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Maelstrom games "killed off" by Wayland games

 Post subject: Maelstrom games "killed off" by Wayland games
PostPosted: Sat Nov 10, 2012 10:26 pm 
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Seen this posted by a few friends over on facebook, they have a liquidation posted notice on their website.

https://www.maelstromgames.co.uk/

Quote:
OFFICIAL NOTICE

Maelstrom Games Ltd. has ceased trading and will enter liquidation at some point over the next few months.

A creditor of Maelstrom Games Ltd., Wayland Games Ltd., issued a Statutory Demand under section 123(1)(a) or 221(1)(a) of the Insolvency Act, 1986 on the 17th of October, 2012 for �99,773.61 plus costs of issuing and serving the demand.

This debt was purchased from Simple Miniature Games by Wayland Games Ltd on the 1st of October, 2012 and payment of this debt was demanded in full by Wayland Games after seven days had elapsed. Unfortunately, Maelstrom Games Ltd. could not pay Wayland Games Ltd. this debt in full within those seven days.

Previous to the debt purchase, Maelstrom Games Ltd. was servicing the debt owed to Simple Miniature Games at the rate of �500 per working day, claimed by the creditor when convenient for him by charging a credit card owned by Maelstrom Games Ltd., which had been occurring since mid-June and continued to late September, the last payment being taken on the 25th. Maelstrom Games Ltd. did not cancel these payments and were not aware that this debt was being transferred.

Maelstrom Games Ltd. offered to pay the debt purchased by Wayland Games Ltd. in the same manner as it had paid Simple Miniature Games, but this was not taken up by Wayland Games Ltd.

Maelstrom Games Ltd. can only apologise to those customers whose orders have not been fulfilled as it is now impossible for Maelstrom Games Ltd. to fulfil them, excepting those for Mierce Miniatures products (fulfilled by Mierce Miniatures in November) and Battlefront Miniatures products (fulfilled by Maelstrom Games in partnership with Battlefront Miniatures and Maunsfeld Gaming in November), all of which will be sent by Maelstrom Games Ltd. Other customer orders for certain ranges may be fulfilled in the future and any customers whose orders can be fulfilled will be contacted by Maelstrom Games in due course.

All creditors will be issued the relevant notices by the assigned Insolvency Practitioner when Maelstrom Games Ltd. enters liquidation.


Seems they were in pretty deep trouble...


Last edited by CaptainSenioris on Sat Nov 10, 2012 11:44 pm, edited 1 time in total.

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 Post subject: Re: Maelstrom games killed off by Wayland games
PostPosted: Sat Nov 10, 2012 11:23 pm 
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This will likely come as absolutely no surprise to anyone keeping up with events.

For example - viewtopic.php?p=460686#p460686

Maelstrom have posted a number of annoucements for fire sales in the last month or two, there have been rumours of them owing large sums to distributors and wholesalers, customers placing orders have more often than not received absolutely nothing, and lost their payment if they didnt use PayPal to pursue a refund with, Maelstrom included Flames of War in their sales items - a practice which almost resulted in them losing the right to sell Battlefront Miniatures stock as it contradicted the terms of their retail of the range.

On top of all of that, we suddenly have a very familiar looking site - http://www.eye-of-the-storm.co.uk/

If even half the rumours of Maelstroms conduct are true, and they are attempting to write off debts to both customers and suppliers by wrapping up Maelstrom, so that they can start the new business without making good on these responsibilites, its a pretty bad day for wargaming.

EDIT - There is a pretty lengthy thread about the issues over on Dakka Dakka - http://www.dakkadakka.com/dakkaforum/po ... 64643.page

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 Post subject: Re: Maelstrom games killed off by Wayland games
PostPosted: Sat Nov 10, 2012 11:33 pm 
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a bit of reading (from sources other than the fairly biased maelstrom) suggests that "killed off by" is a pretty 'not the truth' way of interpretting what happened...

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 Post subject: Re: Maelstrom games killed off by Wayland games
PostPosted: Sat Nov 10, 2012 11:42 pm 
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True enough, the signs were there for all to see, has the webstore and physical shop have always been isolated from each other? Initially I was sure that it was Maelstrom games that hosted a lot of the epic tournaments in the UK but that seems to now be Eye of the Storm, I take it that it's the same shop with a new name?

...and yeah the title does purely follow what the statement on their page says, perhaps some ironic quote marks would be more appropriate.


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 Post subject: Re: Maelstrom games killed off by Wayland games
PostPosted: Sun Nov 11, 2012 12:06 am 
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CaptainSenioris wrote:
True enough, the signs were there for all to see, has the webstore and physical shop have always been isolated from each other?


I am not sure, but the impression that I get from a few forum threads around is that the EotS is the warehouse/distribution centre (and gaming area, as Mantic are still holding an event there shortly, apparently) while Maelstrom was the retail outlet. They were indistinguishable, but different, entities.

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 Post subject: Re: Maelstrom games "killed off" by Wayland games
PostPosted: Sun Nov 11, 2012 7:43 am 
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They appear to have been set up as separate legal entities after Maelstrom got into financial difficulty. Mierce miniatures is another spun off company too. Also maunsfield miniatures I think.

There are some opinions that the spun off companies may be liable for Maelstrom's debts, and that the whole pack of cards may yet fall down. But it's the internet, so those opinions may be bunk.

