Electric Maserati conversion…. a cautionary tale!

kimgoblin

New Member
Messages
15
Hello everyone, after some deliberation I feel a need to confess my evil plans to the forum. Before you throw your hands up in horror at the sacrilige I planned can I start by saying that just like you all I love maserati‘s. I am on my 3rd now initially having had a 3200 AC as my everyday driver for 9 years ( you don’t need me to describe the mixture of pleasure and pain that entailed ) I adored that car and would probably still be enduring and enjoying it if the car had not been written off after a rear end shunt - my best friend driving the car that hit me! That was followed by a 4200 which again was my daily driver for a further 2 years before being drowned by me driving it into flood water on a pitch black rainy night on an isolated country road. Owning the 4200 had been pretty painful as it had an intermittent electrical fault where it would cut out suddenly whilst driving requiring me to get out,turn the boot master switch off then on again before being able to drive it again. Repeated trips to the excellent team at Shiltech and even 6 weeks back with Maserati at Graypaul failed to identify the problem and driving the car was a nerve wracking experience especially after it died crossing a junction one morning on the school run. My wife also hated it in part due to the unreliability but also objecting to the V8 roar which we so love and was very self conscious when driven in it which took away a lot of the fun. There was also the nagging environmental concern regarding emissions and I eased my conscience by offsetting my mileage which I know is not really a solution but made me feel a bit better.After the car was written off I began to wonder whether there may be a way to make one more reliable greener and also quieter. The possibility of converting one to electric came to mind ( no emissions, silent and fewer moving parts to go wrong ) and once I’d got the idea into my head I couldn’t get rid of it. After a couple of years of plotting saving up and investigating I found a specialist company called Falcon Electric in Derbyshire who had the expertise to carry out the conversion. (They had a contract with AC cars and carried out electric conversions of their cobras)- I visited their impressive site and saw at least a dozen beautiful cobras wrapped in bubble wrap awaiting conversion and several already partway through the conversion process.
Earlier this year I tracked down a beautiful black 4200 with only 56K on the clock and a good service history. The car drove brilliantly and I was really conflicted about whether to proceed but decided this summer to go ahead and took the plunge . The car was stripped down by Shiltech and shipped across to Falcon where the engine bay was 3D mapped to determine layout of the battery boxes and motor. The spec for the car was to be pretty impressive with amazing acceleration and at least maintaining if not exceeding usual 4200 top speed with a range of 300 miles and a rapid charging facility to ensure 75% charge after 45 minutes. Some high tech bespoke electrical equipment communicated with the various CANBUS systems of the car giving feedback that everything was working normally preventing error lights and limp mode. However a month into the conversion I received an email informing me that Falcon were ceasing to trade and inviting me to collect my car and any parts that were on site. I had already paid for all the hardware up front (a lot of money- enough to buy 3 4200’s which had taken me 3 years to save up) and had received a series of emails from Falcon confirming arrival of all of my parts. I arranged for the car to be collected and went over myself to discuss things with their director. The story was that a couple of their largest creditors had gone bankrupt which in turn made them no longer viable and the bank had pulled the plug . I was assured that all my parts would be delivered to me before the end of October when the administrator were due to take charge of their assets . - I was unable to collect them there and then as they were stored at their warehouse off site apparently due to a fire risk the stored batteries posed. Perhaps I should have been suspicious at that point but they seemed genuine and it all seemed very plausible and I had no real reason to doubt then
. As you may be starting to suspect things did not go as they had promised, no parts arrived and my calls and emails went unanswered . I was starting to get pretty anxious and hired a van and drove over to Falcon having sent an email a couple of days earlier stating I was coming to collect my parts .I arrived to find the place abandoned, all Falcon signs and logos removed , a stack of packages on their doorstep awaiting collection and no sign of my parts! I received an email later that day informing me to email them details of my car so that “a credit could be raised against it” and all subsequent attempts to progress things further have been fruitless. I sought legal advice and was advised to contact Companies House , get the details of the official receivers and pursue them directly but Companies House had no record that they had ceased trading and still lists them as an ” active” company. It has investigated and been unable to provide me any details regarding the administrators at all. I am left with a stripped out Maserati and none of the parts needed to progress the conversion which is something of a nightmare. I’m really not sure how to proceed but the legal advice that I initially received confirmed that the parts are my property and not assets of Falcon’s and should not be disposed of to settle any of their debts. Possession however is 9 tenths of the law as the saying goes and they possess the parts so Im not feeling too optimistic. I plan to seek further legal advice this week but have as Han Solo was so fond of saying “ a really bad feeling about this” I just thought I’d share the story with you and see if anyone out there had any wise words of advice - other than if it ain’t broke don’t try to fix it !
Kim
 

