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#105333 07/31/08 11:12 AM
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Jimmy W Offline OP
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OK. So, I am hearing stories about a Litts disaster. Who is Litts? What is the disaster? What do they have to do with Galazan? Someone clue the rest of us in please. Thanks.

Joined: Mar 2006
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http://www.thisisexeter.co.uk/news/Gun-s...il/article.html
and there is a thread on the Shooting Sportsmen concerning Litt's you should have picked up on.

What kind of stories are you hearing?

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Jimmy W Offline OP
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Only what I heard on the other board, but they weren't very explicit about what happened. Thanks.

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from what I have heard over here is they were struggling and took out several high interest loans which made matters worse. when you are selling guns at virtual cost your going to have a problem, the figures that were being talked about were 30-35 million, theres also been a lot of discussion about the whereabouts of guns and who owns them which must have been a nightmare, Gary Lamburn of the sportsman has now taken over I know him he has been in the trade for a long time I am sure he will sort it out.

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Kinda let's grab the Purdeys and run...

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Hi all Litts are now open again, the sportsmen have taken them over and they are trading again,

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http://www.sfo.gov.uk/press-room/latest-...tyle-fraud.aspx
Quote:
A Gwent businessman and former company secretary of a firm that dealt in sporting guns has been jailed for 32 months after admitting he defrauded investors to prop up his family business. Losses are estimated to be over 8 million.

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Eight British large?? A drop in the bucket. District of Columbia council members steal that much every year. I understand they may owe Perazzi a few bucks, but I'll bet they don't owe Purdey or Boss a pint.

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Glad to hear they are doing business again. I had no indication of trouble many years ago when Andrew custom ordered a nice set of Perazzi barrels to my specs and at a very nice price. Deal went extremely well; maybe now I understand something of his pricing structure.

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Why Litt's disaster?? He should have got 20 years.

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