioner by the Insolvency Practitioners Association. The affairs, business and property of the Companies (in Administration) are managed by the Administrator, who acts as an agent of the Companies and without personal liability. Creditors can contact the Administrator’s office at information@mb-i.co.uk.
I would like to buy the Westfield 11 WIP and all tooling, moulds and related components.Mark Bowen of MB Insolvency was appointed as Administrator of Westfield Sports Cars Limited and Westfield Autonomous Vehicles Limited. Mark Bowen is licensed to act as an Insolvency Practitioner by the Insolvency Practitioners Association. The affairs, business and property of the Companies (in Administration) are managed by the Administrator, who acts as an agent of the Companies and without personal liability. Creditors can contact the Administrator’s office at information@mb-i.co.uk.
Please email coastpath500@gmail.com if you wish to sell this element of the business separately.
James Morgan
Orchard House
College Green
Tywyn
Gwynedd LL36 9BY
coastpath said:
Om said:
https://westfield-sportscars.co.uk/
Mark Bowen of MB Insolvency was appointed as Administrator of Westfield Sports Cars Limited and Westfield Autonomous Vehicles Limited. Mark Bowen is licensed to act as an Insolvency Practitioner by the Insolvency Practitioners Association. The affairs, business and property of the Companies (in Administration) are managed by the Administrator, who acts as an agent of the Companies and without personal liability. Creditors can contact the Administrator’s office at information@mb-i.co.uk.
I would like to buy the Westfield 11 WIP and all tooling, moulds and related components.Mark Bowen of MB Insolvency was appointed as Administrator of Westfield Sports Cars Limited and Westfield Autonomous Vehicles Limited. Mark Bowen is licensed to act as an Insolvency Practitioner by the Insolvency Practitioners Association. The affairs, business and property of the Companies (in Administration) are managed by the Administrator, who acts as an agent of the Companies and without personal liability. Creditors can contact the Administrator’s office at information@mb-i.co.uk.
Please email coastpath500@gmail.com if you wish to sell this element of the business separately.
James Morgan
Orchard House
College Green
Tywyn
Gwynedd LL36 9BY
Based on what you're trying to do, surely it would make more sense to contact the adminstators, that have been appointed to deal with the company, directly?
AlexRS2782 said:
coastpath said:
Om said:
https://westfield-sportscars.co.uk/
Mark Bowen of MB Insolvency was appointed as Administrator of Westfield Sports Cars Limited and Westfield Autonomous Vehicles Limited. Mark Bowen is licensed to act as an Insolvency Practitioner by the Insolvency Practitioners Association. The affairs, business and property of the Companies (in Administration) are managed by the Administrator, who acts as an agent of the Companies and without personal liability. Creditors can contact the Administrator’s office at information@mb-i.co.uk.
I would like to buy the Westfield 11 WIP and all tooling, moulds and related components.Mark Bowen of MB Insolvency was appointed as Administrator of Westfield Sports Cars Limited and Westfield Autonomous Vehicles Limited. Mark Bowen is licensed to act as an Insolvency Practitioner by the Insolvency Practitioners Association. The affairs, business and property of the Companies (in Administration) are managed by the Administrator, who acts as an agent of the Companies and without personal liability. Creditors can contact the Administrator’s office at information@mb-i.co.uk.
Please email coastpath500@gmail.com if you wish to sell this element of the business separately.
James Morgan
Orchard House
College Green
Tywyn
Gwynedd LL36 9BY
Based on what you're trying to do, surely it would make more sense to contact the adminstators, that have been appointed to deal with the company, directly?
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