Steam Traction World Updates

Current Update:

Letters sent to ModelWorks customers explaining the situation and asking if they would be willing to have SteamTractionWorld complete their models.

Flight to Ireland to speak with some of ModelWorks Irish customers face to face at Innishannon rally.

Registered new website and business name at Companies House.

Started discussions with potential investor to help fund our venture. Others investors sought.

Discussions opened for purchase of CNC machinery with ModelWorks Chairman.

Shown potential purchaser of whole business (loco's, clocks and vehicles) around the premises and explained the business concept. Our full support offered should a complete takeover be succesful.

Letters sent to Burrell batch 1 customers offering continued support in the future should we secure the future business. Also letters sent to International based customers explaining the situation.

Visit to Haas CNC to see modern machinery in operation plus visit to used tool dealer to compare prices and quality.

Latest News 11th June 2008:

New Website commisioned (in the hope we get the opportunity to start the business) - This will contain all models information, shopping cart for designs, individual parts and complete kits enabling them to be purchased online plus forum and gallery for customer support and feedback - Further information coming soon.

Discussions with ex MW's chairman for machinery still ongoing but progress has been made.

Certificate of incorperation receieved from Companies House and appointment with bank arranged for Tuesday 17th June with regard to opening a bank account.

Alternative premises viewed but still being sought.

Latest News 16th/17th June 2008:

Afternoon spent with administrator validating MW customer letters and claims plus checking stock.

Bank account opened.
Intial contact made with accountant / business advisor.

I have spent time talking with Steve at the recent Stapleford Park steam rally and now feel that great progress is being made towards a restart and I have given some assurance that there is a possibility of having a in-steam Foden by the time of the Bedford Steam rally in September.

Both Steve and Dean need all of us to give our full support to their new venture in whatever way we can.

I agree

Whatever the problems to date these guys need our support. Lets do whatever we can to get them on the road again.

Eric Lindsay
BATH UK

I endorse Eric's sentiments and will do what I can to help them, so that they can I hope in the not too distant future help us.

Augustrock

Latest News 23rd/24th June 2008:

Meeting with customer from New Zealand (here in UK not NZ!) in relation to his engines.

Further discussions regarding machinery and building, more progress made. Postive news announced hopefully by end of week / early next week.

Intial investor confirms pledge of funds to assist in management buy out.

Additional sum agreed from another interested party, bringing everything a whole lot closer to reality.

Further meeting with accountant / business advisor to fine tune proposals.

Repaired customers Likamobile while trying to tap him up for some funds!

Very pleased to hear that Sream traction world has now got a fire in its boiler!

Any word for us owners of Burrel 4inch kits please guys?

Hi Dean,
Very good news you have at last secured the business and wish you both all good fortune for the future. I wondered if you can now advise if we can purchase the A3 parts as in kit 17 that I understand are more or less ready. Also if it is unlikely that you will produce kit 18 can you advise the supplier of the dome and chimney so I can get them on order.

Kind regards Ian Dixon

Hi Ian,

We now have agreement in place with a purchaser for the 7.25" gauge business. Nothing is signed or paid for yet but an old fashioned gentlemans deal has been reached so when we pay the final payment to the administrator for the business at the end of this month, he can purchase it off us.

His purchase will include all the 7.25" loco's designs plus the A3/A4 kits in stock, spares and any work in progress. The gentleman in question is an A4 customer with his own engineering firm and should be in touch in the near future.

I believe this is in the best interest of everyone.


Regards

Dean

Further to earlier posting on potential sale of 7.25" loco side
Now that the "end of the month" (June) has passed is there any progress to report?
I have a few parts missing from some of the A4 kits and would prefer to purchase from stock if poss.

Hi Dean/Steve,

Is there any news of a buyer for the 5" loco side of the business, I know there is an offer for Duchess customers to visit the factory and buy what there is of what was to be the next kit out, I was kind of holding back first to see if a buyer came forward and secondly to to make the Duchess visit and Burrell boiler collection happen at the same time

Sorry about the delay in replying, Steve and I have just returned from the Pickering rally so have not had access to a pc.

The person interested in the 5" gauge business has been in touch and is still keen. He has asked us to do a basic stock take so he has a better understanding of what he would be purchasing. This we both intend to try to do this week (when i really don't know as i untend to be back on a machine full time from tomorrow). As soon as this has been completed he has given us the impression he will make us an offer.

As soon as i know anything concrete it will be added to the forum.

All the best

Dean