Ludkins UK Middleman Service Bankrupt?

[caughtatpoint]

The statement addresses ‘PSA UK Collectors’ so I assume this specifically is just UK

[thurco]

Holy shit what a mess

[amcgl58]

True, but there is just enough of a gray area to stress me out lol

[pfm]

There’s a decent “tldr” feature under the first post if you’re just getting to this thread now fyi

[thurco]

Ludkins US and ludkins are technically different companies (US goes by Polaris now) and it also does specify they are talking about the company that was going by PSA UK. I think you’re fine

[zubat]

“Our focus is now determining a safe path to return these cards to their rightful owners without Ludkins’ involvement.”

Like Kyle Schwarber stepping up to the plate, they’re taking sheeittt into their own hands.

[professorstephen]

Here’s the link to the Google Form if anyone needs it: https://tinyurl.com/yckvus9v

Also how to access your spreadsheets (as Ludkins locked them)

[pfm]

Here's the full message from PSA in case it disappears

@Dear PSA UK Collectors

Effective immediately, PSA is discontinuing its relationship with Ludkins Collectables (“Ludkins”). Ludkins is no longer an authorized PSA dealer or allowed to use the name “PSA UK”. Ludkins has failed to pay PSA for its services while PSA believes that Ludkins has already collected payment from its customers. Even though PSA has not been paid by Ludkins, all cards that have been received by PSA (last ordered received September 28, 2022) have been graded and are in PSA’s possession. Furthermore, PSA offered to return the cards to Ludkins (despite lack of payment) so that Ludkins could return the cards to their customers, which unfortunately was met with resistance and further demands. Our focus is now determining a safe path to return these cards to their rightful owners without Ludkins’ involvement.

Unfortunately, Ludkins has not shared any details with PSA on which cards belong to which customers, so PSA is currently unable to individually engage with Ludkins’ customers to return their cards directly. To return the cards to the correct customers in the safest way possible, PSA will move forward with a formal disposition process for all unpaid orders submitted from Ludkins UK. Once complete, this disposition process will allow PSA to take legal possession of the cards and, with the help of a third party, return them to their rightful owners. We will provide timing updates in future communications. As our number one goal is to return the cards to their owners, PSA will not be asking Ludkins customers to pay again for grading services and they will only be asked to cover return shipping.

Looking ahead, we are making changes to increase the confidence in PSA and our dealer program to collectors in the UK and around the globe. If you are a customer of Ludkins and believe that you have cards that have not yet been returned, then please use this Google Form Link so that we can begin to collect information that will aid us in returning your cards. For more information about PSA news and announcements, be sure to follow our official social media account, @PSAcard, on Facebook, Instagram and Twitter.

Thank you again for being valued customers.

The PSA Team

[cooptheloop]

@Dear PSA UK Collectors

PSAcard

Yeah their president said it does not affect US orders

[Gandolphin]

What happens to those of us who just sent our cards recently?

I had already drafted a pre-action protocol letter to demand my cards back in anticipation of something like this, but I was hoping I wouldn’t have to send it. If you’re in the same situation, I recommend doing the same.

For those of you with your cards with PSA, I hope everything goes well and you get your cards back soon. At least they are with a trustworthy company.

I can post a template of my pre-action protocol letter here tomorrow for anybody who needs it.

[oblix]

this is a disaster, I feel so bad for anyone that submitted cards with them.

[chappo]

well I guess I can book my next trip to the UK, hide your balls Barney, I’m coming.

[Dyl]

What a mess… Really sorry for everyone who is leveraged or in debt due to this gross mismanagement of funds.

Also, for those of you looking to file a civil claim, make sure to read into the procedures for suing a “dead” (dissolved) company. Once Ludkins is struck off the Register, the process to file a civil claim will be more complex.

Claiming money or property from a dissolved company

[amcgl58]

The president immediately deleted his comment after he made it so yeahhh not looking good for US either lol

[thsigma]

@admiral

Lets play Guess the Bankruptcy Annoucement game

announce it the same day as scarlet violet release date so people are sidetracked

[Nosepass]

So disappointing it has all unfolded like this. I definitely will not be sending in any cards for the foreseeable, even directly. In the short term I will just collect ungraded.
Im going to charge back my recent sub fees via Paypal and fill out the PSA forms, thanks for sharing the news everyone.
Hope we can all get our cards back. The good news is that it sounds like PSA want to be proactive at getting them back out to us and hopefully they can reconcile the forms to our submissions.

The part that still doesn’t make sense to me is that PSA keep saying they offered to send the cards back to Barney despite him not paying but he declined and continued to demand more…

[teraz]

I’d really hope and don’t think this impacts US Ludkins orders.

Edit: US orders not impacted.

Outstanding PSA Orders with Ludkins Collectables USA

[Screenshot_20221104-203329]

[Nosepass]

Just as a random bonus the PSA UK/ Ludkins instagram page has now changed its name to ‘dont_believe_it2’
Truly strange

[Gandolphin]

They said the same thing in their facebook post this morning. They’re delusional if they think anybody will believe them.

[chrisundrum]

Already stoked for the docu series. It’s going to be the Tiger King of Pokémon Grading.