www.adrenalinatv.co.uk MIA?

[soundwave]

sites been down last 2 days they gone bust?

 

[russ18uk]

Relevant dates:
Registered on: 25-Oct-2005
Expiry date: 25-Oct-2018
Last updated: 30-Oct-2018

Registration status:
Renewal required.

Hasn't paid his 123-reg bill.

 

[Wander]

Website hasn't worked for over a month now. Also FaceBook Twitter, Instagram and Youtube gone.

Gone bust:-

1 Insolvency case
Case number 1 — Creditors voluntary liquidation
Commencement of winding up 26 September 2018

09 Oct 2018 Statement of affairs
09 Oct 2018 Appointment of a voluntary liquidator
09 Oct 2018 Extraordinary resolution to wind up on 2018-09-26

 

[Wisper Bikes]

The Adrenalin business has been forced to close due to three robberies in relatively quick succession. The last one involved their security guard being hospitalised and the side of their building being caved in with repair costs in excess of £100,000. Nathan who owned the business is an excellent businessman and very honourable, he will certainly be starting another ebike related business when everything has been sorted out.

We wish him all the best.

David

 

[Wander]

The Adrenalin business has been forced to close due to three robberies in relatively quick succession. The last one involved their security guard being hospitalised and the side of their building being caved in with repair costs in excess of £100,000. Nathan who owned the business is an excellent businessman and very honourable, he will certainly be starting another ebike related business when everything has been sorted out.

We wish him all the best.

David

Sincerely sorry to hear about the first part.

Regarding the second part I note that Wisper weren't owed anything. The £150,000 or so of other creditors who are unlikely to see a penny repaid may well have a different view.

 

[Wisper Bikes]

I'm not so certain, I think Nathan will probably be talking to creditors.

 

[Wander]

I'm not so certain, I think Nathan will probably be talking to creditors.

Good for him if he does however the cynic in me together with experience tells me that they are unlikely to be paid.

Did you pay off all the creditors when one of your previous businesses went into liquidation?

 

[Woosh]

Good for him if he does however the cynic in me together with experience tells me that they are unlikely to be paid.

the liquidators help themselves first, then the bank, then HMRC, then staff before the creditors have a look in. That's why I am a bit worried selling to the shops. Title retention cuts nothing with the liquidators.

 

[Wander]

the liquidators help themselves first, then the bank, then HMRC, then staff before the creditors have a look in. That's why I am a bit worried selling to the shops. Title retention cuts nothing with the liquidators.

True however you'll find that HMRC are further down the list than they used to be. That'll change back again to a certain extent following spreadsheet Phils budget on Monday.
Regarding title retention best to get straight in there and remove whenever possible, possession being 9/10ths and all that.
I completely understand your point though about being worried selling to shops.

 

[Wisper Bikes]

Good for him if he does however the cynic in me together with experience tells me that they are unlikely to be paid.

Did you pay off all the creditors when one of your previous businesses went into liquidation?

Hi Wander, thanks for asking. I liquidated Wisper Bikes Limited four years ago when we merged with FreeGo, anyone that was owed any money was paid, although it should be said that we didn't really owe any money as we pay upfront for all our bikes before they are landed in the UK. In the last few years we have dealt with two bike retail companies that have been put into liquidation in both instances we got our bikes back. You would be surprised at how many companies are paid outside voluntary liquidations.

All the best, David

 

[Wander]

Hi Wander, thanks for asking. I liquidated Wisper Bikes Limited four years ago when we merged with FreeGo, anyone that was owed any money was paid, although it should be said that we didn't really owe any money as we pay upfront for all our bikes before they are landed in the UK. In the last few years we have dealt with two bike retail companies that have been put into liquidation in both instances we got our bikes back. You would be surprised at how many companies are paid outside voluntary liquidations.

Genuinely pleased you got your bikes back.

Regarding paying off creditors I was thinking more about the company which went into liquidation in 2008. That one wasn't a voluntary liquidation.

 

[Izzyekerslike]

The Adrenalin business has been forced to close due to three robberies in relatively quick succession. The last one involved their security guard being hospitalised and the side of their building being caved in with repair costs in excess of £100,000. Nathan who owned the business is an excellent businessman and very honourable, he will certainly be starting another ebike related business when everything has been sorted out.

We wish him all the best.

David

Really sorry to hear that, As a customer I was really happy with the extremely helpful service an expert advice I received from Nathan.
I wish him all the best and hope he gets back on his business feet in the near future.