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 Post subject: Re: Maelstrom games killed off by Wayland games
PostPosted: Sun Nov 11, 2012 7:49 am 
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CyberShadow wrote:
Maelstrom included Flames of War in their sales items - a practice which almost resulted in them losing the right to sell Battlefront Miniatures stock as it contradicted the terms of their retail of the range.

On top of all of that, we suddenly have a very familiar looking site - http://www.eye-of-the-storm.co.uk/

If even half the rumours of Maelstroms conduct are true, and they are attempting to write off debts to both customers and suppliers by wrapping up Maelstrom, so that they can start the new business without making good on these responsibilites, its a pretty bad day for wargaming.

IMO the truth is somewhere between the 3 statements that have been put out

Regarding Battlefront they still seem to be stocked (on thursday they had got a large new delivery from them including pre-release stuff) at Eye of the Storm - so were presumably in the loop with what has gone on. The only major range that has gone is GW

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 Post subject: Re: Maelstrom games "killed off" by Wayland games
PostPosted: Sun Nov 11, 2012 9:27 am 
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All I am missing are 12 double sized 'Deck-Boxes'.

I will try and get Eye of the Storm to get me that order that is now ~14 months overdue....

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 Post subject: Re: Maelstrom games "killed off" by Wayland games
PostPosted: Sun Nov 11, 2012 10:39 am 
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I have codex chaos space marines ordered with them, suppose i can forget that. :(

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 Post subject: Re: Maelstrom games "killed off" by Wayland games
PostPosted: Sun Nov 11, 2012 1:28 pm 
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I have ordered 4 times from them during their fire sales. Never wanted to commit too large a chunk at once, so only ordered each time after I'd received the previous in my hands. The last order (~£50) hasn't shown up and I'm writing it off. Very pleased I adopted this purchasing system, but shocked that MG have screwed so many gamers out of good money.

I dont blame WG for thier part in it at all - they have now released a document themselves to show their side of it and it seems like a wise move to protect your own supply chain to which they were tied as were MG.

THe outcome of this may be may months down the line.

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 Post subject: Re: Maelstrom games "killed off" by Wayland games
PostPosted: Sun Nov 11, 2012 7:12 pm 
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TuffSkull wrote:

I dont blame WG for thier part in it at all - they have now released a document themselves to show their side of it and it seems like a wise move to protect your own supply chain to which they were tied as were MG.

THe outcome of this may be may months down the line.

I'm sorry but I can't believe anybody would swallow that garbage from WG
IMO nobody come out of this looking good and all 3 statements raise more questions than answers

Maelstrom -they have lost a lot of goodwill+customers out of this but have they done any more than desperately try and salvage somee of their business? Time will tell

Wayland - obviously saw the opportunity to kill a competitor, their statement is an insult to everybodies intelligence. Like maelstroms actions not very ethical but fits with their plans for domination in the sector - if their motives were as they say why did they not blow the whistle earlier and/or not just invest in the supplier?

Simple games - at best incompetent to allow the reported debt to accrue at worst in collusion with WG

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 Post subject: Re: Maelstrom games "killed off" by Wayland games
PostPosted: Sun Nov 11, 2012 8:42 pm 
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I think that this blog reflects my views pretty well:
http://thefrontlinegamer.blogspot.co.uk ... games.html

There are no good guys, aside from the customers who bought goods without realising the issues (those who bought and did suspect took a gamble knowingly).

Maelstrom clearly attempted to run up way too much credit and were not sensible with their book keeping. It appears that they attempted to stretch too far in too many directions, and forgot that they are a retail business first and foremost. They neglected their customer base, and took advantage of their suppliers. It was never going to end well, and even then they appear to be at best blind, and at worst attempting to take orders that they were fully aware they could not fill.

Simple Miniatures extended credit beyond what they could or should do.

Weyland is an interesting case. My own (unfounded) suspicion is that they were partly protecting their supply (I assume that if Simple Miniatures went down or suffered issues because they had extended credit to Maelstrom that they couldnt function with, Weyland would be disadvantaged too). However, a lot of it appears to be stronghand tactics to drive down the value of a business and attempt a buy-out (with the knowledge that any strongarm tactics that Maelstrom didnt submit to would like have exactly this consequence and remove a large competitor), which they admit they tried previously. Its fairly established business practice to devalue a business and put pressure on them to sell up. Then again, Maelstrom should never have put themselves in that vulnerable position.

There are no winners here.

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 Post subject: Re: Maelstrom games "killed off" by Wayland games
PostPosted: Sun Nov 11, 2012 11:02 pm 
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Dont get me wrong, I'm not saying WG are completely innocent in this. It was definitely a good opportunity to write off some major competition, but MG had got themselves into a situation they were never going to get out of. One way or another, Maelstrom as we knew it was doomed long ago. But it is business, and I dont blame Wayland for their actions in ay case - they may have hastened the outcome with strongarm business tactics, but they didn't determin it by such IMHO. It seems Maelstrom on the other hand directly chose to take monies without intent of providing the goods, which will keep me away from Eye of the storm for the forseeible future.

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 Post subject: Re: Maelstrom games "killed off" by Wayland games
PostPosted: Mon Nov 12, 2012 5:45 pm 
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I had ordered from Maelstrom in the past, but hadn't done so recently, mainly owing to their very slow speed when it came to delivery. I'm glad that I didn't place any orders in recent times in the light of what has been going on.

As others have said, nobody comes out of this affair looking particularly rosy. In the end, it's a sorry state of affairs for all concerned.

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