Steam Traction World Updates

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Steam Traction World Updates

Post  Admin on Fri 13 Jun 2008, 6:42 am

Current Update:

Letters sent to ModelWorks customers explaining the situation and asking if they would be willing to have SteamTractionWorld complete their models.

Flight to Ireland to speak with some of ModelWorks Irish customers face to face at Innishannon rally.

Registered new website and business name at Companies House.

Started discussions with potential investor to help fund our venture. Others investors sought.

Discussions opened for purchase of CNC machinery with ModelWorks Chairman.

Shown potential purchaser of whole business (loco's, clocks and vehicles) around the premises and explained the business concept. Our full support offered should a complete takeover be succesful.

Letters sent to Burrell batch 1 customers offering continued support in the future should we secure the future business. Also letters sent to International based customers explaining the situation.

Visit to Haas CNC to see modern machinery in operation plus visit to used tool dealer to compare prices and quality.

Latest News 11th June 2008:

New Website commisioned (in the hope we get the opportunity to start the business) - This will contain all models information, shopping cart for designs, individual parts and complete kits enabling them to be purchased online plus forum and gallery for customer support and feedback - Further information coming soon.

Discussions with ex MW's chairman for machinery still ongoing but progress has been made.

Certificate of incorperation receieved from Companies House and appointment with bank arranged for Tuesday 17th June with regard to opening a bank account.

Alternative premises viewed but still being sought.

Latest News 16th/17th June 2008:

Afternoon spent with administrator validating MW customer letters and claims plus checking stock.

Bank account opened.
Intial contact made with accountant / business advisor.


Last edited by Admin on Tue 24 Jun 2008, 11:39 am; edited 2 times in total

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FODEN WAGON

Post  gulfstream on Sat 14 Jun 2008, 11:40 pm

I have spent time talking with Steve at the recent Stapleford Park steam rally and now feel that great progress is being made towards a restart and I have given some assurance that there is a possibility of having a in-steam Foden by the time of the Bedford Steam rally in September.

Both Steve and Dean need all of us to give our full support to their new venture in whatever way we can.

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Re: Steam Traction World Updates

Post  eric lindsay on Wed 18 Jun 2008, 1:53 pm

I agree

Whatever the problems to date these guys need our support. Lets do whatever we can to get them on the road again.

Eric Lindsay
BATH UK


Last edited by eric lindsay on Fri 20 Jun 2008, 2:04 am; edited 1 time in total

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Support for Steam Traction World

Post  augustrock on Thu 19 Jun 2008, 10:29 am

I endorse Eric's sentiments and will do what I can to help them, so that they can I hope in the not too distant future help us.

Augustrock

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Further Update

Post  Admin on Tue 24 Jun 2008, 11:40 am

Latest News 23rd/24th June 2008:

Meeting with customer from New Zealand (here in UK not NZ!) in relation to his engines.

Further discussions regarding machinery and building, more progress made. Postive news announced hopefully by end of week / early next week.

Intial investor confirms pledge of funds to assist in management buy out. Very Happy

Additional sum agreed from another interested party, bringing everything a whole lot closer to reality. cheers

Further meeting with accountant / business advisor to fine tune proposals.

Repaired customers Likamobile while trying to tap him up for some funds! lol!

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Positive Update on Developments

Post  Steam Traction World on Fri 27 Jun 2008, 8:24 am

Latest News 27th June 2008:

Offer put in writing to administrator for purchase. Now we have to sit back and wait and see!

Machine purchase agreement with ModelWorks Chairman finally reached.

Building lease agreement reached with ModelWorks Chairman whilst new premises sort.

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Good News

Post  thehawk on Fri 04 Jul 2008, 2:38 pm

Very pleased to hear that Sream traction world has now got a fire in its boiler!

Any word for us owners of Burrel 4inch kits please guys?

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71/4 Loco

Post  dickturpin on Wed 09 Jul 2008, 12:47 pm

Hi Dean,
Very good news you have at last secured the business and wish you both all good fortune for the future. I wondered if you can now advise if we can purchase the A3 parts as in kit 17 that I understand are more or less ready. Also if it is unlikely that you will produce kit 18 can you advise the supplier of the dome and chimney so I can get them on order.

Kind regards Ian Dixon

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Re: Steam Traction World Updates

Post  Steam Traction World on Thu 10 Jul 2008, 11:58 am

Hi Ian,

We now have agreement in place with a purchaser for the 7.25" gauge business. Nothing is signed or paid for yet but an old fashioned gentlemans deal has been reached so when we pay the final payment to the administrator for the business at the end of this month, he can purchase it off us.

His purchase will include all the 7.25" loco's designs plus the A3/A4 kits in stock, spares and any work in progress. The gentleman in question is an A4 customer with his own engineering firm and should be in touch in the near future.

I believe this is in the best interest of everyone.


Regards

Dean

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Re: 7.25" Loco business sale/purchase

Post  Bracken26bwr on Thu 31 Jul 2008, 6:43 am

Further to earlier posting on potential sale of 7.25" loco side
Now that the "end of the month" (June) has passed is there any progress to report?
I have a few parts missing from some of the A4 kits and would prefer to purchase from stock if poss.

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5" Gauge

Post  Vapor on Thu 31 Jul 2008, 2:32 pm

Hi Dean/Steve,

Is there any news of a buyer for the 5" loco side of the business, I know there is an offer for Duchess customers to visit the factory and buy what there is of what was to be the next kit out, I was kind of holding back first to see if a buyer came forward and secondly to to make the Duchess visit and Burrell boiler collection happen at the same time Wink

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Re: Steam Traction World Updates

Post  Steam Traction World on Mon 04 Aug 2008, 8:33 am

Sorry about the delay in replying, Steve and I have just returned from the Pickering rally so have not had access to a pc.

The person interested in the 5" gauge business has been in touch and is still keen. He has asked us to do a basic stock take so he has a better understanding of what he would be purchasing. This we both intend to try to do this week (when i really don't know as i untend to be back on a machine full time from tomorrow). As soon as this has been completed he has given us the impression he will make us an offer.

As soon as i know anything concrete it will be added to the forum.

All the best

Dean

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