**Important Announcement**
+10
Tim Watson
cheshire flyer
Steel Steam
BUNGLE
augustrock
Vapor
tef 20
hharrop
Ian
Steam Traction World
14 posters
Page 1 of 1
**Important Announcement**
Hi All,
We are pleased to announce that we have been informed today that we've been succesful in the purchase of the IPR and assets of ModelWorks. (subject to contract and us paying!)
Although we are both now poohing ourselves (to put it politely), we are looking forward to the challenge and finishing the engines that, you guys (and girls), have part completed. We are also in discussions with a couple of individuals who have expressed an interest in aquiring the loco side of the business. One is interested in the 7.25" loco's and the other is interested in the 5" loco's. (No promises but fingers crossed).
We hope to call or write to all vehicle customers shortly explaining our intentions and what we have planned.
Our main priority at the minute is to entice 3 of the ex MW's staff to join us. If we are successful we plan, short term, to complete the manufacture of 2" Burrell boilers, finish machine the Foden crank shafts and start the machining of the Foden cylinders. This hopefully will generate enough working capital to enable us to purchase raw materials for future kits.
Everything will be explained in more detail in our next correspondence.
Finally we would like to thank everybody for the support given. We would especially like to thank 3 ModelWorks customers (who would like to remain annonymous) who without their help and financial assistance this would not have been possible.
Dean & Steve
We are pleased to announce that we have been informed today that we've been succesful in the purchase of the IPR and assets of ModelWorks. (subject to contract and us paying!)
Although we are both now poohing ourselves (to put it politely), we are looking forward to the challenge and finishing the engines that, you guys (and girls), have part completed. We are also in discussions with a couple of individuals who have expressed an interest in aquiring the loco side of the business. One is interested in the 7.25" loco's and the other is interested in the 5" loco's. (No promises but fingers crossed).
We hope to call or write to all vehicle customers shortly explaining our intentions and what we have planned.
Our main priority at the minute is to entice 3 of the ex MW's staff to join us. If we are successful we plan, short term, to complete the manufacture of 2" Burrell boilers, finish machine the Foden crank shafts and start the machining of the Foden cylinders. This hopefully will generate enough working capital to enable us to purchase raw materials for future kits.
Everything will be explained in more detail in our next correspondence.
Finally we would like to thank everybody for the support given. We would especially like to thank 3 ModelWorks customers (who would like to remain annonymous) who without their help and financial assistance this would not have been possible.
Dean & Steve
Last edited by Steam Traction World on Mon 30 Jun 2008, 7:38 pm; edited 1 time in total
Re: **Important Announcement**
Well done guys
Ian- Number of posts : 113
Age : 68
Location : Daventry
Registration date : 2008-06-30
Re: **Important Announcement**
Great news, Every sucess
hharrop- Number of posts : 7
Location : Sutherland Forsinard
Registration date : 2008-06-17
Re: **Important Announcement**
Thats great new dean and steve
I wish you all the best and hope it all works out for you.
Dean thanks for the phone call the other day. (mark from traction talk)
cheers
mark
I wish you all the best and hope it all works out for you.
Dean thanks for the phone call the other day. (mark from traction talk)
cheers
mark
tef 20- Number of posts : 161
Location : Livingston 4 " Burrell
Registration date : 2008-06-19
Re: **Important Announcement**
Hi Steve + Dean,
That is good Very news, I wish you both every sucess in this venture.
Ian
That is good Very news, I wish you both every sucess in this venture.
Ian
Vapor- Number of posts : 383
Age : 113
Location : Isle of Wight (2" Burrell & 5" Duchess ex MW)
Registration date : 2008-06-18
Important announcement
Steve and Dean.Extremely well done. Every good wish for success in the future.
Now we can look forward again to completion of our projects.
All the best,
Augustrock alias Peter Chance.
Now we can look forward again to completion of our projects.
All the best,
Augustrock alias Peter Chance.
augustrock- Number of posts : 29
Location : Andover Hampshire
Registration date : 2008-06-19
Re: **Important Announcement**
THATS VERY GOOD NEWS GUYS
ALL THE BEST
WILL TALK SOON
BRUCE
ALL THE BEST
WILL TALK SOON
BRUCE
BUNGLE- Number of posts : 232
Age : 65
Location : HERTS (2" BURRELL)
Registration date : 2008-06-17
Important Announcement
Well done and congratulations Dean and Steve. I know what you have been through to get to this point and am amazed at what you have managed to achieve in such a relatively short time.
GGOD LUCK with the next phase!
David Steel.
GGOD LUCK with the next phase!
David Steel.
Steel Steam- Number of posts : 20
Location : East Hampshire - 4" Burrell (batch 2)
Registration date : 2008-06-19
Important announcment
Hi Dean and steve Great news well done its fantastic what you have managed to achieve in the short time (theres a roll of a andrex on the way as your first kit) all the best keith
cheshire flyer- Number of posts : 4
Location : Dorset (Foden )
Registration date : 2008-07-02
Management buy out
Well done both! Good luck!
