ROSSO CORSA SALES LTD | FerrariChat

ROSSO CORSA SALES LTD

Discussion in 'United Kingdom' started by Insolvency Service, Aug 14, 2006.

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  1. Insolvency Service

    Aug 14, 2006
    1
    This company was placed into compulsory liquidation on 02 May 2006. I am the examiner who is handling the administration and investigation of the company on behalf of the Official Receiver, who is part of the Department for Trade and Industry’s Insolvency Service. Additional information about the Official Receiver and the Insolvency Service can be obtained from www.insolvency.gov.uk.

    If anybody is a creditor of the company or has any relevenat information I would be grateful to receive this. You may contact me on [email protected], please label the subject title “ROSSO CORSA SALES LTD”. Alternatively, you may write to

    Official Receivers Office
    London B
    21 Bloomsbury Street
    London
    WC1B 3SS

    Examples of useful information would be if you have information previously unknown to the Official Receiver, which identifies undisclosed assets or debts, or about misconduct on the part of the directors which contributed significantly to the cause of the insolvency.

    What type of misconduct is relevant?

    Examples of misconduct within the company are:-

    Non-disclosure, removal or retention of company assets;

    Failure to maintain, deliver up or preserve accounting records which account for a loss to the company;

    Disposal of assets at less than their true value resulting in a loss to creditors;

    Payment of some creditors in preference to others;

    Excessive remuneration, dividend payments or pension contributions or other payments or provision of goods and services to directors;

    Failure to supply goods or services wholly or partly paid for, resulting in a loss to creditors;

    Any fraud, fraudulent trading, breach of trust or other dishonest activity in respect of the company’s trading;

    Successive companies trading using the same name, assets and staff with the same directors including those ceasing to trade, leaving creditors unpaid;

    Disqualified directors or undischarged bankrupts acting in the management of the company;

    Non-appointed directors controlling the company’s affairs;

    Continuing to trade beyond a point when the directors knew or should have known, due to creditor pressure, that the company was insolvent, thereby causing increased debts to creditors;

    False or misleading representations to creditors about the company’s financial position;

    Failure to co-operate with the Official Receiver or liquidator.
     
  2. LetsJet

    LetsJet F1 Veteran
    Owner

    May 24, 2004
    9,334
    DC/LA/Paris/Haleiwa
    Full Name:
    Mr.
    If this is a UK issue, you might want to post this in the UK section also.


    Good luck
     
  3. andrewg

    andrewg F1 Rookie
    BANNED

    Sep 10, 2002
    4,667
    Chester, England
    Full Name:
    AndrewG
    Chris, have a look at the threads on this very subject in the UK section......

    One small question though, if somebody trades fardulently whilst insolvent can they be prosecuted after the fact (like about 2 years after being discharged)?
     
  4. artcar

    artcar Rookie

    May 18, 2006
    6
    I have a court order against Richard Lukins and Rosso Corsa Sales dating back to last September when I appointed them agents to sell my Maserati.

    I have a great deal of information on Richard Lukins and his companies, in particular his personal mobile phone number should anyone wish to 'discuss' their claims with him. He takes calls from me but up until now I've only phoned during business hours......and no, I haven't seen any of my money yet.
     
  5. andrewg

    andrewg F1 Rookie
    BANNED

    Sep 10, 2002
    4,667
    Chester, England
    Full Name:
    AndrewG

    Drop Christopher an e-mail and ask him to call you to discuss.
     
  6. steve f

    steve f F1 World Champ

    Mar 15, 2004
    12,119
    12cylinder town
    Full Name:
    steve
    my personal opinion is that this thread should not be on here as it seems to be a wich hunt by a few every body that has posted on rosso corsa in the past 3 months are not regular users they seem to use this forum to pull this company down if it was done by regular posters stating facts then fair enough

    just my thoughts on this thread
     
  7. artcar

    artcar Rookie

    May 18, 2006
    6
    Steve - you have a message........
     
