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BEWARE.Signature windows gone into Liquidation. Any lost money to theses con artists? HELP!!!

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Comments

  • Registered Users, Registered Users 2 Posts: 3,855 ✭✭✭joe1303l


    Thanks for the update, if you have the appropriate contact details to hand, can you send on via pm please ? Thanks



  • Registered Users, Registered Users 2 Posts: 2 Niyad


    We're in the same boat here. Its very upsetting. Signature came looking for their balance of money 2 days before going bust. Windows are manufacturered, Was told by Signature Megrame will cut a deal. Megrame not interested in any deal - like you 'hebs14' and others, have to pay an extra 11k + installation to get the windows. Did anyone have any joy with Megrame, if you can let me know or PM me, would appreciate it..

    Might anyone know what the warranty situation will be now with the windows, we went with Signature like many of the rest of you, due to their 10year warranty, Wonder is the warranty provided by the manufacturer..., and if so might it still be someway valid with Megrame being in the EU?

    <Jimmy MW - post #22> Thanks for your earlier post and advice.. sounds like you had a rough time, very stressful, you can see how it can easily happen in these situations!



  • Registered Users, Registered Users 2 Posts: 3,855 ✭✭✭joe1303l


    As I posted previously, I’ve been lucky and got my Megrame order delivered and partly fitted by Signature before they closed. My understanding is that the 10 year warranty is with Megrame but obviously they currently don’t have an agent in Ireland which probably means they don’t currently have someone to carry out warranty repairs. I have been in correspondence via email with Megrame in relation to 2 faults to be rectified on my order. They haven’t directly refused to resolve the issues but have already come back with the usual rubbish that it may be an installation issue, they were fine when they left the factory etc. I’m probably going to struggle with them but I’ll keep trying.

    Megrame are obviously playing tough to say they won’t cut a deal but made to measure windows are pretty worthless to anyone except the original customer. MJ for example often sell windows & doors from cancelled orders for about half price from their factory in Ballydesmond. This is your only bargaining chip. If Megrame are not willing to deal on the rest of your order, I’d suggest you engage a good solicitor to get a delivery of whatever % of your order that Megrame have been paid for. Organise your own installer to fit these and threaten to order the balance of your windows from a new supplier. This route would be a pain but it’s not your fault that Megrame have been caught for money by Signature. I suspect this was brewing for a while as my order from Megrame via Signature took more than 20 weeks to arrive rather than the 12-14 quoted when my order was placed in May. I got lots of excuses for the delay but in hindsight now, it was probably cashflow related.

    Megrame are probably owed a lot of money by Signature but they’re a huge international outfit. They need to write off the bad debt, find another Irish agent and move on if they want to continue selling product into Ireland.



  • Registered Users, Registered Users 2 Posts: 35 Hebs14


    Sorry to hear that. I wrote to the Directors on 23/12 asking someone to contact me.

    Had to just try and forget about it over Christmas....too stressful.

    I haven't been in touch with Megrame again. I was planning on negotiating with them this week. I wonder if there may be some benefit in doing this as a group?

    I also contacted a solicitor on 23/12 but haven't heard back. I'm a bit worried about giving Megrame money and the windows not turning up.

    I'm definitely going to contact the papers this week too. Signature's customers have been treated very badly. If anyone would like to add their story and would be happy to put their name to it, please PM me.



  • Registered Users, Registered Users 2 Posts: 35 Hebs14


    I got an automated email from Signature saying that 'the appointed liquidator' will be in touch.

    I contacted CRO to tell them that Signature hadn't registered their new status with them and they told me that they have 21 days to inform them....not sure if that's 21 working days or calendar days.



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  • Registered Users, Registered Users 2 Posts: 3,855 ✭✭✭joe1303l


    Not sure how the 21 days works but they closed on the evening of December 8th. Either way it would probably be this week at the earliest considering the CRO would be closed over the Christmas break. Ireland has a terrible record of light touch regulation in this area anyway and the process will drag on for months. Roadbridge for example closed last March, went into receivership and a liquidator was only appointed in December.



