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LHDCarCompany.com Nottingham, .............. & also trading as Micronet Showroom (Nottingham)
We were taken in by these people !! Website based , customer feedback on site , smoothtalk , & promises from their salesman.
Having placed £17.368,00 UK sterling on the table with a promise of 2 weeks delivery , 60 e~mails , 12 weeks of total nonsense from company staff , no car , no money and a £750.00,00 penalty clause if you withdraw from the contract.
We are fortunate in having good friends. After a personal visit from some "Friends" we were lucky to retrieve our cash.
We suffered personal losses of £5000.00 in this contract , and 10 weeks of upset & aggravation.
Company partners Mr David and Richard Loach quoted " I am convinced that as your buying agent we acted with complete due diligence to procure your car " These people are trading on our gullibility and hard earned cash.
We are foreign resident and do not have the benefit of your small claims court. To take them to court personally would cost another £5000.00 , unfortunately we do not have the time to take them to public court .
Diabolical !! Why are they still allowed to trade in business?
Beware, news is that this company is relocating to Shropshire under the umbrella of another !
If anyone is looking to buy a car from a seemingly reputable company, please, please do not use Micronet. I paid in full for a used 4 wheel drive vehicle in March this year. Both the partners, David and Richard Loach and indeed their staff, constantly lie about delivery dates, the whereabouts of the vehicle etc. I discovered that my car was in stock at a dealer in Germany and albeit that they have had cleared funds from me since March, up until last week, have still not paid the dealer for the car. I am no longer interested in the car and have refused to have any dealings with Loaches for some time now. litigation is being put in place in an attempt to get my money back together with costs and interest. This company does not deserve to be in business.
I ordered a mercedes E class at a good discount. I paid a deposit. The wait started. Eventually ( 6 Months) they said the car was at their foreign dealer and I had to pay the balance, however they asked me to pay a lot more than the original quote. All their documentation was in GB Pounds, but they was paying in euro, and they claimed I was liable for the significant exchange rate movement. The new price was way over UK list price. I used a solicitor and sent them a letter which they ignored. I did get to talk to Richard Loach. I agreed to eventually pay the current web site price (a couple of thousand higher that I was quoted originally, but much better than their euro calculation price) The car did arrive, but it was stressful dealing with them. I had doubts about the escrow facility offered. I wrote the the solicitor concerned. He did not convinve me my money was safe.
Blimey, I was only searching around and found, as you say two unscrupulous people, the two men I hate most in the world. Hot footed it with £5k of my money back in 2001 which was deposit for a Merc CLK. I got the old excuses, its delayed, it'll be here soon story. When they told me it would be another 6 months, they also offered another car which was available now, only if I paid the full amount to them. Of course I said I'd wait for my order. When I managed to find out the German company they were supposed to have ordered it from, I called them. Have a guess ??? yes, there was never an order. A few weeks later, after numerous calls - I found out that the company had gone into liquidation. I never saw my money again. These are bad people, who should not be allowed to own companies like this. Never ever deal with them !!!!!!!!!!!!!!!
Daily Mirror September 22, 2000
By Andrew Penman And Michael Greenwood
MEET Richard and David Loach - Britain's most unscrupulous car salesmen.
Ruled unfit to run companies and banned from acting as directors, the Nottingham-born brothers are now using a Caribbean island to try to get round the law.
Micronet Showroom Inc, of which Richard is director and David international sales manager, is registered in the Virgin Islands.
But it is trading from an office in Nottingham - a breach of the law which could see the brothers jailed for up to two years.
Micronet sells imported prestige cars via the internet, as did the Loachs' old outfits, Worldwide Vehicle Supplies UK Ltd and Eximart Ltd.
Worldwide was shut down by the High Court last year with debts of more than pounds 1million after an investigation by the Department of Trade and Industry found that the brothers had broken almost every rule in the book.
In February this year the DTI's evidence went to the High Court, where Registrar Geoffrey Jaques branded the Loachs "dishonest" and slapped a 13-year ban on them serving as directors.
He was told that the coal miner's sons lied and cheated rather than admit their firms had failed. And that they had used the assets of one failing firm to set up another.
It was found that they:
Failed to supply cars.
Failed to account to customers who gave them cars to sell
Failed to settle hire purchase agreements
Traded while knowingly insolvent
Lied about a bank account in Malta
Failed to keep accounts and other records
Squandered thousands in company money on booze, music and shopping in Ikea.
The court found that when Worldwide began to fail the brothers tried to prop it up with an investment scheme which promised huge returns.
But the sales pitch, which pledged an "exclusive, rock solid investment", was riddled with lies and the scheme was not registered with the Financial Services Authority - another breach of the law.
When Sorted turned up at their Micronet office Richard, 33, and David, 36, denied that they'd done anything wrong.
They said that while they had made mistakes, they didn't deliberately mislead customers.
Richard said they had set up Micronet with a loan from "a friend". He claimed he discovered he was breaking the law only six weeks ago and has since made plans to sell the firm.
David, who sometimes uses the surname Anthony, said the company was genuine and had supplied 60 cars since it began and a further 50 customers had cars on order.
One is Nick Gold. In February, he paid a pounds 7,860 deposit to order his dream car, a Porsche Boxster. Delivery was promised in March... then May... then July.
