Rangemaster Precision Arms (purchaser of RPA International

[rangemasterprecision]

This is to let your forum know that the business previously known as RPA International (this sounds a bit like Prince!) has been purchased by an asset sale by Rangemaster Precision Arms Limited (Rangemaster). The business will continue to operate from its S England location.

Some of you have made kind comments about the quality of our products and even, at times, our service. Rangemaster hopes to continue in this tradition and if possible to improve what we do.

It is our intention to honour all warranty claims for kit sold by RPA International.

We will not be at IWA, as due to recent events, it was inappropriate.

Thanks for your support, and sorry for those that hoped we would disappear from the marketplace. We believe that our products represent a good example of what the Brits do well, and we are proud of that tradition.

Rangemaster Precision Arms Limited

[Dangermouse]

Well done Rangemaster and thank you for keeping a British company going,
I wish you all the success in the future and hope that you are able make more British Firearms related parts and rifles,

DM

[ovenpaa]

I echo your sentiments DM, good to hear the RPA name will continue.

[dodgyrog]

Success to you,
ATB

[Robin128]

rangemasterprecision

What happened to the unsecured creditors of RPAi LTD?

Same directors as before is it?

:roll:

[bravo24]

i also agree, good luck in future

[artiglio]

Good questions Rob128, whilst I have no wish to see a company fold I have deep reservations about "pre pack insolvency arrangements" where as far as I can see a poorly performing company survives solely by avoiding its previous debts, effectively having its existence subsidised by creditors who themselves may then struggle to survive.

However assuming all is above board , excellent news to see a british company survive.

phil

[rangemasterprecision]

Thank you to those who made positive comments.

We do not intend to enter into a dialogue with those of a more cynical nature on this issue; and this is the last post that we will make on the events of the past week.

For the record:

1. There are no Directors of Rangemaster who were previously Directors of RPA International.

2. It was not an Administration, so there was no Pre Packing involved. It was a liquidation forced on RPA International by its bankers who were not prepared to give the company any more time to repay its loans.

3. Rangemaster works closely with all the previous suppliers of components to RPA Int. We wish to continue trading with these companies on the best of terms, and it is not in our interest to leave them high and dry financially.

4. Like in all failed businesses, there are many things which could and should have been done better over the past years. This applies to not only the previous managment of RPA International at the time of the liquidation; but also to those who left the company in recent years and now appear to be promoting kit which is confusing like our products. Naturally they have sought the advice of their lawyers on such IPR issues; money, which over the next months, will prove well spent.

Rangemaster Precision Arms Limited

[Chuck]

Good questions Rob128, whilst I have no wish to see a company fold I have deep reservations about "pre pack insolvency arrangements" where as far as I can see a poorly performing company survives solely by avoiding its previous debts, effectively having its existence subsidised by creditors who themselves may then struggle to survive.

No offence meant here, but that's only said by people who have never been in that situation or who have a sense of "HONOUR" that is never matched by banks and hostile creditors. If it saves jobs etc then fine. Shows that those concerned had sound financial advice and at least took steps to survive rather than run off into the distance.

Good luck with your plans and aspirations guys.

[ady noid]

Thanks for the update Rangemaster, that certainly answers any concerns people have.

As others have said, good luck and hopefully you can make the company the success the rifles deserve.

Ady