Fastway Couriers

Escape-Watersports

Free Member
Jun 28, 2011
5
0
After Fastway Couriers South Wales went into administration I have been left with over £400 of un usable pre pay tickets. We have been in business for around 3 months and this has been a blow to our finances.
Is anyone else left with pre pay tickets, what action are you taking?
or
Do I just have to deal with it and try not to make the same mistake again?

Any help would be gratefully received.

Escape Watersports
 

Escape-Watersports

Free Member
Jun 28, 2011
5
0
Hindsight is a lovely thing!
I have read through the posts you have mentioned and wished that I had found this site earlier!
The reason I posted in the regional part of the forum was to see if anyone in the South Wales area was taking any further action, or could offer advice.

Escape Watersports
 
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S

shadesofblue

After Fastway Couriers South Wales went into administration I have been left with over £400 of un usable pre pay tickets. We have been in business for around 3 months and this has been a blow to our finances.
Is anyone else left with pre pay tickets, what action are you taking?
or
Do I just have to deal with it and try not to make the same mistake again?

Any help would be gratefully received.

Escape Watersports

The way the fastway's business model is set up will make it quite difficult to get your money back. I use the word business model in the loosest possible sense.

The regional Franchisee owns the local depot and arranges the overnight haulage to the main hub. The driver franchisees then buy the round from the regional franchisee who gives them a portion of his territory.

In short your contract is with the owner driver and the regional franchisees rarely honour these tickets. It's also unlikely the new driver who takes over the area(this happens a lot) will want to honour them as they'll effectively be working for free because the money you've paid in advance has gone to the now bankrupt driver.

In short, it's highly unlikely you'll get your money back but that's not to say don't bother trying.

Take a look at the websites www.blagger.com, foulbusiness and the london gazette to get a taste of this "franchised" operation

I feel for the people at the bottom of the pile.
 
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ivorjbody

Free Member
Sep 12, 2011
3
0
:(I have also lost a few hundred £'s. Not too happy only purchased one book a day before we were told Lewes depot went into liquidation. Mind you our driver has lost his franchise (appx) £25.000 and his job and then there is all the staff. 3rd time it has happened to me. Last time Tiny computers. Got some money back from liquidators. Who are they in this case anyone know please???
ivor
 
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hbcraen

Free Member
Aug 22, 2011
26
4
Haywards Heath
After Fastway Couriers South Wales went into administration I have been left with over £400 of un usable pre pay tickets. We have been in business for around 3 months and this has been a blow to our finances.
Is anyone else left with pre pay tickets, what action are you taking?
or
Do I just have to deal with it and try not to make the same mistake again?

Any help would be gratefully received.

Escape Watersports

I had a client whose Fastway Franchise went intyo liquidation in EastSussex
and he has a number of pre-pay tickets. This is a company to be avoided
 
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ivorjbody

Free Member
Sep 12, 2011
3
0
After Fastway Couriers South Wales went into administration I have been left with over £400 of un usable pre pay tickets. We have been in business for around 3 months and this has been a blow to our finances.
Is anyone else left with pre pay tickets, what action are you taking?
or
Do I just have to deal with it and try not to make the same mistake again?

Any help would be gratefully received.

Escape Watersports

have been onto the BBC watchdog and they have been back twice and want more information fro me.
ivor
 
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Mrbadger

Free Member
Dec 14, 2011
7
1
Brynmawr
hi, I was a driver franchisee in the South Wales Depot. for what it's worth we were told on the Friday that the regional franchisee was fully comitted to the business untill Feb 2012. on the Wednesday we came back at the end of the day to be told it was in the hands of the liquidators. I contacted all of my customers who'd purchased within the last week to tell them to cancel their cheques. I lost 10K for the franchise and 4 weeks earnings aprox 2k. the entire thing was mis sold to us and badley managed. if Watchdog would like a couriers point of view I'd be more than happy to talk to them. BTW the regional Franchisee sold an insurance company he owned prior to starting Fastway for a reputed £20Million
 
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