Tim
Tim
Tim Watson- Number of posts : 585
Location : Herts
Registration date : 2008-07-02
Important announcement
I concur with others in congratulating you both and look forward to progressing the model again
Agricola- Number of posts : 12
Age : 78
Location : Pickering
Registration date : 2008-07-02
Rising from the ashes
Well done, I wish you both every success. We'll be at Dorset this year so will probably see you there if not before.
Steve
Steve
Steve Traill- Number of posts : 800
Age : 67
Location : Illogan Redruth Cornwall
Registration date : 2008-06-29
Steaming in to the future
Like everyone else I would like to thank Steve and Dean on their valliant efforts to save the business.
I wish you all the best and look forward to seeing you at Guildford.
I wish you all the best and look forward to seeing you at Guildford.
Wurzel- Number of posts : 8
Location : Hampshire. (GWR 14xx)
Registration date : 2008-07-04
Re: **Important Announcement**
Great news indeed - good luck with the continuing adventure.
By the way, what is happening about the clock side of the business. That is my peronal interest, having a half completed Congreve Clock.
Cheers
Mark
By the way, what is happening about the clock side of the business. That is my peronal interest, having a half completed Congreve Clock.
Cheers
Mark
mark_1984- Number of posts : 2
Location : Surrey
Registration date : 2008-07-08
Re: **Important Announcement**
Hi Mark,
As with the 7.25" locomotive business, we have now also found a purchaser for the clock business. Only the 5" gauge locomotives to finalise now and then all being well all the MW's customers with part finished engines etc will be able to complete their projects.
Regards
Dean
As with the 7.25" locomotive business, we have now also found a purchaser for the clock business. Only the 5" gauge locomotives to finalise now and then all being well all the MW's customers with part finished engines etc will be able to complete their projects.
Regards
Dean
5" Locomotives
Steam Traction World wrote:Hi Mark,
As with the 7.25" locomotive business, we have now also found a purchaser for the clock business. Only the 5" gauge locomotives to finalise now and then all being well all the MW's customers with part finished engines etc will be able to complete their projects.
Regards
Dean
Hi Dean, do you have any news for us 'guys and gals' that are building 5" loco's? I'm currently 1/2 way through completing my GWR 14xx and dreaming of the day when it steams off round my garden!
Regards
Allan
Wurzel- Number of posts : 8
Location : Hampshire. (GWR 14xx)
Registration date : 2008-07-04
Re: **Important Announcement**
Hi Allan,
We are in discussions with a couple of individuals who have expressed an interest in aquiring the 5" gauge loco designs and stock. These are in the early days though and we can't make no promises at the minute. It is not our intention to complete the loco's as we just do not have the manpower or financial resource.
We are currently going through the stock that we've have purchased, (in particular the 14xx and 57xx) and hope to be in touch with these customers soon with an update of what we could supply to make completion that little bit closer. For example there are half a dozen boilers for those who need one plus another half a dozen boilers that only require assembling (they have been punched, formed, tubes are cut etc), these could be offered to the guys/girls who have the ability to put them together. Again there are other kits where 80% is available and again these could be made available. Once we know what stock we have then as long as you were a MW's customer and on their database then we will be in touch.
Best Regards
Dean
We are in discussions with a couple of individuals who have expressed an interest in aquiring the 5" gauge loco designs and stock. These are in the early days though and we can't make no promises at the minute. It is not our intention to complete the loco's as we just do not have the manpower or financial resource.
We are currently going through the stock that we've have purchased, (in particular the 14xx and 57xx) and hope to be in touch with these customers soon with an update of what we could supply to make completion that little bit closer. For example there are half a dozen boilers for those who need one plus another half a dozen boilers that only require assembling (they have been punched, formed, tubes are cut etc), these could be offered to the guys/girls who have the ability to put them together. Again there are other kits where 80% is available and again these could be made available. Once we know what stock we have then as long as you were a MW's customer and on their database then we will be in touch.
Best Regards
Dean
Similar topics
» * IMPORTANT * REGARDING DEAN!!
» IMPORTANT ANNOUNCEMENT - WILL AFFECT ALL CURRENT CUSTOMERS - PLEASE READ!!
» KIT PAYMENT - PLEASE READ - IMPORTANT FOR EVERYONE
» KIT PAYMENT - PLEASE READ - VERY IMPORTANT FOR EVERYONE
» New Terms and Conditions - IMPORTANT CHANGES
» IMPORTANT ANNOUNCEMENT - WILL AFFECT ALL CURRENT CUSTOMERS - PLEASE READ!!
» KIT PAYMENT - PLEASE READ - IMPORTANT FOR EVERYONE
» KIT PAYMENT - PLEASE READ - VERY IMPORTANT FOR EVERYONE
» New Terms and Conditions - IMPORTANT CHANGES
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|