New TVR still under wraps! (Vol. 3)
Discussion
Viper201 said:
Probably too busy looking for a factory to be bothered with a disloyal deposit holder. 
The deposits were, according to Edgar, to be kept in escrow and entirely separate from the company accounts. So hopefully you will be reimbursed.
I didn’t think they were escrow. I thought they were ‘trust me’.The deposits were, according to Edgar, to be kept in escrow and entirely separate from the company accounts. So hopefully you will be reimbursed.
Viper201 is right. It was all on trust. No mention in the T&Cs attached to the deposit receipt about deposit refunds in the event of cancellation.
This clause caught my eye though:
TVR shall not be responsible or liable for any
losses resulting if the fulfilment of any term if
the contract for sale of the Vehicle is delayed or
prevented by revolutions or other civil disorders,
wars, acts of enemies, strikes, fires, floods, acts
of God, delayed delivery to TVR of materials,
parts and/or accessories pertaining to the
goods to be supplied under the contract,
shortage of labour, or by any other cause not
within the reasonable control of TVR, and
which, by the exercise of reasonable diligence,
TVR is unable to prevent, whether of the class
of causes enumerated or not.
No doubt pretty standard wording but everything that’s happened (or hasn’t) since 2017 makes it a bit more poignant.
This clause caught my eye though:
TVR shall not be responsible or liable for any
losses resulting if the fulfilment of any term if
the contract for sale of the Vehicle is delayed or
prevented by revolutions or other civil disorders,
wars, acts of enemies, strikes, fires, floods, acts
of God, delayed delivery to TVR of materials,
parts and/or accessories pertaining to the
goods to be supplied under the contract,
shortage of labour, or by any other cause not
within the reasonable control of TVR, and
which, by the exercise of reasonable diligence,
TVR is unable to prevent, whether of the class
of causes enumerated or not.
No doubt pretty standard wording but everything that’s happened (or hasn’t) since 2017 makes it a bit more poignant.
Andonio said:
Why would anyone still have left a deposit on this long dead project? Anyone who has needs to try to get it back immediately.
I'm sure there will be a few very wealthy deposit holders left, perhaps not even particularly TVR enthusiasts, but those to whom £5k is just loose change and worth a punt on a niche product.DuncHK said:
Viper201 is right. It was all on trust. No mention in the T&Cs attached to the deposit receipt about deposit refunds in the event of cancellation.
This clause caught my eye though:
No doubt pretty standard wording but everything that’s happened (or hasn’t) since 2017 makes it a bit more poignant.
Not really. The clause doesn't apply, because the wording doesn't cover the situation. There hasn't been a war or a flood or an Act of God or anything else in that clause. They have simply failed to produce the car because they don't have the money to do so.This clause caught my eye though:
No doubt pretty standard wording but everything that’s happened (or hasn’t) since 2017 makes it a bit more poignant.
As above the deposits were not escrow. It was trust us if you dare.
From the TVR website (6 years ago):
Is my money at risk?
No – we would never allow that to be the case. We are well funded, and are here to stay! The deposit line has opened in response to a large number of requests from potential customers wishing to place a deposit on the basis of the information currently available both in the motoring press and on our website. If you do not consider this to be sufficient for you to decide whether or not you should place a deposit, we recommend you do not do so. However, if you pay by credit card, your payment is guaranteed by the credit card company
Edited to add that it’s still on the website. Hilarious.
https://www.tvr.co.uk/faq
From the TVR website (6 years ago):
Is my money at risk?
No – we would never allow that to be the case. We are well funded, and are here to stay! The deposit line has opened in response to a large number of requests from potential customers wishing to place a deposit on the basis of the information currently available both in the motoring press and on our website. If you do not consider this to be sufficient for you to decide whether or not you should place a deposit, we recommend you do not do so. However, if you pay by credit card, your payment is guaranteed by the credit card company
Edited to add that it’s still on the website. Hilarious.
https://www.tvr.co.uk/faq
Edited by Gazzab on Friday 18th April 19:51
Well, I suppose if you wanted your deposit back a little quicker, you could go to The Parrot, Forest Green, Guildford on Sunday for a nice lunch and while ordering your sumptuous grub, just happen to mention in a very loud voice, to a certain Mr Edgar behind the bar, that he owes you £5,000.
phazed said:
I believe Mr. Edgar has sold the Parrot and it is under new ownership. In fact, I believe he has sold his golf course as well. I wonder why?
