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Snippet of info i saw over on the Wyrd Forums, looks like SMG , the uk's biggest wargames distributor (Malifaux, Hordes/WM, Infinity, etc) have cut dies with Maelstrom due to the debt and sold on the debt to a debt collection company.

http://www.wyrd-games.net/showthread.php?36615-Retro-Fate-Deck-out-of-stock&p=466860&viewfull=1#post466860

Valiant wrote:

Snippet of info i saw over on the Wyrd Forums, looks like SMG , the uk's biggest wargames distributor (Malifaux, Hordes/WM, Infinity, etc) have cut dies with Maelstrom due to the debt and sold on the debt to a debt collection company.

http://www.wyrd-games.net/showthread.php?36615-Retro-Fate-Deck-out-of-stock&p=466860&viewfull=1#post466860

 The Stranger wrote:

Valiant wrote:

Snippet of info i saw over on the Wyrd Forums, looks like SMG , the uk's biggest wargames distributor (Malifaux, Hordes/WM, Infinity, etc) have cut dies with Maelstrom due to the debt and sold on the debt to a debt collection company.

http://www.wyrd-games.net/showthread.php?36615-Retro-Fate-Deck-out-of-stock&p=466860&viewfull=1#post466860

The Pain Train has no brakes!!!!

Valiant wrote:

Snippet of info i saw over on the Wyrd Forums, looks like SMG , the uk's biggest wargames distributor (Malifaux, Hordes/WM, Infinity, etc) have cut dies with Maelstrom due to the debt and sold on the debt to a debt collection company.

http://www.wyrd-games.net/showthread.php?36615-Retro-Fate-Deck-out-of-stock&p=466860&viewfull=1#post466860

Wellity wellity wellity.

Hope everyone put their claims in.

I can report that my sale items orderd on Saturday have arrived OK today,

that used up the last of my cashback so I'll leave things for now for Maelstrom to resolve in one way or another.

I hope everybody else gets their remaining stuff ok

Email today part of my order dispatched still short of £23 worth of order and no reply to my query re this as their site says no longer available on these other items


Automatically Appended Next Post:
Anyone thought of selling this thread to hollywood make a damd exciting movie!!!!!!

Received a dispatch notification today for the main part of a split order, so hoping that arrives OK (my other on did).

That leaves me with the grand total of 1 bottle of Army Painter paint outstanding.

Just read that post on the Wyrd Forums - sounds bad for Maelstrom unless he get's lucky and whoever has bought the debt turns out to be a venture capitalist - they might even get an investment! - I'm being far too optimistic here aren't I?
More than likely someone else will take over and draw back all the company assets assuming the director hasn't done a runner to a non-extradition country!
Post a watch on the airports!

I'm waiting to see if my Paypal refund will make it to my account.....

Second and final order arrived today on schedule, missing the one item that was split as expected.

Can't see how there can be much longer to go before we hear something, there's nothing left!

NOOOO all my missing items including the mysterous, and now very suspect, sudden apperance items are malifaux

I've lost £50 haven't I....

Ahhh well this thread has told me one thing, shop next at Wayland, good communication :and attutiude -)

Am I the only one surprised by the fact that maelstrom games shop and eye of the storm shop have the same phone number and same address ?

But some items are labelled "in stock" at the eye of the storm but "out of stock" at maelstrom....

captain tanuki wrote:
Am I the only one surprised by the fact that maelstrom games shop and eye of the storm shop have the same phone number and same address ?

But some items are labelled "in stock" at the eye of the storm but "out of stock" at maelstrom....

Possibly

Maelstrom and EOTS are separate Ltd companies, despite sharing the same addresses and telephone numbers. It is common for companies to create shells or subsidiaries operating out of the same addresses.

EOTS stock will not be used to fulfill Maelstrom orders. EOTS Ltd (or whatever it's official title is) are not liable for Malestroms failures.

