KR Models have today issued a ‘statement’ confirming what I have believed was going to happen for sometime that they have officially gone in to Liquidation. I will not copy the ‘statement’ but it can be read here and it essentially blames everything and everyone but themselves. The reasons for the demise of KR Models are: poor business management, poor / little research, poor project management, inability to accept constructive criticism/ or offered assistance, poor communications, poor quality control, not understanding the financial risks involved especially when in this business model case it is the factory’s that are funding the development costs until production or the willingness to believe it’s everyone else’s fault but your own! It is unfortunate for many reasons; not only for the business itself but also likely losses to pre-paying customers (hopefully via Credit Card Section 75, highlighting the date of liquidation as the starting point of the failure to deliver rather than…
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