JohnD Posted October 23, 2020 Report Share Posted October 23, 2020 Came across this via 'another place', where it is suggested that this represents the residue of a notorious Triumph restorer's bankruptcy. If anyone suffered there, they may recognise their own parts! https://www.bidspotter.co.uk/en-gb/auction-catalogues/timed/eddisons/catalogue-id-eddiso10876?archivesearch=False&page=1&fbclid=IwAR1ONGomW1gA0phEO-V4GmAIXPH8HN8OK1gEP7JVl0X_tkDEHR0NfTl0q2w#lot-dbc6b734-f4cd-48f0-a90d-ac5a010cb540 John Link to comment Share on other sites More sharing options...
Colin Lindsay Posted October 23, 2020 Report Share Posted October 23, 2020 29 minutes ago, JohnD said: Came across this via 'another place', where it is suggested that this represents the residue of a notorious Triumph restorer's bankruptcy. Sounds ominous! I'd love half an hour going through those boxes, though. Sort of a 'Supermarket Sweep' type of thing... Link to comment Share on other sites More sharing options...
Gary Flinn Posted October 23, 2020 Report Share Posted October 23, 2020 Wow! Never seen so much Triumph stuff? I remember seeing this company showing off a cracking Silver Grey TR6 at the Lincoln TSSC/TR International in 2016. Gary Link to comment Share on other sites More sharing options...
Paul H Posted October 23, 2020 Report Share Posted October 23, 2020 I wonder if there are still letters in the post box 😱 whats the name of the company ? Paul Link to comment Share on other sites More sharing options...
steveweblin Posted October 23, 2020 Report Share Posted October 23, 2020 I wonder what has happened to the moulds etc from the plastic body Spitfire T6? Link to comment Share on other sites More sharing options...
steveweblin Posted October 23, 2020 Report Share Posted October 23, 2020 12 minutes ago, Paul H said: I wonder if there are still letters in the post box 😱 whats the name of the company ? Paul The auction is of S&M Ltd stuff according to the website listing. 1 Link to comment Share on other sites More sharing options...
RogerH Posted October 23, 2020 Report Share Posted October 23, 2020 Interesting !! - I'm sure I posted a reply in response to JohnD's post. It appears to have disappeared. Or did I not press 'enter' Roger Link to comment Share on other sites More sharing options...
Roger Posted October 23, 2020 Report Share Posted October 23, 2020 Not often we can buy cylinder heads or crank shafts and the quantity is measured in ”pallet of...” Wish I lived in the UK Link to comment Share on other sites More sharing options...
Clive Posted October 23, 2020 Report Share Posted October 23, 2020 18 minutes ago, steveweblin said: I wonder what has happened to the moulds etc from the plastic body Spitfire T6? moved to a different company ownership I expect. It is what LTD companies do...... Or it becomes personally owned by the directors. Funny how many companies go under, and then the directors set up either another company, or if barred, sole traders doing exactly what they did before, with stock "removed" from the company. Link to comment Share on other sites More sharing options...
Paul H Posted October 23, 2020 Report Share Posted October 23, 2020 4 minutes ago, clive said: moved to a different company ownership I expect. It is what LTD companies do...... Or it becomes personally owned by the directors. Funny how many companies go under, and then the directors set up either another company, or if barred, sole traders doing exactly what they did before, with stock "removed" from the company. Looks like it’s S&M Classics ltd now Paul Link to comment Share on other sites More sharing options...
KevinR Posted October 23, 2020 Report Share Posted October 23, 2020 Doing a bit of digging, it is the stock from S&M TRIUMPH RESTORATION LIMITED, Triumph House, Rand, Market Rasen, LN8 5NS, (Matthew Lambkin-Smith) Link to comment Share on other sites More sharing options...
KevinR Posted October 23, 2020 Report Share Posted October 23, 2020 2 minutes ago, Paul H said: Looks like it’s S&M Classics ltd now Paul I suspect that the T6 moulds are now owned by S&M T6 TRIUMPH SPITFIRE LE MANS LTD Link to comment Share on other sites More sharing options...
RogerH Posted October 23, 2020 Report Share Posted October 23, 2020 There have been many TR and other Triumph owners damaged both financially and mentally by these folk. I would suggest not to go near them. Roger 1 Link to comment Share on other sites More sharing options...
Clive Posted October 23, 2020 Report Share Posted October 23, 2020 Roger, if they are bankrupt stock (big if) then it is teh liquidators selling it. To get monies back to repay the debters, not the old owners. Entirely possible people will want to buy their own parts that were "stolen" by the company. Galling but may be the only way forward to getting cars back on the road. Link to comment Share on other sites More sharing options...