  • Registered Users, Registered Users 2 Posts: 1,297 ✭✭✭walterking


    Liquidation works on a format. They will not rush things. It is unlikely that there will be anything left for unsecured creditors.

    If you paid by card you can do a chargeback.


    Seems these are the same crew as Marvin Windows who no longer trade here



  • Posts: 613 [Deleted User]


    I'm not sure why people are trying to contact the liquidators... You're an unsecured creditor, your money is likely gone unfortunately. Liquidators aren't going to give you the time of day.



  • Registered Users, Registered Users 2 Posts: 35 Hebs14


    I am trying to contact the liquidator because I got an email saying the liquidator would contact me and they haven't.

    I've had no contact from the company at all... just various stories that I definitely won't get money back, or I might get money back.

    Point is, I've had no official communication from anyone representing the company and am very nervous about doing a deal with the manufacturers until I know where I stand with Signature.



  • Registered Users, Registered Users 2 Posts: 3,855 ✭✭✭joe1303l


    Signature have been uncontactable since early December and the only correspondence that customers received was the following as an out of office reply email; “Signature Window & Doors have ceased trading and the appointed liquidator will contact all creditors to notify them of the up coming creditors meeting. For any clients who are due to receive product in the near future a representative will be in contact to discuss this with you.”

    Obviously customers that haven’t been contacted by now are understandably keen to find out where they stand.



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  • Registered Users, Registered Users 2 Posts: 295 ✭✭sugarman20


    I got through to Donal from Signature, a lovely guy who was always really helpful, but sadly he's out of a job so there's only so much he can do.

    Not sure if I belive that. I'd guess that guy is a bit more senior than he's making out.

    This stinks of reckless trading so the likelihood is that the likes of Revenue and their banks are owed a lot of money too so it's unlikely there will be much left for unsecured creditors.

    If anyone wants the director details send me a PM.

    Post edited by sugarman20 on


  • Registered Users, Registered Users 2 Posts: 3,855 ✭✭✭joe1303l


    Anything further progress with Signature or Megrame for anyone ?

    Liquidation must surely be well under way by now. I’ve had no replies from Megrame to my last 2 emails but I’m hoping they’re shutdown for Christmas rather than ignoring my requests. Thanks



  • Registered Users, Registered Users 2 Posts: 35 Hebs14


    They contacted me on 4th January, but they are looking for money, so I guess I'm higher up on their list as I think your issues are with their warranty.

    No progress with the liquidators... zero contact from anyone :(



  • Registered Users, Registered Users 2 Posts: 3,855 ✭✭✭joe1303l


    Thanks for the update, existing orders will obviously take priority as they should. To be fair to Megrame, they supply a good product in my experience but they’re obviously caught out badly by what’s happened. I also heard recently that there is form here going back to a similar event with Marvin windows.



  • Registered Users, Registered Users 2 Posts: 40,406 ✭✭✭✭Mellor


    IIf MJ sell cancelled windows for 50% of the full value. Then that’s likely the value they are to Megrame too and not worthless to others as people keep claiming.

    In which case, they’d be better off selling them than collect an outstanding 30%. Very hard to make a case for them to had them over and increase their losses.

    Anyone paid in full should obviously receive their order.



  • Registered Users, Registered Users 2 Posts: 3,855 ✭✭✭joe1303l


    Customers that paid in full, paid that money to Signature. It’s likely Signature didn’t pay the manufacturer in full which is why the order hasn’t/might not be delivered. The price the customer paid usually includes fitting also which complicates the transaction.



  • Registered Users, Registered Users 2 Posts: 40,406 ✭✭✭✭Mellor


    Paid in full in that instance would only include orders where Signature have paid Megrame their full share. ie they shouldn’t be able to offset against other signature orders that are in debt.

    Its really shįtty that Signiture withheld payments from Megrame. But it’s a hard to expect Megrame to take the additional hit instead of the customer.