  8. 15hn

    15hn Formula Junior

    Apr 6, 2005
    565
    Full Name:
    HN
    Thats because no regular poster would ever deal with RC because they are fully aware of how RC have conducted themselves.

    Would you have given RC your car on SOR?
     
  9. andrewg

    andrewg F1 Rookie
    BANNED

    Sep 10, 2002
    4,667
    Chester, England
    Full Name:
    AndrewG

    1. This thread was started by The Insolvency Service asking for help.
    2. It was transfered from the General section to the UK by the sites owner.
    3. With the exception of the person who started this thread every other poster is an Fchat regular.
    4. The company being investigated is insolvent, which of course means there are strict rules around it's trading activity, there have been a number of threads from Ferrari & Maserati owners who have lost 10's of thousands of pounds over this and they have already posted details of court cases / judgements.
     
  10. dongerdude

    dongerdude Formula 3

    Mar 17, 2006
    1,200
    Full Name:
    Carl
    I actually think that a thread like this increases F-chat's credibility. Why shouldn't the insolvency service be assisted by f-chat in collecting information? As a consumer it's reassuring to know that the insolvency service take cases like this seriously, hopefully it will result in some of those who have lost their cars/money in being reimbursed for such losses.
     
  11. stevew

    stevew Formula 3

    Jun 9, 2002
    1,839
    uk
    Full Name:
    Steve
    I wouldn't give anyone my car on SOR
     
  12. steve f

    steve f F1 World Champ

    Mar 15, 2004
    12,119
    12cylinder town
    Full Name:
    steve
    I agree i wouldnt either it amazes me how people will give somebody that they dont really know a car of such value if the same person asked them to borrow 5 grand they would not do it but will give them a 70k car to sell
     
  13. Bronco Jr

    Bronco Jr Guest

    Very, very good point. Its a big risk however you look at it. Only done it once and that was on a £2K bike, with a dealer I knew personally, but I was still nervious...
     
  14. 15hn

    15hn Formula Junior

    Apr 6, 2005
    565
    Full Name:
    HN
    So you guys wouldnt give your car to Graypaul or Maranello on SOR like Enzo owners have done?

    What do you guys do when you buy a car? Do you bring bags of cash with you on the day you plan to collect the car just in case the dealer runs away with your money? Dont forget the person who gave a £10k deposit on a Maserati to never see the car. I guess you guys dont do deposits either?

    If these threads protect consumers (whether regulars or not) then I dont see what the problem is. It's rather sellfish to think that these sort of posts are reserved solely for the regulars.

    This thread has been started by the O.R. (a civil servant). He is sharing information which he sees fit to post on here in the interests of the public. He has also asked for assistance in his investigation. Thats hardly a witch hunt, thats him doing his job.
     
  15. Bronco Jr

    Bronco Jr Guest

    Fair point, I did leave a deposit for my 328 - £300, but I did take the service book, reconing that the book was worth more than that. CHAPS'd the money to the guys personal account the day I collected it. but had been to his house etc. was still nervious, couldnt afford to loose that kind of money (small beer next to some of the values talked about)

    Graypaul is part of sytner is it not? Unlikely to disapear, but if they did then what?

    I've got a supplier at work who hold tooling I paid for, Recievers are in and I cant get my tooling out... Same could happen with a car.

    I dont think its a witch hunt - and agree that such info is for the benifit of all and should be in the public domain. My point was solely with SOR..
     
  16. stevew

    stevew Formula 3

    Jun 9, 2002
    1,839
    uk
    Full Name:
    Steve
    No

    Don't do deposits,If I want a car,will view it,buy it and take it away same day.
     
  17. 15hn

    15hn Formula Junior

    Apr 6, 2005
    565
    Full Name:
    HN
    Come on... if you are going to think like that then you may as well lock the doors and hide underneath the bed in case you get run over by a bus.

    Well each to their own. Although I guess that does restrict you. For instance you wouldnt be able to order a new Ferrari, order a new kitchen, furniture, carpets, buy a property, etc....
     
