Salisbury Company goes Bankrupt.

NOT Naim Audio, but the flying school at Old Sarum airfield that used to keep me occupied.

They have actually gone into voluntary liquidation and at the creditors' meeting last Thursday it was stated that they owed c£400k and had assests of c£20k. The aircraft were owned by a mumber of different companies/individuals and leased to the school. Most of these aircraft have now been leased out to other flying schools around the UK. One of these leasing companies was separately owned by the lady who owned the flying school. That company doesn't seem to have gone into liquidation, but the airfield owner has impounded those particular aircraft. Six aircraft worth about £200k I would guess.

Fortunately I was last paid on 27th May (money is secure!!) and they went into liquidation on 29th so that's not a big issue and I have already picked up some unexpected, non-flying consultancy work on an adhoc basis which should keep the wolves at bay.

However, because I also used to use their aircraft for recreation, I had deposited an advance payment of a grand with them in mid-April, of which c£600 was still left for future use. I had deposited the grand using my Barclaycard, rather than cash or wage-transfer etc. What's the probability of ever seeing any of that outstanding £600 again? I ain't loosing any sleep over it, but wouldn't like to see it unecessarily slip through any net. Lets face it, £600 = £600 = Powerline after all!!

Cheers

Don

The Finance Act (I think that it's section 50) protects you for goods, but services may be different. See the Citizens Advice Bureau or take advantage of any free legal advice services.
Best of luck.
Ken

Don, this may help:

http://www.which.co.uk/reports_and_campaigns/consumer_r...ort_657_120932_2.jsp

You've paid at least the 100 pounds, it looks like nothing will "turn up", seems that the credit card company could help you.

Ken, Ears

Many thanks. the Which? report certainly looks worth following up. I will try the credit card company first.

Cheers

Don