Valiant wrote:

Snippet of info i saw over on the Wyrd Forums, looks like SMG , the uk's biggest wargames distributor (Malifaux, Hordes/WM, Infinity, etc) have cut dies with Maelstrom due to the debt and sold on the debt to a debt collection company.

http://www.wyrd-games.net/showthread.php?36615-Retro-Fate-Deck-out-of-stock&p=466860&viewfull=1#post466860

Do they have any other options for Infinity, like ordering directly from Corvus Belli? I really don't believe that they want to scam anyone, but it gets difficult to keep your promises when suppliers refuse to trade with you... Maybe Maelstrom will transfer the outstanding orders to EOTS and let that company complete the orders? Perhaps that's what the "MAEL" means? Some code to differentiate between regular EOTS business and the leftovers from MG?

They could try alternate distributors or direct from manufacturers if they aren't in debt to them too

(although they'll probably have to pay upfront, which could be one of the reasons for the sale)

I can't imagine EOTS will be able to buy from a distributor who cut off maelstrom (at least before debts are paid), but that would be up to the distributor, again maybe upfront cash would make it happen

 Mr. Burning wrote:

captain tanuki wrote:
Am I the only one surprised by the fact that maelstrom games shop and eye of the storm shop have the same phone number and same address ?

But some items are labelled "in stock" at the eye of the storm but "out of stock" at maelstrom....

Possibly

Maelstrom and EOTS are separate Ltd companies, despite sharing the same addresses and telephone numbers. It is common for companies to create shells or subsidiaries operating out of the same addresses.

EOTS stock will not be used to fulfill Maelstrom orders. EOTS Ltd (or whatever it's official title is) are not liable for Malestroms failures.

If it were that simple everyone would move their assets to another company the moment one was in trouble It's not and EotS (which I think has already had the company renamed as something else) only took the assets in the last 2 weeks so they likely will be liable for Maelstrom's failures.

Mierce was a dormant company before February this year so Banelegions is exposed as well.

 Baragash wrote:

 Mr. Burning wrote:

captain tanuki wrote:
Am I the only one surprised by the fact that maelstrom games shop and eye of the storm shop have the same phone number and same address ?

But some items are labelled "in stock" at the eye of the storm but "out of stock" at maelstrom....

Possibly

Maelstrom and EOTS are separate Ltd companies, despite sharing the same addresses and telephone numbers. It is common for companies to create shells or subsidiaries operating out of the same addresses.

EOTS stock will not be used to fulfill Maelstrom orders. EOTS Ltd (or whatever it's official title is) are not liable for Malestroms failures.

If it were that simple everyone would move their assets to another company the moment one was in trouble It's not and EotS (which I think has already had the company renamed as something else) only took the assets in the last 2 weeks so they likely will be liable for Maelstrom's failures.

Mierce was a dormant company before February this year so Banelegions is exposed as well.

It is that simple. People do it all the time.

It's called a pre pack administration and is more tightly controlled than it once was but still doable and legal, if debatably moral.

From Maelstrom webpage:

No contract will subsist between you and Maelstrom Games Ltd for the sale by it to you of any product unless and until Maelstrom Games Ltd accepts your order by confirming that it has dispatched your product via an e-mail sent to your registered address. For the avoidance of doubt, any such contract will be deemed to have been concluded in England. Further, any such contract will be interpreted, construed and enforced in all respects in accordance with the laws.

I am no British legal expert since I am from Germany but if I read this correctly, does it mean that I do have no contract with maelstrom games until they ship my orders? I have almost 400€ of GW stuff ordered and am extremely worried right now. If no contract is existent, I tend to order my credit card company to withdraw all charged front payments by maelstrom games. If by accident they should deliver anything I would pay them again and reimburse MG with the penalty payment of the cc company.

Any suggestions would be nice. With the statement I am almost certain that no out of stock order will be fulfilled anymore.

Thx Lorien



Sent from my iPad using Tapatalk HD

Lorien, your case is pretty straightforward : ask for a refund from your credit card company. There is absolutely no hope that MG will ship you GW stuff. Even if they wanted, they cannot order from GW anymore.

