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Author: Subject: Luego Press Release
darrens

posted on 24/4/06 at 06:35 PM Reply With Quote
quote:
Originally posted by muzchap
Darrens,

I agree wholeheartedly and allude to that in a previous post to yours

It's a criminal offence to obtain money by deception

I'm truly sorry for those who have money tied up in parts that will never arrive!

As people have mentioned if you paid via 'CreditCard' then you are safe - if you trusted good old traditional cash or debit card you are out of pocket - why doesn't the fking Government sort this bollox out!

If you can prove you paid - you should get your money back! They're happy to take the 'TAXES' that push companies under!!! They should be able to reimburse you - just highlights the pathetic rights of consumers in this country!!!

The Value Added Theft - that we pay on everything should have a levy to re-imburse individuals - but oh no - they'd rather spend the money on immigrants and housing people that don't deserve to be in the country...

<rant over>

Sorry - just hate this government.. i know Luego are partly to blame, but Stealth taxes are crippling!

[Edited on 24/4/06 by muzchap]


I agree, myself and a friend run our own electrical company and the VAT when it comes round is a twat to say the least.

I paid by VISA debit so no come back there, spoke to their insolvency company today..... I now wait in anticipation.

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perksy

posted on 24/4/06 at 08:08 PM Reply With Quote
Sad news for everybody concerned/affected and TVR in trouble aswell, makes you wonder who's next...
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darrens

posted on 24/4/06 at 08:36 PM Reply With Quote
quote:
Originally posted by perksy
Sad news for everybody concerned/affected and TVR in trouble aswell, makes you wonder who's next...


Heard that on the radio this morning, bad news, shutting the uk factory.

[Edited on 24/4/06 by darrens]

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MikeR

posted on 24/4/06 at 09:02 PM Reply With Quote
quote:
Originally posted by Luego Sports Cars
[blah blah blah]

For supplies of Luego Products contact:
Custom Mouldings GRP 01455 847045
Tube Engineering Exhausts 01673862286
Dampertech Shocks 01709703992
Milfield Parts 01733 312056

Sorry for any inconvenience this may have caused.

Regards The Team.


As a side point i think they made a mistake with the custom mouldings phone number. Just been googling for them as the area code looked familiar (next town - doh) and i think its 01455 848784. If i get a chance i'll call them tomorrow and see if they'll deal direct with the public.

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dozracing

posted on 25/4/06 at 08:45 AM Reply With Quote
Hi all,

This is very sad news, because Luego always put in a lot of effort to market itself and the cars very well. They did this without losing the Locost tag, and this put the whole Locost scene in a much better light than it would have, certainly if left to the magazines.

If you have lost money on an unsatisfied order, i'm prepared to help sort it out if i can. If we can provide the parts you need then for small items we will do it for free and larger items we will do at cost. So long as you pay postage and can provide evidence that you placed an order and didn't get it. Contact me on darren@gtstuning.co.uk

Kind regards,

Darren

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Dave J

posted on 25/4/06 at 12:12 PM Reply With Quote
After my previous post about my Luego supplied V8 engine going belly up and leaving me high and dry, I would like to publicly thank those guys who have offered help (and sympathy) either via this post or by U2U.
Sadly my engine is beyond all help (as is my wallet) but it just reinforces what a fantastic bunch of people we have on this forum.
I'm sort of stuck for words (que lump in throat).

Thanks guys

All the very best,

Dave.

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MikeR

posted on 25/4/06 at 12:13 PM Reply With Quote
quote:
Originally posted by MikeR
quote:
Originally posted by Luego Sports Cars
[blah blah blah]

For supplies of Luego Products contact:
Custom Mouldings GRP 01455 847045
Tube Engineering Exhausts 01673862286
Dampertech Shocks 01709703992
Milfield Parts 01733 312056

Sorry for any inconvenience this may have caused.

Regards The Team.


As a side point i think they made a mistake with the custom mouldings phone number. Just been googling for them as the area code looked familiar (next town - doh) and i think its 01455 848784. If i get a chance i'll call them tomorrow and see if they'll deal direct with the public.


Just spoke to them. They own the moulds for the locost style and will sell those to the public for the forseable future. They will be looking at selling off the moulds to the larger style cars to cover monies owed in the near future. The open from 6:30am to 5:30ish.

Yeah, i did check 6:30am!

Seemed ok on the phone, didn't ask them any prices.

