ZX Vega+ News

(Unauthorised and Unofficial)

Vega+ Shipping Dates

  • End of September 2016
  • October 2016
  • In time for Xmas 2016
  • February 2017
  • A "few weeks" from March 10th 2017
  • Summer 2017
  • 8 weeks from August 9th (October 4th, 2017)
  • Mid October 2017
  • April 2018
  • May 8th - 12th 2018
  • May 12th 2018
  • May 31st 2018 (Indiegogo deadline)
  • June 15th 2018
  • July 6th 2018

World of Spectrum

Searchable threads in one long post:


CashflowIn May 2017, David Levy created a projected cash flow to pacify his growing creditors, knowing all along these figures are pie in the sky numbers (even more so now Sky have removed their licence). The figures do not make any sense, but when cross referenced with the demands from Michelmores wanting 60% of all income made by RCL, they are pure fantasy. Law firm Michelmores themselves knew a 60% split was contravening the shareholders agreement which specifically banned these sort of financial agreements being made without majority shareholder agreement.

At the time this work of fiction was created, David Levy knew RCL owed hundreds of thousands of pounds to NEW creditors like lawyers, owed hundreds of thousands of pounds to OLD creditors like rights owners, 5000 odd backers they still need to make Vega+ units for at no profit, and many other older creditors.

It is presumed these calculations/claims were made to Michelmores before Paul Andrews was sent the RCL bank statements by the bank which foiled Levy's master plan. This leak and admission by David Levy that both he and Suzanne Martin use/will carry on using their own homes as offices exposes the fact that various tax liabilities have been personally incurred and will be pending to HMRC in the past 2-3 years. Suzanne Martin does not have a property listed in her name, which will become relevant if/when insolvency claims are made at a later date.

Other items of hilarity to note are:

  • Levy states that RCL will crowdfund future products, even going so far as to claim they will create a C64 based one while knowing their names would be toxic to games rights owners, brand owners and the public.
  • The consistently large number of sales that would be required every month just to pay Levy and Martin their £3,000 per month "management salaries".
  • The absolute fantasy that David Levy and Suzanne Martin would ever qualify for any kind of "performance bonus" based on their train-wreck of a campaign in addition to Levy's embezzlement of more than £500k of backer funds.
  • There is no mention of shareholder dividends or paying off old debts/creditors, but there is mention of their office assistant Alexandra Billington being paid her normal £1,000 a month to spy on the enemies of RCL = the public.
  • Levy obviously wanted a pot of money for even more legal battles by demanding £1,000 per month for legal fees.
  • Levy allocated £6,000 per year for accounting fees despite consistently finding loopholes to ever submit audit accounts.

RCL cashflow for July 2017 to December 2018 p1

RCL cashflow for July 2017 to December 2018 p2

RCL cashflow for July 2017 to December 2018 p3

RCL cashflow for July 2017 to December 2018 p4

RCL cashflow for July 2017 to December 2018 p5

RCL cashflow for July 2017 to December 2018 p6

Text version

Retro Computers Ltd Cash Flow Projections – July 2017 – December 2018

All figures are given to the nearest £100

Assumptions on which these cash flows are based

Expenditure assumptions

[1] Pre-production costs for the Vega+ tooling (£22,000) will be paid from the £70,000 advance payment made to the factory, leaving £48,000 contributing to the manufacturing cost.

[2] Management salaries for Suzanne Martin and David Levy will be £3,000 per month, plus a performance related bonus (amount to be agreed) at the end of the year. We will be using Suzanne Martin’s and David Levy’s homes as offices, and the £3K per month for each of us includes all office costs.

[3] Our management assistant is paid £1,000 per month.

[4] Technical support is estimated at £1,250 per month.

[5] Web site support (webmaster) and hosting is £500 per month.

[6] Insurance is estimated as a one-off payment of £2,000 at the start (June).

[7] Accountancy is estimated at £6,000 p.a. spread equally (monthly).

[8] Storage and shipping is estimated at an average of £500 per month. (It is currently less but will rise as we get into production with the Vega+.)

[9] Legal costs are estimated at £1,000 per month.

[10] Miscellaneous costs are estimated at £1,000 per month

Income assumptions

[11] Our selling price (to our sales agent) is £37 per unit for the Vega and £46.40 per unit for the Vega+.

[12] We receive a 20% bond when an order is placed and the balance 80% 60 days after we deliver.

[13] We will be paying a royalty of £1.50 per unit for the rights to use the games.

[14] We have stock of 1,900 assembled and packaged units of the Vega ready for shipping as soon as we receive orders.

[15] We will need to have a further 800 units of the Vega manufactured in order to be able to deliver the whole of the next order (3,000 units) to Argos. All of the components for these units have already been purchased. The cost of manufacture for these units is around £15.

[16] About 44% (by cost) of the components needed for the first 11,000 units of the Vega+ have already been purchased, thereby reducing the cost of manufacture of those 11,000 to approximately £26. After that the cost to us will be approximately £32.

[17] Of the first 11,000 units of the Vega+, just under 5,000 will be for the backers of our 2016 crowdfunding campaign, so there will be no revenue from those 5,000. These will be manufactured as part of an 11,000 production run, with the other 6,000 being used to fill our first retail orders of the Vega+. The revenue from the sales of those 6,000 units will cover the manufacturing costs for all 11,000.