The Parrot owners: Brunning and Price.
Brunning and Price were the owners as I believe Mr or Mrs Edgar only bought the lease? Same with the country club and golf course place as the owner is a Russian lady or was last time I looked on the Land Registry.The Parrot owners: Brunning and Price.
Heritage Farms which he owns is carrying loans and overdrafts of £2.2m with assets of £2.1m.
You may well be right Peter especially as the bonds are due repayment in less than a week.
Hi All. New on here, but hopefully no one will object to me making a brief appearance. I have followed this thread over the years purely for entertainment
purposes only.
Just to set some facts straight. (I am not Les Edgar by the way nor a particular friend but know of him locally by the way of a brief nod of the head should we pass)
The Parrot Inn: Les (or his family) owns the freehold to the pub, along with the the car park at the rear with the 3 shops. (which he rents out). Brunning and Price (part of The Restaurant Group, owners of Wagamamas) lease the pub from Les for which Les receives rent, and a lot of it.
Gatton Manor Golf Club: Les bought the Club from "the Russian Lady" quite some years ago. He has subsequently sold it on at a rumoured tidy profit to a Mr. Daniel Shamoon. (look him up). He is due to put in planning for a complete rebuild of an 80 room hotel. Hardly a refurbishment.
The Farm: The "Dairy Farm" has not seen a cow on it for 25 years. There were a few sheep briefly 20 years ago. Now the land is rented out to a local Horse Stud for grazing about 100 horses. As I walk past, I believe the farm buildings have been converted to newly built housing which Les rents out.
Griffith House: It was mentioned in an earlier post that Les owned this building via an off shore company in the Isle of Man. He paid 650 for it then. It was recently sold for a million. (nice work if you can get it). He most likely rented it to TVR limited in the meantime.
Les also owns houses around the village, for which he receives.... yes, more rent.
All while he lives very comfortably I`m sure, in the moated manor house (estimated value 12 -15 million).
TVR aside, it does seem that Les often comes out of deals smelling of roses.
As for those of you on here that actually do have a financial interest in TVR, I wish you well and hope you get your refund. I would not know how many there are still outstanding. Though I would question someones business acumen in placing a deposit on a non existent car in the first place.
Anyway, a quick word of advice to those of you picking your chilli peppers, please make sure you wash your hands before you to the loo.
purposes only.
Just to set some facts straight. (I am not Les Edgar by the way nor a particular friend but know of him locally by the way of a brief nod of the head should we pass)
The Parrot Inn: Les (or his family) owns the freehold to the pub, along with the the car park at the rear with the 3 shops. (which he rents out). Brunning and Price (part of The Restaurant Group, owners of Wagamamas) lease the pub from Les for which Les receives rent, and a lot of it.
Gatton Manor Golf Club: Les bought the Club from "the Russian Lady" quite some years ago. He has subsequently sold it on at a rumoured tidy profit to a Mr. Daniel Shamoon. (look him up). He is due to put in planning for a complete rebuild of an 80 room hotel. Hardly a refurbishment.
The Farm: The "Dairy Farm" has not seen a cow on it for 25 years. There were a few sheep briefly 20 years ago. Now the land is rented out to a local Horse Stud for grazing about 100 horses. As I walk past, I believe the farm buildings have been converted to newly built housing which Les rents out.
Griffith House: It was mentioned in an earlier post that Les owned this building via an off shore company in the Isle of Man. He paid 650 for it then. It was recently sold for a million. (nice work if you can get it). He most likely rented it to TVR limited in the meantime.
Les also owns houses around the village, for which he receives.... yes, more rent.
All while he lives very comfortably I`m sure, in the moated manor house (estimated value 12 -15 million).
TVR aside, it does seem that Les often comes out of deals smelling of roses.
As for those of you on here that actually do have a financial interest in TVR, I wish you well and hope you get your refund. I would not know how many there are still outstanding. Though I would question someones business acumen in placing a deposit on a non existent car in the first place.
Anyway, a quick word of advice to those of you picking your chilli peppers, please make sure you wash your hands before you to the loo.
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