In the
Statement of Affairs reported to Companies House its clear that the manufacturing side was sacrificed straight away but they saw an opportunity to continue trading the maintenance and servicing side if it was made profitable. They state they consulted potentential customers, although did not directly name WMT, no customer was prepared to pay more so they made those staff redundant as well. So how have SWR and TfW carried on yet WMT hasn't.
As an aside four companies were shortlisted to acquire the business but none made a formal offer but two were interested in parts (one of which we know now is GWR) but looks like teh
Fast Charge had been externally funded so Vivarail creditors wont benefit.
3.9m is owed to creditors nearly 2m of it is to their battery and traction inverter supplier and nobody is likely to receive anything back unless something happens with WMT vehicles.
As an side 82 carriages are available for sale.
Cost of administering the winding up is 1.5m let alone the millions RDC injected into this enterprise.