Wattie

Member
Messages
8,640
I can understand your conversion idea. With the new car coming in at circa £200k I can imagine a few thinking I’ll buy an old GT etc and stick some batteries etc in it for a considerable saving.
Sorry to read that your ”dream” has become a “nightmare”. Hopefully someone on here can give you some pointers that may assist you.
Ill keep my fingers crossed for you.
 

Oneball

Member
Messages
11,131
Can’t help you with your problem but if you get financial recompense you may have escaped. The DVLA seem to have started to clamp down on electric conversions, de-registering them and making them go through IVA as a new/modified car.
 
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mjheathcote

Centenary Club
Messages
9,046
Sounds strange, you don't have an administrator planned from a certain date, they are either trading or under administration, nothing in the middle.
It sounds like they are in receivership if all closed up.
It is worrying if no details of the receivers are available.
This is so stressful for you.
 

Scaf

Member
Messages
6,626
Sorry to read about your troubles and I hope your get your parts back and the car converted as per your plan.
 

Tallman

Member
Messages
1,840
If you can’t get right, you always have the option of sticking the engine back in again..I know it’s not what you wanted but you will at least be able to sell it.
 

Ewan

Member
Messages
6,835
Do you know who manufactures any of the parts? If so, can you contact them to see if they ever supplied them to Falcon and were paid for them? Maybe they’ve already been there to reclaim goods not paid for? Just a thought.
Sorry to hear of this story. Such a horrid situation to find yourself in.
 

Ewan

Member
Messages
6,835
There can’t be many people with the name Adam Heavens (the sole company director). Pay him a (friendly) visit. If he’s not answering calls/emails, the doorstep approach might work. He may well a perfectly nice and honest person willing to help as best he can.
 

zagatoes30

Member
Messages
21,028
Doesn't sounds good news on the company front on the other hand I can see how electric conversions can work for some people. Hope it works out more positively than it currently sounds
 

CatmanV2

Member
Messages
48,915
Sounds strange, you don't have an administrator planned from a certain date, they are either trading or under administration, nothing in the middle.

Yeah, this screams as wrong. Also
legal advice that I initially received confirmed that the parts are my property and not assets of Falcon’s and should not be disposed of to settle any of their debts

While I am not a lawyer, unless you have an invoice with the parts specified, I think this is unlikely as well.

Curious:

range of 300 miles and a rapid charging facility to ensure 75% charge after 45 minutes.

Your spec as what you wanted, or what they promised to deliver? Again I'm no expert on EV cars but that seems rather better than what I hear bandied around from the big boys with millions of pounds of research. Or am I hopelessly behind the times? Again?

A sad tale and I hope it works out well in the end.


C
 

GeoffCapes

Member
Messages
14,000
A guy I worked for (who still owes me 5 grand) did this with his company. Instead of going bankrupt (costs quite a bit of money). The company just disappears, but remains 'active' according to companies house.

Then after about a year or 2 relocates to some random PO Box in the middle of nowhere and then closes the business down with no creditors able to get their money.
The director then just reopens another company (if he hasn't already) and carries on.

All perfectly legal, even though to me, it's fraud.
 
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Black Mazerati

Junior Member
Messages
40
Yeah, this screams as wrong. Also


While I am not a lawyer, unless you have an invoice with the parts specified, I think this is unlikely as well.

