Rosso Corsa in Park Royal

[ewand]

In case anyone is thinking of venturing in to see Rosso Corsa over the weekend, you might want to check out:

www.ferrarichat.com/forum/showthread.php?t=110747

[ewand]

Bad news... If anyone's been following this topic, Rosso Corsa Sales Ltd went into liquidation in May, although they're clearly still trading in Park Royal (as simply "Rosso Corsa". As someone owed the thick end of thirty grand following the sale of my car (but having never been paid a bean), I got a creditors report from the Insolvency Service today and it looks like things are terminal at Rosso Corsa and everybody has lost all their money.

Total Assets - £Nil

Customers' claims - £138,404
Crown debt - £128,980
Finance company loan - £48,150

The report basically states that in October 2005, the company lost money on a particular transaction involving a finance company and "At around this time he cause the company to cease trading".

"Mr Lukins has advised that the company may have sold some vehicles belonging to customers towards the end of its trading period and not paid the net sale proceeds (after the company's agreed commission) to those customers. All monies received by the company in this regard were paid into the company's bank account, but owing to the losses referred to above it could not afford to pay the sums due to the customers concerned."

The premise of the report is that there is no chance of a distribution of funds since the company owes a large amount and has no discernable assets with which to pay the money. So, in short, if your car was sold at Rosso Corsa and you've yet to be paid, you've lost your money ...

I'll scan a copy of this report if anyone wants to see the full thing - PM me.

Ewan

[troesma]

Cannot be more than sympathetic with you. I was in the verge of trading-in my car @ RC some 3 months ago, but eventually pulled-out. As far as I can see they are still trading, they are listing 37 vehicles as their current stock.

Hope you can get your money back.