[18] We are getting orders in June for 3,000 units of the Vega (for Argos) and 6,000 of the Vega+ (for various retailers: Argos, Carphone Warehouse, John Lewis Partnership, Menkind, . . . . .).

[19] We estimate (conservatively) that we will have 2,000 orders for the Vega for the Christmas market.

[20] We estimate orders for the Vega for 2018 to total 3,000 units, of which 750 will be ordered in December 2017, 750 in March, 750 in June and 1,500 in September.

[21] We estimate September 2017 orders for the Vega+ at three levels: Low (14,000), Mid (24,000) and High (34,000), taking the total for the year to 20,000, 30,000 or 40,000 respectively. It is unrealistic to expect orders for the Christmas period to be placed until there are already units coming off the assembly line (late August).

[22] We estimate orders for the Vega+ for 2018 at three levels, and have provided cash flow projections for each level:

(a) Low – total orders of 30,000 units, split 5,000 in December 2017, 5,000 in March, 5,000 in June and 15,000 in September (for the Christmas 2018 market).

(b) Mid – total orders of 40,000 units, split 6,700 in December 2017, 6,700 in March, 6,700 in June, and 20,000 in September.

(c) High – total orders of 50,000 units, split 8,300 in December 2017, 8,300 in March, 8,300 in June, and 25,000 in September.

[23] The net margin for the first Vega+ production run allows for the 5,000 units going to backers to be posted at a cost of £5 each (total £25,000).

[24] The figures for the “balance of net margin” are calculated by deducting the following items from the 80% payment received 60 days after delivery:

(a) The cost of manufacture;

(b) The royalty payments.

[25] Once all the backers’ units of the Vega+ have been shipped we will launch a crowdfunding campaign to fund our next product, which will be a retro version of the Commodore 64, which according the Guinness Book of Records was the best selling home computer of all time. Like the Vega+ it will have a colour LCD screen for playing anywhere, and can also connect via a cable to a TV set. Its retail price will be £129 and our net margin will be approximately £26 (compared with £13 for the Vega+)..

Our last crowdfunding campaign raised more than £500,000, but we have conservatively estimated that the next one will raise only £250,000, of which £150,000 will be needed to cover the cost of manufacture of the backers’ units. These cash flows therefore include a net revenue figure from crowdfunding of £100,000 in November 2017. We expect to launch this crowdfunding in October, to receive the backers’ money in November, and to have the product on the market around April 2018. Thereafter we plan to launch a new retro product each year, all funded by crowdfunding campaigns.

Expenditure in thousands of pounds (see notes [1] – [10]

Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

14.35 12.75 12.75 12.75 12.75 12.75 12.75 12.75 12.75 12.75 12.75 12.75 12.75 12.75 12.75 12.75 12.75 12.75 12.75

Income in thousands of pounds (see notes [11] – [25])

Low sales estimates

Bond Balance of net margin Monthly Total Cumulative total

Jun 2017 77.9 --- 77.9 77.9



Sep 144.8 --- 144.8 222.7

Oct (46.8) (46.8) 175.9


Dec 52.0 50.7 102.7 278.6

Jan 2018


Mar 52.0 24.2 76.2 354.8



Jun 52.0 24.2 76.2 431.0



Sep 156.0 24.2 180.2 611.2


Nov [Exceptional figure from crowdfunding surplus] 100.0 711.2

Dec 54.3 54.3 765.5

Income in thousands of pounds (see notes [11] – [25])

Mid sales estimates

Bond Balance of net margin Monthly Total Cumulative total

Jun 2017 77.9 --- 77.9 77.9



Sep 237.8 237.8 315.7

Oct (46.8) (46.8) 268.9


Dec 66.8 93.2 160.0 428.9

Jan 2018


Mar 66.8 30.7 97.5 526.4



Jun 66.8 30.7 97.5 623.9



Sep 200.4 200.4 824.3


Nov [Exceptional figure from crowdfunding surplus] 100.0 924.3

Dec 59.0 59.0 983.3

Income in thousands of pounds (see notes [11] – [25])

High sales estimates

Bond Balance of net margin Monthly Total Cumulative total

Jun 2017 77.9 77.9 77.9



Sep 330.3 330.3 408.2

Oct (46.8) (46.8) 361.4


Dec 82.6 129.3 211.9 573.3

Jan 2018


Mar 82.6 111.5 194.1 767.4



Jun 82.6 111.5 194.1 961.5



Sep 247.8 111.5 359.3 1,320.8


Nov [Exceptional figure from crowdfunding surplus] 100.0 1,420.8

Dec 327.2 327.2 1,748.0


Latest Funky Spectrum RCL Videos

Confirmation of the shilling that went on from certain individuals during this absolute scandal. What a disgrace!

Well it seems justice has prevailed for once and no surprises there to be honest what a ridiculous bit of behaviour !

Indiegogo Campaign

"Our Indiegogo campaign is to raise funds to manufacture the first 2,500 or more units of the Vega+ in the UK, and to prepare us for the second production run."

— RCL (15/02/2016)

Vega+ Status

  • All refunds processed:
  • Roll of honour email:
  • Address confirmation:
  • Battery specification:
  • PEGI certification:
  • Final specs released:
  • Games list released:
  • Finished box design:
  • Manual released:
  • Working website:
  • Final devices made: 0
  • Small claims victories: 0
  • Prototypes made: ~100-200