Ralliart UK will cease to trade as Ralliart UK in the next 3 months, following a recent court battle with CCC. They are currently working on a new name, to be confirmed shortly.
Ralliart UK broadens its horizons!
15th March 2002
Ralliart UK will be re-launching its business under a new name, to better reflect its target of being the UK's leading centre for the sale, maintenance and tuning of a wide range of European and amp; Japanese performance vehicles.
This means that whilst the firm will remain the leading UK expert for supplying, maintaining, tuning and underwriting Evolution cars, they can also be recognised for their ability to provide similar services for Subaru, Toyota, VW etc.
That's a bit harsh and out of order isn't it?However, CCC/Ralliart/Coordsport come over as a bunch of cowboys - so beware!
Probably right, I'm no lawyer, but no one has said anything about liquidation (?), rather than speculate perhaps we should wait and see what happens? I'm sure the guys at Ralliart and CoOrd know what they're doing and will do whatever they can to retain existing customers, as they always have in my opinion.once a company liquidates in any form it legally doesn't have to obligate to any warranty work!
Warranty holders per se will not be creditors of the Company unless a claim has been made under the warranty and this claim is unsettled. Since they would not be a creditor, they would be entitled to no distribution from surplus assets on the winding up of the Company. It is not common practise - and I am not aware that there is any legal obligation - for the Company to establish any fund for the purposes of financing any future claims .Warranty holders become a class of unsecured creditors. If there is enough money to cover future warranty claims, then there is no problem.
A Company can be liquidated irrespective of its financial status, including when its assets are in excess of its liabilities. However, there are legal safeguards that will protect creditors (secured and unsecured) on a winding up.... a company only goes into liquidation if it is insolvent...