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Wren Engines go into Liquidation

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Andy Green21/08/2015 14:45:54
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2279 forum posts
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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

The Wright Stuff21/08/2015 14:50:48
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1383 forum posts
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I misread that title, and assumed it was a serious case of overheating!!!

Phil Green21/08/2015 15:23:31
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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.

Paul Marsh21/08/2015 16:03:35
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3582 forum posts
997 photos

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...

Dave Bran21/08/2015 16:44:01
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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.

Paul Marsh21/08/2015 17:10:42
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3582 forum posts
997 photos

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

Foxfan21/08/2015 17:25:18
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477 forum posts

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

stevejet6621/08/2015 20:02:48
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146 forum posts
28 photos

Would be a great shame if they did go, Just ordered some ceramic bearings for my jet, Hope i get them.

Tom Sharp 221/08/2015 20:17:14
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3331 forum posts
17 photos

The Avant-Garde always fell first.

cymaz21/08/2015 20:48:56
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8390 forum posts
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Found this

Percy Verance21/08/2015 21:04:57
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7812 forum posts
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Paul

There certainly can be issues with jets, although it can depend where and how they're operated. A few years back there were problems with someone operating a turbine in a club of which I used to be a member. The landowner spotted scorch-marks on his grass, and took exception to it......

Plus the guy piloting the jet had no "B" cert (but claimed he did), but that's another story altogether.........

Edited By Percy Verance on 21/08/2015 21:06:26

Ian Jones21/08/2015 23:07:44
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3218 forum posts
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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

yes Exactly.

Max5022/08/2015 07:14:55
178 forum posts
8 photos

Seems to be a new company setting up. www.wrenpowersystems.com

See RC Group Aircraft-Fuel-Jet Jet Turbine section.

Keith Simmons22/08/2015 11:36:16
443 forum posts
6 photos

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.

stevejet6622/08/2015 19:51:39
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146 forum posts
28 photos

Website not available, Have they pulled the plug completely?www.wrenturbines.co.uk

Edited By stevejet66 on 22/08/2015 19:52:14

stevejet6622/08/2015 19:58:03
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146 forum posts
28 photos

Maybe this is why they told me they had no ceramic bearings in stock and were a back order, Wouldnt take a deposit either.

Rich too23/08/2015 09:29:23
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2875 forum posts
1046 photos

 

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

Percy Verance23/08/2015 10:03:00
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7812 forum posts
150 photos

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.........

Area 5123/08/2015 11:24:09
653 forum posts
1 photos

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)

Dylan Reynolds LaserCraft Services23/08/2015 11:55:28
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1704 forum posts
661 photos

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.

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