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What happened to the Myford sale thread?

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David Clark 114/07/2011 20:40:59
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Hi There
Not everything was in the stores.
Myfords are still finishing a batch of new machines.
 
regards David
 
david newman 914/07/2011 21:30:16
47 forum posts
Posted by David Clark 1 on 14/07/2011 20:40:59:
Hi There
Not everything was in the stores.
Myfords are still finishing a batch of new machines.
 
regards David
 
David people travelliing maybe hundreds of miles for this sale would be pretty p--sed off if when they got there is all they could buy was a lathe for several thousand pounds. I think Myfords should say that is all that is left is machines before the sale starts.
 

David Clark 114/07/2011 21:33:27
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Myfords are not organising the sale so they can't say what is going on.
Out of their hands.
mIght find out some more tomorow.
regards David

Edited By David Clark 1 on 14/07/2011 21:38:34

Mark Rand14/07/2011 22:29:01
1505 forum posts
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Posted by Tigertrev on 14/07/2011 20:27:58:
Tomfilery
 
'Mark' is the author of the italicised article I copied into the post so he's not likely to get your message. Sorry, I can understand the confusion in my post.

Trev
 
Yes, that was me in uk.rec.models.engineering. I had called them at lunchtime today about a new leadscrew. Second-hand stuff, completed machines and most of the plant were still available, but the staff no-longer had access to the stores.
 
Mark Rand
RTFM

Edited By Mark Rand on 14/07/2011 22:29:59

ady15/07/2011 05:27:33
612 forum posts
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So who is in charge of the sale?
Robbo15/07/2011 09:53:48
1504 forum posts
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Selling the stores and parts in one lot is bad news, we can imagine the future, can't say more or David will delete it on legal grounds, but we all know the score.
 
Let's give a thought to our friends at Myford, that we've met and joked with at Open Days, Linda the purveyor of emails, Alex and John in the stores, ian, and the others.
 
What will happen to the Myford archive, that record of every lathe made and where it went? It would be a shame to lose that. Have to be patient I suppose, and see what arises from the ashes.
 
Phil
 
TrevorK15/07/2011 10:11:02
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I have just spoken to a very helpful lady at RDG who confirmed their company has purchased the contents of the stores and are right now in process of packing it for relocation to W Yorks from where they intend selling the original true Myford parts through a separate website. I didn't get any timescale for when this business will be up and running.
 
 
Lordedmond15/07/2011 10:17:30
18 forum posts
^ If myford do in fact cease ( heaven forbid ) then it should be sent to
 
 
http://www.lathes.co.uk/
 
as the hold the lathe reference
 
but the trouble will be knowing myford it will be on a card index or ledger, I know for a fact they when they made my present lathe the order was up on a card index type system not on a computer
 
 
Stuart
 
 
 
 

 
 
Lordedmond15/07/2011 10:35:24
18 forum posts
David please do not remove this as I confirmed this with RDG by phone I did ask them if could post the info and they said yes


This is getting interesting I have just got off the phone from RDG and I have been told ( and I have been given permission to Quote ) that they have the spares and the myford name and will be opening a web site in a few weeks to sell the spares under the myford name
 
 
 
Stuart ,
 
 
David Clark 115/07/2011 10:37:36
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Hi There
Lots of secondhand accessories and also machines on sale over the weekend.
Confirmed with Chris Moore 10.30 on Friday morning.
regards David
 
Lordedmond15/07/2011 11:27:12
18 forum posts
David
 
So no spares then only secondhand acc. and machines at the week end
 
I do think if thats the case ( as it looks putting the pieces of the complex jigsaw together ) then Myford should reword their web page else their will be some very unhappy punters at the weekend
 
 
Stuart
Niloch15/07/2011 11:57:57
371 forum posts
I share Robbo's concern about the archive. I may have been one of the last to have his lathe bed re-ground by Myford (tax point on invoice 09/06/11). When I was collecting the bed from the building across the road from reception I asked when the lathe was manufactured, an employee noted the serial number and disappeared up into a mezzanine office, brought back down a ledger and told me that it had been built in 1959 and initially had gone into the demonstration area.
I had planned to make a three hundred mile round trip for the sale on Saturday, but I'm not in a position to spend £50 on fuel only to be met by empty shelves. Unless the situation is clarified I suspect there will be very few customers there even for the few new and re-built lathes. The lack of definitive information is counter-productive for all.