 

[Wisper Bikes]

Genuinely pleased you got your bikes back.

Regarding paying off creditors I was thinking more about the company which went into liquidation in 2008. That one wasn't a voluntary liquidation.

Actually it was a voluntary liquidation.

I think this is getting a little personal Wander. What has this got to do with the ebike market, or Adrenaline TV? As you seem so interested in my past, maybe you would like to call me on 07733226906 I would be happy to answer any questions you may have.

I closed my exhibition company for many reasons outside my control. Mainly because all our products were copied by a competitor using a company in China in 2005. But every cloud has a silver lining. It was on my trip to China to confront these plagiarists that I first saw an electric bike. The freind I was with (Douglas Gosling) already owned one (a Yamaha) and Wisper was borne!

As you are so interested in my past business and private life, I am sure that you will be delighted to know that my wife and I sold our house to pay off many of our company’s creditors. We personally paid them well over £100,000. I had conversations and made arrangements with almost everyone that was affected.

All the best, David

 

[Wander]

Actually it was a voluntary liquidation.

I think this is getting a little personal Wander. What has this got to do with the ebike market, or Adrenaline TV? As you seem so interested in my past, maybe you would like to call me on 07733226906 I would be happy to answer any questions you may have.

I closed my exhibition company for many reasons outside my control. Mainly because all our products were copied by a competitor using a company in China in 2005. But every cloud has a silver lining. It was on my trip to China to confront these plagiarists that I first saw an electric bike. The freind I was with (Douglas Gosling) already owned one (a Yamaha) and Wisper was borne!

As you are so interested in my past business and private life, I am sure that you will be delighted to know that my wife and I sold our house to pay off many of our company’s creditors. We personally paid them well over £100,000. I had conversations and made arrangements with almost everyone that was affected.

All the best, David

Actually in fact it was a compulsory liquidation according to the public record:-
Case number 1 — Compulsory liquidation
Petition date 6 June 2008
Commencement of winding up 17 September 2008

Sorry to hear about the plagiarism and that you had to sell the house & no I'm not delighted to hear that. Only reason for referring to the above is you judged another to be an excellent businessman and very honourable which made me interested, from a business point of view, who was doing the judging. Not interested in your private life at all.

Please don't read too much into my posts. I'm actually a big fan of yours. That 2010 interview that you did on Intruders TV showed that you were years ahead of the game and I've got enormous respect for small business owners. I also think your Wolverine carbon looks amazing & shows that you are an innovator. I wish you the best of luck with the success of that and your business.

Anyway back to Adrenalin ........

Edit: If you want me to remove any of the above or previous posts then please let me know.

 

[Wisper Bikes]

No please leave it up, I have always been open, and really have nothing to hide. It was a time of mixed emotions! My display business of 25 years was to close and my 30 employees we gradually put out of work. My losses personally were nothing by comparison to how I felt about those guys, they all stayed loyal up to the end. However if it wasn't for the demise of my display business I would never have discovered electric bikes, I have enjoyed every minute of it!

I don't understand why the records talk about a compulsory liquidation though... it wasn't. We instructed a liquidator to look after the winding up so it was voluntary. I will make contact and find out what went wrong. Maybe it was a dormant company. Thanks for pointing it out though, I will make sure that the records are corrected.

Kind regards, David

 

[Wisper Bikes]

In 2008 we were well under way with Wisper. Looking back in my records I found this.... Happy Days!!!

All the best, David

 

[Wander]

I don't understand why the records talk about a compulsory liquidation though... it wasn't. We instructed a liquidator to look after the winding up so it was voluntary. I will make contact and find out what went wrong. Maybe it was a dormant company. Thanks for pointing it out though, I will make sure that the records are corrected.

Wouldn't bother wasting any effort. You've really got no chance with that! Company wasn't dormant and the winding up order was made on a petition to the High Court. No mention at all of any members nor creditors voluntary liquidation, nor directors appointing anyone.

 

[Wisper Bikes]

The fact is that the company went into voluntary liquidation Wander and I paid back a small fortune to our creditors. Samuel Levy in Sidcup was the liquidator, we appointed him. I will however look into it, it doesn't make any sense.

My point is that there are a lot of small businesses with directors that are anything but crooks, Nathan is one of the good guys. We run businesses employing millions of people in the UK and pay a lot of tax. Sometimes as in the case of Nathan who was robbed three times, things go wrong that are out of our control and we do our best to make sure as few people are affected as possible.

All the best, David.