[Doug Holloway]

Hi Guys

I have been given information which shows Solution UK applied for voluntary liquidation on the 16 th of April.

This may mean that any warranties are invalid.

Has anyone heard anymore on this ?

Cheers

Doug

[Ken Wainwright]

I can't respond exactly to the question Doug, but from my conversations with both Nick Vousden White and John Gott prior to the new business arrangement, I'm of the opinion that the new business is taking on all the trading obligations of the former Solution UK.

A good example is the forthcoming 3 day IICRC Rug Cleaning Course.  I, like most others, paid for this course to the former Solution UK. All obligations to the course and the delegates are still being met.

Further, I can't imagine that Cross American would still be as enthusiastic as ever to continue their working relationship with the new company if their brand was tarnished in any way with the new company structure.

Just my view.

Safe and happy cleaning
The Ken

[Doug Holloway]

Hi Ken

Presumably the debts are being written off, otherwise there would be little point in liquidation.

It would be useful if someone within the new organisation would clarify the new companies position, as we were initially led to believe that it was a coming together of like minded people, although the grapevine indicated Solutions was going bust.

I understanfd there have been problems in getting parts for the Scorpion from the US, was this linked to the impending liquidation ?

There are a lot of questions which old and prospective customers would want answered and an honest clarification would be in CC's interest.

Cheers

Doug

[Joe H]

Back on the 18th March when he announced the merger with Hydramaster, Nick signed himself as "Chairman & Managing Director Solutions ( Cornwall) Ltd" on the bottom of a post on Cleantalk.

I just had a cheque returned payable to Solutions UK Ltd  - should have been payable to Solutions (Cornwall) Ltd.

[Doug Holloway]

Hi Guys

Just had a good chat with Nick who has confirmed that Solution Cornwall Ltd has bought the assets of Solution UK and that all warranties will be 100% honoured.

Nick was very clear on this and that is good news for all concerned.

Hydramaster (John Gotts) have a 40 % stake in the new company and Steve Carpeneter is also a director.

Cheers

Doug

[Mike Halliday]

one company goes and another starts up with the same  people and a slightly different name.

how many times have I seen that on BBC1 Watchdog : :

[Doug Holloway]

Hi Mike

The directors are slightly different in that John Bolton is no longer one.

The counter argument is that this system allows entrepreneurs to fail but still ultimately succeed in creating wealth, the essence of capitalism.

Cheers

Doug

[richy27]

personally i believe that when a company goes into voluntary liquidation debts are written off and then restarted under dif name is morally wrong and makes a mockary of business. at the end of the day a debt is a debt. and even in some cases directors actually walk away with vasts sums of what should be others hard earned cash.

So what was the talk of hydramaster goin in with solutions is this no longer or are we about to see a buy out

[clinton]

Not an honest way really :

[markpowell]

Exactly my thoughts Clinton, its a joke. Make no wonder the country is in the state its in.
Mark

[Mike Osbourne]

What about all the creditors, will they be paid?

If a company starts up with the same directors and buys the old company assets at a knock down price then if not illegal in my book it's immoral.

Say you did a commercial job and they did the same leaving you a few grand down yet effectively starting over I know what I'd want to do to them.

[robert meldrum]

We lost about £3k recently when a training provider stopped trading under rules which allowed the assets to be transferred without the liability.

This is a very attractive way of " another " taking over an existing business allowing the " outgoing " directors to retain their ill gotten gains and the " incoming " people to get an existing business on the cheap.

Don't have the details .....................but in our case we got nothing back and a new provider has to be found to take on our managers who are about one third of the way through the course.

Our loss is about £2k and there is nothing available for creditors

The liquidators fee was £7000 !!!!!!!!!!!!!

Not suggesting this scenario is what's happened at Solutions

remember the term........it's called " prepack "

[Neil Williams]

one company goes and another starts up with the same  people and a slightly different name.

Got to say I'm not very comfortable with this and as someone who has recently forked out a large enough amount of money on the Scorpian I would like some assurances on service and warantee issues.
So you re-name the business, keep the assetts but write off the debts. So who has been dumped on by Solutions?

[1 man band]

WHEN THE ONE MAN BANDS GO UNDER WE OWE PENNIES; WHEN THE BIG BOYS GO THEY OWE THOUSANDS, SO DO THESE BIG BOYS LIVE BEYOND THERE MEANS
HOW DO YOU GO BANKRUPT, DO YOU SPEND ALL THE MONEY YOU MAKE AND WORRY ABOUT IT LATER, AND TELL EVERYONE WHAT A GREAT MAN/ OR WOMEN YOU ARE, DO YOU BUY BIG HOUSES, FLASH CARS ,NICE HOLIDAYS.YEA YOU DO ; WELL I GOT NO SYMPATHY FOR ANYONE ONE THAT OWES MONEY AND DONT PAY THERE DEPTS, I ALLWAYS PAY MINE SO FECK UM ALL THE WHOLE LOT OF UMM

[Mike Osbourne]

I suspect they didn't have as much capitals as you.

[1 man band]

WELL FECK YOU TOO SHY TED

[Neil Grainger]

USed Car dealers do it all the time, having met Nick once he would do well in that business me thinks.

[1 man band]

WELL SAID THAT MAN

[will01]

1mb:

Ru ped?

[Ian Rochester]

We got stung towards the end of last year for over £1000 by a building company who did exactly the same as what Solutions appear to have done, we got a letter saying that they had gone into liquidation, got letter stating all creditors, total owing £719,000 !!!

They are now back up and trading again under a name that looks very similar but with a couple of letters changed around.  The 2 directors are still driving their Audi A5's !!   P!ssed off ........... just slightly, I'll never deal with them again.