Edited By Niloch on 15/07/2011 12:00:18

9fingers15/07/2011 12:37:01
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Stuart,
That particular webpage will almost certainly be controlled by the administrators whose sole responsibility will be to raise as much cash for the creditors as possible and little else.
Bob
David Clark 115/07/2011 12:50:08
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I am assured the archive is safe.
It will not be dumped or burnt.
regards David
 
John Stevenson15/07/2011 13:53:33
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I have just got back from Myfords, spoke to Chris Moore and RDG who are there in force clearing out.
 
Bottom line is that RDG have bought all the spares and anything other than machines that is not bolted down, this includes the contents of the fitting shop, inspection and other departments. They have also bought all the jigs and fixtures.
 
They have also purchased the drawings and intellectual rights of the company.
 
They have bought / rented another 3,000 sq ft warehouse to put all this in and will be running this as a separate company. They will still sell the Indian imports but as imports and run a two tiered system to supply all needs. This direct face to face from RDG this morning.
 
What is on sale to the public are all the Myford lathes, millers and a few drilling machines plus the contents of the shop and secondhand accessories, vises, boxes of cutters odd collets etc.
 
The items are all priced up as of 12:30 today but not the machines but I was told these will be priced up by tomorrow.
 
The bits and pieces are reasonable £30 for a 6" vise, used and not pristine, indexers from £30, various chucks etc.
 
On the machines there are quite few new lathes and some early ML7's and S7's that are untouched as bought in for refurb.
 
Only pricing I saw was for a couple of ML10's at £2,322 and £2,554 each and a VMA attachment for a series 7 at £2,000
 
Two shots of the machines for sale.
 
 

 
 
Two shots of what is on offer to the public.
 

 
 

I was told by the asset sales guy that machines will be sold at market value as there are the last to be produced and sold, there will be no more, his words, not mine.
 
There are some machines included in the plant like modified Myfords and couple of tatty 254's and one Mini-Kop and a couple of Mg12 grinders. You will have to see one of the asset guys over these to get a price.
 
All the good plant has already been sold. [ Hence my trip today <g> ]
 
John S.

Edited By John Stevenson on 15/07/2011 13:55:51

Lordedmond15/07/2011 15:20:51
18 forum posts
not much good stuff left then John, hope donald has not been to overtasked during the trip
 
 
Stuart From Illson
Bob Lamb15/07/2011 17:03:36
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Thanks for your post John. It made my decision not to go appear to be the right one. I think I would have been very fed up if I had travelled up on the basis of their advert. I am still very sorry about the whole thing but will continue to love my S7!
Bob
Robbo15/07/2011 23:05:09
1504 forum posts
142 photos
Thanks John for keeping us properly informed, unlike the liquidators. They could have done it so much better if they weren't just men in suits.    There doesn't seem much to make a 5 hour round trip worthwhile.
 I used to get a good lot of bar stock at the open days.
 So that's another bit of life come to an end.
 
Phil

Edited By Robbo on 15/07/2011 23:07:59

Andrew Johnston16/07/2011 00:48:46
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Phil,
 
Unfortunately, as far as the liquidators are concerned they have done a good job. They've sold all the spares plus other bits in one go. Why should they waste their time selling one of widget x to person y, and two of widget y to person x, and then be stuck with all the widgets z, that didn't sell. Their aim is to clear the building as quickly as possible, probably within a week or two. Next week they'll be clearing a clothes shop, the week after that an IT company, the week after that.......
 
No doubt the above will be seen as harsh, and it is, but it's the reality of liquidation. There's no room for sentiment.
 
Regards,
 
Andrew
NEIL SMITH 116/07/2011 04:05:20
26 forum posts
RDG buying all the spares may not be such a bad thing,at least it gives Myford owners all over the world access to them.
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