muddywaters Posted September 27, 2014 Report Share Posted September 27, 2014 Just read on Facebook that Nottingham boat sales have gone into liquidation Link to comment Share on other sites More sharing options...
Alan de Enfield Posted September 27, 2014 Report Share Posted September 27, 2014 (edited) Is that the one at Castle Marina, or the 'offshoot' that's moved to Meadow Lane ? Edit - a quick google - Its the Meadow Lane ones. Edited September 27, 2014 by Alan de Enfield Link to comment Share on other sites More sharing options...
nickfryer Posted September 27, 2014 Report Share Posted September 27, 2014 Just read on Facebook that Nottingham boat sales have gone into liquidation Have you any links to these reports? Link to comment Share on other sites More sharing options...
steven wilkinson Posted September 27, 2014 Report Share Posted September 27, 2014 I heard the same -from that highly reputable 'Pillings Lock Marina' Facebook page! So until I read it from a properly reliable source . . . . . . . . . Link to comment Share on other sites More sharing options...
Ally Posted September 27, 2014 Report Share Posted September 27, 2014 (edited) No, I've heard the same, and not from pillocks lock. Edit: oops, I mean Pillings,.....obviously. Edited September 27, 2014 by Ally Link to comment Share on other sites More sharing options...
junior Posted September 27, 2014 Report Share Posted September 27, 2014 I'm sure someone posted something about this recently (within the last month) on here. I've noticed on AD that there are boats being advertised for sale at Nottingham Castle Marina by a brokerage called 'David Mawby Ltd'. I've not heard of them before and seem to remember that usually boats located at Castle Marina used to be for sale under the banner of 'Nottingham Boat Sales' Link to comment Share on other sites More sharing options...
Tuscan Posted September 28, 2014 Report Share Posted September 28, 2014 No, I've heard the same, and not from pillocks lock. Edit: oops, I mean Pillings,.....obviously. Good of them to post this saw they also expressed concern about someone losing money. The same type of concern they had for costing each and every boater a share of £180k owed to CRT when they went into liquidation I guess. Link to comment Share on other sites More sharing options...
Alanji Posted September 28, 2014 Report Share Posted September 28, 2014 Nottingham Boat Sales (The Shakespears) moved to Meadow Lane. David Mawby Ltd ran a cruiser sales op at the marina and has presumably expanded to sell narrowboats as well. Link to comment Share on other sites More sharing options...
Alan de Enfield Posted September 28, 2014 Report Share Posted September 28, 2014 junior, on 28 Sept 2014 - 12:51 AM, said: I'm sure someone posted something about this recently (within the last month) on here. I've noticed on AD that there are boats being advertised for sale at Nottingham Castle Marina by a brokerage called 'David Mawby Ltd'. I've not heard of them before and seem to remember that usually boats located at Castle Marina used to be for sale under the banner of 'Nottingham Boat Sales' Nottingham Boat Sales used to be at Nottingham Castle marina, but had a 'split up' with David Mawby Ltd (who owned the brokerage at Nottm Castle marina). Nottingham Boat Sales moved to Meadow Lane (on an Industrial area with River Trent frontage) and 'set up shop'. When we came past in June they must have had around 20 boats in the yard, and certanly as many, if not more, on pontoons on the river. Link to comment Share on other sites More sharing options...
jelunga Posted September 28, 2014 Report Share Posted September 28, 2014 A source has confirmed this as correct. Link to comment Share on other sites More sharing options...
nickfryer Posted September 28, 2014 Report Share Posted September 28, 2014 A source has confirmed this as correct. A friend of a friend who is waiting for his money on his boat sale has just been down to the Meadow Lane site and it is posted on the door with a number to call.... What a sorry state it looks like he may have lost all his money, many thousands. The purchaser has paid his money many weeks ago and has the boat. Who now is the Legal owner ? What a mess to sort out. Feeling very sorry for them. Link to comment Share on other sites More sharing options...
Traveller Posted September 28, 2014 Report Share Posted September 28, 2014 I thought client money had to be kept in an account isolated from that of the business so there could be no cross contamination. Link to comment Share on other sites More sharing options...
nickfryer Posted September 28, 2014 Report Share Posted September 28, 2014 I thought client money had to be kept in an account isolated from that of the business so there could be no cross contamination. I think that's more theory than fact with some companies. Link to comment Share on other sites More sharing options...
