Andy Green Posted August 21, 2015 Share Posted August 21, 2015 Just seen this on the RCMF forum, anyone know if its true? Bad news if it is I'm saving up for one. Andy Edited By Andy Green on 21/08/2015 14:46:59 Quote Link to comment Share on other sites More sharing options...
The Wright Stuff Posted August 21, 2015 Share Posted August 21, 2015 I misread that title, and assumed it was a serious case of overheating!!! Quote Link to comment Share on other sites More sharing options...
Phil Green Posted August 21, 2015 Share Posted August 21, 2015 Posted by Andy Green on 21/08/2015 14:45:54: Bad news if it is I'm saving up for one. ...worse news if you've paid up front. Quote Link to comment Share on other sites More sharing options...
Paul Marsh Posted August 21, 2015 Share Posted August 21, 2015 I heard about it at Winterton last weekend. Not surprising, as there are now many companies making the engines, where Wren was one of the first, now there is stiffer competition and development, maybe they didn't move with technology, maybe prices, but in the end there are only so many who can afford a jet turbine... Quote Link to comment Share on other sites More sharing options...
Dave Bran Posted August 21, 2015 Share Posted August 21, 2015 Posted by Paul Marsh on 21/08/2015 16:03:35: but in the end there are only so many who can afford a jet turbine... Which seems to assume that if you can afford one, you'd want one. I don't. Quote Link to comment Share on other sites More sharing options...
Paul Marsh Posted August 21, 2015 Share Posted August 21, 2015 I'm not that interested in a Jet, maybe if I had the money might get one, and if I did it probably wouldn't be a Wren, anyway, so even the catchment area is even smaller. Added to that, lack of suitable flying sites, even some clubs, where there is plenty of space, including an airfield, like Langar, you can't fly jets throughout most of the summer months, because of the crops. The restrictions are too much because of that, which puts me off. Edited By Paul Marsh on 21/08/2015 17:14:01 Quote Link to comment Share on other sites More sharing options...
Foxfan Posted August 21, 2015 Share Posted August 21, 2015 A great shame. Another British company goes to the wall. I could never afford one, but if I could, it would have been a Wren. MrTin Quote Link to comment Share on other sites More sharing options...
stevejet66 Posted August 21, 2015 Share Posted August 21, 2015 Would be a great shame if they did go, Just ordered some ceramic bearings for my jet, Hope i get them. Quote Link to comment Share on other sites More sharing options...
Former Member Posted August 21, 2015 Share Posted August 21, 2015 [This posting has been removed] Quote Link to comment Share on other sites More sharing options...
cymaz Posted August 21, 2015 Share Posted August 21, 2015 Found this Quote Link to comment Share on other sites More sharing options...
Former Member Posted August 21, 2015 Share Posted August 21, 2015 [This posting has been removed] Quote Link to comment Share on other sites More sharing options...
Ian Jones Posted August 21, 2015 Share Posted August 21, 2015 Posted by Foxfan on 21/08/2015 17:25:18: A great shame. Another British company goes to the wall. I could never afford one, but if I could, it would have been a Wren. MrTin Exactly. Quote Link to comment Share on other sites More sharing options...
Max50 Posted August 22, 2015 Share Posted August 22, 2015 Seems to be a new company setting up. www.wrenpowersystems.com See RC Group Aircraft-Fuel-Jet Jet Turbine section. Quote Link to comment Share on other sites More sharing options...
Keith Simmons Posted August 22, 2015 Share Posted August 22, 2015 Sadly it's legal to rip off creditors, and transfer everything except the debit. Sounds too much like cowboy builder tactics and the market for Jet turbines is very small so they may or may not have shot themselves in the foot. I hope any modellers have not lost out with their hard earned cash with the original Wren company or lost their orders. Quote Link to comment Share on other sites More sharing options...
stevejet66 Posted August 22, 2015 Share Posted August 22, 2015 Website not available, Have they pulled the plug completely?www.wrenturbines.co.uk Edited By stevejet66 on 22/08/2015 19:52:14 Quote Link to comment Share on other sites More sharing options...
stevejet66 Posted August 22, 2015 Share Posted August 22, 2015 Maybe this is why they told me they had no ceramic bearings in stock and were a back order, Wouldnt take a deposit either. Quote Link to comment Share on other sites More sharing options...
