Discussion
I spoke to Neil a little while back about the how the loss of the company came about and the story is as follows:
I believe the circumstances through which Adrenaline got in a pickle was due to an investor trying to take over the business. I believe he signed an agreement to invest in the company for a small share. The payments where due to be paid in 3 instalments. The 1st was made which Adrenaline used for planned projects, with the understanding that the 2nd payment would come in as agreed. This never happened. The investor kept stalling saying he would pay out any day now.
By the time the 3rd payment was reneged on the finacial situation at Adrenaline started becoming untenable.
Neil called a emergency meeting. When Neil arrived the investor was waiting with his lawyer and accountant. At this meeting the investor sprung a trap.
He stated he would pay the rest of the agreed money in exchange for a majority share hold and that Neil could have a job. lol If Adrenaline turned down the offer he would ask for his initial money back. The investors lawyer then came up and said: "We know you can't pay us back, so your only option is to take the deal or face sequestration." No way Neil would give his company away so told the chap where to get off the bus.
Since then Neil has lost everything. his home included.
Initially I was hearing a bunch of stories about Neil which wasn't flattering, I was angry for having lost so much money or that the car ended up costing me so much more to finish. After hearing the full story and that Neil is actually financially ruined, changed that for me. What would we really want , shirt off his back? I believe his
shirt is taken.
Ian
I believe the circumstances through which Adrenaline got in a pickle was due to an investor trying to take over the business. I believe he signed an agreement to invest in the company for a small share. The payments where due to be paid in 3 instalments. The 1st was made which Adrenaline used for planned projects, with the understanding that the 2nd payment would come in as agreed. This never happened. The investor kept stalling saying he would pay out any day now.
By the time the 3rd payment was reneged on the finacial situation at Adrenaline started becoming untenable.
Neil called a emergency meeting. When Neil arrived the investor was waiting with his lawyer and accountant. At this meeting the investor sprung a trap.
He stated he would pay the rest of the agreed money in exchange for a majority share hold and that Neil could have a job. lol If Adrenaline turned down the offer he would ask for his initial money back. The investors lawyer then came up and said: "We know you can't pay us back, so your only option is to take the deal or face sequestration." No way Neil would give his company away so told the chap where to get off the bus.
Since then Neil has lost everything. his home included.
Initially I was hearing a bunch of stories about Neil which wasn't flattering, I was angry for having lost so much money or that the car ended up costing me so much more to finish. After hearing the full story and that Neil is actually financially ruined, changed that for me. What would we really want , shirt off his back? I believe his
shirt is taken.
Ian
i knew all of the above from neil and several other sources and do feel sorry for position he has put himself into but it does appear he is selectively helping some murtaya owners but not others for what ever reason which for me is the final nail in the coffin of my patience as i have very patiently waited and waited with help being offered to others but not to myself and neil has still not bothered to contact me despite him wanting me to keep quiet for future goodwill!!
martin
martin
The help I am receiving is from Neil is as follows:
He is doing me a letter for IVA ,helping me get a rear screen, contact details of suppliers so I can buy the parts needed to finish my build. These bits are the door solenoids, lights, switches and piping for the FMI.
He also let me know where I could buy a windscreen as I didnt have one yet. He is also finishing up the new dash inlay which they where developing. My build was going to be the first with this new dash and I bought a music/satnav to fit it. He has promised me one of these which should have come with the build any way.
I am aware that he doesn't have to do any of this and I am just very thank full that he is trying to be of some help. Without the help he is giving, my build would come to a halt.
I don't know what help you still need with your build. I was under the impression that he he is trying to help, I know he cant do anything about the financial costs to us. I will end up with a very expensive Murtaya.
Still, when compared to other cars with similar performance and usability its not bad.lol
He is doing me a letter for IVA ,helping me get a rear screen, contact details of suppliers so I can buy the parts needed to finish my build. These bits are the door solenoids, lights, switches and piping for the FMI.
He also let me know where I could buy a windscreen as I didnt have one yet. He is also finishing up the new dash inlay which they where developing. My build was going to be the first with this new dash and I bought a music/satnav to fit it. He has promised me one of these which should have come with the build any way.
I am aware that he doesn't have to do any of this and I am just very thank full that he is trying to be of some help. Without the help he is giving, my build would come to a halt.
I don't know what help you still need with your build. I was under the impression that he he is trying to help, I know he cant do anything about the financial costs to us. I will end up with a very expensive Murtaya.