  • Registered Users, Registered Users 2 Posts: 35 Hebs14


    I dont expect Megrame to give me the windows, but I would expect them to go 50/50 with the balance they are owed. Otherwise the only one losing out is me. I still have to pay for delivery and installation too.

    Also... of the €35K I paid Signature, 13.5% of that was VAT. I wonder what happened to that???! You can be sure that Revenue will still get their cut.



  • Moderators, Home & Garden Moderators, Science, Health & Environment Moderators Posts: 18,980 Mod ✭✭✭✭DOCARCH


    'You can be sure that Revenue will still get their cut'.

    I honestly doubt it!



  • Registered Users, Registered Users 2 Posts: 35 Hebs14


    I doubt Signature handed over the VAT to Revenue, but Revenue stand more chance of getting money back than we do.

    Post edited by Hebs14 on


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  • Registered Users, Registered Users 2 Posts: 3,855 ✭✭✭joe1303l


    If liquidated, Revenue and the Banks will be first in the queue to get paid. All other suppliers and customers will unfortunately only get crumbs from the table if there is any.



  • Registered Users, Registered Users 2 Posts: 35 Hebs14


    :-(



  • Registered Users, Registered Users 2 Posts: 40,406 ✭✭✭✭Mellor


    Your should certainly try to negotiate any deal you can*. But I think you need more than "its fair if we split it", as there will be many orders they they have been burned on where nobody is splitting losses with them.

    *Personally, my angle would be, stating that they are entitled to keep their stock if they choose. However, in which case, you will be seeking to recover the monies that they have been paid for this order, as they have chosen to retain the stock. might not happy, but worth a shot.



  • Registered Users, Registered Users 2 Posts: 7 mariamartin555


    Has anybody been able to contact the liquidator yet. I was given a mobile number for him and have left a few voicemails. He has now booked my number as his phone rings when I turn my caller ID off.



  • Registered Users, Registered Users 2 Posts: 984 ✭✭✭Still stihl waters 3


    @mariamartin555 was it a business phone or his personal phone, if you leave a voicemail and he didn't get back to you he didn't want to talk to you



  • Registered Users, Registered Users 2 Posts: 3,855 ✭✭✭joe1303l


    I also rang that number a few times before Christmas. No answer either. Left a voicemail and he never rang back. I’ll try it again tomorrow.



  • Registered Users, Registered Users 2 Posts: 35 Hebs14


    I've still heard nothing.



  • Registered Users, Registered Users 2 Posts: 3 FoxGlen


    I'm in the same boat here, as far as I'm aware this is the situation;

    The liquidator was appointed end of December, the creditors meeting was due to be next week, this should also be posted in the newspapers. Once appointed the liquidator has 14 days to notify CRO.

    I've done some searching and this hasn't been notified to CRO, the company's status is still "Normal". I can only assume they are trying to raise the necessary funds to liquidate (the last financial returns show them €636K in debt, the previous year they were €156k in profit. All the company information including directors, finances etc. is available on solocheck.

    If it's a Voluntary Liquidation, which is my understanding, the company is required to pay its debts in full within 12 months from the commencement of the winding up date. 

    On the other hand who knows what's happening behind the scenes. As they accepted deposits with no intention of fulfilling the terms of contracts there is a potential case for fraudulent trading in which case, again only my understanding, I'm open to correction, the owners can become personally liable for the debts of the company (not protected by the limited liability of the company). 



  • Registered Users, Registered Users 2 Posts: 1,014 ✭✭✭Fogmatic


    Glad you posted your experience as a builder! The general public don't hear the builder's viewpoint enough (and it was ever thus). Husband & ! were ruined financially by similar problems as a small builder in London in the 1980s. A bit of overtrading in hindsight, and a recession, but mainly due to being swindled (including even by some people in the Professions). And builders have been exploited since at least Victorian times. (Sorry, couldn't resist a rant - time to channel it all into that book!).



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  • Registered Users, Registered Users 2 Posts: 40,406 ✭✭✭✭Mellor


    I think he was describing being a client.

    Builders swindle people far more than they are swindled. Hard for a client to swindle a builder, when the money is going one way.



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