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Schrodinger

posted on 25/4/06 at 01:15 PM Reply With Quote
I am sorry to hear that they are no longer trading.
However just to put a couple of points straight.
It is an offence to trade while knowing you are insolvent and this is what you would need the insolvency practitioner to prove.
If you have paid money over to the company then you are a creditor, the same as anybody who supplied them with goods and hasn't been paid, you are both owed money and have the same security. I know it's not nice but why should you have preference over a supplier? What you need to do is register the debt owed to you, you may at least get something back.
Finally the protection offered by the Credit card companies is thier deal it has nothing to do with the Government and in fact the CC companies have recently been suggesting that this may cease.
Hope this helps those who are still owed parts/money.


I've just re-read the post, have they just ceased trading, in which case there is no reason you shouldn't get your money back or have they gone into receivership? in which case the above does apply

[Edited on 25/4/06 by Schrodinger]

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procomp

posted on 25/4/06 at 01:30 PM Reply With Quote
Locost limited again maybe.
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MikeR

posted on 25/4/06 at 04:51 PM Reply With Quote
forgot about them ....... that is a blast from the past. Going to have to pop over to your place some time as your not far from me ..... must remember to leave the wallet at home though
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RichB

posted on 26/4/06 at 02:30 PM Reply With Quote
Ummm. Blimey that's a shock! I was only up there on Saturday. They didn't have any cars in the garage but Grant said they were "sorting a few things out". I was just returning some parts they'd given me extra in the kit I'd bought (extra wishbones, hub adaptors...).

The main reasons I went with Luego were quality of product and they're (or were) only 10 minutes up the raod.

Ah well. It's a real shame (not just for me) and I wish everyone involved the best of luck for the future.

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wilkingj

posted on 26/4/06 at 06:55 PM Reply With Quote
I rang the factory today, Ring tone no reply, no answer machine.
Both mobile Numbers are now "Not recognised"
Not surprised, considering the situation.
Anyone else have any info or numbers please U2U me.

Anyone know if the Viento wishbones (front and aft) are the same as any others, ie in the event of an accident, will any other parts fit?.






1. The point of a journey is not to arrive.
2. Never take life seriously. Nobody gets out alive anyway.

Best Regards
Geoff
http://www.v8viento.co.uk

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bob

posted on 26/4/06 at 07:05 PM Reply With Quote
If there is an auction to raise cash for any creditors owed it might be an idea for luego owners club to purchase the jigs for bones among other bits,just a thought i had since the cars will indeed need service and repair at some point.






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scotty g

posted on 26/4/06 at 09:13 PM Reply With Quote
I'm sure i read somewhere that the wishbones are the same dimensions as the GTS ones so people could always use them if they had to.
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tks

posted on 27/4/06 at 09:11 AM Reply With Quote
Fuck!

This is bad chit guys,

I had the feeling that things wheren´t going like they should, and it was confirmed when i saw that they tried to open a new triker market.

Its sad news to see and hear the post, i´m sure that with all of us on the net we can manage to build up our cars to the finish.

altough it wouldn´t be easier...

doing it..

Its mostly sad for those who have let their money on the battlefield..

also they don´t have shown much balls
on taking money and don´t deliver parts.

I never couldn´t untherstand verywell the bissinuis more because many parts you are just the put trough pipeline...

The only reason not paying a supplier is because you need to pay your emploieess..

Anyway best of luck of all of the influences people..

Regards,

Their only spanish client ever..

TKs





The above comments are always meant to be from the above persons perspective.

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tks

posted on 27/4/06 at 09:27 AM Reply With Quote
Big Order

I think we should start a topic or 2

to start a partlist in that we could generate the vieuw of wich parts everyone is needing.
(sow not only for the luego builts)

if we have all of that listed its just a matter of searching a source quote the hole lot and buy it.

or just pass the order to the company.

a idea to help.

Regards,

Tks





The above comments are always meant to be from the above persons perspective.

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dozracing

posted on 27/4/06 at 09:48 AM Reply With Quote
Hi all,

If someone could lend me the rear wishbones for a week we could jig them and then we could supply all the parts you would need to build or repair a velocity.

The GTS front wishbones fit, as does the bodywork, the steering rack etc is the same, the only things we can't supply to fit a velocity at the moment are the rear wishbones. We already have the jigs to make a similar rear upright.

I did sketch the wishbones once but never bothered to draw them up properly, wish i had now.

I know its sad for the customers who have lost money but, theres a very good chance that Grant etc lost a whole more including their livelihood for a while. Thats very sad.