Rich too Posted August 23, 2015 Share Posted August 23, 2015 Posted by Keith Simmons on 22/08/2015 11:36:16: Sadly it's legal to rip off creditors, and transfer everything except the debit. Sounds too much like cowboy builder tactics and the market for Jet turbines is very small so they may or may not have shot themselves in the foot. I hope any modellers have not lost out with their hard earned cash with the original Wren company or lost their orders. Actually, it is not. It is not legal to transfer and trade off the goodwill - which is an asset of the company dissolved. It appears to be rarely enforced however, I know because my firm has suffered from these Phoenix companies. The authorities are useless. Edited By Rich2 on 23/08/2015 09:29:58 Quote Link to comment Share on other sites More sharing options...
Former Member Posted August 23, 2015 Share Posted August 23, 2015 [This posting has been removed] Quote Link to comment Share on other sites More sharing options...
Area 51 Posted August 23, 2015 Share Posted August 23, 2015 Interesting times.. its a small market I guess.. so I hope any new business diversifies too! I'm a JETCAT kinda guy myself; however I do not like to see a British product be lost; the finances are what they are and the laws of the UK let a lot great things go unpunished! (In no way to I mean to under estimate the problem caused for the creditors one bit) Quote Link to comment Share on other sites More sharing options...
Dylan Reynolds LaserCraft Services Posted August 23, 2015 Share Posted August 23, 2015 Mud sticks only if it is thrown! Seems to me that no one wants to give what may possibly be some new potential owners a chance, these guys may be putting a rescue package together to save Wren, they may be former employees looking at a buy out, or even it might be a pheonix company with the same captains at the controls, nobody knows, because there is no information out there yet! so guys, please don't tarnish the reputation of something that hasn't even been given a chance to get off the ground yet. Quote Link to comment Share on other sites More sharing options...
Rich too Posted August 23, 2015 Share Posted August 23, 2015 Posted by Percy Verance on 23/08/2015 10:03:00: Those behind the Wren company, or whoever it is setting up what appears to be a new company, needs to issue a statement explaining what has happened and why. They also need to clarify where they stand with regard to moving forward, orders placed with the old company, and money owed in other respects. I rather feel if they don't do this soon, much of the modelling community will turn their backs on the new company. Mud sticks in this business......... I agree, it doesn't help. Quote Link to comment Share on other sites More sharing options...
Rich too Posted August 23, 2015 Share Posted August 23, 2015 Posted by Dylan Reynolds LaserCraft Services on 23/08/2015 11:55:28: Mud sticks only if it is thrown! Seems to me that no one wants to give what may possibly be some new potential owners a chance, these guys may be putting a rescue package together to save Wren, they may be former employees looking at a buy out, or even it might be a pheonix company with the same captains at the controls, nobody knows, because there is no information out there yet! so guys, please don't tarnish the reputation of something that hasn't even been given a chance to get off the ground yet. I agree, my comment about pheonix companies was a general one, not aimed at Wren at all. Quote Link to comment Share on other sites More sharing options...
TIM ANGELL Posted August 23, 2015 Share Posted August 23, 2015 I feel very fortunate, I ordered a Wren 80 at the beginning of April and paid in full, they quoted 4/5 weeks. After 6 weeks I phoned several times ,they kept promising delivery in a few days with excuses like their suppliers letting them down,etc It did eventually arrive after ten weeks. How a company can be in so much debt when in effect their customers are providing free credit is beyond me. I have no inside information but I suspect the new company will be producing turbines for power generation etc . nothing to do with the model industry . As I said I feel very lucky and I feel very sorry for those who are out of pocket . I hope the new company will do the decent thing and at least fulfill their existing orders . Tim Quote Link to comment Share on other sites More sharing options...
Dylan Reynolds LaserCraft Services Posted August 23, 2015 Share Posted August 23, 2015 That wasn't a dig at your comment or you Rich, or anyone else for that matter, I was also talking generally, a company finds themselves in the unfortunate position of making a huge decision (if it wasn't made for them) to close and people start talking about details they know nothing about, if administrators are involved, then everybody who is directly affected by this will be approached whether it is debtors or creditors, I hope for the people who have placed orders and paid get what they want, be it the goods or refunds. The new operators of the business will only be responsible for any of the aftermath if they have bought the company along with the debt, which is what usually happens when companies get exchanged for £1. All I want to say is, give the new guys a chance, they obviously want to give the brand a second chance. Quote Link to comment Share on other sites More sharing options...
Former Member Posted August 23, 2015 Share Posted August 23, 2015 [This posting has been removed] Quote Link to comment Share on other sites More sharing options...
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