Little Loco Company has issued a statement announcing that it is inviting offers for the sale of its business in whole or part. It launched in 2016 with development of a Class 15 Bo-Bo diesel for ‘O’ gauge which it successfully brought to market in early 2017 (HM117). It has since been developing models of the Ruston 48DS four-wheel diesel shunter and Class 22 B-B diesel hydraulic for ‘O’ gauge.
In the statement issued on May 8, Little Loco Company owner Steven Leathers said: “Over the past few months I have been unable to progress any Little Loco Company projects due to personal reasons. I have now come to the realisation that I can no longer continue to operate LLC and I’m inviting offers among the model railway community for the sale of the business in whole or part. Please feel free to share this statement.
“Offered for sale is a complete tooling set (injection moulding and die-cast) for the Ruston 48DS in two styles ready for production, costing over £140,000 in total for machining, EDM on all parts, and developmental testing. In addition, the Class 22 is fully developed and ready for tooling, incorporating many novel features and systems that have been designed to be marketed separately and feature in future models. Tooling costs can be considerably reduced by removing this system-level approach.
“I am open to offers for the business as a whole or just the rights and tooling for the Ruston, along with the Class 22 development work. Serious offers or request for further information to email@example.com – I am happy to act as a free consultant to ensure the sale and project continues as smoothly as possible.”