SK performance in Bolton goes into liquidation 40 cars seized

[Phil the Brit]

If they sold it before they went under, it should be documented in their accounts with money received from the purchaser. If they sold it and the money is not received in their company accounts, it's surely theft? The liquidators should know one way or another?

Either way doesn't help the owner much!

 

[rossyl]

Are you ******* kidding me?

You expect Dicky to put details of a "suspect" dealer on a public forum to warn everyone away from them even in "cryptic message" form? Can you imagine what would happen if all dealers did this on a feeling or hunch they got from a visit?

As Mike says "A sure thing to put a dealership under would be an assumption made public by another dealer" and would also be Libel if found to be an untrue statement.

In your words "Maybe something to think of in future"?

Calm down Phil It turns out that Dicky already did the equivalent of this and warned MaserMark, unfortunately he wasn't able to get his car out in time. So it was hardly a bizarre request from me.

No need to have a go Ross, I actually called Mark and emailed him as soon as I had been.

Good stuff Dicky, I wasn't having a go.
It is the worst thing when something goes wrong and your mate turns round after it has happened as says: "Oh, I could've told you not to do that."

 

[hilts uk]

Just saw the thread. Unfortunately I have experience of this. In 2000 I bought an Aston DB7 from a private specialist in SW London. 2 weeks later I was driving to get it serviced when I was arrested by blocked in by 2 police cars, arrested and my car impounded. They had been using the tracker device to find me. It turned out that the dealership had sold a number of cars which were placed with them on a sale and return basis, the money was not passed on to the owners and the dealership went into admin. The owners had contacted the police who started a fraud investigation. To cut a long story short I had to engage a lawyer who told me that I had probably lost my money as you can't buy something that legally can't be sold - i.e. the dealership didn't have the right to sell the car as it was placed on sale or return and they required the owners permission to agree a sale. As it happens the car had finance on it and under a wrinkle in the law title passed to me as I didn't carry out a HPI check. The seller ended up claiming on his insurance and one the owners of the dealership got a year in jail (I had to give a statement). The process to find out who actually owned the car took about 3 months. Eventually I picked up the car in Kennington at a police pound. The petrol tank was empty, it was missing its badges and the battery was dead...

Happy to chat to anyone if I can help but the best advice I can give is to get legal advice and be prepared for a struggle, its likely there isn't a quick fix.

 

[CatmanV2]

That at least is slightly encouraging for those whose cars are 'missing'

C

 

[daverichardson]

Sobering tale related there

 

[StuartW]

That is indeed a terrible story, so many crooks out there

 

[hilts uk]

I've had better moments than thatone! I'll never forget when the police appeared in my mirror and I knew I was being tailed, then another came in front of me at the lights and blocked me in. Had to get out of the car and before I knew it I was in the back of a police car and my Aston was impounded. As you can imagine being pulled over like this in central London in a silver Aston soft top led to a bit of a crowd, thank god this was before camera phones.

The story was that the dealership relied on loans from people that could be very heavy handed if they didnt get paid. So the owners decided to have a fire sale of all the cars on sale and return and then shut without notice and run off to France with the money after paying the loan. The police said its quiet common and is known as the long con - you establish a decent reputation in an area and act legit for a few years. This means people let their guard down when they deal with you but you always planned at some point to go puff and do a runner.

The adminstrators will only work if there is a prospect of them being paid - i.e. if there are assets, as soon as they realise that the stock isn't owned they will pack up and move on as there is no way of them being paid. So anyone caught in the middle is in for a fight to prove that the car was either legally sold (if they bought it) or not legally sold (if they had it on sale or return). As pointed out above the V5 is not relevant. All that matters is whether title was capable of being passed. In my case it wasn't but because I was a bit reckless and hadn't check for finance I got the car. Ironically if I had checked and it was clear I would have lost all of my cash with no come back on insurance. It cost me £5k and 6 months to get the car so from now on I always check to make sure that the title has passed to the dealer who is selling, I won't touch sale or returns (as Dicky Grace will vouch).
I still have the QC opinion and legal files if anyone now finds themselves in a similar situation.

 

[MAF260]

What a c**t the owner of SK is - steals from both buyer and seller!

I sincerely hope somebody finds this scumbag before the police and gives him some old-fashioned justice!!

 

[mjheathcote]

Sorry to here that Mark.
Is it down with the liquidators as being sold on the companys books/bank statements?

 

[mjheathcote]

I would assume if the transaction is not listed in the company's books, and no record of money received into the company before liquidation relating to your car, it would be classed as stolen and subject to an insurance claim?

 

[Dyer3200]

Liquidators remaining tight lipped - Mr Fiaz might be using it for all I know - I know nothing other than its missing and I haven't been paid

 

[mjheathcote]

Tight lipped, after 2 weeks, not good.

 

[Dyer3200]

Who did you deal with at SK?

 

[Phil H]

Mark, you have a pm.

PH

 

[Kris]

I'm in the same position. My car has been sold and I haven't received my 52k. I've even spoken to the new owner

 

[Contigo]

Feel really sorry for you all. I really do.

Hope that it can all be resolved amicably and fairly for all parties involved.

 

[Kris]

The car got sold locally and a friend saw it and followed it lol

 

[Wack61]

Same as happens with any ltd company that goes bust I suppose, you become a creditor behind , administrators,vat, tax

I know somebody that did haulage work, he did 8k worth then invoiced on 30 days then did another 8k worth and they went bust at the end of the 60 days, it took months before it was all sorted but he only got paid 10% which didn't even pay for the fuel

A few weeks later they were up and running under a new "owner"

I can't imagine how I'd feel if I got nothing but he carries on living in that house driving nice cars

 

[Kris]

The DVLA advised there's new ownership and the police confirmed. SK had my V5, so the new owners currently do.
He sold my car on 9th October and never told me

 

[mjheathcote]

The DVLA advised there's new ownership and the police confirmed. SK had my V5, so the new owners currently do.
He sold my car on 9th October and never told me

Surely it has to be established whether the money for the sale went into the account of the trading garage under receivership. If not, it's theft and an insurance claim??
I'm sure it will all come out but no fun at all for all those effected.