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Maelstrom games enters liquidation

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Some slight sad news I stumbled upon today

Maelstrom Games wrote

Maelstrom Games Ltd. has ceased trading and will enter liquidation at some point over the next few months.

A creditor of Maelstrom Games Ltd., Wayland Games Ltd., issued a Statutory Demand under section 123(1)(a) or 221(1)(a) of the Insolvency Act, 1986 on the 17th of October, 2012 for �99,773.61 plus costs of issuing and serving the demand.

This debt was purchased from Simple Miniature Games by Wayland Games Ltd on the 1st of October, 2012 and payment of this debt was demanded in full by Wayland Games after seven days had elapsed. Unfortunately, Maelstrom Games Ltd. could not pay Wayland Games Ltd. this debt in full within those seven days.

Previous to the debt purchase, Maelstrom Games Ltd. was servicing the debt owed to Simple Miniature Games at the rate of �500 per working day, claimed by the creditor when convenient for him by charging a credit card owned by Maelstrom Games Ltd., which had been occurring since mid-June and continued to late September, the last payment being taken on the 25th. Maelstrom Games Ltd. did not cancel these payments and were not aware that this debt was being transferred.

Maelstrom Games Ltd. offered to pay the debt purchased by Wayland Games Ltd. in the same manner as it had paid Simple Miniature Games, but this was not taken up by Wayland Games Ltd.

Maelstrom Games Ltd. can only apologise to those customers whose orders have not been fulfilled as it is now impossible for Maelstrom Games Ltd. to fulfil them, excepting those for Mierce Miniatures products (fulfilled by Mierce Miniatures in November) and Battlefront Miniatures products (fulfilled by Maelstrom Games in partnership with Battlefront Miniatures and Maunsfeld Gaming in November), all of which will be sent by Maelstrom Games Ltd. Other customer orders for certain ranges may be fulfilled in the future and any customers whose orders can be fulfilled will be contacted by Maelstrom Games in due course.

All creditors will be issued the relevant notices by the assigned Insolvency Practitioner when Maelstrom Games Ltd. enters liquidation.

A big shame as they had a great range of stuff and pretty amazing prices, perhaps to amazing it would seem!

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greenstuff_gav

Re: Maelstrom games enters liquidation

amazing prices as they had nuffin in stock!

i'm not a fan with how the whole mess has been handled (SMG selling the debt, Wayland forcing MG out of business) but on the whole MG kept taking peoples money until they went out of business and i don't doubt "maunsfield gaming" and "Eye of the storm" will continue to provide crap service.

good riddance say i!

Simple Miniatures' Statement:
http://simpleminiaturegames.com/index.php?page=900

Build Your Imagination
Stuff To Sell
Wargaming @ Radstock

BobbieTheDamned

Re: Maelstrom games enters liquidation

greenstuff_gav wrote

amazing prices as they had nuffin in stock!

They did tend to sell out of stuff pretty quick but I've been buying bits and pieces off them for years.

greenstuff_gav wrote

i'm not a fan with how the whole mess has been handled (SMG selling the debt, Wayland forcing MG out of business) but on the whole MG kept taking peoples money until they went out of business and i don't doubt "maunsfield gaming" and "Eye of the storm" will continue to provide crap service.

It does seem like a crazy situation, I've not been aware of any of this until now...seems a bit of a dick move by Wayland.

MortiS-the-Lost

Re: Maelstrom games enters liquidation

Online discount stores like Maelstrom and so on lost a huge chunk of their business at the time of the GW Aus embargo, I'm surprised it took this long for Maelstrom to collapse.

I think this should serve as a lesson for the remaining online discount businesses - don't rely on GW products for the majority of your business, GW may some day create some way of taking away your ability to offer such discounts on their products (and you know they'd like to). So diversify, widen your market and do what you can to promote alternative wargaming - you can't rely on riding on GW's coat-tails forever, so take control of your market before it's too late!

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~The ravings of a single mad Goblin is bad enough, but such a power-hungry, malice-filled creature as Mortis can never hope to be understood~

Richie the Orc

Re: Maelstrom games enters liquidation

In reply to this post by BobbieTheDamned

Shame, I used their service sometimes...oh well have to go elsewhere I suppose.

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