  18. andrewg

    andrewg F1 Rookie
    BANNED

    Sep 10, 2002
    4,667
    Chester, England
    Full Name:
    AndrewG

    Steve whilst I do exactly the same thing most people don't,

    with a lot of people due to the sums involved they really don't like paying or accepting what's probably over £10k in cash (and I really don't like filling in the bloody declaration forms!) these people tend to pay by bankers draft or wire transfire....which lets face it sometimes don't go through on the same day or in the case of the draft you'll want cleared before you wave goodbye to the car.

    I think leaving posts like this up server as a warning to people who don't buy cars on a regular basis and sometimes need a prod in the right direction
     
  19. anthony

    anthony Rookie

    Jan 11, 2004
    49
    Manchester UK
    Just my two penneth'

    Anybody who asks for a 10 grand deposit is in the s*** big style with money !..... i would run a mile.

    Anybody who gives 10 grand as a deposit has more money than sense... I'm sorry if that has offended somebody.

    SOR is a cheap way to appear to have a lot of stock, and make the company look bigger and more successful than it is. If your car disappears overnight ..who you gonna call Ghostbusters?

    I would prefer to put up with 20 tyre kickers when selling my car than see some smug b***ard, laughing on the other side of a county court table when i'm trying to retrieve what was mine. Knowing our laws he'll probably end up trading again under another name in 6 months time.

    As a business practice I feel that second hand showrooms dealing with SOR stock should be clamped down on by the office of fair trading or other goverment appointed bureau. It wreaks of people who cannot afford to stock an ongoing business, and therefore in my opinion shuld not be allowed to run one.

    And before somebody shouts all manufacturesr operate this policy on new cars, I used to work for Ford and it is a completely different ball game.

    Cheers
     
  20. steve f

    steve f F1 World Champ

    Mar 15, 2004
    12,119
    12cylinder town
    Full Name:
    steve
    dont matter who they are usually in buisness the bigger they are the more they owe it only needs the bank ect to pull the plug and you have lost loads had this done in the late eightys when ABERSOCH LAND AND SEA went bust lost my boat tried everthing even stole it back and got locked up and had to give it back always read the small print on the sale or return stuff they could sell me your car for 10k that you wanted 50k for and there is nothing you can do about it
     
  21. stevew

    stevew Formula 3

    Jun 9, 2002
    1,839
    uk
    Full Name:
    Steve
    1. Would never buy a new car
    2. Kitchen,furniture,carpets etc,deposit if required on credit card,therefore insured.
    3. Property,last property I bought was the 20,000sqft Mill that we operate from,viewed it,surveyed it,paid for it.If I did have to hand a deposit over it would have been to my solicitor,whom I can trust not to run off with my money.
     
  22. stevew

    stevew Formula 3

    Jun 9, 2002
    1,839
    uk
    Full Name:
    Steve
    During my search for a 348 Spider,every time I found a car that was looking good I found the nearest branch of my bank to where the car was located,found out where the owner banked,arranged with my Bank Manager to make sure that the branch of my bank, local to the car was aware that I may be in the next day to transfer the funds/arrange a bank draft to the seller that day.All the time the car would have been with me or one of my colleage's.
     
  23. racespecferrari

    racespecferrari F1 Veteran

    Jan 31, 2006
    7,583
    Suffolk, Uk
    Full Name:
    Pete.G By The Sea

    Same here, I wouldn't take the risk

    But I do sympathise with those at loss
     
  24. KenC

    KenC Formula 3

    Dec 7, 2003
    2,120
    Kent, UK
    Full Name:
    Ken
    £10k is now the standard initial deposit for a new V8 Ferrari from a official dealer. An additional £10k is required upon specification making £20k. If its a V12 the initial deposit os now £20k, making £30k deposit in total.

    When I bought my new 360 it was £5k & £5k, so I guess you would say I have not a lot of sense. No offence taken ;) .
     

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