I placed an order for an SR5 back in April for May delivery. I chased today but received an email saying Paul Hynes Design Ltd is closed.
This is a pricey power supply so I am worried. Anyone know what the situation is?
On the home page: "An Insolvency Practitioner has been appointed to realise the company assets for creditor distribution."I placed an order for an SR5 back in April for May delivery. I chased today but received an email saying Paul Hynes Design Ltd is closed.
This is a pricey power supply so I am worried. Anyone know what the situation is?
Hmm, I’m guessing the insolvency practitioners rack up fees until there is nothing left, that’s what usually happens.
Hmm, I’m guessing the insolvency practitioners rack up fees until there is nothing left, that’s what usually happens.
I don't know how accurate or relevant to you this information is, apparently direct from Paul Hynes and suggesting he will continue at some point his custom build schedule.I placed an order for an SR5 back in April for May delivery. I chased today but received an email saying Paul Hynes Design Ltd is closed.
This is a pricey power supply so I am worried. Anyone know what the situation is?
If paid by credit card then issue a chargeback, failing that a Section 75 claim under the Consumer Credit Act. There is no way you won’t get the cash back in this case, you are legally protected, but start the process now. If paid by PayPal open a dispute immediately for non-delivered goods. Anything beyond that the money is almost certainly gone. Definitely do not wait for communication from the company. They are gone.
I read this having never heard of Paul Hynes ... Looking at the closed down website the payment options are bank transfer or Paypal. That would ring alarm bells with me because if they can't get credit card co approval their finances will be questionable.
Good luck recovering your money.
There seems to be a bit of a theme emerging with the “pay fully upfront and then we build” business model fed into by “fans” on various fora.
.sjb
Mostly have probably good intentions, I believe.
Buying and finance electronic stock on beforehand can be expensive.
if the method, - pay upfront or part payment, works for the business to create a margin profit to establish.