Still, when compared to other cars with similar performance and usability its not bad.lol
so far neil has emailed re possible financial reimbursement for build as obviously the FULL money has been paid to Adrenaline but build has only partially been done but nothing has come of it so far. he has sent a letter enabling me to get IVA date which is essential for making the car road legal but bizarrely there is no evidence of either an IVA or an SVA being done before..... despite neil having applied for SVA and the car having gone for and failed an IVA
the build needs to be completed with new exhaust required and redoing of trim which is hanging off in places or in case of the roof not present
i have paid Adrenaline for seats harnesses gauges and fire extinguisher and a few others yet when car was picked up none of these were present so i have had to basically pay for the parts AGAIN
i have been told the paintwork needs repairing as there are numerous chips and scratches over most of the car as the car had been painted last JUNE!!
i have the wrong speedo and turbo from the donor car and am waiting for scoobybits to supply the appropiate parts and further discuss the clutch which has failed without actually being driven by the customer yet!
as you can see a couple of emails and a letter will not solve the above problems
martin
the build needs to be completed with new exhaust required and redoing of trim which is hanging off in places or in case of the roof not present
i have paid Adrenaline for seats harnesses gauges and fire extinguisher and a few others yet when car was picked up none of these were present so i have had to basically pay for the parts AGAIN
i have been told the paintwork needs repairing as there are numerous chips and scratches over most of the car as the car had been painted last JUNE!!
i have the wrong speedo and turbo from the donor car and am waiting for scoobybits to supply the appropiate parts and further discuss the clutch which has failed without actually being driven by the customer yet!
as you can see a couple of emails and a letter will not solve the above problems
martin
I am a massive fan of the Murtaya, and on the dew occasions I have met Neil found him a nice guy and enthusiast.
I have always wirdered about the weight claim of under 1000kgs. I have an impreza WRX, and I had it weighed with a full tank of fuel at a local weighbridge. Cannot remember the exact weight, but do remember is was closer to 1500kgs than 1400. 450 kgs is an awful lot to lose unless you go down the pointless "dry weight" route. Especially as an impreza has a lot of fluids. If you read mags like Evo they now try to weigh each model on test against manufacturers figures. They had a Lamborghini which was WAY heavier than quoted, and nearly all those tested seemed to have gained 50kgs or more since leaving the Factory.
I have always wirdered about the weight claim of under 1000kgs. I have an impreza WRX, and I had it weighed with a full tank of fuel at a local weighbridge. Cannot remember the exact weight, but do remember is was closer to 1500kgs than 1400. 450 kgs is an awful lot to lose unless you go down the pointless "dry weight" route. Especially as an impreza has a lot of fluids. If you read mags like Evo they now try to weigh each model on test against manufacturers figures. They had a Lamborghini which was WAY heavier than quoted, and nearly all those tested seemed to have gained 50kgs or more since leaving the Factory.
My car was basically paid for upfront. I had a small balance to pay upon completion.
All the parts I mentioned in my prior post was stuff I had to buy over again. The original parts had gone missing. I know that trying to get remuneration on any of that is unrealistic. It could have been a lot worse. Good lesson learnt on my side anyway.
The upside is that all the bits are top spec and new. The car also gets a new registration. I wanted to get a standard clutch but I was warned it wont handle the extra power so I opted for a uprated sports clutch.
Ian
All the parts I mentioned in my prior post was stuff I had to buy over again. The original parts had gone missing. I know that trying to get remuneration on any of that is unrealistic. It could have been a lot worse. Good lesson learnt on my side anyway.
The upside is that all the bits are top spec and new. The car also gets a new registration. I wanted to get a standard clutch but I was warned it wont handle the extra power so I opted for a uprated sports clutch.
Ian
SA boy said:
My car was basically paid for upfront. I had a small balance to pay upon completion.
All the parts I mentioned in my prior post was stuff I had to buy over again. The original parts had gone missing. I know that trying to get remuneration on any of that is unrealistic. It could have been a lot worse. Good lesson learnt on my side anyway.
The upside is that all the bits are top spec and new. The car also gets a new registration. I wanted to get a standard clutch but I was warned it wont handle the extra power so I opted for a uprated sports clutch.
Ian
very similar position to me then,new registration will hopefully be done but neil was planning for age related reg prior to administration so will have to wait to see how vosa view it!All the parts I mentioned in my prior post was stuff I had to buy over again. The original parts had gone missing. I know that trying to get remuneration on any of that is unrealistic. It could have been a lot worse. Good lesson learnt on my side anyway.
The upside is that all the bits are top spec and new. The car also gets a new registration. I wanted to get a standard clutch but I was warned it wont handle the extra power so I opted for a uprated sports clutch.
Ian
i was asked to pay final amount to "speed along the build" but all it got was my car from triton to Adrenaline despite tom saying it was kept in a seperate account lol
the clutch should last more than 2 dyno sessions and no road driving as slipping at standard 260bhp so not even able to cope with standard power!!
martin
p1doc said:
very similar position to me then,new registration will hopefully be done but neil was planning for age related reg prior to administration so will have to wait to see how vosa view it!
