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131 Steams again ...over 50 years later

Discussion in 'Steam Traction' started by Reading General, Dec 16, 2014.

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  1. Martin Perry

    Martin Perry Nat Pres stalwart Staff Member Moderator Friend

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    http://www.steamtrainsireland.com/photonews/20150222/
     
    Martin Perry, Feb 24, 2015
    #81
  2. Martin Perry

    Martin Perry Nat Pres stalwart Staff Member Moderator Friend

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    https://www.thegazette.co.uk/notice/2289402
     
    Martin Perry, Feb 24, 2015
    #82
  3. 61624

    61624 Part of the furniture

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    The London Gazette entry was posted earlier and was what prompted us to get in touch. I can only repeat that we were told that there is some form of financial restructuring going on and that RRNE is continuing to trade.
     
    61624, Feb 24, 2015
    #83
  4. gwalkeriow

    gwalkeriow Well-Known Member

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    RRNE is also known as Multi-Tal
     
    Last edited: Feb 25, 2015
    gwalkeriow, Feb 24, 2015
    #84
  5. davejonesf2015

    davejonesf2015 New Member

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    If you check the records. Multi-tal is formerly known as RRNE, it changed its name. It is not a company as part of a group it is the company. One of the directors has a haulage business, which is not attached, not part of Multi-tal. The facts are public records. Check it at out. There is plenty of info now on the internet. My facts are based on public records. If they are continuing to trade, they are doing so illegally as you rightly say. I'm sure the creditors will be interested to hear they are still undertaking work and trading. It may help some of them get thier money owed!
     
    davejonesf2015, Feb 25, 2015
    #85
  6. D7076

    D7076 Well-Known Member

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    1)The creditors meeting is tomorrow.
    2)The insolvency practitioners will have replaced the directors in their duties. It may be that they have used their professional judgement that the way to protect the creditors interests in the short term is to continue trading in order to find a buyer of the assets or as a going concern .Especially if there are some profitable contracts close to completion.
     
    D7076, Feb 26, 2015
    #86
  7. Reading General

    Reading General Part of the furniture

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    that's what I thought but didn't venture the opinion as I didn't know if that could be the case.
     
    Reading General, Feb 26, 2015
    #87
  8. Anthony Coulls

    Anthony Coulls Well-Known Member

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    I passed 171 heading south on a lowloader on the A1 near Darlington this afternoon, boiler in frames, but not complete
     
    Anthony Coulls, Feb 27, 2015
    #88
    davejonesf2015 and Reading General like this.
  9. Reading General

    Reading General Part of the furniture

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    good news
     
    Reading General, Feb 27, 2015
    #89
  10. davejonesf2015

    davejonesf2015 New Member

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    Good news its on the move. Bad news the work was not complete. I heard they had to get a crane in to lift it on and the boiler was lifted into the frames after. I was led to believe from other threads that the scope of work included the complete restoration. I hope they are not majorly short of funds to complete the restoration as a result.

    I find it disgusting though they are taking new work yet not completing existing commissions.
     
    davejonesf2015, Feb 27, 2015
    #90
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