Any news about SAFETY DEVICES?

Question

People Hi,it has today been announced through one of the main LR related fora (forums)that SAFETY DEVICES has entered into receivership or something like that(shutting down, filing for closure etc)Can anyone please confirm the truth of that?It is a bit strange for such a thing to happen so suddenly and especiallyconsidering that their new internet site has been introduced a few weeksago, that they were enquiring for new worldwide distributors and more sobecause of the event they had announced.Awaiting for your kind input.If it is true it will be an extremely sad development in view of the strongconnections of the company with LR.Take carePantelis GiamarellosLAND ROVER CLUB OF GREECE

bellautos · Accepted Answer

Sorry to post off topic :(But hello peter ive not spoke to you for a while so i thaught i wouldsay hello

bellautos · Answer

Sorry for the name mistake peter = Pantelis :( i was reading something whlie typing lol

David French · Answer

I'd heard they'd gone into administration - this is different than going into receivership; it means that an administrator is appointed on behalf of creditors to run the company and either trade them out of a debt / cashflow problem, or sell off the assets. It doesn't necessarily mean they're going out of business, although that's one possibility.

However, this is all rumour and I've not heard anything "official".

David

Pantelis Giamarellos · Answer

David Hi,this is far better than what I heard and it makes me feel less sorry.It is always a shame and very sad to hear that such well known companies soclosely related to Land Rover and its vehicles have problems.Lets hope that the admistrators will be able to pull the company out oftrouble, if of course the rumours are true.Anyone knows what will happen with the Safety Devices weekend?Take carePantelis

David French · Answer

I've now heard, also through the rumour mill, that they have now been declared in receivership - this means they have gone out of business, after all. Somebody could still buy the company up and carry on trading though; the brand must be worth something.

David

Dougal · Answer

This may be what we did not wish to see: it may not be 'our' firm. I don't have enough information to make a positive connection.

Mark Williamson · Answer

Nothing on the Safety Devices web site, and they are based in Soham, Cambs, although they might have an office address in Cheltenham?

Any news about SAFETY DEVICES?

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