To qualify for a new registration ALL the parts have to be brand new apart from one item (frequently the engine) which can be 'rebuilt to as new standard' and with evidence to support if required.This rule is actually bent all ove the place, I recently saw a new registered 7 for sale which had been fitted with a rebuilt RV8, and, get this, an LT77 gearbox! When did BL stop making those, I wonder? And, of course, a Sierra differential!
Just a thought, what sheme are these cars being tested under? There's one scheme for a manufacturer, and another for self builds.
To qualify for either a new or an age related plate, there will have to be good documentation of all the parts used, receipts etc. For a new reg obviously the receipts will have to indicate that the parts are new, for an age related there will have to be a certain number of parts all from the same donor vehicle (the age of which will provide the age related part of the registration. There will still have to be receipts for the other parts, of course.
To qualify for either a new or an age related plate, there will have to be good documentation of all the parts used, receipts etc. For a new reg obviously the receipts will have to indicate that the parts are new, for an age related there will have to be a certain number of parts all from the same donor vehicle (the age of which will provide the age related part of the registration. There will still have to be receipts for the other parts, of course.
p1doc said:
exactly so ian and myself will end up with an age related plate which will be worth less than a newly registered murtaya-depends on how vosa view it...
martin
...and you'll only get an age related plate if you have still the V5 and proof of the single donor car. If you can't get proof of a single donor you'll end up with a Q plate.martin
If you guys are are not diy kit builders you'll be better off finding a reputable company or person to finish, IVA and register your cars.
Furyblade_Lee said:
I have always wirdered about the weight claim of under 1000kgs. I have an impreza WRX, and I had it weighed with a full tank of fuel at a local weighbridge. Cannot remember the exact weight, but do remember is was closer to 1500kgs than 1400. 450 kgs is an awful lot to lose unless you go down the pointless "dry weight" route.
A few of the clubsub NZ guys have weighed Type-RA Imprezas and found them close (within expected margins of error) to the claimed 1200ish kg, shouldn't be too hard to lose 200kg by swapping to a smaller plastic body with no rear seats!My car came out at 1084kg with no driver but £20 of fuel in it and the 6 speed box so the weights are pretty good - no point in me spending too much on weight reduction though when a cheap diet would be the best way for me to get under the 100kg mark! 
That left hand drive carbon Murt looked interesting, so how many Carbon cars are out there?
On the colour note getting prices for a full respray because I think the Gulf colours are a bit "in your face" for my tastes and I prefer the subtle look, especially with a car that is rare. I loved the Montego Blue my old RX7 was in and so will have a play with some colour charts over the coming weeks.
I've not had the car long enough to start writing a report as Nick has done so will get some miles under my belt first but initial thoughts are that the performance is there (although clutch is slipping a bit and either the mapping isn't quite right or there is an air leak somewhere), need to do some finishing touches to get the car to look the price
suspension is setup far too hard for the English roads and I think 17" wheels would suit the handling better then the current 18" IMHO of course. There are also a couple of noises that need investigating before I take it out on it's first track day because after this wait i would be devistated to be sitting at Druids in the tyre wall because a component wasn't solidly mounted and / or failed.
Once these checks are done though I'm looking forward to getting some miles on it.
That left hand drive carbon Murt looked interesting, so how many Carbon cars are out there?
On the colour note getting prices for a full respray because I think the Gulf colours are a bit "in your face" for my tastes and I prefer the subtle look, especially with a car that is rare. I loved the Montego Blue my old RX7 was in and so will have a play with some colour charts over the coming weeks.
I've not had the car long enough to start writing a report as Nick has done so will get some miles under my belt first but initial thoughts are that the performance is there (although clutch is slipping a bit and either the mapping isn't quite right or there is an air leak somewhere), need to do some finishing touches to get the car to look the price
suspension is setup far too hard for the English roads and I think 17" wheels would suit the handling better then the current 18" IMHO of course. There are also a couple of noises that need investigating before I take it out on it's first track day because after this wait i would be devistated to be sitting at Druids in the tyre wall because a component wasn't solidly mounted and / or failed.Once these checks are done though I'm looking forward to getting some miles on it.
Eddie - v excited for you!
Prepare for the doors to take time to settle - mine have and after a few adjustments they are set now, also the roof will also need time to settle. Turbo hoses seem to pop their connections rather than leak and now they are all really tight all seems in order.
Hope you have a graet season!
Prepare for the doors to take time to settle - mine have and after a few adjustments they are set now, also the roof will also need time to settle. Turbo hoses seem to pop their connections rather than leak and now they are all really tight all seems in order.
Hope you have a graet season!
Gassing Station | Kit Cars | Top of Page | What's New | My Stuff