Curious:



Your spec as what you wanted, or what they promised to deliver? Again I'm no expert on EV cars but that seems rather better than what I hear bandied around from the big boys with millions of pounds of research. Or am I hopelessly behind the times? Again?

A sad tale and I hope it works out well in the end.


C

1st to the original poster a big OUCH!

From what little I know about electric cars this sounds like a big pipe dream. Just common sense tells me there is no way they can put a battery in a 4200 that will give you the same top speed with a 300 mile range. Think about the layout of an electric car. Most have the batteries incorporated into the floor...the lowest part of the car. Those batteries are heavy as dog pooh and I can't imagine what it would do to the center of gravity if they dump all that weight where they could put a battery(ies) in a 4200.

I know it's nice to be different but for less money I would go after a Tesla. I had one playing with me a few weeks ago. That's a wicked looking car and while easily staying on my *** with the pedal to the metal, I'm sure the owner had that smirky grin on his face wishing he had a place to fly by me like he had been fired out of a grenade launcher! I took of from a start hard and he easily closed a tenth of a mile or more gap between us in a second or 2.
 

lifes2short

Member
Messages
5,863
A guy I worked for (who still owes me 5 grand) did this with his company. Instead of going bankrupt (costs quite a bit of money). The company just disappears, but remains 'active' according to companies house.

Then after about a year or 2 relocates to some random PO Box in the middle of nowhere and then closes the business down with no creditors able to get their money.
The director then just reopens another company (if he hasn't already) and carries on.

All perfectly legal, even though to me, it's fraud.

thought the government were clamping down on directors acting in this way, especially when clearly fraudulent activity ??
 

lifes2short

Member
Messages
5,863
I don't know if anything has changed in the 11 years since it happened to me?

i thought there were exceptions as noted in below extract

"A director or non-executive director may become personally liable if –

  • The director entered into a contract and did not make it clear that he was doing so on behalf of the company
  • The director made representations that he would be personally responsible
  • The director made fraudulent or negligent misrepresentations in the course of negotiating a contract
  • The director made a false statement as to the affairs of the company with the intent of deceiving shareholders or creditors of the company – s.19 the Theft Act 1968
  • The director dishonestly made representations which were untrue or misleading when he ought to have known this when making those representations - Fraud Act 2006
  • The director continued to trade after it became clear that the company could not pay its debts to supplies and creditors and worsened the company's finances – the directors then open themselves up to claims for wrongful trading against them personally and they could be disqualified from acting as a directors again
  • The director is defrauding creditors
It is important you act quickly especially as we may need to freeze assets."
 

GeoffCapes

Member
Messages
14,000
i thought there were exceptions as noted in below extract

"A director or non-executive director may become personally liable if –

  • The director entered into a contract and did not make it clear that he was doing so on behalf of the company
  • The director made representations that he would be personally responsible
  • The director made fraudulent or negligent misrepresentations in the course of negotiating a contract
  • The director made a false statement as to the affairs of the company with the intent of deceiving shareholders or creditors of the company – s.19 the Theft Act 1968
  • The director dishonestly made representations which were untrue or misleading when he ought to have known this when making those representations - Fraud Act 2006
  • The director continued to trade after it became clear that the company could not pay its debts to supplies and creditors and worsened the company's finances – the directors then open themselves up to claims for wrongful trading against them personally and they could be disqualified from acting as a directors again
  • The director is defrauding creditors
It is important you act quickly especially as we may need to freeze assets."

Basically it's the same as when it happened to me. All the company has to say is that it has no money.
Then it's down to a creditor to make the company bankrupt. The director then leaves his post, and someone else (friend of family member) takes over and you've got no-one to pin the blame on.
 

lifes2short

Member
Messages
5,863
Basically it's the same as when it happened to me. All the company has to say is that it has no money.
Then it's down to a creditor to make the company bankrupt. The director then leaves his post, and someone else (friend of family member) takes over and you've got no-one to pin the blame on.
thats crazy, fair enough if a ltd company genuinely gets in to difficulties but some just take the **** and simply re open under the virtually the same name again