On a sidenote, i would not be worried about whats written on MG's webpage. It has no legal value. The legal rules for internet sales are pretty clear, if you have paid the contract exists. Period.

But that should not prevent you from making a claim to your credit card company as soon as possible !!!

Thank you for your quick reply! I will file a case straight away!

Can some UK lawyer tell, how bancruptcy works in the UK? In Germany there are rules that prevent a company close to bancruptcy to transfer money to other companies just to reduce the bankrupt's assets, a case of fraudulent bankruptcy.

Not as a lawyer but as a company director.

Limited companies don't go bankrupt they can choose to liquidate. Voluntary liquidation is at the choice of the directors, if there is sufficient money to pay all debts then it's a fairly straightforward procedure.

If this isn't the case then one or more creditors can petition to prevent the liquidation, equally creditors can petition for a company to be involuntarily liquidated if they want the money they are owed. This forces the sale of any and all company assets, usually overseen by independent administrators, and the proceeds are then divided amongst the creditors with those owed the most getting the largest share.

Until this point is reached, assuming the company is at least resembling normal trading conditions then all financial decisions are still in the hands of the directors.

The only safeguard against shady dealing is that if the directors can be proven to be financially negligent (ie drawing irresponsibly large salaries that don't relate to the company's financials) then they can be prosecuted.

You can also have "compulsory liquidation" forced on you by a Creditor, or another party. It goes through the Courts and is a well established procedure in the UK.

Failure to follow Legal and fiscal procedures can affect the Directors suitability to hold a similar position in a future company. Equally there are complicating factors such as monies owed to Banks or TAX.

http://www.hmrc.gov.uk/manuals/insmanual/ins1510.htm

Hit next page it takes you through it pretty thoroughly, as you would expect. Winding up is a laid down procedure and has to be adhered to.

 azreal13 wrote:


equally creditors can petition for a company to be involuntarily liquidated if they want the money they are owed. This forces the sale of any and all company assets, usually overseen by independent administrators, and the proceeds are then divided amongst the creditors with those owed the most getting the largest share.

There an echo in here mwnciboo?

I nearly bought some of their remaining 'in stock' Flames of War stuff when I got the 40% off e-mail the other day. Reading some of these stories make me glad I didn't.

It's a real shame as Maelstrom have always been good to me in the past and they where my usual first stop for any gaming bits.

Oh well it looks like I'll be ordering from Wayland or Firestorm from now on.

 The Stranger wrote:

Valiant wrote:

Snippet of info i saw over on the Wyrd Forums, looks like SMG , the uk's biggest wargames distributor (Malifaux, Hordes/WM, Infinity, etc) have cut dies with Maelstrom due to the debt and sold on the debt to a debt collection company.

http://www.wyrd-games.net/showthread.php?36615-Retro-Fate-Deck-out-of-stock&p=466860&viewfull=1#post466860

Is this the scipio's new avatar? Fits his theme btw.

OK. Sold!

Kroothawk, transfering assets from a company to another before liquidating it is a fraud in the UK (it is the same all over Europe, and in the US too). Some company directors dont know it, obviously, but it is still a fraud. Maximum penalty is 5 years of prison. .. (of course i dont think the director of Maelstrom will spend 5 years in jail for transfering two boxes of plastic soldiers..)


Ok, so now i received the missing items of my previous order , together with the order i made this weekend. Great news, except that in this last one, half the items are missing .... hope they will turn up in the coming days.

captain tanuki wrote:
Kroothawk, transfering assets from a company to another before liquidating it is a fraud in the UK (it is the same all over Europe, and in the US too). Some company directors dont know it, obviously, but it is still a fraud. Maximum penalty is 5 years of prison. .. (of course i dont think the director of Maelstrom will spend 5 years in jail for transfering two boxes of plastic soldiers..)

I had a quick swizz of the Insolvency Act and I understood that it's ok provided the receiving company paid market value for the assets.

Yes, if the transfer is made at market price, it is not a fraud. It is like a regular sale. I was talking of transfering for free.