RogerH Posted October 23, 2020 Report Share Posted October 23, 2020 Hi Clive, quite right. It is a very sad episode. Having scratched my head all day, it would appear that I didn't press enter on an earlier post - doh!!! Roger Link to comment Share on other sites More sharing options...
steveweblin Posted October 23, 2020 Report Share Posted October 23, 2020 S&M TRIUMPH RESTORATION LIMITED went to members voluntary liquidation 14/11/2018 according to companies house. This is old news see https://www.tr-register.co.uk/article/2018/11/0166/SM-Triumph-Restoration-Ltd-enters-liquidation The auction is said to be on behalf of an Administrator acting on holdings of S & M Ltd. I can not find either "Holdings of S & M Ltd" or "S & M Ltd" listed. So the business would appear to have failed again but not not sure what it name it was actually registered under.... S&M T6 TRIUMPH SPITFIRE LE MANS LTD is currently listed as an active company. However the T6 moulds are in the auction item 20. Link to comment Share on other sites More sharing options...
steveweblin Posted October 23, 2020 Report Share Posted October 23, 2020 More searching found it. HOLDINGS S&M LIMITED Company number 11443748 The Administrator appointment and notice of proposals tell the story: https://find-and-update.company-information.service.gov.uk/company/11443748/filing-history/MzI3MzMwNzY3OWFkaXF6a2N4/document?format=pdf&download=0 Link to comment Share on other sites More sharing options...
RogerH Posted October 24, 2020 Report Share Posted October 24, 2020 That proposal of notice makes very interesting reading. I wonder if the administrator realises he is being hoodwinked or perhaps it is part of the way it works. Roger Link to comment Share on other sites More sharing options...
Clive Posted October 24, 2020 Report Share Posted October 24, 2020 1 hour ago, RogerH said: That proposal of notice makes very interesting reading. I wonder if the administrator realises he is being hoodwinked or perhaps it is part of the way it works. Roger it seems companies go into liquidation for a few reasons. 1. The genuinely fall on hard times and debts overcome the company 2. As above, but personal sudden changes 3. The company director fleeces the assets and grabs everything they can, essentially saying "stuff you" to all the customers who may have goods owing (or in the case of this cars being restored). This sort of liquidation is horrendous for everybody except the directors, and the directors hide behind the LTD company keeping all their assets. I am sure it is more complicated than that, but it seems to be happening at the moment. Beware anybody having work done on a car, if it is in a workshop when the company liquidates, at best you may get what's left of your car back. Less everything that has been removed etc. Galling to say the least. (yes, that is what appears to have happened to more when a more respected trader/garage liquidated recently) Link to comment Share on other sites More sharing options...
Anglefire Posted October 24, 2020 Report Share Posted October 24, 2020 Not sure I like the idea of V5's being up for sale. Sounds very dodgy to me! Link to comment Share on other sites More sharing options...
Anglefire Posted October 24, 2020 Report Share Posted October 24, 2020 Oops, do seem to include the car in bits....... Link to comment Share on other sites More sharing options...
Paul H Posted October 24, 2020 Report Share Posted October 24, 2020 The DVLA advises that, should you find any V5Cs being offered for sale on eBay, or any other similar websites, e-mail cio.vehicles@dvla.gsi.gov.uk with the item/auction number, so that it can look into the issue and take further appropriate action, if necessary. Paul Link to comment Share on other sites More sharing options...
RogerH Posted October 24, 2020 Report Share Posted October 24, 2020 I think all the V5's in this auction do have some car with it. Roger Link to comment Share on other sites More sharing options...
thescrapman Posted October 24, 2020 Report Share Posted October 24, 2020 It looks like the main creditor is HMRC. That perhaps changes the complexion of what is happening. Nobody has a higher claim to anything than HMRC can. I can not see that the administrator will be selling anything that has a claim on it, as owners can see what is on offer and will have contacted him with proof of ownership. Or are we saying the administrator is denying all legitimate claims and pressing ahead? He does have to get as much as possible for the taxman. I have been told that there are certain people trying to dissuade potential buyers so they can mop up lots at bargain prices. Possible I suppose. Link to comment Share on other sites More sharing options...
PeteH Posted November 2, 2020 Report Share Posted November 2, 2020 In 1991, My computer was in the hands of the supplier for "Warranty" work. Hard drive had failed. The company went bust and I duly made a claim, And a Claim against my household insurance too. In total I got £99 from the insurance after my £50 "excess". And in 2001 a cheque for 21pence as my part of the final disbursement!. Pete. Link to comment Share on other sites More sharing options...
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