When the brothers demanded the pounds 31,000 balance but couldn't tell him the chassis number of the vehicle, an extremely worried Mr Gold wrote to Sorted.
After our call, he was given his money back. He told us: "I cannot begin to express how grateful I am for your time and trouble.
"Ten days ago, I was faced with the prospect of spending many hundreds of pounds of legal fees if I was ever going to see my money again."
Of course we are delighted that the Loachs paid up.
As we left, David, who drives a pounds 60,000 Porsche of his own, begged: "Don't stitch us up".
Sorry, lads. Our file is already with the DTI.
Add a comment about this blagger
Visitors to the site are reminded that the details contained within user comments are uncorroborated and as such should not be read as fact but as the opinion of the person who left the comment.
Comments:
We were taken in by these people !! Website based , customer feedback on site , smoothtalk , & promises from their salesman.
Having placed £17.368,00 UK sterling on the table with a promise of 2 weeks delivery , 60 e~mails , 12 weeks of total nonsense from company staff , no car , no money and a £750.00,00 penalty clause if you withdraw from the contract.
We are fortunate in having good friends. After a personal visit from some "Friends" we were lucky to retrieve our cash.
We suffered personal losses of £5000.00 in this contract , and 10 weeks of upset & aggravation.
Company partners Mr David and Richard Loach quoted " I am convinced that as your buying agent we acted with complete due diligence to procure your car " These people are trading on our gullibility and hard earned cash.
We are foreign resident and do not have the benefit of your small claims court. To take them to court personally would cost another £5000.00 , unfortunately we do not have the time to take them to public court .
Diabolical !! Why are they still allowed to trade in business?
Beware, news is that this company is relocating to Shropshire under the umbrella of another !
I ordered a mercedes E class at a good discount. I paid a deposit. The wait started. Eventually ( 6 Months) they said the car was at their foreign dealer and I had to pay the balance, however they asked me to pay a lot more than the original quote. All their documentation was in GB Pounds, but they was paying in euro, and they claimed I was liable for the significant exchange rate movement. The new price was way over UK list price. I used a solicitor and sent them a letter which they ignored. I did get to talk to Richard Loach. I agreed to eventually pay the current web site price (a couple of thousand higher that I was quoted originally, but much better than their euro calculation price) The car did arrive, but it was stressful dealing with them. I had doubts about the escrow facility offered. I wrote the the solicitor concerned. He did not convinve me my money was safe.
By Andrew Penman And Michael Greenwood
MEET Richard and David Loach - Britain's most unscrupulous car salesmen.
Ruled unfit to run companies and banned from acting as directors, the Nottingham-born brothers are now using a Caribbean island to try to get round the law.
Micronet Showroom Inc, of which Richard is director and David international sales manager, is registered in the Virgin Islands.
But it is trading from an office in Nottingham - a breach of the law which could see the brothers jailed for up to two years.
Micronet sells imported prestige cars via the internet, as did the Loachs' old outfits, Worldwide Vehicle Supplies UK Ltd and Eximart Ltd.
Worldwide was shut down by the High Court last year with debts of more than pounds 1million after an investigation by the Department of Trade and Industry found that the brothers had broken almost every rule in the book.
In February this year the DTI's evidence went to the High Court, where Registrar Geoffrey Jaques branded the Loachs "dishonest" and slapped a 13-year ban on them serving as directors.
He was told that the coal miner's sons lied and cheated rather than admit their firms had failed. And that they had used the assets of one failing firm to set up another.
It was found that they:
Failed to supply cars.
Failed to account to customers who gave them cars to sell
Failed to settle hire purchase agreements
Traded while knowingly insolvent
Lied about a bank account in Malta
Failed to keep accounts and other records
Squandered thousands in company money on booze, music and shopping in Ikea.
The court found that when Worldwide began to fail the brothers tried to prop it up with an investment scheme which promised huge returns.
But the sales pitch, which pledged an "exclusive, rock solid investment", was riddled with lies and the scheme was not registered with the Financial Services Authority - another breach of the law.
When Sorted turned up at their Micronet office Richard, 33, and David, 36, denied that they'd done anything wrong.
They said that while they had made mistakes, they didn't deliberately mislead customers.
Richard said they had set up Micronet with a loan from "a friend". He claimed he discovered he was breaking the law only six weeks ago and has since made plans to sell the firm.
David, who sometimes uses the surname Anthony, said the company was genuine and had supplied 60 cars since it began and a further 50 customers had cars on order.
One is Nick Gold. In February, he paid a pounds 7,860 deposit to order his dream car, a Porsche Boxster. Delivery was promised in March... then May... then July.
When the brothers demanded the pounds 31,000 balance but couldn't tell him the chassis number of the vehicle, an extremely worried Mr Gold wrote to Sorted.
After our call, he was given his money back. He told us: "I cannot begin to express how grateful I am for your time and trouble.
"Ten days ago, I was faced with the prospect of spending many hundreds of pounds of legal fees if I was ever going to see my money again."
Of course we are delighted that the Loachs paid up.
As we left, David, who drives a pounds 60,000 Porsche of his own, begged: "Don't stitch us up".
Sorry, lads. Our file is already with the DTI.
mgreenwood at 27th Apr 2005, 04:33PM
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