Have DJ Litts gone bust?????????????

[Andrew Richards]

LITTS HAVE GONE BUST
Mr Litt was escorted from the building yesterday by the auditors.
Apparently £25million pound was invested and now its all gone

OH DEAR!!!

[Gold]

who are litts ?

[Andrew Richards]

who are litts ?

D J LITTS NEWPORT. Gun dealers.
www.litts.co.uk

[Raygun]

Litt's seemed to advertise an awful lot. I'm guessing that a good percentage of their business was via mail order. It's probable that the VCR Act has had a great effect.

This does highlight the fact that we have to support our gunshops or we will lose them. JSR must have lost turnover due to the Act but as a first class supplier it looks like he will be able to carry on without selling airguns.

Pity to see any business go under.

ATB
Ray.

[tripod]

ah well, what goes around comes around

[arrows180]

I dont think Litts will be the only one to close. Due to the vcr bill, The sale of airguns is now limited to the shop's local community. The loss of mail order sales has got to be offset by increasing the price of guns sold locally. I'm now looking at buying used rather than new. The knock on effect will also hit manufactuers. At least a couple of shops have had the foresight to find a loophole in the law and offer delivery to your door and thus complete the sale f2f in your home, Although the delivery charges are quite high it looks to be the way forward, for the time being anyway.

[Big Mafoota]

I'm gutted if this is true. I've been going to Litts since I was a little boy. The service was often shocking but generally the guys in the shop were very helpful.

[hawkeye]

surprised at that considering the prices and level of rudeness wether you bought for airguns or firearms you had to wave your cash in thier face to get any kind of polite service .
Prices were only ok if they had an offer on what you wanted .
Brian:

[Chris St. MH]

At least a couple of shops have had the foresight to find a loophole in the law and offer delivery to your door and thus complete the sale f2f in your home, Although the delivery charges are quite high it looks to be the way forward, for the time being anyway.

I can expect Sportsman Gun Centre and Helston Gunsmiths to deliver to my door then? Cool!

[kingnewport]

ill ring my mate , he works there

[Dai.T]

For those interested Administrators are Deloite + Touche
Blenheim House
Fitzalan Court
Newport Road
Cardiff
UNITED KINGDOM
CF24 0TS
Telephone Number: +44 (0)29 2048 1111
Fax Number: +44 (0)29 2048 2615
Cheers
Dave

[TURIN TURAMBAR]

D J LITTS NEWPORT. Gun dealers.
www.litts.co.uk

Now "Gone Dealers"?

Oh I'm sorry black humour is not allowed on this forum!!!!!!!!!!!!!!!!!1

[ikarma70]

just proves that not all gun laws are good ones

[willy]

Joking, this place was always packed out with punters, was a chore to get served!.
This is not good news!.
Hope they did not take too much of you'r stock with them gaz.

[TURIN TURAMBAR]

Mr Litt was escorted from the building yesterday by the auditors.
Apparently £25million pound was invested and now its all gone

Interesting, if this actually happened?

Financial impropriety/maladministration?

It could be that they are trying to sell the business as a going concern - Administrative Receivership.

Anyone who has a gun in there (say for repair) or other items that they own (and can prove ownership) will normally be returned to them after an audit and listing of the total assets and liabilities. You should find out who the receiver (or whatever) is if you have assets in the shop - usually a firm of accountants or similar who is independent of the company and its normal auditors or it may be an Official Receiver - you should lodge your interest - eg I have a Weihrauch hw 35 serial no. etc in there for repair. If you don't do this and company records are inadequate or non existent you may not get your property back - it may be sold to realise money for preferential creditors - tax, vat, ni etc.