Traveller Posted September 28, 2014 Report Share Posted September 28, 2014 (edited) That being the case the company must be guilty under the client money rules and could be prosecuted surely. Individuals responsible for the misuse might not be able to hide behind the corporate veil. If they have used client money to fund the business that is at least theft and possibly fraudulent. Edited September 28, 2014 by Traveller Link to comment Share on other sites More sharing options...
junior Posted September 28, 2014 Report Share Posted September 28, 2014 A friend of a friend who is waiting for his money on his boat sale has just been down to the Meadow Lane site and it is posted on the door with a number to call.... What a sorry state it looks like he may have lost all his money, many thousands. The purchaser has paid his money many weeks ago and has the boat. Who now is the Legal owner ? What a mess to sort out. Feeling very sorry for them. How awful. Sometimes I'm not the most sympathetic person in the world, but I really feel for your friend. Link to comment Share on other sites More sharing options...
muddywaters Posted September 28, 2014 Author Report Share Posted September 28, 2014 Have you any links to these reports? I don't know where the person who told me got it from. They mentioned it to me because they thought it was where I had got my boat from, it wasn't Link to comment Share on other sites More sharing options...
Slimboat Posted September 28, 2014 Report Share Posted September 28, 2014 Hi. Signed up to respond to this. I suspect there will be a lot of people in the same situation as above. Nottingham Boat Sales has the receivers in as stated on the office door. His other company Findlay Properties is still trading, which could prove tricky from the same site. NBS was mostly brokerage and secondhand, FP was mostly new builds. No idea if that makes any difference to people in situations like mentioned above. Link to comment Share on other sites More sharing options...
Trillian Posted September 28, 2014 Report Share Posted September 28, 2014 oh no, I have my eye on one of the boats there. Hope those who are owed money get what they are due with no problems. Link to comment Share on other sites More sharing options...
Slimboat Posted September 28, 2014 Report Share Posted September 28, 2014 There's also a lot of boats on hard standing and the only way to move them is to hire a crane Link to comment Share on other sites More sharing options...
Mike Tee Posted September 28, 2014 Report Share Posted September 28, 2014 I supose it depends on the small print of any brokerage agreement, but I would have thought that selling something you didn't own, and keeping the proceeds was theft/fraud. So surely the property still belongs to the original owner. Buy a stolen car, and it gets taken away from you, with no refund. Awaits one of our legal experts.......... Link to comment Share on other sites More sharing options...
David Mack Posted September 28, 2014 Report Share Posted September 28, 2014 I supose it depends on the small print of any brokerage agreement, but I would have thought that selling something you didn't own, and keeping the proceeds was theft/fraud. So surely the property still belongs to the original owner. Buy a stolen car, and it gets taken away from you, with no refund. Awaits one of our legal experts.......... I was going to say the same. No comfort to the purchaser of course, but I think if the vendor hasn't received the money (less the broker's commission) then the boat is still legally his. But the vendor's problem is now to obtain possession. Link to comment Share on other sites More sharing options...
RichardH Posted September 28, 2014 Report Share Posted September 28, 2014 I think we may have had a lucky escape - one of our boats is there and the sale was in process but thankfully we hadn't signed anything over. If anyone can obtain for me the number stated on the door that would be appreciated. Link to comment Share on other sites More sharing options...
David Mack Posted September 28, 2014 Report Share Posted September 28, 2014 I think we may have had a lucky escape - one of our boats is there and the sale was in process but thankfully we hadn't signed anything over. If anyone can obtain for me the number stated on the door that would be appreciated. So can you now do the deal with the same buyer without the need to pay any commission? Link to comment Share on other sites More sharing options...
Mike Tee Posted September 28, 2014 Report Share Posted September 28, 2014 So can you now do the deal with the same buyer without the need to pay any commission? If the official Receiver is involved, they may have a thought about that one. Link to comment Share on other sites More sharing options...
Slimboat Posted September 28, 2014 Report Share Posted September 28, 2014 Whichever way around it is, some innocent party stands to loose a lot of money, whether it's the buyer or the seller Link to comment Share on other sites More sharing options...
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