According to the magazines the industry had a really hard time towards the end of 2005. There is evidence to suggest that Which Kit magazine is struggling to a great deal, so maybe there are to be more casualties before things get better.

darren@gtstuning.co.uk

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matt.c

posted on 27/4/06 at 09:00 PM Reply With Quote
Oh dear, sorry to here the news

Makes you think who will be next?

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Simon

posted on 27/4/06 at 09:17 PM Reply With Quote
Where do you start.

Feel sorry for customers who've lost out, to those at Luego - as a former customer, I'd recommend them to anyone - which I did on Saturday

Darren,

I know some think you may be being a little vulturish (I, for one, don't). Well done to you. It would be good if the chassis jigs/body moulds etc could go to someone in the business.

On behalf of those you can help, thanks - you may be getting an order from me at some point (I already have your coilovers - which I'm well impressed with), though I suspect I may be paying proper prices!

ATB

Simon






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Syd Bridge

posted on 28/4/06 at 11:26 AM Reply With Quote
I've just got home from a long trip. This is sad news.

I also got home to find that a couple of smaller people I've done work for have had their overdraft facilities removed in the last week. Hence, I'm out of pocket because I can't get paid. Hard earned experience and at my age should know better. But, you've gotta trust some people sometime.

JUST NEVER TRUST A BANK MANAGER!!!! NEVER NEVER NEVER!!!!!! AND NEVER AGAIN FOR GOOD MEASURE!!!!!!!!

If Luego have been running on an overdraft, they may well have got a similar letter on Monday morning asking that the overdraft be repaid immediately. Hence insolvent and would be acting unlawfully to continue trading.

Folks, they could not have seen this coming if it is the case. So, cut them a little slack.

It would appear that there is an all round credit squeeze going on, and the public are not being made aware of it.

The next thing will be a big hike in interest rates. But, the powers-that-be made a decision to keep rates at around 5% near to 10 yerars ago. So.?????

My heartfelt sympathies to all concerned.

Regards,
Syd.

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G.Man

posted on 30/4/06 at 07:06 AM Reply With Quote
Sad news indeed...

I don't think it was down to price cutting tho, luego's prices were competitive when I looked into buying one.. I spent nearly £15k building my car in the end, about £2.5k over budget...

What swung it for me in the end was the product... I fitted better in the MNR...

I always thought the Luego was a competitvely priced product of a good quality...







Opinions are like backsides..
Everyone has one, nobody wants to hear it and only other peoples stink!

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scotty g

posted on 30/4/06 at 08:19 AM Reply With Quote
Darren at Gts, i admire the attitude that you are showing here mate, as a competitor it would be easy to sit back and gloat and think of the extra bussiness that could come your way.
I hope that as many people as possible accept your kind offers of help and that all who have lost out can get every thing resolved and continue with there projects.
Simpaties to all at Luego, i hope all your troubles are only brief ones.
Take care all.
Scotty G

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MikeR

posted on 30/4/06 at 03:22 PM Reply With Quote
I've just been comparing some of the stuff i've bought of one manufacturer to what Luego sold IrvineD.

At first i thought Leugo where more expensive. In the end they have come in a little more expensive but ....... the quality is better and EVERY thing was supplied in one go, no faffing, no messing, no hunting for widget a.

He got a good deal, i've still got hassle.

quote:
Originally posted by G.Man
Sad news indeed...

I don't think it was down to price cutting tho, luego's prices were competitive when I looked into buying one.. I spent nearly £15k building my car in the end, about £2.5k over budget...

What swung it for me in the end was the product... I fitted better in the MNR...

I always thought the Luego was a competitvely priced product of a good quality...



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dozracing

posted on 2/5/06 at 04:14 PM Reply With Quote
Hi all,

At Stoneliegh the talk between the manufacturers was mainly about Luego, and Westfield being bought by Robin Hood.

As is rather typical everyone said they could see Luego's demise coming, and it was bound to happen. I find those rather bizarre comments, easy to say things like that in hindsight. I didn't hear anyone saying anything before their sad demise.

Some of the magazine editors told me they were not surprised as Grants just bought himself a new boat and something must have paid for it. No one said whether it was for the bath or a yacht for Monaco though.

Robin Hood claim the Westfield deal is done, and Westfield claim the exact opposite!

Simon has offered to loan me a set of rear wishbones off a velocity, so i'll get setup to jig them, and solve that little supply issue.

DG.

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the_fbi

posted on 2/5/06 at 05:14 PM Reply With Quote
quote:
Originally posted by dozracing
At Stoneliegh the talk between the manufacturers was mainly about Luego, and Westfield being bought by Robin Hood.


Say what?

How the hell did I miss the wf/rh stuff...

Any threads/urls?

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